zboy - EMES was my short idea in Monday and Wed's newsletter.  In answer to your question, remember there's no one way to trade these stocks, will depend on your style, risk tolerance, etc.  

For example on EMES - let's say you traded the break of the trendline, since as Steve said the sector was weak.  Your initial stop depends on you, though; one could have had a stop say above the 9 EMA, or maybe even just above 50% of Friday's down candle, though that would be quite tight unless the 60 min validated it.  Which is a good point, always look at your intra day time frames as well such as the 60 and 15 min along with the daily chart.  Now after the good move, one could have covered 1/2 or even 2/3 to lock in profits then set a wide stop on the rest as sometimes price will go back and test the broken trendline and find resistance there.  

Now on a 60 min time frame you will notice that EMES set up as an RVM bounce trade as price got to far extended from the 9 EMA thus it has a nice intra day bounce - shorter term trades could have recognized that and locked in profits there, while busy day jobs folks would not have.  See the image