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13 Jan

$11,000 In Profits Thursday, Live Updates For Friday January 13, 2012

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What an excellent start to January and let’s work hard to keep the momentum going. It’s early here but it appears we’ll finish the week strong as Asia and Europe are rocking.

$11,000 in profits yesterday from CEDC, USAT and QPSA is by far one of my best days in a long time and the best part is we planned these moves months ago and illustrates the power of buying support when things look back and swinging strength as the story improves.

I’ll be out of chat and behind on email today so be smart with your trades. The market is closed Monday so we’ll get back after it Tuesday. My goal today, this weekend and Monday is to get everyone situated on Profitly so if you have not created a username there yet be sure to do so and email it to me so I can migrate your account.

Finally, I’m planning on holding LGF long and I mean long…probably a month or two. Obviously that would change if the company had terrible news or the market went into a tailspin but today that doesn’t appear to be the case. LGF has a lot and I mean a lot going for it right now and I think it trades well above $10 soon. I’m really happy with the chart pattern on FLOW so I’m looking to hold here. If it runs hard I’ll scale out of half my position on the way up just like I did QPSA but understand I’m in no rush. This stock held its flag pattern for well over a few weeks and I think it’s heading to the low to mid $4’s. There’s a good chance I don’t sell anything today but of course I’ll keep you updated if I do.

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