23 Mar

Afternoon Updates For 3/23/11

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Finally! It appears some COOL shorts starting to give up here. After testing key support at $2.20 around 11:30 am EST this morning, COOL has been making one higher low after another. Without any news here, I am led to believe it’s shorts tossing in the towel after it held the $2.20 range. Honestly, I’d had hoped the company would have news by now so the fact that it’s bouncing without news is a very good sign. I still have all 7,500 shares at an average of $2.41 and continue to look for 20% on COOL in the short term.

I added CHTL last week at $.187 and it continues to play very nicely. Already up 23%, but I think there is more to be had based on all the accumulation in the $.22 range. I have 36,000 shares there between two accounts and will probably put an order in here to sell at $.25 soon.

And finally FASV, which is testing my patience to say the least! Added yesterday at $1.11, I was expecting more volume today. As of right now, I’ve decided to give it another day or two. Not my favorite thing to do but if it runs anything like ALZM or UTOG I’ll be ticked I missed it. I’m holding 5,000 shares with a mental stop at $1.00.

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