9 Jan

Great Start To January, Let’s Keep It Rolling! Updates For Monday 1/9/2012


Last week was awesome, let’s build on that success this week. SQNS didn’t go as well as I liked up $2,500 early to take a $200 profit and of course it’s gaping up this morning at $2.88 and if that sticks I’ll have left about $1,500 on the table. Part of trading but definitely something to learn from.

U.S. stock futures were little changed Monday, with investors eying upcoming bond auctions and other developments in the euro zone and awaiting the unofficial launch of the corporate-earnings season.

The economic calendar features consumer-credit data for November at 3 p.m. Eastern. Investors will await the release Thursday of weekly jobless claims data as well as December retail sales for further clues to the strength of the U.S. economic recovery.

QPSA – looking to add to my position and will let you know when I’ve done so. I think we’ll see an earnings runup on QPSA prior to the February 6th earnings call so I’d like to be in with some size. The reason I think it’ll runup is because this is their first quarter reporting numbers with myYearbook in the picture.

USAT – financial were out over the weekend and as expected nothing there to blow the roof off. We need some news on this one and because they’ve already guided I’ll probably hold though earnings even though I normally don’t do that. This trade however has become a long for me and holding longs through earnings is normal. If you’re new I don’t hold swings through earnings – hardly ever anyway. I’m looking to add position and will let you know when I’ve done so.


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