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26 Apr

Midday For April 26, 2011

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Well AVVC sold off today and we know these promotions can do this which is why I took profits very early on. I’m getting a lot of emails asking if I think it’ll come back and the truthful answer is I don’t know which is why I moved on. If I were in at $1.20 I could have handled the dip better but no dice. This is why I mentioned I hope we get another 10% out of it before it moves back up the chart… that way dips are safer. So anyway, $800 profit on this one and I’m moving on. Not sure I’ll play it again, I don’t like how much they bought it back this early on.

MXMI failed to continue but I’m guessing most the chat room and text traders already flipped it for profit. I on the other hand was forced to hold since I don’t like selling into my emails. Otherwise I’d of banked over $2k on this one. Instead I waited until this morning hoping for a big gap and run like GNTA but it failed to continue. Something is up with this stock but I am not sticking around to figure it out. Sold my position mid morning for a small gain and I’ll find something else to trade.

Still riding my bid buy of CMCI, not much going on there but I hear it could pick up soon. Bid ask can be huge on this one at times so be careful, not one I’d be looking to buy on the ask.

IGOI is going perfect so far already up 7% and I’d expect to see $3.45 in the near future if my plan works out. Not sure I’ll make it that long though since I am already closing in on my 10% goal.

Also, just let me point out that when I have a ton of open trades I won’t be digging hard into my watch list because as you know, I don’t like to carry more than 3-5 trades at a time. Honestly I’d prefer to only have 1 open at any given time. So now that I’m down to 2 stocks, I’ll be looking for trades this afternoon and keep you updated. Remember, if it’s in the ‘Challenge’ account I’ll indicate that in the text and email message.

 

 

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