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25 May

Midday For May 25, 2011

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Wow, lots of action to discuss! Some days are slow and others, not so much.

Tried to play JAMN but my entry stunk and the stock didn’t want to play nice above $2.10 per share. Cut my loss quick at $2.02 not wanting to flirt with $2.00 stop losses and I’ll try it again on a day when there is more volume, thought today would be that day. So many wins on JAMN, I can live with a small loss.

Missed MOBI at the open but I don’t like guessing the bottom anyway so I grabbed 2k at $9.05 and another 2k at $8.62. Goal is $10 in the short term if it can hold support and continue up. Little bull bear struggle going on here as I type. I have a stop limit for 2k shares set at $8.39 x $8.35 and came damn close to seeing that trip earlier.

We’re finally seeing action on GSTP and many in chat have already taken profit. I however am looking for more on this one and am bidding for another 25k shares at $.14.

Just placed a big bet on COOL buying 10k shares at $2.65 into the afternoon surge of volume looking for a breakout. It’s trading sideways very nicely and today is the first decent up day in quite some time. As you know it’s been on my watch, goal is $.30 to $.50 per share in the short term. I think COOL will run on the Zynga IPO coming soon.

Still riding 2.5k PAL and that’s going well up a few hundred bucks today. Goal is still $4 here.

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