20 May

Midday For May 20, 2011

by

U.S. stocks are falling on concerns about the euro-zone debt crisis and troubling profit reports from a couple of apparel retailers.

PAL sold off a bit down about 4% which opened the door to a good buying opportunity in my opinion. As a result I grabbed $2,500 shares at $3.55 and my new average is $3.65. In the short term I’d like to make $.50 – $1.00 per share and this chart shows you the reason for my buy.

Click here to view why technical analysis suggests PAL is a good buy here.

Nothing has changed on GSTP, I expect it’ll start trading more actively in the future which is why I continue to hold. If and when that outlook changes you’ll be the first to know.

Outside of that I’m looking to but ELTP at $.145 if it pulls back some.

 

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Choose From The Topics Below To Receive Jason Bond’s Market Insights & Alerts:

[adzerk adTypes=”162″ utm_source=”wrbrbwad” utm_medium=”w” utm_campaign=”wadproductweb” utm_term=”JRDE” utm_content=”wwjbpnormsbar_jbp_sidebar” keywords=”jason-bond”]

[adzerk adTypes=”3834″ popup=”true” delay=”3″ cookie=”1″ keywords=”jason-bond”]