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6 May

Midday Updates – There’s A Lot

by

Okay so I’ve loaded the boat with some short term trades meaning barring any catalyst changes I’ll be holding into next week. You know me, I don’t like more than 3-5 stocks so this is probably it heading into next week.

I have 200,000 shares of KIWB at $.035 in my main account and 100,000 shares of KIWB in my challenge account. Short term goal in the $.04’s. Real company, no pump here and hardly any coverage on the message boards. Leads me to believe something good is up, hence the starter position. This is a bit more speculative than I’d like with my challenge account.

Still accumulating GSTPE at $.21 and I won’t pay a cent more right now. Been on the bid since Wednesday and have 15,616 shares at $.21 with a goal of 25k shares. Short term trade into the next move up. Looks like $.02 is good support so I’m essentially grabbing shares from bag holders hoping to sell into the next run up.

Added 7.5k GPL at $3.30 from this morning’s watch list. It blew right by me at the open and  you know me, I don’t chase stocks. It then hit $3.53 and pulled all the way back to fill me. So far so good trading at $3.38 and I’d expect it to rise with silver.

Just bought 5k LOCM at $3.61 and hope to ride this one for a while. I’ve been down the LOCM road twice now recently and I hope to make this 3 for 3. Should be good support around $3.50 so I don’t expect it to go much lower than that should it dip. Goal is 10% or possible more if it starts to look favorable.

Lastly, still riding ANIK heading that should run up prior to an FDA ruling in about 60 days. I’d like $10 on this one. After averaging down I have 2,970 shares at $8.26, current price is $7.30. I’ll probably grab 30 shares just to give me an even number.

 

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