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6 Aug

Monday August 8, 2011

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Vacation is over so look for regular alerts again. Heading into Monday I’m sitting on 3 positions and bidding a 4th.

As I’m sure you can imagine I took a beating on my BERX trade. I still have 20k shares and am already down about $11k on the first 35k I sold. Down about $7k on the remaining 20k shares this stands to be my biggest loss since starting the Profit.ly account back in March. I was up $4k on this one I think and man does that look good compared to the situation I’ve created now. From what I hear the mailer I was expecting on this one failed with the timing of the market crash and I got stuck in the middle of it.

10k GRHU at $.81, current $.75, down $623. I’m hoping this is good support to move off of. Small position because I’m not sure, might add more shares if it starts to move toward $1.00.

5k LYSCF at $1.92, current $1.99, up $342. Bought what appears to be support, hoping to catch the reversal run here. I’ll consider adding to my position with confirmation of bullish shift.

Bidding 10k GLUU at $3.82, current $4.01. Tried to catch the dip on this one Friday while driving home. There are lots of bargains out there right now and I think GLUU is one of them.

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