27 Jun

Monday June 27, 2011


Heading into today I have 6 open positions, but I really only wanted 5.

4k URG at $1.65, current $1.71, goal $1.80, stop $1.65. This was a chat room trade that turned into an overnight hold. Sold 16k in AH around $1.68 because I didn’t want to hold a large position in this stock over the weekend. The last 4k wouldn’t fill which is why I have it still.

75k XSNX at $.07, current $.067, goal $.10, stop $.05. This is a strategic bid buy like SHMX was.

125k GSTP at $.14, current $.0921, goal $.19, stop $.08. Like SHMX, this is a strategic bid buy.

10k COOL at $3.02, current $2.99, goal $4, stop $2.75. Friday I sold 5k when it broke $3 and bought 5k back at the LOD. Now I’m hoping to see the buyers outweigh the sellers from here.

3k LCI at $5.41, current $5.33, goal $5.45, stop $5.00. Did not react well to FDA approval because everyone sold on news. Good news means it should work back up now, I’ll take it when I’m green.

Short 1.1k ORS at $4.04, current $4.87, goal $3.00, will add on a spike. I sold 1.9k premarket Thursday for $300 profit but couldn’t get my whole order filled which turned out to be a big mistake. Now down over $600 on the remaining shares I’m looking for the exit sign.


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