23 May

Monday May 23, 2011


As of right now, U.S. stock futures dropped sharply Monday as sovereign-debt worries sparked heavy selling across Europe, while a strengthening dollar sent oil prices lower.

Still have 75k GSTP at an average of $.153, no major updates here right now, just looking for it to start trading now that the ‘E’ is gone.

I have 5k PAL at $3.65 and I may have to accept a lose on PAL depending how it trades today. With futures down and Palladium down right now it’s hard to believe it’ll open bullish. If support in the $3.47 range continues to hold then I probably will as well. Goal still remains in the $4 range soon.

Right at the close Friday I tried to jump in and grab a small position of PVSP because it started to run. The idea was to ride a gap and run into Monday morning but ETRD wouldn’t fill my purchase order forever and I ended up giving up on the order after filling 29,500 shares at .065. Anyway, I tried to turn around and sell them at $.074 right away but couldn’t get my order filled in the final minutes. I’ll look to sell this tiny position right away today.


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