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29 Aug

Tuesday August 30, 2011

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Another $2,509 in profits for me today and I know subscribers banked big as well. ZAGG and COOL paid very well from Friday’s swing alerts.

Heading into Tuesday here are my thoughts on our open positions.

PPRTF continues to work up the chart in a classic accumulation pattern. I wouldn’t be surprised to see this one pop soon based on the way the chart is heading. In at $.52 I’d be happy with anything around $.60 or higher.

MCZ didn’t perform as well as I think it should have today in the bull rally, so I scaled back 5k shares until I see more strength. Last thing I want is a big position on an illiquid stock. Stop is still $.75 with a goal of $1.00 for remaining shares.

EVGI has proven to be a mistake and those happen. Took bad advice and bought without study and paid the price. Now I’m just hoping this is in face a stock promotion so I can break even. I’ll average down if I catch wind that it is to make my exit easier.

QPSA closed near the HOD. This stock has been beaten down recently due to bad earnings and a bear market, however, they have a really good deal in the works and and news could really squeeze the stock. I was very close to buying last Friday but didn’t so I bought the close hoping for a gap and run instead. Chart is still near bottom so I’m not worried about the 20% move – only question is will the company do a good job and release some good news to really squeeze the shorts Tuesday.

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