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20 Jun

Tuesday June 21, 2011

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Well we cleaned house today and one of my bid buys, SHMX, paid off big for all of us who added at $.13 or lower recently.

Also closed out AAST, WTFS and a day trade on RENN in chat Monday morning for decent money too. My chat room short on ORS only scored $125 but hey, a win is a win.

Heading into Tuesday I have a number of open trades I’d like to discuss so here goes.

15k MCZ at $1.39, current is $1.40, goal $1.52, stop $1.30. Perfect bottom bounce, first up day with entry into a strong close. Video analysis will be posted tomorrow morning.

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

2k RENN at $7.73, current $7.50, goal is $7.73, stop is $7.25. I bought this into the close hoping for an earnings flip like this big score but RENN only hit $8.07 before turning back down.

10k USAT at $2.25, current $2.16, goal $2.60, stop is $2.00. Volume has dried up here, we’ll need a fresh catalyst soon but I still like it above $2.00.

10k COOL at $3.18, current $3.04, goal $4.00, stop is $3.00. If COOL continues to get hammered I’ll be forced to give up for the time being. The further we go into the week the more the Russell could act as a catalyst, so I really hope to see shares turn back up Tuesday and buy me some time.

125k GSTP at $.14, current $.105, goal is $.19, stop is $.08. Like SHMX, this is a strategic bid buy and so long as $.09 – $.10 hold up I’m staying in.

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