Thursday July 14, 2011

Heading into Thursday I have 4 open trades, 2 short and 2 long.

I’m getting squeezed on POTG and ZAGG but I’m holding onto both because I think I’m right. Price action is all that matters so if they don’t turn down in my favor soon I’ll be forced to cover for a loss. I have 20k POTG short at $.80 and 2k ZAGG short at $12.77.

After cashing in XSNX for a small gain, I picked up 10k MCZ at $1.47 with a goal of 10% short term and a tight stop. Also still have my bid buy PPRTF, 10k at $.60.

I am getting the c/c and picked up some ASPS yesterday and sold today for a 7% profit. I like trading larger companies with good fundamentals your smaller ones scare me a little bit. I was a stockbroker for 26 years and now am trying to trade for a living, a different ballgame. Your system in 1998 or 1999 with the techs running – hard to think how much money you would have made. Also, thanks for keeping the room professional. All the best.

Carl C.

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