Another boring day...but some stocks pick up the pace!
Hey folks,
First off I shorted HANS way to early, so I'm down from that. My OVTI short worked and I cashed in for a small profit. With that, I bought a small NASDAQ company that goes by the ticker, TECUA which is a company that makes A/C products for buildings. I bought it because of its industry group has been on fire lately, and it looks like it has bottomed out. We'll see how that one goes.
Also...ACH went up
WZEN went up
PLXS closed slightly higher
ACR hit a new 52wk high of 26.14
GMK went up (despite the 30 million stock offering...I guess flour and corn products are finally making a comeback...)
I also have a nice stock pick: USPH at 19.95
and two penny stocks:
XSNX at 0.385
and IFLBE at 0.022
*Also note that you should sell the penny stocks as soon as you get a decent profit. Keep an eye on volume and money flow as well. If the stock gaps up over 50% and the volume is huge and the money flow is indicating that money is moving out of the stock (selling), you should sell as well! Good luck on the pennies for December and remember, don't go too crazy with them. They are highly speculative and risky. Play only a little money. I plan on buying a little bit of both as well. Good luck on it!
posted by Nick M. @ 5:52 PM
2 Comments:
Hey Dave!
Good to hear from you! How have you been? Swamped with hw and exams? Same over here! Its a miracle I have time to even look at the market!
Yes the market needs to pick it up! Less than 3wks till X-mas season, and I need some cash! Lol, jk. But seriously, December needs to kick it up a notch! The weather in NYC is getting cold. We had some snow this morning (nothing crazy). How is it by you? Any snow?
I agree the natural gas sector will continue to be hot once the consolidation is done. I also like heating oil and I am looking to play some heating oil options (we'll see). Also the Oil Service Industry is still hot (like GRP, DRQ, NGAS, etc). TIE and the specialty steels are still ripping it, its amazing. Also the CME and NDAQ is nice too. I like the NDAQ more right now. GOOG is fine as well, but it needs to relax before the next leg up, I don't think it will dip below 400, so its safe for now. Anyways Dave, thanks for checking in! Keep checking in. I know the blog is still coming along slow for now but I will pick up the pace once I have more free time.
Also I'm glad you liked the illustrations and photos! I found them amusing as well! I thought they would add a bit more to the blog! Thanks for the props! Later Dave! Take care and good luck with the tests and stuff! I'll talk to you later!
-Nick
I agree about XSNX, FreeStockPicks
thats why I picked some up at high .40 cent range. I am hoping I didnt catch it too high. Now although I am expecting it to go up, I think that blindly not selling and just shooting for a 1000% gain is a bit overoptimistic and careless. $h!t, if I see XSNX breaking down, I'm selling! I dont care if I only racked up a 5% profit. With pennies, its all about jumping ship before that ship sinks!
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