Trade Journal

New Buys: VMI (in at low 81), ETEL, SYNO, SBEI (jumped back in at mid 6)

Possible Buys: EXPO - it reported decent earnings of around 40%. Let see how it performs near the end of the day...

Added to: PENX, SIF, SLT, ARTW

All of the new buys are exciting and interesting plays. For instance, there has been some chatter that SBEI may be a high tight flag candidate (which remains to be seen). VMI has just reported stellar earnings. VMI is not well known by the street so institutions are slow to snatch it up, hench the low volume. Still, with a 53% increase in earnings, you can bet that VMI will head higher from here.


Update: 12 PM
So far, my VMI and ETEL trades are working against me. I jumped into ETEL a little too quickly. It makes an even better buy now while it is slightly above the 10 day MA. VMI is experiencing some mixed action. I expected the stock to react a bit more positive. Where the earnings not as great as expected? Did they guide lower. I should look into all of this. In addition, my adding of SIF was poorly timed as well. Still the chart is a beauty (may shape into a tight flag-like pattern) and as long as the stock bounces off of the 10 day MA, it should be fine. SBEI is still doing fine. I have to keep a close eye on SBEI as it has a very volatile nature.

On the other hand, stocks such as SYNO are doing fine. I also added more shares of PENX, SLT and ARTW. I may also add more of KTEC if volume picks up. I still haven't made a decision on EXPO.

Update: 3:30 PM

Added To: PRGX (I've been holding onto this one for a while, watching it trade sideways. Finally, it seems that PRGX is building up some more momentum...

Sold for Profit: PSMT ( I sold a little bit of my position as the stock is not acting right), RRST (sold some of my position. I still like RRST as it is a top quality CANSLIM stock. The only problem is that it has some intermediate term weakness that it needs to get over)