Taking Some Profits....

I took advantage of the morning gap up and decided to sell ASTM and STEM. While I still like these stocks, I feel as if they need a bit more time to work on their chart/base before they have enough fuel to head higher. I may also consider re-buying them if I see some sort of pivot point forming on their chart. I do believe that these stocks will head higher by January of 2009 once Barack Obama begins his presidency. If he gives the nod for stem cell research, you can bet that these two stocks will hit dizzying heights.


ASTM: Out at 0.63 Gain= 12.5%


STEM: Out at 2.12 Gain= 9.84%


Update: Of course, I sell both stocks a bit too soon.