New Buys...

New Buys: IMGN (in at 7.01), LCI (in at 5.74), STSI (in at 4.22), WSTM (in at 0.31)



Added To: ANDS, ARST, CSKI, LZR, OPTR


Watching: ANO, CKSW, COOL, CTIC, CXM, HGG (on a dip)

A bit of a Reversal...

Although we still closed mainly in the positive, all of the indices are bit off their morning highs. Profit taking and the absorption of the positive events may have been the biggest factor. The charts on the indices look indecisive. At this point we can either find support or resistance at this level. Whatever happens, make sure you are prepared and act accordingly.

One stock that sold today was my trade in EEE. I never had a chance to really mention this one, but I picked up a small position in it on 3/16 at around 1.05. I had been holding onto it patiently and decided to sell it today as the chart showed overbought conditions. I ended up selling it at 1.53 for a 45% gain. Not too shabby for a short term trade. If the stock continues building its base, I may jump in again for a longer term trade.

APAC also did rather well and I decided to sell this trade as well for a 64% return (in at 1.70, out at 2.80) I may rebuy APAC as well if it comes down a bit.

Other winners: Most of my mining/precious mineral related stocks are doing well.
AZK, IAG, NAK, RIC, UXG

Some New Trades...

I placed a few new trades this week. I tried to resist the urge to add new positions, but there were several stocks that I just could not pass up. I will post the new trades later on in the evening.


New Buys: APKT (in at 5.74), AVRX (in at 0.47), AZK (in at 4.12), DROOY (in at 9.45), IAG (in at 7.65), KONG (in at 5.16), NAK (in at 5.77), PIP (in at 3.01), RIC (in at 3.07), UXG (in at 2.00)

Sold for Profit: TIS (+27%)

Added To: ANDS, BBND, OPTR


Watching: CACC, CGR, COMV, COOL, IMGN, OCN, RGR, SWHC, XIN, ZICA


Thinking of adding to: LNG (if it breaks out above resistance)

Wish I hadn't sold: STSI

Keep in Mind...

Despite the overall bullishness, it is important to keep in mind where we were just a week ago. A few sessions ago, everything seemed all doom and gloom. You couldn't find a single piece of positive news. Even know, a majority of the news is still negative, but despite this, most believe that the markets are oversold and thus, bargain hunters have stepped in. While I do believe that buying some stocks now is a good idea, do not over do it. We are not at a real bottom just yet. Most likely, this is a temporary bounce.

I left my internship early today as I have been feeling a bit sick since last night. In addition, I have a math exam in a couple of hours. I am not planning on adding any more to my current positions. I have already created a position in every attractive stock out there. Until something new comes along, I will be just simply watching.

Here Comes the Bounce...

I saw this coming from a mile away! This will provide a decent, short term buying opportunity.

New Buys: ANDS (in at 5.88), APAC (in at 1.70), INSM (in at 0.98), PEGA (in at 15.57)

Laying Low...

I am planning to lay low for the next few weeks. The last few days have been extremely busy for me. I have started a part time internship at a financial firm. Luckily, I am able to still do my trading uninterrupted. On top of the internship, I am also taking a few math and science courses to mentally prepare myself for graduate school. I also have a part time weekend job on Saturday and Sunday. As you probably can see, I like to keep busy. My main goal of course is to manage assets and investments professionally (either at a preexisting fund or via my own start up).


New Buys: ARST ( in at 11.15)