Monday, May 14, 2007

Plays for May 14

Two longs for tomorrow.

MAMA 4.50 hit by earnings

VGZ 6.52 merge with another company, reorganization resulting in mispricing, not good

Trigger to buy MAMA 4.53 stop 4.42

Recap:
CRYP opened gapped up, trade didn't execute, up 4.1%

GLBC -3.2% good thing I didn't do this trade, opened green for 40 minutes and went downhill from there.

Chasing momo:
GERN in 8.16 stopped out 8.20 good entry but stop too tight was a mistake, reached high 8.78

PIR in 7.73 out 7.74 didn't run

CAAS in 8.02 out 7.44 Ouch, bad trade all the way around, failed to put in stop was the major blunder.

PRST in 6.50 out 6.69 didn't sell one third by accident, luckily it closed 6.82, got in 4-5 minutes too late, exit wasn't too bad. Entered trigger sell 6.79

CLZR IN 11.70 out 11.50 was moving up too fast for a good entry

Today would've been a push if it wasn't for the CAAS disaster, not happy with my performance at all.

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