Thursday, May 17, 2007

Plays for May 18

One long and one short on tap.

Long TEXG 1.95 otcbb huge runup couple a weeks ago from 0.40 to over 4 bucks, no news out to account for the recent selloff so it's just profit taking

Short CVTX 11.28 hard to tell which way it's going to go

Recap:
NTRZ openned gap up and went down from there, finished about even

RPTN was playable, got as high as 1.40 finish +2.7%

Chasing momo:
YHOO got stopped out from yesterday -0.40

ONT in 3.88 out 3.78

CVTX in 11.23 out 11.32

NVTL in 21.15 out 21.01 got in way too late after gap up open

LXK in 56.78 out out 55.43 got in too late

TTGT in 15.14 out 15.16 new ipo, good thing I was able to set stop trigger at even

DUSA in 4.76 out out 4.37 and 4.46 got in late and started to tank immediately, should've bailed with a stop but didn't, down to 4.20 and came all the way back to a high of 5, I was selling on the way back up, feeling was may not get another chance to sell, that it would tank again.

CAAS in 8.40 and set a sell trigger to lock in profits at 8.71 but inadvertently set a buy trigger and ended up with another position as it continued to slide. An hour went by before I realized what had happened and sold at 8.34. What a mess that was, turned a profit into a double loss. I've never had some many order entry errors as these last two days, something is seriously wrong.

OMNI in 10.39 out 10.43 moved stop up and got shooked out

ANPI in 7 out 7 spiked but didn't run , got out even

ESRG bought a small position 2.02 after the rinse out early in the day.

Today was another disaster. I better stop chasing momo for a while and get this evil thing or whatever it is out of my body that is making all these order entry errors. Good thing I got a big job tomorow to keep me away from the slotmarket for most of the day.

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