Tuesday, May 1, 2007

Plays for May 2

Two longs for tomorrow.

BIF 11.70 a closed ended fund, down on some kind of offering that I don't fully understand.

SYNL 35.65 down 16% last 3 days no news, profit taking most likely, good chance for bounce, strong fundamentals being a top IBD stock, in strong uptrend.

Trigger set to buy SYNL if and when it trades at or above 35.70. Stop Trigger at 34.49

Today:
WFR did not trigger a bounce.

Bought CYPB 9.64 from Market Monitor, got as high as 10.23, closed at 9.18. I need to set stops on these. Got in way too late. At breakout level on daily.

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