Wednesday, May 23, 2007

Plays for May 24

Two longs and one short for tomorrow.

Long OMR 6.68 hard to say how much the sunken treasure is worth to the company but shares continue to sell off

Long ABAT 2.23 otcbb, sell off after the good earnings report last Wednesday

Short GPIC 14.28 talk about reversal of fortune

Recap:
XFML reached high 7.70 but ended -0.1%, maybe be bottom here , keep an eye on it

PCSV +11% gap up open not playable

Chasing momo:
CGPI in 11.41 out 11.54 popped on no news so the move was sold back down

SPC in 8.48 holding as it appears to breakout on the daily

ARAY in 24.99 out 24.58 entered near the high, tried to exit with a limit order 24.65 but didn't fill

JDO in 1.86 out 1.79 didn't get filled on limit 1.83 exit, it reversed and ended 1.95

One win and two losses did not make for a very good day.

ESRG dropped from 2.42 to 2.17 in a matter of minutes, reversed and ended 2.35, looks like another rinse job, will be looking to sell off a partial soon to lock in some profit.

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