Wednesday, May 30, 2007

Plays for May 31

Two longs and one short on tap.

Long CUP 4.81

Long JSDA 18.59

Short EMIS 3.95

Chasing momo:
JOYG in 52.84 still holding, started retreating right after entry and bottomed at 51.96 almost hit the eject button but it climbed above 54 which gave me a chance to put in a stop trigger at 52.99, came within 0.11 of stopping out shortly after I left, stop reset tonight at 55.19

NOVC in 11.13 out 11.30 trailing stop way too tight, ten minutes later came a huge volume spike and I jumped in again at 12.19 and in one bar cleared 15 and stopped out at 15.60. What a rocket ride that was, even though execution was not flawless, can't complain too loudly about the biggest winner ever that took only fifteen minutes.

Will try to recap the missing days this weekend.

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