Wednesday, May 12, 2010

SCLN Closed Out

I closed out this afternoon at $4.0101, too big of a run to not have a correction.  Its basically gotten back to where it was before those two bloody days, not really feeling like risking the profits.

Been Busy

I have been really busy with work, and haven't been able to post updates etc, so here is quick logging of some trades I've made:

ASTC

I made a stupid, stupid entry at $2.66 thinking it was sold off way too much and it was more out of boredom, I had no analysis as to why to enter here, and had no stop loss entered.  Tanks to $2.26 on that bloody Thursday/Friday last week, I pick up more to average in at $2.46.  1200 at $2.66, 1200  at $2.26.  Sold at $2.57 on Monday for +$222.  This was a horrible trade and the sell was even more of a 'get me the hell out of this'.

SCLN

I need to post a chart to give me better analysis, this was also another somewhat ill-conceived trade.  I had an alert for this at $3.51 on some support I drew up long ago.  I watched it intra-day and it looked like it had bottomed out at $3.36 earlier, so I bought when more support was forming at $3.48.  Still holding, as I watched it drop to the $3.20s.  Again, no real hard analysis on this, just saw it was incredibly oversold, and hitting my support range.  So I bought 1000 at $3.48.

TLR

I should have sold this one off, but considering I locked in some profits on it already, I felt it was okay to give it some time to consolidate and it actually held up pretty well during the huge sell-off.  I again have no plan of action! 

I need to re-evaluate my positions and get a plan in soon.  Just no time to do so right now.  Luckily, these have held their ground so far.

Saturday, May 1, 2010

TLR

The tiny pullback yesterday on large volume gave me the impression people were still buying in this range - almost like shares were exchanging hands.  Today we regained what we lost yesterday again on large volume.  It seems as interest has picked up on this stock and I feel like I need to let it play out.  If it ends up leaving money on the table then so be it, there is just something about how this stock is moving that gives me the feeling there is more upside .... but so did URZ - which I must say ended up closing yesterday up much higher than where I sold, but trickled down again today.  Exiting that position is a good move, but sucks that I could have done so much cheaper.  Need to stick with the stop losses.