Friday, May 29, 2009

May 29th Review

My picks from yesterday were 3 of 5, for a 47% gain. (15.7% compounded)

Picks that were triggered:

HDY - "The spike today was borderline ridiculous...I'm a seller on any negative move in the next few days." - Gain of around 27% on this easy to spot trade.
GGWPQ - "Bill Ackman is promoting this company as the next big thing to buy. Remember the rule, buy the rumor, sell the news." - Gain of almost 12%...even touched around 2.40 today.
CERS - "If you can find this stock anywhere near 1.15 tomorrow, I'm a buyer...it should test the 1.50 mark over the next few weeks." - Gain of around 8% on the move today.

Picks that were not triggered:

OMNI - "Over the long-term, this stock will fail if they keep this much debt on their books with the lack of cash on hand." - Mixed move today; that should lead to selling down the road.
PERY - "I'm liking the breakout over the 200-day MA. I think a buy here with a target price of $10 and a sell stop at $7.50 works nice." - Keep it on the radar.

Okay, that does it for this week of trading...here's a video for the road:


MK

0 comments: