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28 Sep

4 Swing Trades Open Into Wednesday September 28, 2011

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QPSA has been going well for us so I’m inclined to let it ride. Recent news gave it a bump and the overall market has been helping as well. I’d like $1 – $2 per share on this trade, but as always it’s good to get paid so $.50 will work too if I suspect we’re heading back down. Daily assessment but right now I like our entry.

COOL is trading sideways despite the market going up. That’s not the most ideal situation, so I’m watching close for added weakness or short sellers coming in. If I sense $2 will break I’ll cut my losses. Right now I’m up a $200 on the trade.

GLUU has flirted with support around $2.60 but it’s also climbed above $3 as well. Tuesday when the market rolled over it gave up some gains which is normal. Down $200 here I don’t want to see GLUU below $2.50 or I’m out. I’ll add another 3k at that range and cut it all if it doesn’t bounce. GLUU is one I’m hoping to be in when it climbs before earnings Oct. 31st, so if this is the bottom then I think we’re all good. I just don’t see it breaking $2.50 before earnings.

GRHU hasn’t jumped as high as I thought so I’ll look to get a smaller profit on this one today. Volume continues to build but resistance is holding so it’s also a short opportunity if it doesn’t break the $.60 to $.70 range soon.

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