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20 May

Friday May 20, 2011

by

Momentum Stocks

As always, thank god it’s Friday! Looking forward to catching up on some much needed sleep tonight.

Going into today I am down to two positions, the way I prefer it to be.

50k GSTP at $.165 in my main account, 25k at $.13 in my challenge account. Relatively small positions and I’ll wait this one out until it hopefully starts trading actively again as planned.

2.5k PAL at $3.76, perfect chart for a short term reversal here. I’m down $240 on the 2.5 block I sold when it dipped but I’ll add to this position if I start to see it climb from here.

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