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27 May

Midday For May 27, 2011

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Quiet day heading into the long weekend, here are my latest updates… not much to report yet.

Sold all 5k USAT at $2.45 for about $100 in profit when it tested $2.50 and didn’t break. Remember, yesterday I was up about $500 on USAT so I gave some back. Currently holding support but no real reason for it to break $2.50 today that I can see so I’ll walk with a green trade from start to finish. $100 doesn’t seem like much but that’s just about what I made in a day before so I’ll take it.

MOBI is playing hard ball at $9.20 a share because there is big resistance between there and $9.30. It’ll take some serious volume to push us through but I’m going to gamble and stick around. I was very close to selling at $9.23 for about a $100 dollar loss but I’m banking it might make one more run into the close.I have 2k shares at $9.05 for anyone new.

PAL is having a great day! I’m finally green on this trade and I’d love to see $4.00 today if it can just rattle off 5% more. Currently I have 2.5k shares at $3.55.

GSTP, nothing to report here really. Bid is $.13, ask is $.14 and most of the action has been selling off on the bid. I have 75k shares at $.153 and I’m looking to get out in the $.20’s.

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