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11 Jul

Monday July 11, 2011

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Heading into today I’m only holding two positions and I don’t expect to exceed 3-5 positions at a time and usually 1-3 depending on the type of trades I ‘m holding.

75k XSNX at $.07, currently $.074, goal $.08-$.10, stop $.06. This was a bid buy which means I sat on the bid until filled at a price I believe to be support. Once filled I simply wait until the stock reaches my goal or stops me out. Sometimes this works in a week, sometimes it takes several months.

Friday I was in chat for a good part of the morning and added another bid buy PPRTF. 10k at $.60 on the bid and I’ll be holding this one short term.

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