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13 Jun

Monday June 13, 2011

by

Momentum Stocks

5k GLUU at $4.67 after selling 2.5k Friday on the dip and adding some back at support to lower my average. If you missed it, GLUU was added to the Russell Friday night as suspected with will not only guarantee institutional buying but also encourage shorts to get out as soon as possible. Currently as I type GLUU is gaping at $4.80. Goal is low $5’s with a mental stop around $4.67.

100k GSTP at about $.14. Goal is between $.19 to $.24 in the short term.

75k XSNX at $.07. Target is $.086 to $.096, I’ll add more on a dip.

50 SHMX at $.13. Target is $.18 to $.20, I’ll add more on a dip.

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