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6 Jun

Monday June 6, 2011

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Well for anyone new, last week certainly shows you how tough trading can be in a bad market. A few poor entries led to some solid losses for me, luckily many of you weren’t in MOBI or KOOL but you can definitely learn from my mistakes there. One thing is for sure, those are behind me and I plan on winning this week. Heading into today I’m holding 3 stocks.

50k MSMY at $.13 after selling 20k during the day Friday even. Had high hopes of seeing $.18 here before selling but momentum was met with profit taking and the stock dipped. I’m looking for anything between $.15 and $.20 to take profit still.

91k GSTP at $.15 which seems to be moving more volume recently. With any luck this one will move up this week and I can close the position out for a profit. Goal remains between $.20 and $.30.

10k LQMT at $.54. This only went out by chat and text Friday because it started moving very quickly, hence no time to get an email out. My first buy was for 10k at $.50 and then I added into strength with an additional 10k at $.54. Then as it continued to move I sold my first set of shares for about $800 in profit at $.58 leaving me with 10k shares at $.54. I expect LQMT to move up this week as Apple heads into Worldwide Developers Conference this week.

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