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13 Sep

Tuesday September 13, 2011

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AOL rumors continue to float and while I’m not much for merger plays, right now my position isn’t hurting me so I’ll let it ride. Support at $14 held yesterday, so if the market is soft today that will be my add and cut loss area Tuesday.

AAGC looked like it was heading higher but then fell quite a bit before being walked back up. Goal still remains $1 on this one, but I’d be happy with $.90’s too after yesterday.

CNTF took a hit yesterday breaking support, but since the market was selling off I decided it wasn’t time to panic. Sure enough the rally lifted shares back up about $.16 off my entry or $800. Futures are down right now, but I’m thinking we go up today. At this point yesterday’s close is my tentative stop.

EVGI is rumored to be a promo today, if not it’ll probably sell off quickly. News last night makes it a candidate but guessing promo’s isn’t easy as you can see so I still don’t have my hopes up. If it is a promo, I’ll try and get $.90 to $1.00 out of it before moving on. If not, then it’s time to consider cutting my loss here.

LOCM hit $2.85 a few times yesterday but then market conditions pulled it back down. Closing at $2.85 with the bull run, a market rally should close us out green here.

STM is my long term pick so not much to say here because it literally trades with the markets. I’ll add another 5k but not at these prices, I’d like it in the $4’s should it ever go there.

SIRI is doing what SIRI does. Tried to by 10k on the bid at $1.66 yesterday but no fill. Then I tried $1.67 and no luck either. If the market is down, this is one I’d love to grab at the low, maybe $1.60 before it turns back up. Recent price action support is my stop on it.

Grabbed 1k GLUU yesterday at $2.99 to feel out a trade with the intent of buying 4k more, but shares dropped through support just as I was buying so I canceled my remaining order and no alert due to support break. $2.90 break and I’m selling, I’ll add into a stronger market.

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