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27 Sep

Tuesday September 27, 2011

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Resting comfortably with 6 swing trades currently open with a goal of starting to take some profits today should they turn green for me. Most entries seems to have been at or near support so I’d expect all of them to end up being some sort of positive gain.

COOL and QPSA have turned out to be the strongest so far with GLUU testing support Monday in the $2.60 range. All tech stocks were down Monday as the NASDAQ struggled at times so I’d today’s bounce to bode well for our plays. Support points I’m watching are $2 on COOL, $3.70 on QPSA and $2.60 on GLUU.

LYSCF is my metal bounce play and yesterday’s 5k block was only a starter as I drift into the trade. I’ll take more shares at $.80 if it gets there.

GRHU is my promo play and I’m looking to score 10-20% on that this week.

SIRI dipped yesterday with tech stocks so I grabbed 10k more at $1.64. Remember in my first alert I said I was bidding 10k more at $1.65. Turns out $1.61 was tested yesterday and held confirming support at $1.60 is still good. A break of there is my stop with a goal of $.10 to $.20 per share or $2 – $4k profit from here.

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