Back In CPST and Loving The Late Rally

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May 28, 2008

Today’s action was depressing until the last 20 minutes when everything bounced.

Got back into CPST, but not to the degree the last time I bought. This is more like a 1/3.

ABAT – Was garbage today until afterhours it made a new high.

Of course after I sell EWZ (yesterday) the thing rallies 3% today. I wanted to get back in today, but I held back.

Bought: CPST, ESLR, and ACOR.

ESLR was supposed to make that stock list I posted a few days ago, but in an effort to trim my stock lists I left it off the post. However, it was still in my head and when I saw it go today I jumped on board.

Another stock that was on my initial screening that was left off the list was ADLR. However, I didn’t include it. I bought into ACOR today which did make the final list. Both look good, but ADLR looks like it can move immediately.

CPST looks ridiculous here.
The late rally saved the technical picture of the market. If it continues up tomorrow the up move is still on. I’m heavy long so thats where my head and money are.




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