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Midday Update
08 Apr
Posted by Sensei @ 10:45 am on Tuesday, April 8th, 2008 in Alternative Energy, Brazil Stocks, ETFs, Farm & Construction Machinery, Leveraged Funds, Trades
Sold:
TITN @ 19.76 and 20.50 for a gain of 3.6%, if I had a little patience I could sell here @ 20.73 for 5%+
Bought:
DRYS @ 69.51
CPST @ 2.49
JOYG @ 70.23
RUT @ 712.74, right about where we are now as I type this (12:34pm est) RUT looks like its testing support and might give one good up push today. Then I want to cash out eod if there a profit on the end.
EWZ @ 84.92 The Brazilian ETF
DAR @ 13.06
—
KKD – Krispy Kreme Doughnuts might be turning the corner here.
Tags: cpst, dar, drys, EWZ, joyg, rut, titn
View Comments
Jason
April 9th, 2008 at 12:17 am
1why did you buy CPST higher than you sold?
Sensei
April 9th, 2008 at 7:45 am
2Jason,
It looked like CPST was doing a high range pullback. Its my own made up name, but what I mean is on 4-7-08 CPST opened at 2.58 and closed at 2.46. I got out at 2.44. This may be all the pullback CPST does. Usually with strong stocks thats the case. Look at JRCC as example.
I got out too early of CPST on 4-3-08, so I have to take that into considering when I decide to buy back in.
I know this probably makes no sense and I’m explaining things with built in assumptions that I’m not conveying, but the simple answer is that I was able to get back into CPST at a price that was lower than last weeks closing weekly bar of 2.54.
I love what CPST has been doing lately, lots of orders. Technically, and I know I’m saying more than asked, but CPST’s chart is fantastic. Could have big 2 year run into the end of the decade.
Sensei
April 9th, 2008 at 7:58 am
3CPST might do a more retracted pullback…down 3 cents this morning. Ugh, might have to drop it and wait.
What Worked and Sucked Today 4102008 | Trading the stock market everyday
April 10th, 2008 at 10:27 pm
4[...] – Since the buy, up [...]
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