Sell Signals and Covered Profits In Junk Portfolio

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May 19, 2009

junkport2

At the close both SRS and FAZ went on buy signals and now I see in the afterhours BAC did a secondary priced 10%+ lower than its close AND HPQ is lower in the AH.

srs5

faz5

This might be a spot where I’ll look to get short again tomorrow and I’m not looking for armageddon either.

I bought HOTT, FDO
I sold NVAX

I own SPPI, ARNA, GMO, EVK, CBRX, YSI, BLDP, CRIS, SYNM, KLIC, BCRX, ETFC, HOTT.

I liked the way gold acted today. SA, DROOY, and GFI all moved well. I like RGLD as well.




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