Being long. The indexes still continue higher. The NDX had a late run that bumped up to new highs. I cashed out Friday morning, but went back in Friday afternoon with the SPX and NDX. The spread between the two was .32%. Nothing great, but still a gain.

ABAT - Turning into GBT tomorrow, ROCKING. Up 103% since the buy.

HSVLY - Continues to make new 52 week highs. Up 26%

JAVA - Guess what? JAVA breaks out today on good volume. JAVA has been lagging and has really been one of the few stock snot making money for me. Now I’m up 5.8% on the JAVA trade. For the first time in a long time JAVA/SUNW seems investable. With a CEO thats making decisions that are to the point without alot of red tape is what SUN has needed for a long time imo. My earliest work started out with Solaris and Linux so I’ve been following SUN’s story for a long time and they finally seem to have their act together. I read this bit on Jonathan Shwartz’ blog over the weekend and I gotta say, finally!

Storage is definitely where the growth is and I think SUNW could have huge potential in this space.

Hint: QTM is in the storage space too. You could go with a WDC or STX as well. Even old storage high flyer IOM (Iomega) is acting well over recent months because of strength in the sector. IOM used to make Zip drives. I used those alot in college for transfering Adobe PSD files. 100meg max per disk lol.

UVE - Continued to roll. I wish I didn’t take my profits off, but I’m still rocking the core position. Up 47%.

AMX - Took my gains in AMX. I like the stock still. I didn’t have a sell signal on it, I just wanted to get more aggressive. Hence, CYTR trade.

HCN - I sold this REIT for a 15% gain. Gave me a chance to buy a concentrated position in QTM. Wish I would’ve split that with a QTM/CYTR position at this point, but who cares?

*Late addition: GIGM - Continues to march. Up  8.5%

1 Thing sucked today

ONT - Basically since I took my losses on the ONT position its rallied back up and would’ve had me at even right now.

Tags: 52_week_highs, abat, amx, cytr, gbt, hcn, hsvly, iom, java, ndx, new_highs, ont, qtm, stx, sunw, uve, wdc, What Worked Today