What Worked Today 2122007
To free up some cash I sold all of GSS for a 15% gain. I will revist that stock in the near future. I still have a full position in NXG (look for it to do the golden cross this week).
Sold the HANS position for a quick snipe of 3% today. My trigger was a little itchy, I sold this one early. A retest of 50 could be in store on the Pepsi news.
I tripled up my position in ONT. ONT perked up today and saw some accumulation. If you don’t know what they do already, check it out. IMO, one of the best "Digital Revolution" plays going forward. This stock is an even better play now that the big media companies have ripped their content off of YouTube and are putting it on their own sites. Flash Insider has more on that. To sample what ONT does for online video check out www.abc.com videos and watch Knights of Prosperity. My average is 1.23.
Bought BTRX as a spec trade. The ONXX move is going to spark some interest in Biotech in the immediate future. I’m in at 8.05.
USEG, which I mentioned before when I traded SSL, saw some heat today. Originally that was the stock at the top of the list when I went looking for beaten down energy plays, however, the technicals were not as right as SSL’s were at that time. USEG saw some heat today and bought into that. USEG is a uranium play. I’ve been burned recently on uranium stocks that whipsawed me, but the story is still right. USEG broke a trendline to the upside and some indicators ticked positive today on the action. I’m in at 5.16.
Another momentum trade I made today was LTXX. Techs look good on it. Watch for a break of around 5.56. The golden cross is about to happen on this one as well. AMAT reports tomorrow and could give a pop to the semis which are already beaten to a pulp on the short term. Note: The AMAT report directly has an impact on LTXX’s action. I’m in at 5.5.
FORG touched its 50dma today and closed positive. That stock is perking up. Techs look good on it as well. On the daily chart FORG has a pennant formation and have to see if that will break up. I’m positioned for the break to the upside with my buy at 1.45.
