What Worked Today 4202007

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April 20, 2007

Being Long. Barely! NDX finished up .08 cents lol. QLD made a little bread and the UWM lost a decent amount of 1.18%.

The CBRX trade from yesterday was sweet – 20%. Bought yesterday, sold today. What made it sweeter was getting out when I did. I sold on the 11:20 5 min bar. Once it cracked the 10dma I was out. Basically CBRX gave up 17% going into the close, finishing up a measly 3.4%. Good timing.

GOOG calls. The stock “soared” after hours on a stellar earnings number. I bought the May 480′s and in afterhours action GOOG is at 486.80. 13 points higher than where I bought the calls.

TIVO – Chugged higher today. Up roughly 5% on that one.

EXTR – I almost chucked it today, but decided to give it another go.

USEG – Was down hard this morning, but came back to finish down 2.64%. Thats good, because it put in a nice hammer at its 10dma. Hopefully it will stretch its legs now.

ONT – The price is still not right. My timing on that one was really good. Got out at 2.67 and ONT closed at 2.13 today. Was down more than that today. That makes for a 20% pullback. I think it can come down a bit more. If ONT closes down another 5% or so tomorrow that will likely be a buy signal for me. I’ll have to watch it closely.




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