What Worked Today 5312007

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May 31, 2007

Being long. Making a little bit more today as some indexes extended their moves. The NDX and R2K were stronger today as the Dow and SPX take breathers from the recent leading position. I’m still long looking for the week to close out strong.

DEPO – Down a little bit today.

NEXM – Up a little today.

JMBA – Up a little today. Love the volume pattern though. JMBA traded more than two times average volume(20) and the stock was up only .04. I think its going to pop again very soon. Then correct, then run, etc. etc. Whatever pattern JMBA trades in the future, this “may” be the bottom. Hopefully I’ll have the wherewithal not to sell it too early ala BPA.

Not being in ONT. The stock was down ANOTHER 6% today. The hot money is taking profits. Similar situation to what JSDA is going through. JSDA might have a little more to the downside still. If they want to fill the gap on JSDA its going to hurt for longs.

HRSH – Up 6.7% since the buy point this morning. Heres a nice chart of HRSH’s trading action today.

Hirsch International Corp

AIS – I bought some of this stock today. I’m up .25 cents since my buy point :) .

SMDI – I bought this today thinking it was breaking out. According to my chart research it should be breaking out. There was a nice 5min vol bar at 9:30. The stock shot up and was immediately taken back down. Don’t know if it was short covering or not.

BUF – Moved back up a little bit today.

Since tomorrow is my sell day for my yearly portfolio, I will finally be free of these stocks. The yearly portfolio is down a little more than 10% from when I bought in on July 7th. I can’t wait till my money is free again. The portfolio is going to need a huge boost from one or more stocks tomorrow to make up the 10% loss.




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