This is an update on my recent actions.
HPQ - I sold my stake in HPQ after it hit my target of $28.50. I took about 7% from $26.67.
NLST - I'm kicking myself because I missed my entry at $3 today. This made a 10% move today and could see more tomorrow. I didn't want to chase it, so I'll just watch it go.
STAA - I put a buy order in for this stock at $10.69 before I left for work this morning. I felt it would bounce off these support levels. The trade triggered while the market was dropping this morning. The stock closed close to its lows today, so if it doesn't hold those levels, I'm going to be out pretty quick.
VLNC - I wasn't seeing any movement in the morning, so I sold on a weak bid at $1.06 from $1.05 add on Friday.
PEIX - I bought into this stock this morning on strength at $1.19 and sold half shortly after at $1.25. I had a stop order placed for $1.19, which triggered while on my way to work. Unfortunately, I sold the second have at the low of the day. The close looked fairly strong, so I took a new position at $1.23....we'll see how it reacts tomorrow.
I also took some stupid trades for losses. TVIX and CONN didn't work out too well. Sometimes, you just need to walk away from the computer to avoid over-trading. Overall, a down day for me...I need to pace myself and stick with the best setups. NLST and PEIX should have been all I needed today.
~JP
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