Wednesday, January 4, 2012

Trade Updates - MSFT, X, NLST

My prior blog posts highlighted Microsoft, MSFT, which recently broke out of a long-them wedge pattern to the upside and leads me to believe that it could reach the $30 mark in the next month or so.  Unfortunately, I sold my shares around $26 for a small profit.  If the shares pull back to retest the breakout, I may consider buying with a longer term perspective.

Monday's blog highlighted US Steel, X, which had a strong gap up on Tuesday Since I don't like to chase stocks after big gaps, I didn't get in for this move. The stock looks like it might hit the $30 target.


On Monday, I also mentioned NetList, NLST as a potential dip-buy.  The stock moved 13% higher today. We'll see if it can get to my first target at $3 in the next few days.

Feel free to comment. I love to hear feedback!
~JP

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