Sunday, May 6, 2012

Position Updates HPQ NEM DNKN

Here's a quick update on a couple positions.

I took a position in HPQ at $25.16 only to get stopped out at the low of the day ($24.88) a few moments later.  I kept a tight stop due to market weakness. I initially was kicking myself for the tight stop, but it turns out that may have been a good short term decision.  We'll see how it plays out, but I'm out of this position for now.

I moved my stop on NEM down to the recent lows at $45.22 primarily because I have a smaller position and I wanted to give it a bit more room to work.  We'll see if the low holds.  If not, I will sell.

DNKN - will stop out at the 50 dma.

It should be an interesting week. Protect your capital

~JP

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