Ok so I didnt get out of MESA like i thought I was going to. But, it ended up being the best move as it closed at .67. I really do think this is gonna keep going down so I may just put up a stop loss and play it out. The people over at TheMarketKid lost quite a bit of money on IMB. I’m glad I stayed out of that one. UBET kept going up. It did have a brief break in its increase but its still going up. When this does come down it should be a pretty good gain. NTHH dropped considerably. Its a good .25 gain for anyone who found shares. TSYS is down for the day. Tomorrow morning is possibly a good chance to short into it. Be careful for any strength though as earnings could still propel it higher. KBX also rose today. Ill be watching this one to bounce off of the $2 mark. Hope everyone made a lot of money today.
May 12, 2008 at 4:55 pm
Hey,
Yeah, it seems like a bunch of people got screwed on IMB today over there. One stock that interests me is APP. Purchase a lot today and tomorrow they have earnings coming out. The company is way under valued, the stock should probably be at 12.5 or so. I know you are working with a small budget so it might not be your think but I thought I would give you a heads up.
Z
May 12, 2008 at 7:50 pm
Thanks for the heads up. I’m sticking strictly to my short strategy right now. I havent really figured out a good strategy for long plays yet. Once I get this strategy down I may branch out a little bit but until then I’m sticking to what I know.