Wednesday, June 10, 2009

Position Review - June 10, 2009

Still no mac, so still no graphics.

General condition: Banking coin like crazy this week. Up 6% the last 3 days alone.

ABAT: Stop buy bought at where it should have broken out, but it was a fake-out. Still in ascending triangle. Still good. Hold.

COMS: Bull flag pattern ascended upwards. Upwards consolidation not very good. Hold, but watch for it to break down below handle. Set stop for just below handle at 4.71.

GLW: Poised for breakout, sitting at the top of the channel. This could also backfire and dip back down into the channel for another oscillation. Should have waited to see breakout before buying. Hold, though with stop at bottom of channel at 13.29, a good 20% down. This is not the type of position I like to be in. Might sell tomorrow. 

TRID: Sloppy. Should have sold at 2.03. My money could do better elsewhere. Sell.

XTXI: Still in breakout from triangle formation. Still holding the formation, but hasn't reached price target. Hold. 

Sold: LDK reached price target. TEN reached price target. 

Potential buys: LDK forming a tight bull flag. Stop buy set at 14.35.

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