Thursday, May 30, 2013

Vrrrring! Vrrrrring! Do you Hear that ?

That would be opportunity calling!
 One of my long term swing positions finally had a news announcement that is probably a game changer for them moving forward. $VRNG one of the most hated stocks I have ever owned has announced it entered into a license agreement and settlement with Microsoft. I have been adding shares @ or below 3.10 for the last year on occasion and today it appears that investment is beginning to pay off. Don't get me wrong I have traded in and out of this stock as well and it has been very good to me!!  It will be fun to see where the share price goes moving forward. I believe this company is just getting started and eventually will be a great long term play.

Yesterday, I only took a couple trades one in $CLSN and near the end of the day one in $HL. $CLSN turned out to be a good call and I owe it all to @Naonettrader off of Stock twits. He actually brought my attention to the stock last Friday suggesting I take it for a swing. I did take it however, I sold it on Tuesday after a small pop only to pick it back up again yesterday. I scaled out most of $CLSN on the way up scaling out my last portion @ my target price of 1.50. I still hold some shares for the lotto play. $HL I sold for a quick scalp near the end of the day and I hold a couple hundred shares for lotto.

I tried desperately to play $FNMA and $FMCC for a bounce play after the huge sell off but I miss timed the entry and could not get a fill on either of them as they just kept climbing. There was no way I was going to chase them after the fall they just encountered so I had to sit on my hands and cry as I watched them both bounce up over a dollar from where I tried to enter. I may not have gotten into the trade but @ least I had the right strategy. That is worth something isn't it?? I know, I know > Me = LOSER !!
 Hey, it happens, give me a break will ya!!

Gold and silver miners all look like they are trying to find a way to reverse the beating they have been taking over the last year . Keep an eye on the entire sector.

Stocks on the move and others that caught my eye

$VRNG pr, $LXRX flat top breakout, $SQNM pr, $SGYP 5 dolla holla and upgrade,$HSOL 2 dolla holla of earnings, $IQNT off pr, $MVIS like the daily, $FXEN like the daily could be getting close to a bounce spot , $RVLT continuation, $MUX flagging right under the 50day, $TRX 3 dolla holla and testing the 50 day, $MERU testing 20 day and 4 dolla holla,$ACTV 7 dolla holla and 200 day crack, $PVG like the daily,$RGLS  like the daily, $MACK looks hot looking for 50 day crack, $OCZ pr,$LEDS   , GLUU pr   $CLSN going vertical , $MNKD, 

Seeking Alpha
Today's Markets:
In Asia, Japan -5.2% to 13589. Hong Kong -0.3% to 22484. China -0.3%to 2318. India +0.3% to 20215.
In Europe, at midday, London +0.2%. Paris +1%. Frankfurt +0.6%.
Futures at 7:00: Dow +0.1%. S&P +0.2%. Nasdaq +0.1%. Crude -0.4%to $92.74. Gold +0.4% to $1384.70.
Notable earnings before today's open: BIG, COST, EXPR, FRO, GLNG,JOY, YGE
Notable earnings after today's close: CPRT, GES, KKD, LGF, OVTI,PANW, PLL, SPLK
Briefing.com
Today's Upgrades:
CompanyTickerBrokerage Firm
Triangle PetroleumTPLMGlobal Hunter Securities
TC PipelinesTCPLadenburg Thalmann
EcopetrolECTudor Pickering
Ironwood PharmaIRWDWedbush
Republic ServicesRSGWedbush
Noble CorpNERaymond James
RaytheonRTNGoldman
ClearwireCLWRRaymond James
Northrop GrummanNOCGoldman
L-3 CommsLLLGoldman
Ruckus WirelessRKUSNeedham
Allianz AGAZNomura
VolcanoVOLCJMP Securities
Diamond OffshoreDOJP Morgan
SunPowerSPWRGoldman
First SolarFSLRGoldman
Fusion-ioFIOCredit Suisse
Statoil ASASTOCredit Suisse
Cracker BarrelCBRLBofA/Merrill
FacebookFBJefferies

Good luck trading today !!!
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)