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#1
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Couple of trades
Just got home, limit orders kicked in:
Covered 400 sh NBR @$31.10 (shorted at $31.61) for a $204 gain Bought 300 sh EXPD @$46.06, may hold longer term if pattern holds. Holding 500 sh ONXX @ $27.82 Holding 4 sh SEB @ $2311 |
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#2
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Bought 1000 sh ONT after hours @ $2.22
Strictly a momentum trade. The stock was hammered today for almost 12%. Unless the market tanks and drags it down, I expect a bounce tomorrow or the next day. News of the reverse split is not being kind to them. Stop loss at $2.03 just under the May 1st low of $2.05. Last edited by Goods; 07-18-2007 at 04:22 PM. |
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#3
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Got home very late today and missed a lot of good action.
Just sold 1000 sh ONT after hours @ $2.30 for $80 gain. Shorted 500 sh OPXT at @14.75 on an open limit order. Closed @ $15.42. This stock has been ridiculous, up from $13 on the July 10th breakout. 385x P/E and 16.5 PEG! No way that can hold up IMO. I've been on the wrong side of the short twice now but I expect profit taking soon. Holding for now. Holding 300 sh EXPD @ $46.06. Closed @ $46.90 and broke $47 today. Holding 500 sh ONXX @ $27.82. Closed @ $27.17 Holding 4 sh SEB @ $2311. Closed @ $2250. This is below the June $28 support of $2260. I may have to bail if it doesn't pick up. On a side note, SEB controls Carribean shipping. When Castro finally kicks, it should get a big emotional jump. Stock shot up when he had to hand over control to his brother last year. The actual business boost won't be much as Cuba is dirt poor. |
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