07-18-2008, 04:31 PM
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Registered User
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Join Date: May 2007
Location: D' burbs
Posts: 1,493
Rewards: 40
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Today's action
I haven't been keeping up with posts as I trade lately. I'll work on it.
Today was so niiiiice. I missed yesterday's pummeling of SGLP but I caught a short when it bounced to 9.50 today. Finally covering @ 7.41 for +2.09. The news hadn't broke mainstream but this company's looking at "liquidity issues" and it got killed for it. Could be bankrupt soon unless they can find funds.
Anytime you see "liquidity issues" or "concerns" it's practically a invitation to short.
Around 2:15, MF announced they actually have money and their credit rating is ok for the time being. Grabbed some @ 5.18 and it exploded hitting 6.50 twice before settling into a 6.20 close. I'm holding into Monday looking for more as the news filters through. Love to see 7s on an early morning pop.
QXM had a nice close into highs.
Almost bought URRE again today when it dipped under 2.50 but wasn't confident about it. Setting up a nice base on the chart. On the radar.
Have a great weekend fellas.
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