May 21st Review

Positions traded for a gain : Sold MNI 13.73% for $1000gain
Positions traded for a lose : none

Holding positions : MPG / VG / NWD / ACLS / CROX / BEE / BQI / MXC / WEL / ATRC / OPEN

Today's market was another rough day, Dow losing almost 130 points. In fact, we bounced nicely last 20-30mins of trade. I still believe that market has some strength here. In this market, I'm gonna be a quick trader, either way (buy/sell). Personally, I like market's situation right now though, I can find better undervalued and potential stocks easier than bull market times.


I bought 10k MNI @ .73 and sold @ .83 for $1000 gain (easy money)
and also bought ASTM @ .38 with MNI money :)
and just before market closed, I picked up some OPEN 200@ 32.50

ASTM
in GERN stemcell momo, GERN up 50% last few days and ASTM should follow this quickly.
Closed @.42 today and will move higher tomorrow.

OPEN
New IPO stock today up more than 50% today.
This might played by hedges and only 3mil floats. It's gonna be a dangerous gamble type play, so stay out of it if you can't control. It will defenitely suprise people either way up huge or down hard tomorrow.

Tommorow's Watch

GM - I really can't believe this movements last few days. I usually don't short, but I will try this one tomorrow.

MRM - This impressed me, making new high every day, still watching on this.

오늘도 sell off 가 있는 날이었습니다. 그나마 마지막에 조금 회복 됐고, 내일은 보통 금요일과 다르게 연휴가 있는 주말이라 short 한 사람들이 어느정도 커버를 하지 않을까 예상해봅니다.

Good Luck

-Market Hunter-