June 2nd Review

Positions traded for a gain : sold SMCG 25.93% for $3500 gain
Positions traded for a lose : none

Holding positions : MPG / VG / NWD / ACLS / BEE / BQI / MXC / DPTR / FTK

Today was a just consolidation day from yesterday's big rally. Most of indices broken previous resistance but not really much. We shall see what happens tomorrow with this move, possibly back to 8600 mark again or go up higher, never know. Either way, we going to see more uptrend for next few months. I think we can see 9,000-10,000 mark sooner than I thought. Oil settles above $68,which is good for my oil plays^^, and dollar continues dropped.

I sold SMCG today, not greedy, gained 26% from my first entry :)
and picked up some FTK with this money.

FTK - another oil related stock, Oil driller. With current oil price, this thing is dirt cheap here, back in Jan 2009 when oil was at low 50s, it was trading around $4.50, and now $2.50???? Can you believe this? I think it is lagging big time here and will noticed soon with oil momo.

어제의 빅 랠리에도 불구하고 오늘 장은 제 눈에는 굉장이 좋아 보였습니다.
물론, 4일간의 연속 랠리와, 지난 몇달간의 상승이 조금 부담스럽긴 하지만 중장기적으로는
상승세를 예상해 봅니다. Don't chase any stocks, they will pull back 이란 말을 해주고 싶군요. 몇달간의 상승이 있었으니까 어느정도의 풀벡을 예상하셔서 신중하게 플레이하시기 바랍니다.

-Market Hunter-