June 4th Review

Positions traded for a gain : none
Positions traded for a lose : none

Holding positions : MPG / VG / EXXI / NWD / ACLS / BQI / MXC / DPTR / FTK / ANDS
I didn't buy or sell any shares today.

ADNS news were out today, Anadys to cut 40 pct jobs, suspend drug development. I think this is not bad news at all. Their problem was equity infusion and that part is out of way, their testing should be on schedule. Need more patience on this one will add more under $1.80 area.

All my oil stocks were doing great, and ACLS volumes surged once again today, will be interesting day tomorrow.

VG/NWD still behind, need MUCHO patience :(

The Dow Jones industrial average rose 74.96, or 0.9 percent, to 8,750.24. The broader Standard & Poor's 500 index rose 10.70, or 1.2 percent, to 942.46, and the Nasdaq composite rose 24.10, or 1.3 percent, to 1,850.02.

Today was another big rally day for bio stocks, I saw GREEN 30%-80% everywhere.
People forget about oil stocks because of it. Crude Oil reached almost $70 a barrel today but too many lagging oil stocks out there in my sight. People always chase it when up too much already.

Buy When Nobody Wants To Buy & Sell When Everybody Wants to Buy.
Example chart below-----------



Dow finished well above 8700 mark, this is good thing that holding 8600 level but tomorrow is Friday and I think market will move side way. Good Luck always!

-Market Hunter-