June 5th Review
11:51 PM Posted by MH
Sold BQI for 3.6% $400gain / MXC for break even / DPTR for 34.66% $3050 / EXXI for 16.96% $1650
Positions traded for a lose : none
Even oil prices briefly surpassed $70 a barrel, I sold all my oil plays without FTK, too some profits for reorganized my portfolio.
Holding positions : MPG / VG / NWD / ACLS / FTK / ANDS / GFG / GNVC
Like I predicted yesterday, Stocks end flat as unemployment rate checks gains.
Stocks have rallied sharply over the past three months and I still believe stock market should keep rising. Market holding and closed above 8700 mark today.
Two things that I worrying about is commodity and oil prices, which can lead to inflation.
Ok, STOCK OF THE DAY - ACLS
I've been holding this for about a month now, first got in @ .51 and drop to .37, actually I DID average down at .43, holding 40k avg at .47. I mentioned yesterday about breakout points at .50, it broke today afternoon and flys to .66 and closed at .58. Another Patience WINNER.
and here is today's picks
GFG - dangerous play, high risk/ high return. Every index fund sold GFG yesterday on the S&P deletion. Yes, it is bad news but I think it won't take much time to back up. BK risk, even it goes BK, value still at around $0.10-15 or goes to $1 with capital infusion news. Don't follow this one if you can't afford.
GNVC - I think additional phase 3 results to come out soon, phase 3 data pancreatic cancer increase survival rate by 70%, fast track FDA drug approval process, final phase 3 result should be out soon. It can be another DNDN or follow AGEN.
ah,,so tired today, have great weekend and see you on weekend updates!
-Market Hunter-
