Wednesday, September 29, 2010

Current Positions Update Sep 29

Below are the current positions I have open going into Thursday Sep 30.  Already took profits on most of them just to make sure I lock in some gains.  The SPX is having trouble getting over that 1150 area and I don't want to be in positions too heavily, in case the market decides to reverse, I don't wanna be caught with my nuts out!

SHOO - Currently have 1/2 position.  Could continue to move up on recent strength.



ENTR - Holding 1/2 position here as well.  Broke over 10 intraday but pulled back and closed just under 10.



FNSR - Took 3/4 profit intraday at the highs and reloaded some on the slight pullback in the afternoon.  Stock traded 2x it's average volume today and closed strongly.



SHLD - Picked up a few Oct 75 calls as a starter position.  Will add if the stock drops back a bit and trade is still valid.  Looking for it to break over 100MA and resistance area shown below.



ARNA - Just taking a shot here with a small position to see if we get a bounce as the stock has gotten the shit beat out of it.  In at 1.58 and will stop out below 1.50.



Banked all profit in $RIG Calls today and $ATPG.  Will look to reload on a pullback.

Tuesday, September 28, 2010

SHOO - Steven Madden, Ltd.

Steven Madden Footwear! - Closed at highs today on 2x the Average volume.  Over 41 could breakout hard.  Will be watching this one tomorrow.







Saturday, September 25, 2010

Stocks to Watch Week of Sept 27

LONG Setups:

SHLD - lagging market, starting to get some Momo here



ATPG - If energy starts to move, this stock could move towards the high 14's



ENTR - Currently at recent highs. Could bust loose above 10






SHORT Setups:

APOL - Looks to be topping out here.  Could be good short entry, especially if market decides to pullback a bit.




Currently holding positions (Calls) in $RIG and $CMG

Monday, September 6, 2010

Small Caps to watch week of Sep 6

Here are some Small caps I checked out during the long weekend and will be watching this week:

GSS


AKRX


SOA




HE


JOBS



Bounce / Bottom Picking Plays:

AMAG


AHS