Wednesday, April 25, 2007

Trades and Rationales

The market was up handesomely today, and I swept out the system trade stocks a half day early to get the jump on any other system traders.

Sold

CHB $10.68 The one week hold was almost over and the stock was up large today.
GERN $7.41 This my baby was up 5 days in a row, and yet was still below its 200 dma.
RSC $17.37 A good rebound for this illiquid stock, also due out tomorrow morning.

Bought

CKFR 500 @ $34.13 One week rebound play for this Buyback Newsletter stock
EML 500 @ $26.725 Ibid, only this most actives plunger dropped 5% more immediately after
purchase, so its already underwater.

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