Position Updates - AF, MAR, HMSY, AES

Posted by IEM | Posted in | Posted on 9:23 PM

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AF - sold 1/2 of swing at 13.18, from 12.62


MAR - bought at 28.55 off a long base breakout, sold 1/2 before the close at 29.81

also played HMSY and AES, but neither got any traction... sold them both around breakeven and lost the commissions. VMW had a very similar setup to MAR, I was deciding which one to take and took MAR. I should be in both, very nice and clean chart that broke out on high vol.

my current positions are AF (1/2 left), MAR (1/2), CTFO (1/4), ABAT (1/2)... scaled out of most into profit targets, except ABAT, which hit my first level stop loss.



Few charts to watch that had strong breakouts

Posted by IEM | Posted in | Posted on 11:49 PM

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A pullback is very much needed and should create good setups. Here are a few charts that had strong breakouts and I will observe its pullback (if it does) over the next several days:


CEU

CYD

PDS

PDC

SQM


Stopped out of KONG

Posted by IEM | Posted in | Posted on 11:47 PM

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Stopped out at 12.92 today

Some charts for 1/11/10

Posted by IEM | Posted in | Posted on 12:57 AM

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WATG


FMCN


CALI


PENN


HITK


GMXR


MSPD


Others to watch: EGI, THM, PUDA, VVUS, HEAT, HPJ, MTL, KONG, RAX, AF, CRZO, HL, ATLS, PENN, LVS, CTFO, STP (too many setups, might be too frothy here)

Adding to my watchlist

Posted by IEM | Posted in | Posted on 11:55 PM

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GHL - worth watching here... 80 is support area on weekly chart


Couple more charts on my watchlist:

Posted by IEM | Posted in | Posted on 2:30 AM

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CTFO - watch for a breakout over 10



FNFG - flagging after breakout

New positions 1/8/10

Posted by IEM | Posted in | Posted on 11:40 PM

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AF



KONG - watching for a break of trendline

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