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Thursday, January 7, 2010

Update 01/08/10

The market's winning streak continued, but not before putting in a short-term bottom early on. As we close out the first trading week of the new year, let's take some profits tomorrow. Aim for 25-50%, spread out throughout the day. We were stopped out of GNK and IVAN for profits today, and bought GE and OMX.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
SVM 7.04 7.37 +4.7% 6.84 N/A Chart
HOLX 15.01 14.97 -0.3% 14.79 N/A Chart
GE 15.68 16.25 +3.6% 15.42 N/A Chart
ASH 39.92 40.70 +2.0% 40.49 N/A Chart
OMX 13.68 13.57 -0.8% 13.19 N/A Chart
PDC 8.21 9.64 +17.4% 8.99 N/A Chart
CPST 1.30 1.41 +8.5% 1.35 N/A Chart
SOLF 7.71 9.51 +23.3% 9.09 N/A Chart
RDN 7.77 8.77 +12.9% 8.08 N/A Chart


Nothing for tomorrow. The goal is to reduce risk heading into the weekend.

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