Monday, April 9, 2007


Sold 500 GIGM @ 14.87. This is a loss of .13c per share. I sold because the candle it is printing today looks like a key reversal, and I don't see any support until 14.50 (10 day average) or 14.00 (20 day moving average). I still like this stock a lot. I should waited for the pullback to the averages before buying.

***Update*** 3:43 p.m. I bought 500 SMSI @ $19.46 with the proceeds from the GIGM sell and some more cash. I'm looking for a bounce from the 10 day moving avg. with this trade. It has consolidated gains from the big run-up and looks to move again.

No comments: