Thursday, May 24, 2007

Evening Wrap Up

Well well well- someone must have forgot to deliver the memo to the dip buyers. Today saw the Nasdaq crash through moving average support. The next support level that I see is at 2520, which is also the same point as the lower Bollinger Band.

All in all the portfolio held up very well today. I was suprised by the strength of MVIS, CMGI, VRTB, and SWHC.

I added 100 shares of SWN @ $45.87 and sold 6000 shares of CMGI @ 2.395.

I will proceed with my plan as if this is another dip to buy.

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