Watch List Results and GLUU

First I'll start with the results from the watch lists:

HART started the trading day with $2.26 a share and reached the EOD with a gain at $3.58 a share or 6.55% and a high of the day at $3.65. CRNT also ended the day with a gain of $0.07 5.98% and the high reaching $1.28 a share. My last stock, BXE, on the list didn't do as well but did see a small amount of green in the session with the high of the day being $3.16 a share, it did end the day in the red however at $2.84 or -8.68%.

As for Vin_Trader's watch list many ended the day in the red but all did see gains during the trading session. NBG dropped from $1.63 to $1.51 or -7.36%. While SD did better and ended the day with a loss of -0.85%  at $2.33. SD did see a decent high of the day however with it reaching to $2.53. DNR ended with -4.85% at $8.63 a share and seemed to stay in the red all day. My favorite pick of Vin's for the day was GDP which still ended in the green but saw the high of the day hitting 4.50 a share.

All said and done I'm really happy with the watch list I made and like the fact that I was able pick out the best performing from Vin's list. I'm not sure if I can make this a daily thing, but doing dry runs of watch lists seems to have been helping me with identifying good trades.

As for GLUU, it was a rough day and hard to watch the stock working in the red for over half of the trading session. It did manage to recoup a little and end at $5.12 with a loss of -2.10%. My last trade settles tomorrow and I think I'll be pulling out of GLUU regardless to the movement, likely faster if the trade begins to slip further. I'm looking at a rough $70 loss but doing so will increase my trading size from $200 to a little over $300 a trade. That increased trading power will make the amount I lose off the top from trading fees sting a little less.

 

One more thing... there was a decent Seeking Alpha article that was just published.

Seeking Alpha

Stuff to Watch Today

I've already posted a few stocks I'll be watch tomorrow as a learning exercise but I thought I'd add the watch list from Vin_Trader as well.

I'm thinking I'll be entering a trade sometime later this week once my last trade settles... either a new trade or I'll be closing out the GLUU position for a loss just so I can free up the funds being held up in it. I hate to leave GLUU because I honestly think they're a good company, but it may be wiser to pull out now and lick wounds with the plan to re-enter the trade once we get a touch closer to the Katy Perry game release.

My Watch List:
HART $2.26
CRNT $1.17
BXE $1.47

Vin_Trader (VinAlerts.com)
NBG $1.63
SD $2.35
DNR $9.07
GDP $4.09

With Vin's watch list I'm betting on GDP, looks like a strong reversal and good momentum.

EOD Results for OIBR-C, SQNS, & MTL

My observations for today's picks:

OIBR-C ($2.63) ended the day slightly in the red but did see a small gain with the high of the day reaching $2.75.

SQNS ($1.79) ended the day with a gain of 8.94% ($1.95) and at the high of the day hit $1.99 a share.

MTL ($1.48) ended the day with a mild gain of 4.73% ($1.55) and a high of the day at $1.57 a share.


Here's my watch list for tomorrow as I continue to wait for my last trade to settle...

HART last EOD $2.26 @ 15.07%
CRNT last EOD $1.17 @ 14.71%
BXE last EOD $1.47 @ 11.47%

3 Stocks I'm Watching: OIBR-C, SQNS, MTL

I scanned over the gainers on Yahoo's Market Movers section for last Friday and decided to pick three to watch. I'm not placing any bids on these, just observing if I can apply some of the patterns and ideas and pick stocks that see gains in a day or two.

OIBR-C @ Last Close = $2.63 @ 15.86%

Fous Revival Pattern

SQNS @ Last Close = $1.79 @ 11.88%

Momentum Trade

MTL @ Last Close = 1.48 @ 10.45%

Momentum Trade

So Close Yet So Far

Saw a ferarri club as we left Sultan to get the boys' haircuts today. Nothing like sitting in a minivan with two kids and seeing that much money rolling down the street to highlight how far you have to go... Looking forward to the journey!!!

Ending the Week with a Small Gain: MCP

I placed the buy bid last night before going to bed and was able to enter @ $0.99 a share with 208 shares. Not a huge position but the free capital was smaller due to an unsettled trade and the hold on GLUU.

Woke up to the stock bouncing at $1.05 to $1.07 a share and decided to take profits rather than attempt a hold over a holiday weekend.

Trade sold @ $1.0601 a share for a small gain of $15

Going to continue to hold my position in GLUU. As funds settle next week I may close out that trade even though it'll be at a loss. I think at this point having those funds tied up is also costing me.

MCP Play

Decided to buy 208 shares of $MCP for the Friday session. It's another promising pick from Vin_Trader with an impressive chart. The stock was at $0.9263 at the end of the day Thursday with a gain of 11.60%.

I plan on setting a 5% to 8% trailing stop on this as soon as the buy bid is official. My hopes/plan is to get in at the opening to take advantage of the morning spike... especially with some news regarding China's rare earth exports taking on a hit in January.

"China's Rare Earth Exports Tumble in January" by Hongpo Shen at Investor Intel