2/27/14

back to 3 day trades available for next 5 trading days.  Damn this PDT rule.  I will try to focus more on plays in which I can hold overnight.  So I am leaning more on help from Superman and that chat room.

Opened a few new positions today as well as some in my old account and will put up.

old account
MNTR-saw an article where this stock has been shorted 150% total float of stock, meaning a short squeeze will happen.  Also reminder market makers can be sketchy

TSLA-only bought a few shares-company is all over the news-one model got highest rating for popularity/design.  Also in talks of opening up new manifacturing plant where they will produce entire car in one location.  Will be state of the art, getting lots of attention and will get good deal on everything they put into facility.  Might get a little spike when they chose where to build.  Hoping they choose texas because currently do not sell there and this increases market size.

GALT-bought on breakout and news of patent for liver disease.  Do not know much about drug-playing this as it is hot.  Been burned by pharmasutical companies before.  Will try to take profit fast even though some targets are $20-25.  Need to be happy with a profit on this small position and not look back.

RCON-have played this stock before-it is still hot-open and closed this position while waiting on PDT rule to clear.  sold around 7.30 and seconds later shot up to 7.60 and touched 8.  Still made decent % gain on this trade.

Still making my way back to even for this account.  Got scared when market was in panic and sold off.  Was bad way to start year but will continue to make it back slowly.

New account I focus on-can finally short and long-also better commission plan(most of the time)

MY-do alternative energy in China-sector that is heating up- also hit breakout levels today.  Up about 10% today, still off of where I thought resistance would be.  Holding till it hits that to sell partial, will sell if panics but looking to hold and let breakout run

IKNX-new contract with a distibutor-should be strong move for company-don't have earnings for a while.  Should be a longer term play/swing but has low float and therefore volatile.  moves around 5% on wide bid/ask spread.  Not sure how long I will be able to hold.  Like that company has around 60% total shares in house.  This will test patients, which I have few of because I want to trade more than I need to.

KIOR-bought late in the day as part of a breakout.  Company's highs are around $6 and right now around 1.50.  Bought some at beginning of a pullback and averaged down a little closer to bottom of pull back.  In breakout(obviously my focus for picking stocks) and look for a gap up tomorrow even with fading near close.  Should hit a lot of scanners and hopefully continue tomorrow.

Market closed at all time high(S&P)-finally back above where we started the year.  Hope everyone stays Bullish