Thursday, October 04, 2007

DITCHED AIRM AND BOUGHT MORE DSX AND JASO

AIRM is very well overextended and I expect the $50 mark to be a fair amount of resistance for the stock so I took my profits of AIRM at $50.47 giving me a nice 17% return.

I then took that money and bought more JASO and DSX shares today. Why would I add more shares? Click on the chart to the left and see that JASO has retraced back to near the original buy point of $40.75. The yellow arrows at the bottom of the screen show the high trading volume days and these show good signs of buying. Since trading volume has not picked up higher than those two days, this retracement in price is OK.
Same situation with DSX. Again, click on the chart to find out why. DSX was bought between $29.10 and $29.60.
Also noticed that BLUD had an excellent day today by rising 10%. That is one that fueled my overall portfolio today.
Good luck trading.
JD

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