After suffering a 27% drop in less than a month, SUNW has shown some life above 4. The support at 4 is firming up provided that there is no further major news coming out of SUNW. The next resistence is around 4.5. You may wait for a while before initiating a new position or scale in in increments. The stop loss can be set at 4.0.
Tag Archives: Position
Open a position in PMCGX
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
Open a position in PMCGX
Well, New Year has not brought much upside. Instead, it has wiped out last month’s gain! I opened a position in PMCGX in 401k account as it’s in over sold condition. I expect that the current uptrend will continue, I may add more until it goes below 22 where my stop loss is set.
LFC, HNP and SUNW
LFC reversed a little bit after it gapped down when the news came out about SEC formal probe.
SUNW is under pressure after today’s downgrade. I would close my position if it drops below 5 (It lost over 5% today, previously it’s 25% gain). I was tempting to sell it at 5.5 last week, but changed mind at last minute as I was thinking that it might break out from 5.5. I guess that there were people who were unloading positions around 5.5 to keep it under selling pressure. I would be a buyer again at lower price, say 4.7.
HNP resolved this triangle to the downside.
Missed RHAT BIG DROP!
I closed a RHAT Jan 15 Put position on Monday, which was a basic scratch trade. Today, it dropped like a rock! It stopped at the lower Bollinger Band and stochastic also stayed in the over-sold territory.