Posted by: fortunefaded June 4, 2009
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Update on my positions:
I had a good day on both my positions: FAS and REXX.
Bought FAS at 9.30. Today it closed at 9.52. Due to the volatility of FAS, I unloaded half of my current position.
Bought REXX at 7.0 and 7.10. Today it closed at 7.56. For those holding onto REXX I had mentioned that 7.40 was a major resistance. Phew, we got through it. Now if the market is up tomorrow, REXX should shoot up in my opinion. Lets see.
Regarding emini's comment,
I feel this thread has degenerated into people buying penny stocks and trying to steal short profits. No offense to anyone here but if you guys want, why not open a thread just for penny stocks like CTIC and HEB.
Also, I don't know about you guys but when someone says buy this and that without any supporting technicals or fundamentals, I feel overwhelmed.
Peace,
FF.
I had a good day on both my positions: FAS and REXX.
Bought FAS at 9.30. Today it closed at 9.52. Due to the volatility of FAS, I unloaded half of my current position.
Bought REXX at 7.0 and 7.10. Today it closed at 7.56. For those holding onto REXX I had mentioned that 7.40 was a major resistance. Phew, we got through it. Now if the market is up tomorrow, REXX should shoot up in my opinion. Lets see.
Regarding emini's comment,
I feel this thread has degenerated into people buying penny stocks and trying to steal short profits. No offense to anyone here but if you guys want, why not open a thread just for penny stocks like CTIC and HEB.
Also, I don't know about you guys but when someone says buy this and that without any supporting technicals or fundamentals, I feel overwhelmed.
Peace,
FF.