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Monday, April 07, 2008

Whatsa Happenin' - or Not - with Hott stuff

Took another hit with HOTT. Got in too early and couldn't turn a profit when it went back up. Lost 30% holding on for 5 weeks. Learned, or rather reiterated, an earlier lesson. Be patient and pick my spots. Not to mention getting involved with higher quality equities! Got back in the groove and made my money back within a week, though.
+35% in 2 days with Citrix
+25% in 2 days with Cameco
Have two open positions with GFI and XRX.
Also keeping track of other stocks which my screen turns up.
In the last few days these have included CIG, UNG and GBX... before they made moves.
Also, I seem to have trouble getting over the hump from 9k above 12k, so I am putting a fair bit of profits aside to keep myself in check and in my sweet spot, usually moving from around 4k to above 7k within a week or two.
Wish me luck.