NX...

Another day and another trade, this time a small position in NX after a nice move this morning. It feels like overtrading all over again, but the opportunities keep presenting themselves and I keep biting. PEG is utterly disappointing so far, but I'm still riding it. PRGS is near, but not over my initial target and I may be tempted to take some profits come tomorrow and the end of the month/quarter.

NX:

I was sold on this trade by the sector movement, positive move early. Most important was the test of yesterday's highs and close with successful rebound on positive volume. I am thinking it is not wise to trade doji that are not at the very bottom of a decline (i.e. PEG), but this stock may change my thinking. Needless to say, the market action, especially the Dow30 is unbelievable.

For now,
Masterjaz out