Tuesday, June 19, 2007

Staying Objective...

I like it when my plan works; I make moves according to my system and I make money. Sold the remaining 1/2 of my NEWP position. The stock opened above my 1% target, causing me to up my stop loss, then the stock hit the stop loss and I sold, just like I am supposed to. Ended up getting out 10c better than the close. Certainly not at the high, but within my desired range. Sold 10.33855 shrs @ $15.72 for a net of:

NEWP: +$16.54 or +5.51%

Some decent looking charts today, so I'll be watching the following stocks in the morning: AMED s, FED s (again), MRCY s, QSII s, RAH s, UFCS s (a little thin), VOL s, JCP s, and WRI s. Don't like having quite so many stocks to watch, but after trying to remove a couple, all the charts met my initial criteria, so kept them all.

For now,
Masterjaz out

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