Wednesday, April 14, 2010

Update

The market has been very strong. The financial sector has been leading the way. Our MGM play is doing well and we will continue to hold it. FITB continues to climb and our holders continue to post profits. Our medical stock PPP has been doing nothing; other then one day when a rumour hit the stock. The volume on the stock is so low that when buyers come in, it moves substantially. I believe in the technology and think it is ready to jump soon. When it does, I think it could be a 3-bagger. We will not add more and just hold it for now. Our new position ABC is an old trade that we are trying to play again. It is acting well and earnings should be comming at some point. Either we are going to be a hero or zero in the next few weeks. I have been busy the last few weeks and have not spent a lot of time trading. Too bad-there were some great opportunites. We are kind of just holding our positions since the volatility has been so low and when the market hits your stock, it does so randomly. Check your emails for new details.

P.S. Congratulations to "Lefty" on his Masters Win. A class act.