Tuesday, August 26, 2008

Tuesday 8/26/08

Account Value: $30,572.17
Gain/Loss: +$2.17

Today was a good day.  Any day when you finish in the green is a good day no matter how much you make.  I was able to pick up 382 shares of SQNM in the morning at about $22.60.  Watched it climb as high as the $23.60 range (although the day high shows it climbed as high as $24.50).  Did I sell?  No.  I've been watching this one for a close above $22 for about a month now, and I'm not going to give up after one day.  I noticed SQNM showing up on a lot of day trading sites, so todays action was most likely traders having fun.  Nothing wrong with that, but I'm in this one looking for a big gain, and I've got my sights set on the $30's.  I don't mind it coming all the way back down in price, because I have more funds settling tomorrow, and it give me an opportunity to buy more.  The smart money is accumulating right now, so I'm not going to bet against them.  

Here are some other ones worth keeping an eye on tomorrow:

NABI: had a good day on above average volume.  Look for the break of $6 (more specifically $6.03)... could happen tomorrow.  Would like to see it consolidate a few more days, as it looks like it's in an early bull flag formation.

DAIO: was also up today.  Look at the last 3 days of the three month candlestick chart... is that a little triangle I see forming?  A break of 6.76 could signal a buy, but the daily volume on this one sucks.

NOBL:  A break of $6 tomorrow could squeeze... needs to break $6.34 and then maybe a move to the $7 range is in store.

VPHM: Watch the $14.70 break.  Could be interesting.

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