Day 6

I bought SHBK at the open for $18.00 before I noticed the volume at the time was only 1400 shares. They were up big on the news they would be bought for $22.00 per share so I figured it was a no brainier. I looked for it to spike quickly to 21 or 22 and when it did not I looked at the volume and saw my mistake - Lesson = don't buy thinly traded stocks. It all worked out alright and I sold at $18.75 a few minutes later and it's still trading in the 17.50 to 18.50 range, for a patient investor it's a sure winner from 18 to 22 for an 18% gain in a few months as long as the deal goes through but I'm not that patient.

Shorted that bastard ITMN an hour or so after the open at $17.8405 and closed it when it started trading sideways so I did not make much but I learned my lesson yesterday. Lesson = if it's not moving don't wait for it, take the small gain or loss and move on. Waiting is how I got killed on it yesterday. Covered for a small gain at $17.655.

What a boring day so far look at the top percentage gainers chart.












Look at those pathetic volumes, the one with decent volume is at $76.75 and it's to rich to trade for me, can't buy enough shares to make a dent in my portfolio value.

Shorted LYTS at $10.1909 fell to 9.20 but i was slow and it reversed on me so I got out at $9.7754 still a nice little gain.

That got me thinking so I bought it again on it's way up at $10.398 and sold it a few seconds later for 10.6245 should have held a bit longer though it's now above $11.

Tried LYTS again when it broke $12.20 but it was a fakeout not a breakout and I had to cover at $11.70 but still overall a good day.
Good trading.