Wednesday, May 19, 2010

Long APKT

I re-entered APKT long just before the close of trading. I bought 100 shares at $25.85 with a stop below the day's low of $24.70. My risk therefore $125.00 including commissions. If the market indexes follow through in the near future I will be well positioned to hold on to my current position and to use the profits from this initial buy to off set the risk on my second planned purchase when APKT breaks through the pivotal point of $27.75.

I do not see any planned news annoucements for APKT in the near future. So I plan to get 200% long and hold on to it for the duration of any rally that may arise in APKT's next earnings announcement.

So that's my plan for the rest of the week going into next week.

Good luck and good trading!

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