Wednesday, July 21, 2010


I closed out my positions in FFIV and NFLX as I had planned yesterday for a total profit of $100.00 net of commissions. I did not quite get the $200.00 profit I was aiming for but I can't complain as any profit is better than a loss.

I also bought shares in ROVI and SPRT. With SPRT, I am just looking for a quick bounce with to the 52-week highs just above $5.00. My stop loss for SPRT is just below the pivot low of $4.50. With ROVI, I am looking to hold for a longer period as with DTG. In both instances, if I get a good cushion going into earnings then I will look to hold through earnings and see what happens.

So that is how positions and plans stand for the time being.

Good luck and good trading!

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