The stock market in my opinion is trying to make up it’s mind if it is going to break up into new highs or sink very low. Overall I see a slow grind upwards. I have an optimistic view in that we are about to see new highs. I really like the trends for bio techs and metals right now and will be concentrating my trades in those sectors.
Last Week’s Plays:
$GALE (Galena Biopharma Inc.) Cost Per Share: $4.00 Current Price: $3.91
Started buying this stock at $3.72 and I think I did rather well in my timing. ER will be crucial for this stock but I think $6 is a reasonable TP.
$RNN (Rexahn Pharmaceuticals Inc.) Cost Per Share: $1.12 Current Price: $1.08
Still very bumpy with this stock. Kind of makes me nervous. I am not sure how much longer I will stay with this stock.
$CNDO (Coronado Biosciences Inc.) Cost Per Share: $2.23 Current Price: $2.70
This stock is turning out to be a DTs dream come true. I have seen this stock cycle so many times it is crazy. It tells me two things. 1) I am losing some opportunities to cycle and 2) it is still a strong stock (all we need is a new test study to come out).
$PLUG (Plug Power Inc.) Cost Per Share: $3.41 Current Price: $3.63
Look at CNDO.
$ARIA (Ariad Pharmaceuticals Inc.) Cost Per Share: $6.83 Current Price: $8.87
Lot of chatter on this stock but I can’t see anything of substance. The good news is the stock is slowly grinding its way up which is good.
$HA (Hawaiian Holdings Inc.) Cost Per Share: $7.03 Current Price: $11.28
I am really not sure what is going on but options activity on this stock have increased significantly. I think a breakout may be imminent but I still don’t see the catalyst.
$HYSR (Hypersolar Inc.) Cost Per Share: $.01 Current Price: $.0049
Still nothing to report.
$CNSL (Consolidated Communications) Cost Per Share: $18.95 Current Price: $19.20
Nothing to really report here. Going well. My strategy here is to just let it sit.
$OPK (OPKO Health Inc.) Cost Per Share: $9.19 Current Price: $8.83
The stock is starting to trend. I could see $10.00 coming this week.
$SIRI (Sirius XM Radio) Cost Per Share: $3.19 Current Price: $3.61
Still watching the paint dry on this one.