Sold 600 shs of Melco Crown PBL Nasdaq:MPEL @ 5.85

August 22, 2009 · Posted in Trades, US Equities · Comment 

It had a hard time breaking $6 for a couple of times back in June and August in a sustainable manner.

not taking the chance of whether or not it will break out at 6 and then another one at 6.50 as it was already up 10% today

booked $342.06 profit after commission

im going to reduce the exposure of my portfolio as I will be heading to Thailand next week.

Bought Melco Crown PBL Nasdaq:MPEL @ 5.28

August 19, 2009 · Posted in Trades, US Equities · Comment 

betting on a short squeeze..

As I am typing.. current Short Interest stands at 11,021,300 shs

Short Interest Ratio is at 3.1

8.44% decrease in short interest since yesterday .

but my entry point at $5.28 is pretty bad…. I am more patient for a couple more minutes, I would have done it at $5.20 …

Sold Motorola NYSE:MOT @ 7.24

August 19, 2009 · Posted in Trades, US Equities · Comment 

got sick of it .

have been holding this for almost a month … not moving anywhere since it had an earning breakout at $7

bought at $7.14

booked 10 cents profit.

Watching Gulfport Energy Corporation – Nasdaq:GPOR

August 18, 2009 · Posted in Watchlist · Comment 

Gulfport Energy Corporation

 

reported earnings earlier last week which pretty much meet the street est.

chart looks really clean but it’s really slow moving…

avg volume is around 400k shs

was looking to buy today as it was able to close above 7.35 yesterday

but the low turnover today has me hesitate a little….

would probably buy if it goes above 7.80 or if it dips down to 7.40.

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