Stocks to Watch: USO, SOL
USO: Had a 7K gain but lost $ on trade. Stayed too long at the party. The 60. min day trade signals are only good for that 60 min. period. I need to book gains when the 15 imn. chart changes vs the 60 min.
SOL: Time to buy back this stock. The group is showing strong momentum eventhough the market is suffering. This stock has been held down because of the secondary. Today it was priced at $20.50. We want to buy today and hold the position as long as it holds the offering price of $20.50.
3:56
SOL Update: I sold the stock for a day trading gain. I don't like the way the market is closing and the 60 min. of SOL is not strong enough to warrent holding it over night with the weakness in the market. Let's look at the stock again tomorrow.
Wednesday, June 18, 2008
6/18T2:44
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