Tuesday, February 28, 2006

In Play - MLNM and JNPR

Update 12:15 I'm keeping an eye on PAYX as it is consolidating yesterday's big move.

Update 12:05 - Sold BOOM $33.99 coming in too fast. Looks like a short.

Update 11:50 - Long BOOM $33.76 - Low risk entry off of the 15 min. chart

Update 10:54 - SNDK - I'm eyeing this one on an orderly pullback to support.

MLNM - Short on the second 15 min. bar. JP Morgan downgrade.

Update 10:20 - MLNM - 1st Fibonacci extension target was $10.25 - covered 50% at $10.33. 2nd Fibonacci target is $10.02. Stop tightened to $10.55

Update 10:40 - MLNM Stopped out on balance of position.

JNPR - Long on second 15 min. bar.

Update 10:30- JNPR enitre position sold on a tightened stop level of $18.25

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