Monday, May 12, 2008

Focus List Trades - SOHU, RIMM, EXM, PRGO

SOHU, RIMM and EXM were from HCPG's trading list. SOHU was the charm. RIMM and EXM were more challenging in finding the correct entry point. EXM fell into a sort of dead zone and took a long time to becoming profitable. Basically, I tightened the stop after each new high as depicted by the red line segments. I missed the recommended entry point for EXM, but it worked out well in the end.



PRGO was from my focus list. It closed below support, however, after the initial swoon it appeared as if there was a buy program in play. There was way too much volume on the consolidation so I exited the trade.

2 comments:

Anonymous said...

Hey Jamie,

Those were some great picks from HCPG. Too bad I missed out. EQIX also has a good daily chart.

TJ said...

Jim,

Agree. Pristine's stock of the week EXBD also looks like it might go here.