Tuesday, October 7, 2008

Postions Update

ACHN - closed green 1.21%; an illiquid play that was good for a little scalp here and there as it touched red territory; I don't really like scalping though.
WVCM - closed red -2.75% after being up 55.71% on Monday. This is the first down day on a buyout proposal with mixed sentiment by investors. Pops like this had on Monday are pretty difficult to sustain usually and that's why I put it on my Watchlist yesterday as a short play to watch.
TRXI - closed red -9.08% for the day for this 20M "company." Ha!
DNDN - closed red -19.19% for the day. Triple the daily average volume and the first down day after a pop of 32.6% on Monday! It's very tough to be a biotech company.
SLXP - closed red -0.57% for the day after being up 24.30% the previous day, otherwise the stock hasn't really done too much.
CHIC - closed green 2.62%; after six down days. However, this company's poor fourth quarter outlook coupled with a tough holiday shopping forecast will only add to this company's problems. It opened at 9.71 with a low of 9.49; I kept an eye on this one, but the stock didn't know whether or not to stay red for the day.

RZ - aww man RZ! Closed red an additional -11.32% and closed at 6.50 today! I hope you guys made more on this play. Shoulda, coulda, woulda! as for me, I absolutely left a good amount of money on this call!

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