Thursday, September 16, 2010

Mid-day comments on Elder List

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Here at 2 pm, the only stock on the list from this morning that is up is SLH, but volume is terrible, at 127K shares, where 324k shares is the 10d MA.  At 2 pm I should be at 70%, or 226K shares, but demand just isn't there.  Hence I am choosing to pass.

Note that I sold my position in BIN, purchased Monday at $23.7299, for a slight gain at $23.99.  My other positions in MIPS, NNI, and SIRI from Monday are still active, but NNI is underwater and I may dump it.

Regards,

pgd