Wednesday, May 10, 2006

two more new winners

Man, big movement today by two of my newer holdings: IFO and DIL.

IFO looked to be on the move last night.  It was up yesterday on good volume and then had huge after-hours movement.  Today it broke out on HUGE volume and was up 18%.  It very well could be on the way back up to the $20s again. 

DIL had a really strong day and rose 10% again.  Made a new high again on bigger volume than yesterday and is now up 30% for me.  The beautiful part is that I bought more last Friday when it was up 6% from my buypoint.

I locked in half of my stake in both of these today at 25% with limit sell orders.  I was very tempted to let both of them ride, but I decided that I would stick to my new rule for a while.  If it turns out later that it looks like it needs tweaking, I'll consider that later.

I also scaled out of half of my CTRN holdings on Friday at 56.89 (25%).  Plowed that money into buying more DIL and picking up 1 key of FNSR.

ERS had a climax run last week, followed by 3 days of HUGE volume down days.  It attempted a rebound today.  I am glad I did not try to stay in that stock.  Like they say, you will never time the top perfectly.

Current holdings up over 20%: CTRN, AP, IFO, DIL

No comments: