The past week has been very interesting, and I have been seeing some swings in my profits with the positions I am holding. Regardless, things are playing out nicely. Today, SLM popped off its earnings report from yesterday after the close and we got to a high of $11.54. Yesterday, after hours I wanted to scale out a third of my position but accidentally added to it. Maybe it was the right move but I was not comfortable doing so, so I sold the shares I bought for a quick profit of 5 cents, along with an additional 100 shares. Today, I held my 600 share position in SLM and watched it hit the high of the day and pull back 70 cents or so. I am still bullish and will look to take profits, but I do feel that we have some more room to move up. The daily chart looks great, and I am tempted to lock in profit, although the weekly chart says to me 'Stay in!' Now what should I do? I think my game plan will be to lock in profit and leave a third of my position in to run. If it plays out the way the weekly chart is set up, it will be a nice gain. We will see how it trades tomorrow. Will SLM continue running up? I'd say things look bullish but we may see people lock in profit.
LDK popped today off of some news after hours which is posted in the shout box. I was almost stopped out but as I take a look at the chart, it continues to set up for an additional buy. I am watching it closely though and may just cut it off if it doesn't pop. AET seemed to have a nice start to the day, and then it sold off as the market came to a close. I will also be watching it closely. Finally, the cheapies... MPG and CVM. CVM looks decent still, but MPG got downgraded and gapped down. Might be taking this one off the table if it doesn't hold the 20ema tommorow on the daily chart. Also, ALY pulled back a bit at the close too. My take is that the market was choppy today, and as a result, big time buyers are still in the process of shaking out all of the weak hands. Things will play out soon enough.
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