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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Thursday, March 24, 2005

GIGA: i sold for a 30 cents loss. Chart is

not normal...lol....

I have purchased SYBR at the low $4 for a swing play.

5 Comments:

Blogger beanie11111 said...

I bought LEXR this morning at around mid $5 and sold it in the afternoon.

If you want LEXR, i recommend you watch what happens afterhours for like 15 minutes when the earnings come out. If it continues to go up, then consider buying.

Thu Mar 24, 03:50:00 PM EST  
Blogger Elliott said...

This comment has been removed by a blog administrator.

Thu Mar 24, 04:40:00 PM EST  
Blogger Elliott said...

they missed the earnings by 7 cents. They would have been bankrupt within 4 months if they didn't win this case. Although I don't believe 7 cents is that big of a deal against 380 million dollars, I believe this will be a bigger reason for the stocks to correct on monday morning. My opinion and opinion only, stop loss.

Thu Mar 24, 04:40:00 PM EST  
Blogger Elliott said...

Sorry, I meant 80 cents a share. $63.3 million dollars lost. 380 million is a lot of money gained, but it will cost some of that to cover the loss and more to turn the company around.

Again, just my opinion, I'm not a pro.

Thu Mar 24, 05:03:00 PM EST  
Blogger beanie11111 said...

LEXR lawyers are back into court today regarding the punitive damages. Hey, if something comes out of it on Monday, we may see another run.

Obviously, if not for the $380 million announcement yesterday, LEXR would have received a 50% haircut. Instead of a $6 stock, it would have been a $1.50 stock. lol

Either way, i am not interested anymore. They are losing too much money quarter over quarter. $60 million lost last quarter is humungous, considering they only have $80 million cash.

Toshiba and Sandisk really did a number on LEXR. I feel sorry for the company, and will try not to buy Toshiba and Sandisk products.

Thu Mar 24, 05:09:00 PM EST  

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