Thanks, Val!

Fri Jan 9th 8:5- glad to see my PALM buy is a winner, premarket it's gapping up to 5.18 here, I sold my 100 shares premarket for a quick $72 profit. I'd have put on more size yesterday, but I was all in stocks and only had a few hundred bucks left to trade with, for this late-day entry.
It's a winner!

Thanks to Maria on cnbc yesterday for interviewing the PALM ceo, where he revealed their newest gadget, that may have been what drove
this, PALM likely to continue to be volatile in next week's trading, too.



Jan 9th 9:34am EST, looks like they ran it up to 5.6 here, it had dropped to test 5.0 after I sold it, should be interesting; now dropping back
to the 5.33 area. I may rebuy if it clears 6, though unlikely, since it was a $1.50 stock just a month ago... If I do, it'll be likely something
along the lines of buy LMT 6.2, and trail a stop at 5.95 type of entry.

Also sold my DRYS into the opening strength; it, DDR, S are all strong on the open here.

9:49 looks like PALM keeps running up here, at 5.93. Rule #17 in trading: don't regret banking early profits, because for every time
a stock runs without you, after you sell it, there may well be many more times where you did correctly nail within 10-20% of the top/bottom.
I prefer taking profits early and often, especially on gaps up, eg a 1 point gap in a $5 stock is worth selling, even if, as in this case, it keeps
running up later. It's always possible to re-enter for the next trade....

9:56 COMPQ selling off sharply here, down -2.57%, so I will not buy PALM at 6.2; besides I don't like to chase; it's up +11.5% on the day so far.
Sold 1500 of my 2k LEE here for a small $85 profit, since it's up on a down day, keeping the other 500 shares.

So far I banked $261 in winning trades on the day, in this first half-hour. Many of my swings are in the red on this drop in the COMPQ, looks
like a potential pivot here near the 1575, though I'm not looking for aggressive new entries long yet.

Had to go drop off "Doji", our Shih-Tzu, at the vet's.

11:38am: Sold 3K BGP here at .65 for a $228 profit.
11:39am: Sold another 1K BGP here at .64 for another win. Holding 1K left BGP with stop at the .63

Bought 50 DDR earlier 8.29, using initial stop at 7.94, under the 8.0 support line.

11:43EST Scanning. Stock with ticker AZZ gapped up and is near 29. There's gotta be a joke in there somewhere.
HWAY PALM still up

12:04pm EST considering buying back 1k BGP if it continues up, though overhead res at .75
NYSE trin still near-bearish at +1.42, NASDAQ trin no-signal, at 1.0 even. Overall still bearish sentiment, so I'm going
to be very skeptical about buying into this market.

12:17pm EST 25day high in CDNS here, RMBS dropping must be bad news release. PALM looks like a short here 5.95-
cover stop 6.05, but IB didn't have shares to short.

12:20: Watching BGP, will sell remaining 1k shares if it gets lower, or market drops, to bank profit, will buy if it gets higher.
waiting... COMPQ downtick here near the 1585, will see if it drops, or pivots to upside

12:34 sold remaining 1k BGP here at .67, will re-enter if it get up well over the .70 later most likely.

Closed off the day lightening up in ZLC, taking a stop. Added BGP/LVS/PALM into the close.



To success,

Ken

(these are not to be construed as trade recommendations, they're just for educational use only, so you can see what I'm trading myself)