Friday May 8, 2009

Sold sm shares (50) FITB into the gap up here near 7 from overnight hold; also sold overnight holds in STP RF BVF here. Will watch for possible continued strength to trade in-session. This market, given that I believe we're due for a pullback as we saw yesterday, I'm selling all gaps in my favor in premarket.

I had also bought 50 DPTR yesterday, that's down this morning; bought 50 shares here at 1.46, will be following/adding to that if it gets buyers in-session.

I like the minor gaps up in LVS MGM. I'd bought LEE into the close yesterday on volume spike, keeping an eye on that. I also have sm shares GCI that are in the red, same sector.

Also on watchlist/trading CTIC SQNM CENX and insurers, eg PRU AET ALL. Looks like FITB is continuing+, I'm going to wait til in-session to trade it further.