December 21st Review
TIM $14,302 (down $64 on the day)
Bought 150 Shares of SWIM @$17.98
Bought 200 Shares of SOLF @29.09
Two big-time breakouts, so I bought both of them and am holding ove
r weekend. As I detail in my latest AOL article, I use INVESTools (Nasdaq: SWIM) as my broker (their Thinkorswim unit), and now that their stock chart is a perfect breakout, I’m a shareholder, too. The key here is that the last 2 times SWIM has broken out, shares have run up 30%+ within a month. So – and this is gonna be extremely difficult – my goal is hold this stock for the next month. After all, a 30% gain would be just fine by me.
I also bought hotly debated Solarfun (Nasdaq: SOLF) because it had its own little breakout, a one month breakout that is. See my more detailed article on AOL . Volume ramped nicely, so I’m hoping for a continuation on Monday as the sort sellers have gotta be scared at how quickly this thing can move higher. Sure, it’s still $3 away from its all-time high (set just last month), so whether or not it executes a full throttle breakout, I’ll look to capture $1-$2/share, preferably in Monday’s pre-market. I screwed up my entry, getting too excited, buying the first 100 shares at $29.45 with 20 minutes to go before the market close (on gap up plays, I like to buy right before the market close), so I doubled up and bought another 100 shares at $28.74 after hours to get my average price down to $29.09. Volume should definitely be light this holiday week, so I welcome any and all short squeezes!
I’ll finish this post later with more stocks I’m watching…
