Thursday, May 12, 2011

Trading Results for 5/12/2011

$OXGN is the best stock for us so far in May. After 12% profit yesterday it brings another almost 10% profit today. It happens so rarely that the same stock pops in my trading screen two days in a row and $OXGN is amongst those few examples. "Thrust" metric I use in my screen as an additional check point needs to double to make me to buy the same stock for 2 consecutive days. That what has happened with $OXGN. Action was VERY strong and even now its still on a very elevated levels. Do you want to see the extreme opposite case? :) check out $RXII action. We traded it several days ago on 5/3/2011 without much success, but as I said I still have it in my mid-long term portfolio. Very small position (basically equal to profit I made from $OXGN actionjust today), but still hold some of it. I hold stock VERY rarely and $RXII is a major exception here. So, the way I think about it, $OXGN profit today sponsors my insane (from trader's standpoint) holding of $RXII. Will see how it all develops in future :-)

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