Wednesday, July 27, 2011

Trading Results for 7/27/2011

Market sell off today affected everything including our $LLNW pick. Bought after morning pullback around 9.50am, but it didn't help much. Honestly, I was almost sure that it will be a NO TRADE day for us. That was the only 3-min bar that closed green before 10am. Anyway, I closed $LLNW position around 3pm and it was actually a good decision, as the sell off continued at market close as well.

Posted by PennyStocks100 at 7/27/2011 09:41:00 PM
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2 comments:

  1. AnonymousJuly 27, 2011 at 11:16 PM

    I'm holding LONG. I'll wait it out. I don't see how they can NOT move forward at the current pps. With or without a takeover

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  2. PennyStocks100July 28, 2011 at 6:21 PM

    I have some long-er term portfolio... several times i mentioned it here, but I don't really talk much about it. It's far less mechanical than my pennystocks100 strategy and mostly my decisions are ... subjective.. you know...
    So,usually I have about 7-10 picks and right now I have zero symbols in this portfolio...Nothing. It's just too risky. Risk/reward is way high for me..
    Anyway, LLNW could be a good long-term play, no doubt about it, but the only problem is that timing is wrong. Market is so weak for bulls, right now in July, so honestly I don't know..
    Anyway, good luck with your LLNW position.

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