Positions 09/15/2010

AJGH
Looking for a breakout here. Entered at 1.05. This can definitely run to 1.10 where it has resistance. If it can break resistance then a run to 1.20 is likely. Let's see if the market will support a run as well. If not, it may pull back towards the 13ma and begin a nice uptrend since it recently had a golden cross. However, market weakness may be an issue here so a close eye is needed.

ARNA
Here I am simply banking of FDA approval.

DGMA
This is getting weaker and looks more and more like a long term hold.

MDTH
This is a short position which is failing miserably. I will watch to see how this trades and decide whether to cover or not. However, since the market looks ready for a severe pullback/dip, I will most likely hold this untill the dip is in full swing.

NPDT
This has been trading sideways since late August. I believe a breakout will occur as the 13ma converges with resistance.

PRPM
A speculative play of a small position. Taking a big loss, but not concerned since the reward was many times greater than the risk.

UWBK
Am getting frustrated here, but this has consistently been consolidating since September. I can see a reversal as the 13ma converges with resistance.

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