The Royle Plays!

June 2 Update
Sold for Gain QTWW - $140
Sold for Loss JBLU - $75
Total Gain - $65

Today I found out that I won 2nd place in the Lion Portfolio Contest with a prize of a $100 gift certificate to Amazon. So the day started out pretty good and I was hoping to translate that to some good plays on the day.

It was another day where Oil and alternative energy plays were the big winners with oil moving abit higher but still below $130. Of course I don't need to tell you that with the national average of a gallon of gas near $4.00!!

There was also the Biotech plays with meeting of the American Society of Clinical Oncology in Chicago where reports of a cancer Vaccine made by Avant (AVAN) appears to have developed a possible break through in treating brain cancer by enlisting the help of the body's immune system. News sent the shares soaring up 28.34% to 17.98.

So today I had two choices to make with house money having most of my money tied up in the solar stocks LDK and CSUN. Two stock plays stood out - ROYL and BEXP. BEXP had good news on two wells and was up in AM as was ROYL. Having played ROYL in the past, I decided to play BEXP...WRONG!!!!!!!!!!!

Royl had a riduclous day and just ripped it up by soaring 43% to $8.30 and then adding 9.64% in the AH to $9.10. .. The choices we make.... just check out this chart!

I instead opted for BEXP which also had a good day on strong volume and was up 14.62% but down off it's highs which were over 18.00 twice in the day. My entry point could (should) have been better as I'm just about flat on the day. With strong volume we should be in good shape tomorrow, especially if Oil decides to move upward. And besides, isn't that a pretty chart!

Jet Blue didn't get any bounce and my stop loss order kicked in and I went heavy into BEXP with that money and the house money. The plan was to burn a daytrade trip in and out but with the pullback in BEXP I had to unload my QTWW to keep from using the margin money. I really didn't want to sell QTWW as it was up 9.05% with a strong close but didn't have much of a choice.

CSUN got some good news today when it was reported that Credit Suisse disclosed it had a 15.7% stake or 37 million shares in CSUN up from 2%. This sent the stock higher so were holding here with a target of $15 along with LDK.

My favorite little stock CPST broke thru $4 today in PM to ended the day up 3.99% at $3.91 with earnings coming up and a 2 million dollar order. I just can't say enough about this little stock...Love it..Love it...Love it. Gonna keep it till we hit $10. I'm in no hurry with this one, as you have to also invest and not just trade and this qualifies as an investment for me.

We'll see what tomorrow brings but it looks like at this point all my money is tied up. If EEE decides to get perky and bust a move, I may unload as I'm looking for it to hit 2.50. This week has been frustrating with no big gainers, but have managed to keep from losing as well, which though a wash and disappointing, not a real concern....just antsy for some ripping action on a hot stock. Still trying to learn one of my three axioms...Patience..Patience... Patience! :-)