The Plan to Rid Toxic Assets

"You cannot fight this intervention," says one market pro. "When you start to see the market just climb after weeks and months of being sold out, you have to participate."

March 23 Update
Sold for Gain
CNO - $770
WNC - $1906
PLLL - $660
Total Gain - $3336
Holding WNC - up 39%

It's been awhile since my last posting and what better day to begin a new start! Like many of you I suffered through the last 2 months losing $25,000 on paper. I was stuck in three stocks for a LONG time. My trading was limited at best and the market has been a time to short anything and everything. With time I slowly worked my way back and have since gained $20,000 in the last 2 weeks. So today was just a brilliant day to lift the spirits and see the raging bull react to the new Toxic asset plan. No doubt the street liked it as stocks gained sharply on the news and the rally gathered even more steam after an economic report showed a surprising increase in home sales for February pushing the DOW up 7 percent!

Can you say YESSSS!

If you didnt have a good day today,then you just didn't play. Today I made several moves and missed a riduculus opportunity. I was all about looking to play PIR after the good news that they were closing stores and securing their future with financing. I was set to jumpin at anything under .30 but got caught up buting and selling some energy and insurance stocks, namely CNO, PLLL and WNC. But first PIR. Having missed the dip I was looking for at .25 I suddenly see it at .40. Thinking that this is crazy to buy in when it was up so much I just couldn't fight the momo on this one. I stayed there at .40 for a few minutes and then said to myself, this is just nuts to buy a stock up that high no matter what the momo. So I followed the statistics that said, wait for the big dip and get out now. So I sold at a wash waiting for the big dip that never came only to watch this stock go vertical. It was a beautiful thing to watch, but oh what an opportunity as it closed at .53 up over 237%

PIR - Up over 230%
Are you kidding me?

As you can see by that volume and vertical lift, this was the stock to own today! I felt, like I'm sure others did that I was chasing at these levels...who knew? Oh well, all was not lost, I mean how could you NOT make money today. So here's what took place on the Delta front. I've been BIG believer in the chart of WNC. This is an amazing set up and I've been banking that this will hit 1. then go 1.5 - 2. 3- 4 in just a few weeks. Well we caught some action AH and we hit 1.14 today for a nice $3300 gain. Check out this pretty chart.

WNC - Up over 27% and another 20% AH
WOW that's a pretty chart!

As you can see the stochastics are right, the volume is right and the turn is in the making. I've seen alot of accumulation of this stock over the past week. So I bought in 3 times at .56, .60 and .68. So I'm still a big believer in this one having sold only 25% of the stake and am holding the rest till we head back to the 2's or 3's.

Other stocks that hit my radar today were the energy sector plays such PLLL. Energy is hot again with MXC and PDO (Sold it for a gain on Friday) and the Natural Gas plays getting perky. PLLL was up 25% T0 .94 and I bought in at .80 so overall a good play so far. With energy hot I plan on holding this one, I mean look at that chart! Also keep an eye on NGAS, TMR, PINN, TGC, MXC, PDO, FPP, ROYL etc. All the energy plays are hot.

PLLL - Up over 25%

I also added some COIN and am looking at the solars again. With Obama planning a speech rhis week on energy, i can see the green sector catching some wind so I added to my LION portfolio which will be up over 1000% in just 21 days. So far so good with 100% accuracy. Stay tuned as i will be updating this more frequently now that I have workd my way out of those awful two months. But like all things, there is a season for change and these last two weeks have changed everything. Whew! back in the green bigtime again.