Sold To You

I was away for most of the day, but made it back for the last 30 minutes of trading. Within that time, I sold out a number of positions including long term purchases such as Google Inc. [[GOOG]] from under $400. All sells noted on The PPT

The recent rally has been incredible and very good to me. I figure now is a great time to raise a bunch of cash and start with a clean slate. At the moment I only have one position open and that is W&T Offshore, Inc. [[WTI]] , however I did sell a portion of it today.

I will be back tonight with a few screens, till then I will enjoy bathing in my cash.

Gio noted solars are breaking out, and I am seeing the same thing. LDK Solar Co., Ltd. [[LDK]] is my favorite right here, trading right below the 200 & 50 day moving average. It is also displaying a flag pattern, it will BTFO if it trades above the averages!

LDK 4TW!

I’m a fan of DryShips Inc. [[DRYS]] here. Yesterday, I got long with a break in the 200 day moving average, and the stock immediately took off. If you missed it, now is your second chance. The stock pulled back this morning right down to the 200 day moving average.

The play, get long with a stop below the 200 day (6.94).

Inside The PPT there are a number of great traders who shout out ideas. There is one guy in particular that has been on fire the last few months, you guys might know him as Henry fool.

Today, he mentioned Sinovac Biotech Ltd. [[SVA]] . After pulling up there daily chart, I went ahead and bought a few shares. I am anticipating a breakout of this flag pattern, BTFO material right here.

From the beginning of the week I have been highlighting tons of oil plays, all of which ripped this week. Stone Energy Corporation [[SGY]] was my biggest winner as I took home 200% in a few short days playing options (noted in The PPT).

Today, ION Geophysical Corporation [[IO]] was another huge winner, and the sector still looks like it can run. One of my personal favorites right here is W&T Offshore, Inc. [[WTI]] . This is another stock I highlighted this week, one that I think still has plenty of upside in the tank.

The ideal buy would be to buy a pullback right back down to the 200 day moving average @ 10.11, then set your stop right below that level.

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Note: It was right for me to like oil this week and it will be right for me to like it next, this move is not done. A lot of these companies have yet to move as much as the overall market, and still have some catching up to do. Get you some black gold.

Here is another oil stock I like due to moving average support, PetroQuest Energy, Inc. [[PQ]] looks ready to rip: