Market pulling back nicely on volume but not price - DRYS, UWM, ANO

Posted on March 30th, 2009 in Long Trade | No Comments »

The broad indexes fell on price but the volume was light which is what I am looking for. We want this to pullback and buy on a retracement.

I am still holding on to DRYS which went down on lighter volume. It’s in my buy zone and should head up to test $7.

drys1

I entered into UWM (Ultralong Russell 2000) which rejected the price and volume 3 days ago. My stop is under today’s low. Target is $17-18 range.

uwm

Entered into ANO also at $0.64, really nice up volume 2 and 7 days ago. I noticed the volume was really low as the price retraced - time to buy!!! Target is $1.10. Placing stop below $0.50.

ano

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Trade: Anooraq Resources (ANO)

Posted on November 2nd, 2007 in Long Trade | No Comments »

This is a platinum play with ANO entered at $4.82 on 11/2 and it closed up at $5.20 so far up +5.3%. First target is $6.00

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