MOJO Swing Trades - 11/13 - Portfolio & HILL & DRWI Updates

Published: Wed, 11/13/13

Wednesday November 13, 2013

Hi MOJO Swing Trader,

Now the markets continue to be unpredictable - MOJO will be ready for opportunities when they present themselves.

Now with HILL especially - good stocks do not stay down continuously There will be buying that comes back and and drives the stock higher. Now what price that is at - thought would be at $2.90 when earnings came out and propel it to $3.00 plus. That did not happen and now the stock is at $2.60. I can give thgis the rest of the week to play out and go back higher. By Friday if not back in the $2.80's will sell the entire position and move on. i want to give it the benefit of the doubt since been in it long time. Going to get risky here and buy at $2.60 -.62 and get average down. We see bump back up can unload the whole thing. Will be long 20,000 shares.

DRWI = sold off some at $1.30 end last week - will make like market maker now and buy at $1.18 to $1.20 and sell back over $1.25 to $1.30 until it breaks out of that range. Will be long 30,000 shares.

If I see something great I will be letting you know. Right now we are seeing exaggerated moves in certain stocks. Take a look at USU - we bought at $6.90 for a play thru magic $7.00 this morning - was moving too fast and by time I would have written for you all to buy it - the price was already alot higher. That stock ran to $9.40 today - and was a beast. I will try to get you all one of these before the weeks end.

HILL CHART WITH SUPPORT LINE

HTM = trading at $.493 and strong, high $.496 low $.47 - selling half and holding half

HILL = trading at $2.61 and strong, high $2.74 - adding 8,000 shares

ABCD = trading at $1.35 and strong, high $1.45 - holding

HUSA = trading at $.28 and strong, high $.2869 - holding

AMRN = patience is wearing thin on this one - we give it one more day, as if we sell now it will just punish us tomorrow by being much higher. We shall try to exude patience here. trading at $1.54, high $1.579 and low $1.46 - holding

PRKR = trading at $3.14 and strong, high $3.25 - sell it and move on

DRWI = patience is wearing thin on this one - we give it few more days, as if we sell now it will just punish us tomorrow by being much higher. We shall try to exude patience here. - Adding 10,000 shares

Thanks for reading, and profitable trading!

ProTrader Mike
email: info@mojodaytrading.com
website: http://www.mojodaytrading.com

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