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My plan is to sell half of my (LYG: 4.46 0.00%) at $7ish, maybe slightly above. Will hold the rest to $12, but have to get to $7 first. I’ll post reasoning for $12 when the time comes.
Lloyds posted a (relatively) fat profit today.
Judging by the amount of updates for LYG on Stocktwits, it’s not that popular. Anyway, I’m now holding it in two separate accounts, and will be tracking it closely.
It took some severe beating this week, but curiously recovered all of today’s loss in afterhours.
Oversold on the daily.
Still overbought on the weekly.
Doubled up on (LYG: 4.46 0.00%).
4/26/2010 Interim Management Statement
5/6/2010 Annual General Meeting – 6:00AM EDT
I’m itching to buy stocks (add (LYG: 4.46 0.00%) and open (AZK: 6.53 0.00%)) but everything looks so terribly overbought. Arghhhhh
I’ll wait, although apparently some very smart people say a runaway move may be developing.
The problem is I’ve never traded a bull market before. Would a one-day drop qualify as a correction?
Volumes today are lower than the 3-month averages, though. Maybe there’s hope for a better correction yet.
I was looking for a gold miner that was profitable (P/E positive) and under $5 a share. Then I looked at the chart patterns, because I want as many favorable factors as possible. Then I looked for the latest news briefly, I don’t want to study it in detail but again – the more positive factors the better.
Aurizon Mines Ltd.(USA) (AMEX:AZK) is the 10th most profitable stock in the precious metals segment of the market. Its net profit margin was 20.91% for the last 12 months. Its operating profit margin was 32.70% for the same period.
Entry: $4.40-4.60
Target: $7.00
Stop… what stop? 
Pretty good, seems to take corrections well and rises faster than the general market and gold.
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