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Diary of A Day Trader© : April 25, 2011 "Futures Fake-Out, But Traders Still Trading"

Apr. 25, 2011 6:49 PM ETCNVS, JRJC, OSN
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Seeking Alpha Analyst Since 2011

Jon Slotnick is a freelance film, television, e-learning, medical and financial writer. As a self-taught stock analyst and trader who learned the Wall Street ropes as a way to supplement his income while penning TV shows and feature films, he currently provides stock analysis and alerts to several financial web-sites, and does freelance copywriting for TD Ameritrade. He has a B.A. in Sociology and a masters degree in journalism from UC Berkeley.

Despite a futures fake-out which had U.S. stocks continuing their bullish advance, the markets opened down, and stayed that way for most of the day, until a mild rally pushed the Naz into positive terrritory.

Regardless of the market action, several issues offered nice trading opps. My swing plays CIDM and OSN provided some solid profits, as did JRJC on the $6 break. That one should be in play for a bit longer, as the words "China's Twitter" are nothing but sweet music to traders' ears.

Am swinging AVVC overnight for more bulletin-board love tomorrow, as well as my second wife, LFVN, who I'm determined to remain married to until she's worth more than $1 per share. Right now, .965 is her current bargain-basement sales price. Also getting interested again in GPL, Great Panther Silver, which got dumped on today, but should gain steam again if the price of silver can move higher.

Will have some pre-market tips tomorrow morning. Hope you had a good trading day. If any of these tips have been helpful, let me know.

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