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Diary of A Day Trader© May 8, 2011: "Happy Mom's Day...We're Swinging With UBRG Into Next Week"

May 08, 2011 7:03 PM ET
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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.

Happy mother's day to all the moms out there! Hope you had a good one. 

I'm looking for UBRG to continue its break to the upside. Good contract news and massive volume have ignited buying interest in this one. Please, look at the chart here: http://finance.yahoo.com/q/bc?s=UBRG.PK+Basic+Chart&t=5y

Of special interest is that move back in January, 2009. This thing went parabolic, and I'm hoping and betting that history will repeat itself.

Keep an eye of this one, along with DUNR (another former runner) and FKWL, which has been basing at $3 and may be prepping for a move higher.

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