AXYX, GTI Update

Based on price alone since Friday it seems that GTI was actually the better call. From the close on Friday of $3.81 the stock has taken a short term run up to a close today of $4.26, a 12% move. Now, tomorrow is the day the company posts earnings (expected to be negative) so we will see if there are any adjustments to the price. If you remember when I was giving the play behind GTI, I stated that sometimes stocks will take runs regardless of the expected earnings. Well, GTI is as of now doing just that.

Though I do not own any GTI and have a 7,000 share position in AXYX, I am still happy. The stock closed today at $1.18 which puts me up about 2.5%, or $210 after costs. So, I am not upset because in the end making money is the ultimate goal, but we will see what happens tomorrow. I am also very excited to see both of my picks producing returns, and being a new strategy I was trying out, one stock with 12% in 4 days and another with 2.5% 4 days isn't anything bad. You can never look at a stock trade as, "I knew I should have boughten that other stock" just because you could have made more money. Any trade that puts money in your pocket is always a great trade, EOM.

Moving forward though, my goal with AXYX is to get out tomorrow or friday at a price over $1.20. Why a $1.20+ target price? Well, this would put my total account value back in the green and it would mean that I would sell out with gains of $350+. There was a small end-of-the-day push so hopefully this is some foreshadowing. We will see what happens tomorrow, but so far so good. Have a great night,

To the future,