Saturday super-trades - SMCG 35% gainer so far - MRM to Continue - UTA New

1) SMCG - super-trades.com was in at $1.36 on May 21st Read Blog Post. SMCG finally started its move Friday, May 29th and hit a high of $1.95 for a 43% gain and settled at $1.84. I would think this reaches my targeted $2-$3 range (depending on momentum) next week.

2) MRM - Bought at $6.40 on May 19th. See Blog Alert. It hit at $11.40 Friday May 29th for a 78% gain. They had a fantastic earnings report Read MRM press release. The reported EPS of $0.29 for the quarter vs. a loss of $0.29 for prior year and also said next quarter will be strong (What more could you ask for?). They have a float of 1.5m and o/s shares of 2.9m See Bloomberg. I am sticking with this stock as I believe this is an exciting turnaround business with a tiny float like BOOM was in 2005 and DDRX this year. I believe the next wave of momentum is due and this will see $15-$20. I am in this originally from the $6's and have added a few along the way so I have the luxury and cushion to see this play out.

3) DIT - This shows that while I believe my strength is finding stocks that move, I certainly do not always trade them correctly. Bought DIT at $32 on April 23rd Read Blog Post. It hit $41 on April 27th for a 28% gain in two trading days. Sold half up in high $38's and was stopped out on the rest around $34. It ended up going all the way down to $29.04 on May 8th and now all the way back to $40 Friday, May 29th. Crazy stock - as low floats can be.

4) UTA - In at $7.65 on Friday May 29th. New listing on the NYSE Amex. Chinese travel agency with $1.20 EPS guidance for this year. I believe this could see momentum and get compared to CTRP, a Chinese travel stock with a high P/E. See Blog Post

5) AXK - This was a rare daytrade for me. I normally don't daytrade. I will always post my new ideas on www.super-trades.com (you can sign up for free email alerts at the top of the blog), however if I think it is going to be a fast trade I will just post on www.thelion.com (Best stock message Board out there !!!) and Twitter See lion.com post
See Twitter post . AXK came out with news on Thursday about a test for MRSA. These kind of stocks have been taking off (See OCLS last week) and I figured this would get play on the news. I entered at $2.35 and it shot over $3 very quickly. The volume slowed so I took profit around $3.10 for a 32% gain and I am done. Not a huge fan of daytrading but will do it if it makes sense to me.

Important - Do not buy stocks just because I do. I am far from 100% accurate and some of my ideas do not work out as I hope. If a trade goes against me, the key is to limit my losses and cut it off. Chasing stocks after they are already up big is usually not a good idea. Do your own research on these stock ideas and manage your own risk. This blog documents my stock ideas and is not meant as investment advice. (See disclaimer at bottom of blog. Low float stocks can be volatile Float definition .