I bought MTW @ $6.50 … my first pick from my new screener (which is basically like my old screener except for looking for stocks over $5.)

I’m heavily leveraged on this pick so my risk is pretty high. I am in for 850 shares which basically means each penny moves me $8.50 up or down.

I’m looking for a gap up tomorrow morning. Most likely will try to sell it tomorrow morning whether it’s up or down. Although I’ll hold if it’s shooting straight up of course.

I’ve adjusted my screener in order to give me some higher priced stocks. Specifically I’m looking for plays on stocks that are over $5. Why? Because SogoTrade won’t let me use my margin buying power on stocks under $5.

These are the current stocks coming up on my new adjusted screener (which uses the same basic principle as my old screener just with the variables tweaked a bit to give me higher priced stocks.)

At 12:10 PM

ANR $28.56
SLG $22.35
ACI $18.49
MAC $17.73
ENER $16.40
KIM $11.49
KNDL $9.86
PLD $8.26
OEH $6.97
SDA $6.87
MTW $6.69
SLM $5.89

I just sold CENX @ $7.01 for a 4.3% gain from my entry point of $6.71 but since I was trading on margin that’s really more like an 8% gain.

It reached as high as $7.33 earlier and there’s a good shot it’ll go back up there today but I had to take my profits and run the way it was dropping like a rock just now.

GM $1.39
AIG $1.87
AXL $2.61
HERO $4.55
BEE $1.21
DDR $5.00
DRYS $7.25
LEA $1.79
SRZ $2.49
DAN $1.71

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LEA is jumping as I’m typing this… If I had the cash free I’d get in it.

I just bought CENX @ $6.71 because it’s shown some additional strength since showing up on my screener earlier.

I am nervous about this play* but I feel reasonably confident, all things considered.

I am in on margin on this one so my risk is doubled (but of course so is my potential gain.)

*I’m always nervous.