Wednesday, June 27, 2007

Collective2: OMNI out

The final position in the portfolio was sold after a close below the most recent reaction low. OMNI Energy Services looks like it will test the 50-day MA, to coincide with oversold stochastics and possible 'buy' trigger (a decent bounce opportunity). The 1,000 share lot closed with a +$1,470 profit (+15.15%).