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CVO new breakout

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One of three stocks held in the Collective2 portfolio. Finally breached long term resistance on a closing basis. I raised the stop on the initial position. CVO has first featured as a Gold Member pick (subscription required to view) for August 24th Click to verify my Collective2 rating of 854

Collective2: No change

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Likely to see these positions stopped out as the market weakens. I am letting the market decide which to cut. Won't be going long on new positions until I see market indicators improve. Click to verify my Collective2 rating of 854

Marektocracy: Cut ERES. Lowered limit order sell on NOVA

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ERES is hugging support and looks ready to take a dip - so I have cut this one. NOVA never filled at $6.69 so I have lowered the limit order to $6.52. CAMP has also been cut. Just leaves GTI in the account.

Marketocracy update

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Not such hot times for the portfolio. No changes made (I have a limit order for NOVA close to resistance, the order just missed a fill Wednesday).

Collective 2 portfolio $29.95 / month on profitable months only

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Collective2

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In addition to the Marketocracy account I am also running a "Pay-as-you-profit" program through Collective 2. The fee is $29.95 per month only billed if the monthly return is profitable. There are hundreds of system choices one can make ranging from the $10s to the $1000s.

NOVA to go

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Lost $6.76 support in lunchtime trading and failed to recover into the close. Looking to exit tomorrow.

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