Join the Party: PSC cashes out of Xenonics (XNN) for 28% gains
Today's Financial News - Posted December 4, 2009
Sometimes, you just got to move: TFN Penny Stock Confidential members take 28% gains on Xenonics Holdings Inc. (AMEX:XNN). This makes average gains of 48% with an average holding period of just 8 days this month!
by J. Christoph Amberger
Baltimore, MD TFN: Members of TFN’s high-volatility penny share service Penny Stock Confidential were instructed to take gains on Xenonics Holdings Inc. (AMEX:XNN) this afternoon. The stock was up close to 11% on no discernible news whatsoever. But gains seem wobbly and I can’t tell if this will continue.
Having entered the position on November 10 and sold today at $0.80.
Of course, there’s always the danger that we sell too soon. But then, holding too long is just as bad: I’m still heartsick about not taking 100% gains on MMRF two weeks ago,)
This market seems to be hostile to extended price spikes. I’d say let’s finish the week by taking a quick 28.16% off the table.
Which means that so far, PSC has generated average gains of 46.8%, with an average holding period of 8 days in the first month of our existence. Not to shabby, if I say so myself.
I expect movement in CombinatoRx, Incorporated (NASDAQ:CRXX) and ImmunoCellular Therapeutics, Ltd. (OTC:IMUC) early next week, so keep your eyes peeled for an alert.
See what all the fuss is about and become a Penny Stock Confidential member!
Next Article: TFN eNews 12/04/2009: A grim warning for the markets
Posted by J. Christoph Amberger · Filed Under Featuring..., US Stocks and Markets
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