Arena Resources: Dark Horse

Today's big news was Warren Buffet's purchase of Burlington Northern, which lifted both Industrial and Energy stocks. I bought Arena Resources Inc. (ARD) shares on the news and it was a great call with ARD up 5% for today. Actually, Arena Resources is my dark horse and I am planning to buy-and-hold it's shares once we switch strategy next week.

3% Return Strategy:
- Buy a stock at weakness or strength
- Sell after 3% price increase, or 6% price drop

03 November 2009 Transactions:
- BOUGHT 80 SHARES OF ARD AT $38.10

- SOLD 80 SHARES OF ARD AT $39.24
- Commission $14

03 November 2009 Positions:
80 SHARES OF TJX
200 SHARES OF GE

Account Balance:
Starting Account: $10,000
Current Account Value: $10,332
Net Gain: $332 ... 7 days