Locking in MDR here at 12.40

I'm locking in the gain on MDR here at 12.40 for a $2.50 a share profit. Stock looks great but I think the market is set up for a sell the news reaction on Monday and I don't want these profits to get away. The S&P is about 6 points away from its 50 dma and looks like a perfect setup for the new bailout/Geitner plan. Will look to add back on a light volume dip. I'm not saying it doesn't have more upside ahead but in this market you have to take big gains when you have them and remain nimble.

JAX

UPDATE 1:00 PM: SD is about to break through 7.50 and this is what I have been waiting on for this position. I think the technical setup is nice for it to breakout but I am a bit concerned that oil is not going to allow for this happen. Oil has been down most of the day and I really think it will struggle to push off $40 if we get a sell the news reaction. So if we get through 7.50 and big volume hits I will let it run (volume has been rather light thus far today). If volume doesn't hit I am going to go ahead and lock in at least half should it fall back under 7.50. The rest I will put a stop on around 7.25 and will probably sell into strength if we get a run into the close. I will continue to keep this on the radar and over the weekend will post another watchlist of oil stocks to keep an eye on next week.

Update 2:00 PM MDR managed to climb another 35 cents after my sell so congrats to any of you that held on a little longer. And congrats to any of you who held onto GRA an extra day as it added on another 5% today. (I would be a seller here as it has made a Vish looking bounce on lighter and lighter volume.) But really congrats to any of you who were able to make money on any three of these stocks over the last week. It has been a very successful week for me and was really one of the easiest setup and trades I have made in the last several months. Any way I plan on trying to post a video over the weekend on how I chose these specific stocks (technicals, fundamentals, catalysts, etc.), and why they offered such good R/R. So be sure to check for that this weekend or sign up for the RSS feed and you will get an e-mail when I make and update.

Sold half of SD at 7.48 by the way.