The Ambitious Trader: Stocks, Trading, Investing..My Ambitions as a Trader and Investor

This is a one way ticket that takes you on a wonderful journey into the vast world that is the stock market through my eyes, my point of view.

Friday, February 02, 2007

Stocks Finish Week on Strong Note...

Hey folks,

What a week! I have been so busy with school that I haven't had a chance to post for a bit, but I am posting today to just give a heads up on things. For one thing, continue to add to your top stocks and get rid of any lagging stocks. I expected some stocks to pull back today on profit taking so its no big deal. If for any reason you have a stock that posted bad earnings and dropped a huge percentage, get rid of it before the losses escalate. Instead just buy another stock that may have already reported great earnings and is breaking out. Do not be afraid of grabbing the stocks that are breaking out, such as WEBX, SILC, ROCM, CUTR, CNH, CROX, CRM, etc. They are hitting new highs and breaking out on high volume for a reason-they are doing well and institutions and smart investors are buying them up. You may feel that you missed a 7% gain on some of them but if you continue to hesitate, you may be kicking yourself in the a$$ a few weeks later when you missed a 30% profit.

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