In Play: Coleman Cable (CCIX)

Hey folks,
Today's in play stock is Coleman Cable (CCIX). I have mentioned CCIX before as a good trade for anyone who doesn't mind a little risk. I believe that CCIX is a very volatile stock with a lot of energy. Once this thing gets moving on positive news I wouldn't be surprised if it doubles. The stock reminds me of EFUT and other stocks that engaged in short monster runs.

In Play: Novamerican Steel Inc (TONS), Gottschalks Inc (GOT)

Both TONS and GOT make decent trades...

In Play: Calgon Carbon Corp (CCC), Chicago Bridge & Iron (CBI)

For today, check out CCC and CBI...

In Play: Grill Concepts Inc (GRIL)

Just wanted to give you guys the heads up on a stock on my radar screen that is looking really good today. Check it out. If you like it, play it...but at your own risk as today is going to get really choppy....

Grill Concepts Inc (GRIL - NASDAQ)

New Sells And Buys...

Hey guys,

I really like how the market bounced up nicely. The only thing I regret is that I began to sell a significant portion of my stocks when the drop first happened. I didn't think we would have rebounded as nicely as we actually did. Oh well. I missed out on a another nice comeback in KALU. Still it doesn't matter. I had been in KALU since they emerged from Chapter 11 and took profits at low to high 60's. I had bought back into it between 70-72 but sold it as a breakeven and loss at 70. I may jump back in if we clear the old 52wk high of 77. What else is good? BKE seems to be hanging in just fine. Bare is still iffy in my eyes, while PSYS is doing just fine. Oh and yeah, I sold my PXR position for a 20%+ gain. It jumped over 18% today on a buy out bid which is always a pleasant surprise ( i love buyout bids in stocks I own =P ). HINT is up nicely with institutional buying today. I think earnings are going to be great and so do the big boys, so load up before they announce results this Tuesday. Monday maybe the last chance to add to your order before the news is out, so keep an eye on that. I was looking at GLUU as a buy, but I don't think its ready just yet. MIPI is interesting, so watch that. ARAY is coming back up nicely. Now is a good time to pick up ARAY. FIRE - I like this one as well. BBND- BBND is dissapointing me at the moment. GFA- todays dip was a good time to add as the stock bounced up from the days low and closed above the days midpoint. CCIX- this is a new one that I recently picked up. It is very volatile and possibly low float (I can't find the actual float numbers). PSUN - not my fav clothing co., but the stock is doing good. I like it. VII - Good call at 7, huh? Ya gotta love it! I think that even at 11 it still has more steam left. SYNL - still good. MDU and SSI - all good. EPHC- you haven't seen anything just yet.

Longs: EPHC, VII, CCIX, SYNL, MDU, SSI, GFA, ARAY, FIRE, BBND, HINT, PSYS, BKE, MIPI, OEH

Looking to buy: KALU, ZOOM, GHS, GMO, LNG, SYM, FCH, NX, MOV, GMT, HAYN, UUU,....

Sold: PXR

Looking to Add to: AFAM, EPHC, HINT, FIRE, GFA (i), TONS, CCIX, ARAY, NGLS

Pleasantly Surprised.....

Hey folks,

I am pleasantly surprised by the recent action. After a string of positive news and positive prospects on the rate of economic growth in the U.S., the markets lifted up quite nicely, with the DOW launching up over 150 points. The indices all closed near their HOD, which is what I like to see in a comeback. Still, I am not convinced that the danger of dropping back down is over. Despite this, I am back in with long positions. I had to get rid of some laggards such as KEI, but I am back nonetheless with some old names and new names. I am in HINT, NGLS, GFA, ARAY, FIRE, BBND, PXR, CSU, EPHC and a few others. By the way, I took profits in CIA today.

IPO Spotlight: Bigband Networks Inc(BBND)

Hey folks,

I just wanted to post about a new IPO that I think you should know about. Bigband Networks Inc (BBND) has just debuted on the NASDAQ and I think it is worth a nibble. Despite the fact that the stock has already jumped up 30%, I still think it will head even higher next week. As far as a good buy point, that all depends on tommorows action. I am planning on adding a position tommorow on any pullback. The stock has only 10 million shares out on the market which means that you should expect some volatility on such a low IPO float. Goodluck if you choose to play BBND!

Just as I thought....

...the markets just couldn't hang above resistance. Just when investors thought the DJIA could hold above 12,300, the index crashes down and does not establish support. I hope most of you finally realize that we are in a downtrend. It should have been registered in everyones brain since the day the markets crashed at the end of February. Sure we had a little oversold bounce, but that was nothing more than just a last chance to dump your holdings. The brokerage and investment firms and banks have been screaming to the public to not be afraid and that this was just a temporary drop. Yeah right! They told the people this in order to bring up prices (through buying) in order for them to dump their holdings at a higher price. And if you believe otherwise then you need to learn how this game is played. Anyways, most of my longs have been liquidated and I couldn't be happier. It is hard to worry about school and the market at the same time so it only makes sense for me to get rid of everything. Unfortunatly, my busy schedule has not allowed me to establish many short positions either. I know I have been mentioning a couple during the past few weeks. So far ICE looks like a go ( I mentioned this one already). Some others are AVT, SAY, PCU and others.

For those who bought my recommendation of PPD, now is a good time to trim some as it may pullback. I know that it is being fueled by an incredible short squeeze, but in this unpredictable enviornment, I'd rather be safe than sorry. It is also a good time to take some profits on JSDA as well.

Stocks doing good: SAFM, BDSI, PRGX

Still Long?

If you are, you should start thinking about unloading some positions. Yesterday was another unloading day as the DJIA has failed to break through (and close above) resistance at 12,300. I took profits in TWI (shares from 19 and 2o $6-7 gain), KALU (shares from 70 and 72 $0-2 loss). I still like BARE and I think it may head higher. I also like JSDA and also believe that you should hold this one for longer. Also, if you were INXI, now is the time to take profits as the stock closed near its LOD after it hit a new 52wk high.

An interesting (and volatile) long that I have recently picked up is CDI. This one tends to run all over the place (up, down) in the course of a single day, so if you choose to play it, be careful and do not over pay.

Short Idea: MWP . I have to first say that MWP is just an idea for now. If you plan on shorting it, make sure it first begins to falter and then go in for the kill. Shorting a stock before it breaks support levels is never a good idea and I learned this the hard way (when I first started to look for shorts). Unless you are a 100% sure that a stock will begin to decline from its 52wk high, you shouldn't short anything unless it is failing to hold above its MA's or support levels. So, for now, just keep an eye on MWP and watch to see if it falters. For now, it is just a good candidate as the stock has had quite a run from 20-63 without much of a breather. In addition, MWP is also not as cheap as it just to be and it has reported lousy earnings.

Futures: Long: Cattle, Soybeans, U.S. Dollar

Still Staying Defensive...

I like todays action but I can't trust it. This is nothing more than a bounce up that resulted from the markets becoming oversold. Who knows, we may continue going up and breakout of the down trend. We have a heck of a lot of resistance to overcome and it will not be easy. Personally, I am sitting on the side lines. I cut down a lot of my positions and have even sold many of them completley. Some of the ones I still hold include ATRI, GBR, MNTG, GLDD, and HINT. If you want to play the long side of the fence, make sure you pick some good, strong longs. I am very busy with school so I will not be able to comment on the market or post picks as often as I like. It will probably be like this for most of the spring time. I apologize for this, but I have to do this in order to place all of my focus on my studies and concentrate on finishing the semester.
For now, here are a few longs...

LIFC, TESOF, CPCI, BRKR, BWLD, PPD, MWE

Not a good time to be long.....

I was expecting a nice positive reversal after the big drop, but who was I kidding. A drop such as that can only signify one thing: Trend Change. That's right, it is not time to be fully long. Of course, there will be some longs that will resist this downward trend (there always is a handful that do), for the most part, it may be better to be short. If you want to go short and your are a novice to shorting (such as I am), start with ETF's and the NASDAQ Trust. If futures are your thing, go for it. With stocks, you want to short those that are violating their 50day Ma. Sure, you can short them if they violate the 10 and 20 day MA, but they could always bounce up from there. If they violate the 50 day and are showing weakness while trying to push themselves up, then you have yourself a good short. I have a good short that I am planning to unveil but I am waiting until its a definite short. I will share it with you then.

Taking a Defensive Stance...

Hey I know, the market has had its worst drop since 9/11. It is still hard to believe that the DJIA fell over 500 points just two days ago. I have been slowly taking a defensive position in my holdings and simply trimming down my larger positions. The sell off wasn't as bad as it could have been but the actual large percentage drop in the markets was hardly called for. Basically, it was grossly overdone. There are so many stocks that are at insanely low P/E levels that it is hard to believe that the market drop was caused by inflated stock prices. Oh well, there is no arguing with the market. All we can do is sit tight and see what happens in the next few days and weeks. The last thing you should do is pull your hair out and have a heart attack over this. This is just a phase and it is temporary. Once the overall trend of the market is re-established, there will be money to be made (and made back), whether we go long or short.