Pre-Holiday Whiplash

Traders are rubbing their necks in pain as the DJIA took wild swings in both directions. Different catalysts and factors such as rising oil prices, BSC woes, and pre-holiday selling pressure worked its negative force on the market dragging it lower. Still, by the end, the selling pressure eased and the situation didn't turn out as bad as it could have. Most of the new picks turned out fine and most of the add on's faired well.

Trade Journal...

New Buys: PENX, RBN, MFRI, TRNS, RRST, IRIS, YDNT

Add ons: SVLF, PHC, SXCI, PSMT

What didn't fair as well: SMTX, PED, YDNT

In Play

I have quite a few In Play stock candidates for today...

Here are just some of the stocks that are showing strength today: TRNS (new), MFRI (new), SXCI (previous pick), PKOH (previous pick), RRST (previous winner, good buy again), AERO (previous pick), SBEI (previous pick), IRIS (new) and YDNT (new play that is bottoming out)

Earnings Play, Strong Set-ups, etc....

Hey guys,



If there was one sure fire way to make substantial gains in the market it would definitely be by riding the coat-tails of strong CANSLIM quality stocks that post strong earnings or earnings surprises. Two stocks that you should keep an eye on include RBN and PENX.





PENX has already announced strong earnings and thus, its shares have soared today. Still, this doesn't mean that you are too late to the party. Low volume/float stocks such as these continue to experience high demand and therefore, continue to head higher in the days and weeks to come. It is important to establish a position in these highly volatile stocks as soon as possible in order to maximize your profit potential. Sure, the stock may come down a few points, form a pivot point and then head higher, but it may also continue to head higher without rest if demand far exceeds supply. Here is a chart of PENX


PENX

















































RBN has just recently released earnings after the market close. The stock has reacted favorably to the news and has jumped up quite a bit after hours. It is best to watch for a pre-market or intra-day low if you want to establish a position in RBN. Although you may not save much in percent wise, RBN is poised to head higher in the immediate future due to the positive earnings.


RBN

My next stock pick is not an earnings play. Instead, it is a small stock that is setting up a strong chart pattern that looks promising for the months ahead. The stock is SVLF. I have kept an eye on it for a while and I think that now is a good time to buy. The stock has recently bounced off of support at its 200 day MA and has recently reclaimed its 50 day MA. In addition to great technicals, the stock also boasts strong CANSLIM like qualities such as promising earnings growth and increasing sales.

SVLF

Carl Ichan's Diversified Gem

ACP (American Real Estate LP) is a stock that I have been following for some time, but just couldn't understand. Although the stock was easy to follow and keep an eye on, the company itself is another story. Is it a gaming play? Could it be a real estate play? Or better yet, is it a fabric and textile stock? The thing is, it is all three and then some. ACP at its core is a diversified operations company that branches out to several different industries. Its main parts are in commercial/industrial and residential real estate, several gaming facilities, resorts and fitness centers, and lastly, home fashion products and accessories (that's quite a bit). While what the company does may seem interesting, it is really the chart that has caught my attention.





ACP




ACP has taken quite a dip from its past highs. Despite this, the stock has found strong support at it's 200 day MA and seems to be ready to hit new highs soon.

Pick Up at the Pivot Point

Candidates: CPY, VSEC, GEOY, KEQU, TMNG



Recently Successful Candidate: AWH

Trade Journal

Add to: AERO, STS, SMTX, PSMT, IRBT, BZC

In Play: AERO, BZC, SBEI

BZC is taking an intra-day dip on very low volume. Usually, it's a good time to add more to your position when this particular stock does this. Also check out two speculative stocks: AERO and SBEI (coming off of a bottom).

Trade Journal

Profit Taking: CU, LPHI ( a bit more), VSEC (the rest of my position)

Added to: PED, CMCO, VCO, VCC, PHC (looking for a bounce), SXCI, NEOG

Loss: CHDX, SYMM,

Ugly Reversal Erases Gains...

Just when it looked like we would have a bounce to counter last weeks negative action, the market stops in its tracks and closes in the negative, just a few points shy of its LOD. Pretty nasty is the only way I can describe it. There were very few stocks that were unaffected by today's negative action. If this is an indication of things to come, its going to be an ugly week from start to finish. Still, you have to stand your ground and roll with the punches. It is still to early to start shorting and calling tops. Right now we have to be patient and cautious and ready for whatever type of action the market brings our way....

Hot Stocks for the Week of June 26, 2007

Hot Stocks: SEA, HAYN, ESEA, GEOY (good low risk entry), GCOM GEO, FCSX, BEAV CTV, BGC, AWH (low risk entry), VMI, FSLR, NPO. Most of these have been previously mentioned, while other such as CTV ( recommended this a while back at 20) have been old winners and past favorites.

Re-Shuffling the Stock Deck

I'm not sure if this is purely coincidental but I have noticed a strange phenomenon on all my charts from this past Friday. It seems to me that the institutional investors that shuffled around their stakes in different stocks. For instance, there seem to be stocks in which the big boys dumped in high volume and others in which they began to accumulate on above average volume. This re-shuffling of the "stock deck" shows that the institutions are betting on new winners and cutting loose old names and plays. It seems to me that the BearStearns hedge fund fiasco has prompted other institutions to be more wary and careful of what holdings they may have in their portfolio and that is what lead to today's catharsis. This also explains why despite the 180+ point drop, there were still many winners lurking beneath the rubble. Of course, this is just my opinion...

Note: After some info digging, I realize that the wild volume swings are a re-shuffling of stocks, but not because of institutional dumping, but because of a Russell Index reposition of stocks in Mutual Funds that mimic the index's stock holdings.

Finally, an End to this Madness....

I have to say that I am happy that the market just closed. Finally, we have an end to today's irrational madness. Subprime woes, BearStearns Hedge Fund problem and rising oil prices. Give me a break. The market looked for every excuse in the book in order to head lower. And head lower it did. One hundred and eighty five points for the DOW, and 28 for the NASDAQ. It got pretty ugly rather quickly. Despite this massive mess, many of my holdings actually closed either in the positive or slightly lower. I hope you all fared as well.

Note: Today's action seems very strange. Despite a nasty drop, many stocks have remained quite resilient to the markets actions. Also, there are many stocks that have experienced significant institutional buying, such as SLB, BGC, ACN and many others. Perhaps the big players know something we don't? Could it be that more cash is flowing into the stock market? Time will tell...



Some of today's winners: BZC, BOOT, CMCO, IRBT (by a hair), SMTX (by a nail), CVU (slightly), KTEC, TRR

Not too Bad: PED

Losers: CHDX, CTEC, SXCI, PSMT

Sold for Profit: EFUT

Sold for a loss: MTRX, MLP

In Play: CMCO

Here ya go. The last In Play Candidate of the day is CMCO. CMCO has been showing tremendous strength throughout the day despite the markets usual b.s.

In Play

Check out BOOT. BOOT has a very attractive chart and seems to be resisting today's market slump.

In Play: KTEC, SMTX

Keep an eye on both KTEC and SMTX as they are showing some strength today despite the crappy overall market conditions....

Avoiding the Blackstone Group (BX) IPO For Now...

Just like every other high profile IPO, BX fails to impress. Then again, I wasn't expecting it to be a worth while intra-day market buy. Big name (high caliber) IPO's always seem to dissapoint at their debut. The two exceptions were BIDU and MA, and that was quite a while ago. My advice is, keep an eye on BX and let it come down a bit before you push the buy button. I will also keep an eye on it and keep you posted on any proper entry points.

Breakout!

Hey folks,



Todays strong, postive reversal helped many stocks stage powerful breakouts. Below you'll find several of todays top stocks staging breakouts.

Stocks and Charts

AKS

SNHY

SNHY is an ol' fav that I bagged back when it was trading at 28.

WSCI

It's about time!

In Play: CHDX

Here is another good stock with a strong chart set-up for after hours or tommorow. Check out CHDX. CHDX has already reported earnings on June 13. CHDX should have clear skies for the next couple of months.

In Play: SXCI

SXCI is a good set-up at the moment as the stock is bouncing off the intra-day lows. This is the ideal price level to initiate or add to a pre-existing position.

In Play: ANET, PED, SVT, IRBT, MLP, BZC

Here are several stocks that are burning up the charts and setting up strong setups...

ANET, BZC (previously mentioned), IRBT (previously mentioned), MLP, PED, SVT

Ugly Distribution Day....

I hate days like this. Just when you think the coast is clear and its safe to buy, the market pulls a fast one and yanks the carpet from right under your feet. But after landing on my gluteus maximus, I get up, wipe the dirt off my shoulder and realize that it wasn't as bad as it seems. Sure, although we don't know what tomorrow could bring (could be another ugly one), I do know that no matter what situation the market places me in, I'll be ready with another strategy that will help me capitalize on any possible gains. Sorting through my list of potential long candidates was easy tonight. This was mostly due to the fact that their just weren't that many to begin with. Many of the new stocks that I was planning on buying today flopped. So back to the drawing board.

New Long Ideas: IRBT, PED, JVA, NEOG, PPDI, TGE, SYMM (keep them all small positions for now)

Adding to: VSEC, BZC, STS

Think about taking at least a little profit: VCO, LPHI

IPO watch: BX, of course

In Play: EFUT, MTRX, PSMT

The In Play Candidates....

EFUT- I have played this one before for a great return in a matter of days. The stock has a very low float (less than 100k), so watch out as the sharks keep flipping it. This one is definitely a Momo play. Play at your risk..


MTRX- I have kept this one on the radar for quite a while, but it wasn't until today that I felt compelled enough to recommend it as a play. Now is a good time to establish a long position in MTRX.

PSMT- I have recommended PSMT several times before. Now is another good time to initiate a position or to add to a preexisting position.

Charts

EFUT ( 3 month intra-day)

With an extremely low float (76,000 shares) and tons of shorted shares, EFUT is the perfect short- squeeze candidate.

MTRX (3 month intra-day)

Gotta love the breakout action on this one!

PSMT (3 month intra-day)

Lets see, a 2 million share float, great chart, increasing same store sales and good earnings...what's there not to love?

Hot Stock Watch...

Hey Guys,



Here are some interesting stocks that are sizzling hot at the moment. The majority of these plays are speculative as they are recent issues, AMEX stocks and low priced stocks. Out of all of them, BZC is the one that is closest to CANSLIM quality (strong earnings, sales growth, etc).




Hot Stocks

IMNY



Although I have previously mentioned IMNY a few weeks back, I still think it makes a good trade. The chart action and increasing volume shows that the stock is under constant accumulation.
















INFN


Despite the fact that INFN has just recently IPO'd, it is still burning up the charts with some high-flying action. Definitely worth at least a 100 shares at this level.

















CVU


Here is an interesting AMEX play that I like. CVU is a tiny company in the aerospace industry. CVU has a low float. Any positive news (such as another contract) can send the stock higher.



















BZC


BZC is my other favorite AMEX play at the moment. I have already recommended this at mid 12's. BZC has a low float and has been experiencing heavy accumulation during the past weeks (don't take my word for it, check out the chart). In my opinion, this is a good spot for one to initiate a position or to add more to a pre-exisiting position.














COMV




COMV is my second favorite recent issue (besides INFN).

NR



This is a good time to initiate a position in NR, as the stock is near its 50 day MA. It is important to note that NR is a high quality stock with great EPS.

CHINA


Quite frankly, I am sick of these super-speculative China plays. Still, if this is your thing and you missed the run-up, this is a good time to grab some CHINA.





















CYBI

ADAM

IRBT

TSYS




Although this one has been burning up the charts for some time now, it is still a good pick that can head higher.


























TA


A nice longer term play/investment

Trade Journal

New Buys: CXG, RDNT, STS, INWK, IIIN

Added on to: BZC, BSQR

Sold for Loss: VNX

Sold for Profit: VSEC (sold a little bit more), HTCO ( a lil bit)
---------------------------------------------------------------

Update (12:50 pm) Most of my new buys as down at the moment as I bought them early on in the day. These are just initial positions so I will give them a few days to see how they play out.

There are stil alot of interesting stocks on my radar. Unfortunatly, due to the fact that I have so many stock on my radar screen, I am unable to buy them all in a timely fashion. Some interesting ones include: Here are some stocks and trading notes...

CUB (nice chart but the stock isn't providing a decent entry point at the moment. Wait and catch the dips near the 10 day MA). COMV (this one is en fuego at the moment)

Trade Journal

Covered my short position in BARE for a 10% gain. I am sure that BARE will continue to head down even more in the immediate future but I need to take my profits and free up funds...

VCC- Sold some of my position for a loss

--------------------------------------------
Profits:
VSEC- Took some profits. So far I am up over 30% on this stock.

PSMT- Took a lil profit

PLPC- Took some more profits.....getting close to 30%

New Buys: BZC, VNX (so far I am down 7%, unfortunatly)


Thinking about:
TRR options. If anyone followed my recommendation on TRR options, they would have netted over a 100% gain in a rather short time frame. They are still attractive and I am thinking about picking some up.

Back on Track?

The markets have bounced off support and rallied back up. But are we back on track? This will be determined by the markets action in the next few days and weeks. We have definitly experienced a positive move but the question is, will it continue? The only thing we can do is stick around and find out....

Topsy-Turvy...

Just when it looked like the bulls had the upper-hand, the bears had to come strolling through the picnic. Needless to say, the picnic was trashed, as were bull's hopes of closing at the HOD. Instead, by sessions end, we close at the LOD. Definitly not fun. As for me, I have begun to cut my long positions and I have taken even more profits. It doesn't make sense to risk it. Many of my stocks have done quite well and deserve some profit taking. Others haven't done so well (such as VCC). Still it doesn't matter what direction the market wants to head. I only wish it made up its mind a little sooner so that I know whether to start shorting everything in sight or if I should just sit tight and wait this out. It sucks being stuck in a sideways market. The only decent new longs that I found are EVOL, BZC and VRGY. As far as shorting, I wouldn't mind shorting anything that is showing a climax top or a major moving average failure (50 and 200 day). Until I have a better understanding (or idea) of where the market is heading, I plan to keep trades on both sides of the fence quite small.

Nick. M. H.

In Play: BZC (Breeze-Eastern Corp)

Once in a while I find stocks that are not only great trades but also longer-term trade or investment material. When I look for longer-term trades or investments, I search for companies with improving earnings, sales and future growth. I also look for a stock that has a promising chart or chart pattern, accumulation, volume increases. Basically, I look for CANSLIM quality stocks. The stock that I found is BZC. It is not quite yet a top CANSLIM pick but it could be. I like BZC for many reasons. Decent insider ownership, small mutual fund ownership (room for improvement), 6 million share float, and no Yahoo Message board spammers (it doesn't even have a MB). The stock has great earnings growth (70% YOY), strong sales (IBD gave them a B), and the RS is improving. In addition, the chart is also improving. Looking at the chart, this seems to be an ideal buy point for BZC. By buying at this level you can minimize your down-side risk. So what does the company do? BZC is a manufacturer of rescue hoist systems, cargo-lifting equipment and weapons handling systems. Interestingly enough, the company is a leader in helicopter-based hoist and cargo hook technologies as they encompass over 50% of the world market for these products. With our country at war and a demand for the lifting and hoisting products to rescue troops, deliver meds and food products, BZC is a no brainer in the fundamental and investment potential department.

Breeze-Eastern Corp (BZC - AMEX)

Father's Day Play

Hey guys,

If theres one thing I love, it has to be situational plays. There are the candy and chocolate stocks such as CSG for Easter, the occasional tax-preparing company around tax season, Build-A-Bear around V-Day, so on and so forth. Another good play is Father's Day. For Father's day, check out ELY (Callaway Golf). Right now is a good time to grab some since it has come down a bit. Sell if ELY closes below the 50 day MA.

LLNW or INFN?

Hands down, I like INFN better than LLNW. At least for now. LLNW has experienced some over-hype (i.e. NMX, FIG, IBKR, etc). I believe that INFN can head higher from here. It remains to be seen where LLNW will go from this point. Are there other recent issues that I like? I also like BAGL, STAR, FBCM BGS, SLH, ATV (as long as it can bounce off of its 20 day), COMV (bouncing off of its 20 day), OREX (10 day is serving as support), EDN, CEL (watch for support at the 10 and 20 day).

The Pullback and the Bounce??

The recent pullback that we have experienced has given me a reason to be cautious. Although we had a decent bounce yesterday, it is going to take a lot more than that to get us back on track. It would have been nice to see the market close a bit stronger (perhaps up 200 points), and to see less cautious selling. The big question is, will this bounce get us back on track or is this simply just a short lived, oversold bounce that will lead us even lower this coming week. Some of my positions took a beating and experienced some selling. VCC and PHC have been hit rather hard with increased selling pressure. With VCC, I am looking for a bounce or recovery off of the 50 day MA. Hopefully we get it. Otherwise I may sell my position. It doesn't really matter to me as I am still up nicely on that position. Still it is a shame though as the stock has a nice cup with handle formation. All VCC needed was a little good news to help increase other peoples interest in the company. I am also looking to add to VSEC as it looks rejuvenated after that rest at 70. PLPC needs to bounce off of its 10 day MA if it hopes to save its trend. Other stocks such as PSMT have bucked the trend and headed higher despite the overall markets chaotic behavior.

Sorting through the mess...

Yikes! After another ugly down day, the bulls called it quits and the the market capsized under increasing selling pressure. Despite this mess, there are several stocks that have remained quite resilient. Most of my stocks did not fall as much as I thought they would One of my picks, PSMT, actually pulled off a 52 wk high. I also made a new long entry today. I have been following BSQR for some time and decided to pull the trigger and grab some since it showed some strength. As it stands, BSQR also closed up nicely. Although that is nice and all, most of my other holdings did close in the red. Is it time to short the market? Its getting awfully close. Lets see how the market acts tommorow....

Trying to not miss a beat.....

Hey guys,

For the the short-term, the markets are looking pretty bad. I am starting to form a short position plan just in case we can't jump out of the down trend. The way I see it, in a market that is filled with M&A and buy out activity, it simply isn't safe to short stocks. Companies are always on the look out and will want to buy a stock whose price has depreciated in value. So, if you want to short, short stocks that are very unlikely take over candidates. This can include companies such as MSFT, GOOG, PNRA, etc. Do not short small-caps that are attracitive in their evaluation such as SNN, VSEC, SPAR and stocks such as those. Look for bigger, older companies that have as large market cap, such as DNA for example. Still, if you don't want to take on the added risk, you can also short ETF's and buy inverse or bear mutual funds.

Ugly Reversal

Hey guys,

Just when we thought yesterday was bad, today's action hits us even harder. Time to take some profits? You bet. But notice I said some. Today, I took some profits in LPHI, VSEC, and a few others. So far, there haven't been any new buys as most of my exisiting holdings are doing just fine, including some recent adds such as EBIX, DAVE, and KTEC. The older picks are still doing good as well. VSEC, VCC, PLPC, RSCR, MVSN, HTCO, SEA and many others are just fine.

Some short ideas: PNRA, VE, ABM, SMG, BARE, POM (watch out for resistance at the 200 day), HPY, and OXM. All short picks should be regarded as speculative, so don't go crazy with the shares. Also, short picks should be regarded as trades and not anything long-term. Finally, use caution as you never know who is the next merger or buy out candidate!

Long Candidates: I will try to post some new candidates tommorow.

Trade Journal

Added To: VSEC, VCC, PHC,

Took Profits: PLPC (a bit)

Trade Journal

New Buys: DAVE, EBIX, KTEC

Added to: PLPC, VSEC

The Stocks that Can Help Save the IBD Index...

Hey guys,

Once in a while, I take a peak at the IBD index, just to see which new or current stocks can help lift the index higher. As a measure of market and stock performance, the IBD 100 Index has been outperforming the general market indices for quite some time now.
I have been an avid fan of the IBD paper and the index since I began trading in 2005. There is only one problem. I feel as if the index has been lagging. In 2005 and upto May 2006, the IBD 100 index was doing great. Lately, I don't even know what the heck is the logic behind some of their stock selections. For instance, some of this weeks new entries have no business being placed in the index. Stocks such as DRYS, COH, HWCC and BCSI, while strong fundamentally, have no reason to be placed on. Is there some hidden political reasons for their inclusion or a glitch in the computer program that picks the stocks? Who knows. All I know is that charts on those stocks are flawed and not showing strong technicals. What is the reason for adding DRYS now after the stock doubled? Was it not good enough after it broke out at 20 back in February? Also, the charts on COH and HWCC look like a mess as well. Still, despite those lackluster inclusions, IBD has a shining ray of hope left. They also picked some decent stocks as new entries as well. Stocks such as TLVT, ELP, FCSX, and RRST are good stock picks and can definitly head higher. I know it seems like I'm coming off on a rant, but I really want IBD to shape up and put out some more promising stocks on their list if they hope to continue to outpace the major indices in the weeks and months to come. This of course is just my opinion. Some of you reading this may disagree with me about IBD's methods of the IBD 100 List selection or their performance in comparison to the S&P and its all good. I don't care. Your probably right. The only thing I care about is the fact that they are sometimes sloppy and careless about what stocks they place on the index (and when they choose to add them).

Here are some charts of this weeks top new entries....

APLX

APLX is a great long-term trade that continues to appreciate in value. I remember first spotting this stock when it was trading for no more than 8. Now the stock is at 16 and is begining to generate some more investor intrest, hence the healthy accumulation in volume on the right side of the chart...

ATHR

ATHR has been doing quite well since it came out of a strange double bottom (at 15) and base pattern a few months ago. ATHR is a rather new issue (just a few years old). I expect it to hop around 29-30 for a bit as it works on a handle. I would long it on a breakout that takes it above its level of resistance of 30 and into uncharted territoty. After that, its blue skies for ATHR...

ELP

ELP is one of the more attractive trades out there. The IBD inclusion will undoubtedly help it soar upward from here. Just becareful about some possible resistance just north of 20.

FCSX

If first recommended FCSX shortly after its IPO debut. Unfortunatly, I sold while it was still under 50. The good news is that FCSX looks ready for another crack at 50 and beyond. The technicals and chart action are definitly en feugo on this one. Yes, FCSX makes another good buy at this level.

RRST

Although I had just recently played RRST as a quick trade just a few days ago, I still think that RRST makes a good long at this point. The IBD list inclusion should help catapault it to new heights in the upcoming days and weeks.

SJR

If your looking for a great media/communications play, SJR is the hot ticket right now. It is a safe, CANSLIM quality stock that can definitly head higher.

SRSL

Although I played it as a quick trade back in Nov. of 2006, I believe that SRSL is setting up a nice chart that shows some upward potential in the weeks and months to come.

TLVT

TLVT is a rather new issue that has recently broken out of a cup with high handle pattern. The stock is showing great strength and can definitly move much higher. I like this one alot. It also still relatively low key, but watch out on Monday. I suspect that the IBD inclusion will fling this stock even higher.

Satistying the Appetite of the Bottom Feeders...

Admit it. Sometimes when we see a stock that has fallen for many weeks and months on end, we sometimes become tempted to initiate a position believing that we have caught (or found) the stock at its absolute bottom. After several days or a week, we are often dissapointed to see the stock continue to plummet to new lows. Trying to call or catch bottoms in stocks is one of the biggest mistakes and errors that amateur and novice investors and traders make. In reality, it is really difficult and risky to catch a real bottom. Still, those who are fortunate enough to catch a stock at a true bottom are rewarded with a larger return on their invesment. So, are there any stocks that may be bottoming? Yup, there are a few. Lets take a look at them, shall we?

NMX

This is a classic double bottom-like pattern. I expect it to continue to drift between 123-128 until it pops up on some good news. But definitly a good time to add.

FNET

Although it got hammered shortly after its debut, FNET is back with a vengence and ready to start a fresh, new uptrend.

FLOW

It looks like FLOW is bottoming out and ready to start its uptrend along with all the other attractive stocks in its group (i.e. ATU, LECO, HDNG, KMT, etc.)

RSCR

ALthough not a true bottoming stock, RSCR has just recently had its 50 day MA cross over its 200 day MA which is a true indication that it has bottomed and ready to head higher...

JDO

JDO is probably the riskiest stock out of the bunch. Still, I believe that JDO can easily double from this point. A nice, super-speculative buy.

NYX

With the Euronext deal done and the stock double bottoming at 80, it is safe to say that NYX has become rather cheap. The double-bottom pattern also offers a low-risk entry for those who are TA savvy.

ASVI

Yes I know, ASVI has already burned me once. Still, I do believe that it has put in a bottom (or at least it is close to putting in a bottom).

TOD

TOD is one of those low-priced stocks that make good long-term investments. For traders and shorter term investors, the stock is putting in a bottom (placed at the dip at 18.5) and is preparing to initiate an uptrend.

TBL

I love the boots but for a while, I couldn't stand the stock. Finally, TBL looks like it has put in a decent bottom. While the 50 day is light years away from the 200 day Ma, TBL has some room before it meets any resistance. I believe TBL is a good buy here. Add more when it clears the 200 day.

SJW

Although SJW was lousy pick when I recommended it a few months ago, I think that it put in a short-term bottom that nimble traders can play. I would long it here until it meets possible resistance at 36.

ICCA

ICCA is a great long and a good bottom fishing candidate.

WRES

WRES is a last minute addition to this post. This is a good example of a stock that has bottomed out and ready to head higher. Notice that the 50 day is over the 200 day MA.

End of the Week Recap...

Hey guys,


What a week! Better yet, what a month! Without a doubt, May was definitly rewarding for me and I hope it was for you as well.

So, how has the week ended? Definitly on a positive note. First, lets look at the stocks in which it was time to take profits in...

ESEA, GLDD, SNHY

Partial Profits: CCIX, TWI, UNCA, RRST

Add to: CU, VCC, PHC, UNCA

Losses: VSCN, ASVI

Trading in the red: TRR

Interesting Stocks: NAVZ (looks like another mine-proof military vehicle play...)

Recent IPO's that I like: COMV, ARUN, PCS, ATV, OREX

New Trade Ideas: MVSN, IMNY, ICCA

Trade Journal

Profit Taking: ESEA (the rest of the position), GLDD, CCIX (some of the position)


Added to: TWI, VCC (nice dip down to 7.65), AXYS


Trying to Add to: VSEC, PLPC (waiting for both of them to dip)


New Buys: None as of yet...


Loss: VSCN (sold half my position for a loss)