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.
New Buy Ideas: ACOR, AUXL, CZZ (rebuy), DEPO, DPTR, DVAX, PTEC (rebuy), SMTS, UWN, UXG
These are just a few long ideas. Of course, not all of them will perform well. Concentrate on the ones showing the most strength.
Update 2:30PM- So far, AUXL is the only one showing any real promise.
Add To:
Sell:
Short:
posted by Nick M. @ 8:22 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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8 Comments:
Loaded up some uxg !
Yre,
I hope you didnt jump in too soon.
I was whipsawed out of CZZ early this month. What's your theory on it?
I see declining oil prices having a bad effect on ethanol plays like CZZ.
-Chad.
Chad,
I also got shaken out of CZZ a few weeks ago. I like CZZ just because of its technicals and chart pattern. Others (longer term investors, etc) like it because it is an agricultural play. I mentioned it as a trade idea soley on the technicals.
I see a consolidating mess over the last 20 days. Can you throw up an annotated graph of what you're looking at? You can email it if you'd prefer. I'm curious.
I pick up the higher lows, but with lower highs going with them...
Sure CZZ is consolidating from its previous high, but when I look at the chart, I see a stock that is setting itself up to spring higher. I like CZZ just based on yesterdays action. Even todays action was not that bad considering the stock closed well off of its LOD. It would have surely been a mess if the stock retraced its entire Jan 28 run up. But it didnt (unlike SUSS for example). This to me is a postive technical sign.
Chad,
If you still need me to explain it in better detail, leave me your email so that I can send you the chart highlighting some of the key points.
No, man, you got it. I was looking up something for one of my own last night and noticed the same patterns in a lot of different examples; "penant" or wedge-ish.
Thanks!
-Chad.
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