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: AXYS (rebuy), CALM, GBN
Add To: XTLB
Short Sale Ideas: FSLR (if the stock closes near the LOD on high volume (over 6M)
Update: No new buy candidates...
posted by Nick M. @ 1:12 AM
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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2 Comments:
You think CALM will close that gap? I don't have a very good volume indicator. It's not too intraday friendly.
-Chad.
Chad,
It has a high chance of closing the gap since this is a late stage breakout in a market correction. I merely posted stock as a short term buy candidate. Whether it makes a good short term trade remains to be seen. This is a difficult market to find good setups. The days of the easy stock trades are long gone. I would say grab CALM if it dips down to low 32. It should bounce back up nicely once it retraces down to that level. The volume on CALM was strong yesterday but, the institutions abandoned this stock back in late January 2007. This move is being orchestrated by traders and individual investors so it is not as solid as I would like.
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