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

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Thursday, March 27, 2008

Stock Picks and Trade Ideas for Friday

New Buy Candidates: GU, TNS

New Buy: GU (in at 12.58), TNS (in at 21.51)

New Short Sale Candidates: ARGN, COIN, PHH, SCHL, SMA


Add To:

Sold for Profit:


Sold for Loss: GU (covered)

5 Comments:

At 1:09 PM , Blogger Nick M. said...

HLF has setup a decent short-term short-sale opportunity. The funny thing is that it is setting itself up just the way I described it would...with a a decline right below either its 10 and/or 20 day Ma on heavy volume with a LOD close (preferable).

 
At 8:37 PM , Blogger Yre said...

HLF sure is a gold digger.
GGP also looks like standing on the edge of the cliff.
Wht say Nick.

 
At 8:40 PM , Blogger Nick M. said...

Yre,

HLF got hit today...just like I described it would. GGP is still not finished bottoming. I'd stay away from GGP for now. Besides, being a REIT, you can't expect a high return from this stock.

 
At 10:19 PM , Blogger Yre said...

Nick, I meant shorting GGP ! I started building position since 40's... if it goes up I will add more to my short position.

 
At 10:15 AM , Blogger Nick M. said...

Yre,
My mistake. I would just be careful with shorting it further as GGP may find some strong support at the 30-35 range. Think about taking profits when it back down to the mid to low 30 range.

 

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