Stock Picks and Trade Ideas for Monday
New Buy Candidates: NUS, PHTN
New Short Sale Candidates: PANL
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posted by Nick M. @ 2:17 PM
Sunday, March 16, 2008
About Me
- Name: Nick M.
- Location: United States
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.
Previous Posts
- Volatility Throws the Indices All Over...
- Very Confusing Market...
- Stock Picks and Trade Ideas for Thursday
- Trade Journal
- Shorts Sale Candidates Continue To Outperform
- Potential Short Sales
- Stock Picks and Trade Ideas for Monday
- Stock Picks and Trade Ideas for Friday
- Trade Journal for Thursday
- Stock Picks and Trade Ideas for Thursday
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11 Comments:
bsc for 2dols.. was 100+ few weeks ago.. god save the market. Go short LEH
Yre,
Its really hard to believe how hard BSC has been hit, but this is the reality of it all. The credit crisis created a big problem that the Fed and the public have not come to realize yet. I will be bullish on the market when the Fed starts raising the interest rate. For now, they can try and cut it all they want. As long as they cut, the economy is in bad shape. Shorting LEH may not be such a bad idea. Surely BSC is not the only institution that is hiding dirt under its rugs. I am sure most of the investment banks are in big trouble. MS is another one to short
Funny thing is that I was short BSC back in August. I know I shouldn't have covered. Had I held on, I would have gained a near 100% return on a short position. Just my luck!
...2$ a share for Bear Sterns! Incredible. This company weathered the Great Depression and reaches back 80 plus years. Good Grief.
But who's making out here? Ole' Pierpoint Morgan's namesake is taking on their sub-prime exposure risk, sure, but gaining a brand new building (probably valued over 1,000 dollars per square foot), and an entire additon to their banking system for garage sale prices. What an incredible piece of news...
kbx sure is on fire for now. Got in at 1.20.. not sure if it is time to jump out or add more...
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No Movement in ANF.. been a long wait ..
Guys,
Its been a crazy day. The one big highlight of course was the Bear Stearns News. I hope none of you got hurt from it. Then again, I know that my readers are smarter than that and I know that none of you try to catch falling knives. BSC's fall was very predictable and obvious since the begining of the Subprime Crisis when they announced that they had to shut down 2 of their hedge funds. That was a big red flag from the get-go.
KBX looks ok for now. With the current volatility and low dollar-high gold scenario, KBX should fare just fine.
And yes, ANF is a slow mover. ABAX has been a slow mover for me as well but it finally moved a bit today. DRYS is moving lower a bit quicker for me. I have to stress that patience is key, especially with short positions. You have to look at the overall trend and be patient with it. If the trend is down, it will continue to be down unless a high power, high volume move to the upside occurs and the stock reclaims its major SMA's. Untill this happens, ANF is still a short candidate in my book.
I see pivoting in the news...
One major financial institute goes belly up and another beats expectations the next day (GS). Sentiment is changing. ...housing numbers flat. Media seems more apt to take 1/2 point rather than full...
It's like a great cup of coffee: Nice and comforting ;)
-Chad.
Chad,
Although todays news is positive, I still feel that we have a while to go before the market can really start a fresh, new uptrend. Now is a good time to keep an eye on the market and to be on the look out for stocks that are setting up strong, solid bases. These stocks that are finally bottoming and setting themselves up nicely will be the next bull markets big winners. I don't think we will bottom until everyone is afraid to buy stocks and everyone wants to short. When that happens, then we'll know that the worst is over. Until then, anything can happen. Just my 2 cents.
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