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 Candidates: ABPI, FADV, LL, SKIL, SOA (oversold bounce), VLNC, WSCI
New Short Sale Candidates:
Add To: SCL
Note: ABPI is already not a good buy candidate. With the stock down over 70%, I would avoid it.
VLNC was re-added to the list of buy candidates. I like VLNC's chart quite a bit right now. I may pick some up on a small dip.
posted by Nick M. @ 11:51 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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5 Comments:
SkillSoft (SKIL) is running amuk right now! 79% owned by the institution. Executives are going to make a killing with the pop.
I like SKIL but the chart is not exactly a perfect setup. I do not like the fact that it did not have a lot of time to base and work on its base pattern above the 50 day Ma. It basically just shot up on a wave of buying. Now it looks extended. I just posted it as a potential buy. Right now I will be just watching it and not buying.
I'm in it. I liked the volume and motivation behind it. It had quick 20% writtin all over it, to me. ...at minimum, if you were buying in on the dips today, you exit breaking even or with a paper cut. With all that media attention on it though (web press), it's bound to bring in the late-to-the-party crowd and setup for a sell into strength.
...fundimental wise, the majority of the companies that use skill soft (including mine) are military and big corp. Skill soft manages that "must-have" training like Substance Abuse quarterly training, or sexual harassment. I think we're all going to find that while all us "little folk" were worried about recession talk, the military and big corp kept spending. ...actually, I suppose that's the basis of Cycle theories ;)
Chad,
I decided to skip out on it for now. I could've grabbed some a little under 11 but I decided to wait for a bigger dip. I didn't come so I missed the buy today. Good job on grabbing some. You seem to be more familiar with SKIL and its fundamentals (which is good). I've been rather hesitant in making new buys lately. I'm still waiting to spot that one perfect chart setup. Anyway, best of luck with SKIL.
Yeah, man, I know what you mean about waiting for the one! I've been very quick on some of my recent buys but I'm still holding on to the potential "bear" turn. Like you've been hinting at, this is all a little too easy; too good to be over.
-Chad.
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