Stock Picks and Trade Ideas for Monday
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posted by Nick M. @ 1:48 AM
Monday, July 07, 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
- Stock Picks and Trade Ideas for Thursday
- Stock Picks and Trade Ideas for Wednesday
- Stock Picks and Trade Ideas for Monday
- Alternative Energy Stocks Continue to Power Ahead...
- Stock Picks and Trade Ideas for Friday
- Stock Picks and Trade Ideas for Tuesday
- Stock Picks and Trade Ideas for Monday
- Stock Picks and Trade Ideas For Friday
- Technical Difficulties
- Oil and Oil Stocks Slide While Tech Stocks Lead Th...
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4 Comments:
Hey Nick,
Can you look up ALTI for me, seems like it has some legs...
What's up with HYGS, you seem to be backing up the truck? I am getting a little worried!
thanks as always
andy
Hi Andy,
I feel your pain on HYGS. The recent decline has me a bit worried as well. I wasn't expecting such a steep hit, but there it is. I added more to my position in the 1.60-1.70 range, so this has me a bit annoyed. Still, my initial position is intact. But still, I am down 20% or so from my add on position. It is a difficult call. I am giving it until tomorrow to see if it improves a bit. Watch for a bounce above the 20/30 day MA. If this doesn't happen, then forget about it. This is a difficult market to trade in and I expect a lot of trades to fail, so if HYGS does not work, I will not be surprised. But, I will regret not selling at 2.30 and change! Oh well, we live and we learn.
Anyways, ALTI looks like it wants to put in a bottom, but it is not ready just yet. Watch for a double bottom chart formation to confirm the true bottom on ALTI. I would keep a close eye on it for now.
Andy,
I would like to also add one more thing. Do not be discouraged. This is truly a difficult market to trade in. One positive aspect to focus on is the emergence of tech and bio-tech as a new leader (at least for the moment/short term). While oil and energy stocks such as HYGS are flopping, other stocks such as PEGA and SQNM are doing well. Instead of focusing on ALTI, which hasn't bottomed, focus on ALTH (for instance), which has bottomed. Just my 2 cents.
thanks Nick, will keep a watch on ALTI and yep will likely sell out of HYGS if it does not show any uptick... I am also getting interested in ILMN, a SQNM competitor showing good strength. ERII is another one, an IPO that may be in the right spot...
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