Taking Advantage of Some Dips

I took advantage of some dips in LZR and MAXY. I believe that these stocks should close well of their intra-day lows by the end of the day. I apologize for making such a bold prediction, but I've seen this happen way too often. That is why I sometimes abandon my automated stop-losses on stocks such as these. A little bit of stock price manipulation is all it takes to set off a ton of stops in order for the late comers to get their fills in at a lower price.


Update: Added a bit more to AIPC, OPTR, QCOR

Nothing Crazy...

Todays market action was painstakingly slow and tepid. I only made one new trade. I also spend some time adding to strong positions and slowly dissolving my laggards. Other than that, it was a rather average day. Let's see what tomorrow will bring..



New Trade:

LZR in at 7.36-.37

Happy Holidays and Merry Christmas...

Just wanted to wish all the readers a Happy Holiday. Enjoy it with your family and loved ones. We all have a lot to be thankful for this year. We've survived the first year of one of the worst market crashes in U.S. history. Only our maker knows what lies ahead for us in 2009. But I am sure that if we approach each situation with a bit of caution and some of the lessons that we've learned, we should get through this relatively unscathed. Happy holidays.


-Nick M

Holding Steady...

So far I have procured a solid stable of stocks and I am not about to cut them loose any time soon. There are a few new stocks that I am keeping an eye on, but they are not ready to be purchased as of yet.


Here are some stocks that I am watching:

ATHN, CPHL, NKTR, QSII, TWGP


New Buys: ALK, BBND, COGT,

Added To: IDEV, QCOR

New Trades and Stocks That I Am Watching...

New Buys:

ANSW in at 6.03
DLTR in at 43.12
IDEV in at 2.80
MRGE in at 1.35
ORH in at 50.27


Watching: ALK, DVAX, EBS (rebuy), HEV, NVD


Top Industries and Sectors: Airlines, Gold/Precious Metals, Construction Materials, BioMedical/BioPharma

Some of the stocks in these groups that one should keep an eye on

Airlines: AAI, ALGT, ALK, CPA, DAL, JBLU, LCC, SKYW

BioMedical/BioPharma/Genetics: DVAX, IDEV, MAXY, NVD, OSIR, SQNM

Construction Materials: CRH, CX, TXI

Gold/Precious Metals: EGI, GTU, PAL, RGLD, SLW, SWC

The Major U.S. Market Indices Are Showing Support

This can lead to a small three month rally. Before you shrug that off as something minor, you should understand that a small rally like this can produce gains of 50% or more rather easily. There are many stocks that have been beaten down to a pulp. These stocks are now undervalued and can easily double or triple from their current price. In addition, there are several stocks that are showing impressive strength. I am talking about powerful stocks such as ADY, AIPC, MAXY, VITA and several others. These stocks are not even close to their 52wk lows. They are the new market leaders and they will more than likely outperform most of the other equities. I am also watching the VIX rather closely. A collapse below the 50/49 level would definitely seal the deal of sustainable rally in the upcoming weeks. If the VIX bounces from here, expect some more market drama with the DJIA heading back down to 8,000 or a bit lower. If the VIX does bounce, watch for any resistance at the 65 level. If it can't climb back above that point, it will be another buy point in the market.

I have been on a buying spree the last few days. I am adding only the top stocks with the top setups. Those that would like to emulate my strategy may do so, but at your own risk. Little blow ups like ASTM, FHC and STEM do occur. I am sorry that I am not a perfect trader. I do make a few mistakes once in a while. I am still holding onto ASTM and FHC. I believe both can be exited at a lower loss or a break even, so I am holding them for now. Fortunately, most of my other holdings are doing better and more than making up for the small mistakes.

Stock Picks and Trade Ideas for Friday

New Buys:

AIPC in at 21.20
FHC in at 3.55 (small position)
FRPT in at 4.58

New Buy Candidates (watching): FHC

Added To: CSKI, QCOR

Stock Picks and Trade Ideas for Tuesday

New Buys: MAXY (in at 6.35 on 12/8/08)
CSKI (in at 12.67 on 12/8/08)
OPTR ( in at 8.80 on 12/8/08)
VITA (in at 3.40 on 12/8/08)

AAI (in at 3.80 today)

New Buy Candidates: AFAM (rebuy), ALK, FRPT, HEV


Add To: ALGT

Some New Trades...

New Buys: OSIR, TCBK




Added To:

QCOR
TSYS