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

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.

Thursday, January 29, 2009

Stock Picks and Trade Ideas for Friday

New Buy Candidates: ASUR, CPY, CYTX, DEPO, EEE, IAG, KOW, LJPC, MAPP, MDW, NG, NGD, NSU, NURO, OPXA, OZN, PSTI, QGP, SFSF, SIGA, SMC, THM, UXG, VRTU


Add To: LZR, PALM


Today's New Buys: GERN (in at 7.06), IDCC (in at 32.13), STEM (in at 2.26)




Trends to Watch: Bottom in Gold/Silver/Precious Metal related stocks. Rally/Bottom in Bio-Tech/Bio-Pharm/Genetic stocks.

Note: Most of the new buy candidates are stocks that are in the more speculative range than usual.

Friday, January 23, 2009

Stock Picks and Trade Ideas for Friday

New Buy Candidates: GERN


Add To: ASTM


Todays top movers: ASTM, GERN, STEM.

Thursday, January 22, 2009

Stocks To Keep an Eye On

After a few days of volatile action, I have noticed another batch of stocks showing strength and resilience to the markets woes.

Here are some of the stocks one should keep an eye on: ANDS, APOL, ASEI, AVII, AZK, BDSI, BKR, CECO, CENT/A, CMN, COCO, COGO, CRXL, CVTX, CYPB, DDSS, EPIQ, ESI, DV, GERN, HMSY, HOTT ICFI, ICOP IDCC, IAG, JBLU, KAD, KONG, NCIT, NTCT, NVD, OCN, OGXI, SHEN, SMBL, SMG, STEM


Add To: AAI, AIPC, ANSW, AVAV, BBND, MAXY, MRGE, PALM, OPTR, SQNM


New Buys: COGO (in at 5.57), LNG (in at 3.80), THOR (30.84), TIS (10.05), WAVX (0.60)


Many of the newly listed buy candidates are in the Education/Schooling Sector.

Friday, January 16, 2009

Stock Picks and Trade Ideas for Friday

New Buy Candidates: COGO, FHC (rebuy), KAD, LNG, PIP, SMBL, STSI (rebuy), USU


New Short Sale Candidates: None


Add To: LZR


Actual Buys: RPRX (in at 11.51)

Friday, January 09, 2009

Unique Opportunity

I picked up some PALM this morning. This is a unique opportunity to take advantage of since PALMs new smart phone device has the potential to lift share prices to new highs if it becomes a success.

PALM - in at 5.90

Thursday, January 08, 2009

Stock Picks and Trade Ideas for Thursday...

New Buy Candidates: GLUU, GTS, LNG, OCN, RPRX (on a dip)


New Short Sale Candidates: None


Add To: AIPC, CSKI, LZR (on a dip)

Tuesday, January 06, 2009

Todays Trades...

New Buys:


Sold for Profit: FHC (sold the remaining 25% of the position for a +26.7% gain), IDEV (+92% gain)

Added To: AIPC, CSKI, MAXY

Watching: ???

Monday, January 05, 2009

A Few Trades and Some Profit Taking...

New Buys: EZCH (15.90-.91)


Added To: CSKI, OPTR




Sold for Profit: FHC (75% of my position for +18.23% gain), LZR (sold my 2nd position for a 14.4% gain. I'm still holding onto my 1st buy at 7.35)

Friday, January 02, 2009

Future Trends...Russian Stock Rebound

One trend to keep an eye on for upcoming weeks and months is an anticipated move in Russian stocks listed on the NYSE. If you prefer a basket of Russian equities, check out TRF as it seems to be close to a bottom.

Stocks to Watch:

MBT, MTL, ROS, VIP, WBD

International Traders may want to check out Gazprom.

The most attractive one at the moment is ROS. MBT, MTL, VIP and WBD can still pull at least a 50% move if they bounce a bit from their current prices.

Stock Picks and Trades Ideas for Friday

New Buy Candidates: EZCH (wait for dip)


New Short Sale Candidates: None


Add To: OPTR


Actual Buys:

AIRV in at 6.05

Thursday, January 01, 2009

Welcome to 2009...

First and foremost, Happy New Year to everyone. With 2008 officially over, I am eagerly waiting to see what 2009 will have in store for us. Despite how difficult 2008 appeared to be, it offered traders plenty of opportunities to make a decent return. It all depended how long your time frame was and how patient you were. Traders with shorter time frames were given thousands of opportunities to make a killing with an over excited VIX and many ultra ETF's that could have mimicked a double or even triple percentage move in a major index. And for patient traders, there were several opportunities to take advantage of, such as Oils climatic top (remember PDO and TGC, anyone?) and several bounces in the market which led to small rallies in battered stocks such as F, GM, TSN, TTM, etc. If anyone had taken advantage of these situations and sat tight during the downturns, you could and SHOULD have made at least some sort of profit. And when I mean "sit tight", I really mean that you shouldn't be trading at all during certain market periods where the indices are plummeting and the VIX is steadily rising. And above all, you shouldn't be trading when there aren't any good stocks out there that are setting up strong bases and chart patterns. Of course, this logic does not apply to day trading. In day trading, you may always find some sort of hidden chart pattern under the microscopic lens of a 5 or 10 minute chart. But you better be quick and nimble and out of there ASAP. I don't day trade. And I am not knocking it. If you like day-trading and are good at it, by all means, continue doing it. I realized that it wasn't my style. I always ended up over-trading and missing out on the bigger moves when I tried day trading. I then realized that I was better off as an opportunistic, longer term trader. I don't mind sitting on a position for weeks, months or even a year, as long as it delivers me a killer return and profit. It isn't rocket science or anything. I just cut my losses in my laggard stocks and add more funds to my top performing positions. I also let my winners run. You know what they say about Rome. Big profits aren't made in a day either. I plan to continue my new strategy into 2009. Why? Because it works. I don't care if the market tanks and there isn't a good stock in sight. I'll wait, days, weeks or months for a decent stock or two to surface. And when it does, better believe that I'll be all over it, taking maximum advantage of the situation.

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