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.

Wednesday, February 25, 2009

Stock Picks and Trade Ideas for Wednesday

New Buy Candidates:

New Short Sale Candidates:

Add To: SIGA

New Buys: STAR ( in at 14.85), SXCI ( in at 20.57)

2 Comments:

At 4:16 PM , Blogger Unknown said...

great timing on STAR!

Hope all is well, Nick.

I am mostly on the sidelines as I cannot handle these swings anymore.

 
At 10:33 PM , Blogger Nick M. said...

Thanks Andy!

I got lucky with STAR this morning. I wasn't expecting a 6% move at all, but last minute institutional buyers stepped in and swooped up some shares.
On the other hand, I probably should have waited for a dip on SXCI. We'll see what happens.
I can't blame you for wanting to sit on the sidelines. The market has been simply horrendous since summer 2007. But...I would keep a close eye on the market as we are setting up for a decent temporary bounce. Make sure you take advantage of high quality stocks that are showing strong chart setups!!! Good luck!

-Nick M.

 

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