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: APAC, FIRE, ISTA
New Short Sale Candidates: GM( to 0??)
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New Buys: APAC (rebuy- in at 3.95) ), CLRT (2.50), EJ (in at 11.45), ISTA (in at 2.12), LFT (in at 22.82)
posted by Nick M. @ 1:46 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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6 Comments:
What are you looking for to pull the trigger on ISTA?
Chad,
I pulled the trigger too soon. I was interested in the above average volume and the chart pattern (very good support and flow above the 50day Ma with a thrust-like breakout). Other reasons include small market cap (undervalued), small float and increased institutional interest.
I figured it had support at the 50 day MA. Guess I should have waited for the dip. Sometimes I get a bit ahead of myself and buy a stock too soon, as I hate missing out on a move.
I understand fully! I jumped into APAC based on trend and volume. Today was an overal crap day, so I'll ride it for a few more and see what turns up. MELA has been my biggest winner so far.
Take care,
Chad.
What's on the radar, Nick? One of my NY trading buddies is confident is sell-offs the next week or so.
Happy weekend,
Chad.
Chad,
Good to see that MELA has been treating you well. APAC should do well too. I do have a few more good stocks on the radar but I am holding off until next week. Hard to tell if a sell off is coming, but it could be possible if the DJIA cannot find support above the 20 day MA. I guess we'll have to wait and see what happens in the next few weeks. Check back later for new trade ideas. Take care Chad.
-Nick M.
My trader friends in New York were convinced of a coming sell off. I hate following the rumor mills but some you have to take heart in, just like you pointed out the recent defensive moves in your latest post.
Take care,
Chad.
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