Stock Picks and Trade Ideas for Friday
New Buys: RAX (in at 11.54)
New Short Sale Candidates:
Add To: AIPC, ARST, MELA
Sold: SCLN sold for a 22% gain, STSI (+31.5%)
Watching: CAST (for a dip)
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 Buys: RAX (in at 11.54)
New Short Sale Candidates:
Add To: AIPC, ARST, MELA
Sold: SCLN sold for a 22% gain, STSI (+31.5%)
Watching: CAST (for a dip)
Buy Points: AIPC, (good time to add or initiate position), APAC (good time to add to position or initiate a position), ARST (good time to add or initiate a position), ARUN, ATCO, ATSG, CATM, CHLN, CKEC, CMRG, GROW (bottom)
Sell Points: ABVT (good time to take some profits. After stock comes down, I am looking to buy), ADAT, CLRT,
New Buys: UBET (in at 2.55),
New Short Sales: TSYS (at 7.43)
Add To: SPPI
Sold: BPSG (-7.25%)
New Buys: ANV (in at 6.82), BIOS (in at 4.05), BPSG (in at 4.58), ETQ (7.17), MRM (in at avg of 10.19), SCLN (in at 1.88), SIFY (in at 1.90)
Watching: KOPN, REDF, OGXI, OXGN, STEC (waiting for pullback)
While the rest of the market seems to be trading sideways, there is a small handful of both high quality and low quality (speculative) stocks that are beginning to inch higher.
China Stocks: ADY, ASIA, CGA, EJ, LFT, PWRD, SNDA, SYUT, VIT
With the exception of ADY, most are at decent buy points.
Bottoming Out: CAR, CHNR, CNO, ENTG, FBN, MTE, PIR, ROC, RXII, SNTA, ULGX
Basing: DFR, DTG, KOG, PRSC, RURL, SWM, TCL, VCI, VM, VPRT (w/NH)
Sold: AIPC (sold my entire first half for 30% gain. Still holding the 2nd half of my position for the next leg up), ISTA (+56% gain). MRGE (+132%)
New Buys: ADY (in at 25.73)
-ADY reported very impressive triple digit growth. Never pass up a stock with such strong earnings numbers.
Watching:
New Buys: MKTX (in at 10.84)
Add To: AIPC, APAC, ARST. KONG, HGG, MRGE (on a dip!) TREE
Watching: ?
Sold: HGG (-1.84%) I decided to sell my HGG position. The stock failed to impress me as it was unable to climb above its 50day MA. I can't waste my time with stocks that under perform.
On Fire: KONG (institutions are starting to take notice after today's better than expected earnings announcement)
On the Fence: FIRE (if FIRE manages to climb back above my original buy point (10.70 area), I will add more to the position. If not, I will sell it if it can't show strength at its support levels.)
New Buys: ATCO (in at 2.59), ATSG (in at 1.11), COT (in at 4.66), FIT ( in at 4.02), LORL (in at 29.47), SCSS (in at 1.05), SPPI (rebuy at 3.98)
Added To: AIPC
Made My Day: MRGE (been long since Dec 08 at around 1.35-.40. So far up 114%)
I have class in half an hour and a test to study for. I will complete the rest of the post later on tonight.
New Buy Ideas: AIPC (if you aren't already long, this is a good time to buy some for the next leg up), SPPI (rebuy on a dip)
Add To: AIPC (earnings play. I have been long AIPC since Dec. 08 at around 21 a share. I've decided to add more to my position as I believe earnings will exceed expectations)
Sold: MELA (sold half my position for a +111.25% gain. Will hold the rest and may add to the position once the stock bases)
Watching:
New Buy Candidates:
New Short Sale Candidates: MAXY, TSYS
Add To: APAC. ARST, HGG, SIGA
New Buys (Actual):
Sold: SPPI (+46% gain)
I've been holding TSYS since May 2008. This is one of my longest holdings and one that didn't go the I expected. My initial intention was to hold onto TSYS as a long term trade/investment. Unfortunatly, the stock has recently tanked following earnings. The Street expected better earnings growth and TSYS failed to deliver. I had no other choice but to let go of TSYS a few days ago as the stock had been dragging down my portfolio.
TSYS: Sold for +87.7% gain)
New Buys: CBOU (in at 5.27), DDRX (in at average 10.32-.34)
Watching: ?
Top positions: ARST (+48%), PEGA (+51%), SIGA (+53%) these are just a few of my top performing positions.
Consolidating: APAC (good time to add to the position)
New Buys: KIRK (in at 6.90), MAIL ( in at avg of 4.82), OMGI (in at 1575), SPPI (in at 2.53), TREE (in at 9.48)
Watching: ?
Industry: Restaurants, Food and Consumer Staples (coffee, pasta, etc), Online/data network security software (ARST, FIRE, etc), Super markets,
The Stocks: AIPC, CBOU, COT, DDRX, RT, RUTH, SMRT
Trends: Bio-Tech/pharma and other small speculative stocks are still ruling the market. Gold and Precious metal stocks are forming nice bases and ready to breakout in case the market heads south.
CLRT, DNDN, INSM, ISTA