New Buys and Stocks That I am Watching for Tuesday
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: ?
posted by Nick M. @ 7:18 PM
Monday, May 04, 2009
About Me
- Name: Nick M.
- Location: United States
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.
Previous Posts
- Stocks and Trends to Keep an Eye on
- Stock Picks and Trade Ideas for Wednesday
- New Buys and Stocks That I am Watching
- Sectors and Industries To Watch
- Stock Picks and Trade Ideas for Monday
- Back at the Desk...
- Going on Vacation...
- Stock Picks and Trade Ideas for Thursday
- Stock Picks and Trade Ideas for Wednesday
- New Buys...
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3 Comments:
Nick, Do you think one should wait for MAIL to take out 7 first?
And OMGI looks good I agree.
Thanks for a great blog, I have followed you for a year or so, and your picks are great....Keep it up.
I meant KIRK....not MAIL
Lee,
Thanks for being a reader of the blog! I do appreciate your kind words.
With KIRK, I decided to buy as the stock was showing above average volume momentum. In addition, I had been planning to buy KIRK for a while but never had the nerve to buy it after it broke out end of March. I could have waited for the stock to clear 7 which would had been a great confirmation of continued momentum, but I decided to just take a chance and get in as early as I can. The stock is showing tremendous strength and I believe that they will continue to outperform the market in the upcoming months. I believe that their restructuring plan will help out earnings in the next few quarters. Of course, I could be wrong and the trade may fail, bu then again that is why it is important to cut losses as soon as possible. I believe that it will break out of its high handle position.
I like OMGI as well. It has some nice breakout action. It looks like it has broken out of a cup w/ handle and it is going for all new lifetime highs. It doesn't get any better than that!
-Nick M
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