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.

Friday, May 22, 2009

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)

3 Comments:

At 12:29 PM , Blogger Unknown said...

Happy Memorial Day, Nick.
Have not been able to follow you much but seems like you have been doing good.
Did you notice SQNM and the fraud they did? I can't believe how a company can manipulate results. Of course it is not simple as that, but wow! that is quite a turnaround. think about ridgeback investing 20 odd millions on the basis of test results that were all manipulated. Of course bigger losses to shareholders but we tend to follow the big money of these investing brains and even they did not know. I took a hit no doubt but have still managed to get a decent return due to my sell in the 20's. Had been holding the "free shares" which are worthless.
What are your biggest top three names (strengthwise) nowadays (I know they all are a trade).

 
At 4:15 PM , Blogger Nick M. said...

Happy Memorial day to you as well, Andy.

Yes, SQNM is a shame. Just goes to show you how unpredictable a stock can be and the importance of not putting all your money in one stock. Sorry to hear of your loss in SQNM. Hopefully your gains were more than any sustained loss in that stock.

As far as the top, strongest stocks, there are actually quite a few of them: ANV, APAC, ARUN, ATCO, DDRX, ENMD, ETQ, KIRK, MRM, OGXI, ORN,OXGN, SPPI, STEC are all good to have right now. As far as a top three, APAC is definitely one of them. Then ENMD and ARUN is fine too. They are all the top stocks right now..in my opinion.

 
At 10:05 AM , Blogger Nick M. said...

Update: SCLN sold at 2.29 for roughly a 22% gain.

 

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