Stock Picks and Trade Ideas for Friday
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.)
posted by Nick M. @ 12:08 PM
2 Comments:
DDRX is on fire after today again....
Will look at KONG.
For sure, DDRX is one of those rare stocks that seem to be propelled by rocket fuel. I had been watching it since it was around 3 dollars a share and was hesitant on pulling the trigger due to its low volume. Now, I truly wish I just bought it and sold it here. That would had been a great 350% gain in less than 2 months.
KONG is a longer time frame play as it still needs a while to finish bottoming, set up a base and potentially breakout to new multi-year highs. A breakout above 13 would send into uncharted territory.
Post a Comment
Subscribe to Post Comments [Atom]
<< Home