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 29, 2009

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)

2 Comments:

At 11:16 AM , Blogger Chad said...

MELA is my favorite position this year! Slow and steady gains, up 100% since entering. She's a keeper ;)

 
At 7:35 PM , Blogger Nick M. said...

Chad,

Agreed, MELA has treated us both well and judging by the chart it should continue to outperform the market. I expect it to trade sideways a bit, as it finishes off its base. Once that is done, MELA should head up.

 

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