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:

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

    ReplyDelete
  2. 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.

    ReplyDelete