Breaking Out
Breakouts: NENG (in at 0.97), UQM (in at 3.40-original buy)
Other Buys: AGEN ( in at 2.39), CPSL ( in at 3.04), JAZZ (in at 4.62), MNTX (in at 1.49), XSEL (in at 1.10)
Watching: ARIA, ACAD, CERS, DAN, LEE, OREX, SYNM, TWER
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.
Breakouts: NENG (in at 0.97), UQM (in at 3.40-original buy)
Other Buys: AGEN ( in at 2.39), CPSL ( in at 3.04), JAZZ (in at 4.62), MNTX (in at 1.49), XSEL (in at 1.10)
Watching: ARIA, ACAD, CERS, DAN, LEE, OREX, SYNM, TWER
New Buy Candidates: AVNR, CHINA, CKEC, FUQI, LAD, MERX, RDWR, RINO, SMP, SMRT, STEC, SYUT (rebuy), TLVT, VNDA, VVTV
New Short Sale Candidates:
Add To: CAST
Watching: ACHN, AM, BAGL, HSTM, INET, LULU, MELI, NANO, NGLS, SIRO, SRLS, SUPG
Bottoming: AXTI, CNMD, LULU, SOA (spec), SYUT
Earnings of Note: HSTM (7/22), RDWR (7/23)
After a brief pullback, it seems as if the markets are beginning to stabilize themselves. Still, the DJIA needs to show more strength before we are in the clear. For now I will play my positions more cautiously. It has become increasingly more important to place trailing stops on successful positions. This has proved to be a successful aspect of my strategy as it has helped me avoid blowups in INSM and more recently, ADY.
Stocks to Keep an Eye On: Check back later for some new trade ideas.