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.
Keep an eye on stocks such as GMCR and PEET. I have a feeling that they will both increase in price in the near future. I also have a feeling that one of them will be bought out. Just a hunch, but you never know. In any case, both make great long term trades and investments.
In any case, I am long both stocks.
GMCR (in at 68.25 and change)
PEET (in at 32.05)
posted by Nick M. @ 8:19 PM
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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17 Comments:
SYPR just broke out. I mentioned this as a longer term trade the other day...
Only problem is that the stock is thinly traded. Today's volume allows one the opportunity to jump in with a better order fill.
CATM should start consolidating before it breaks out higher. If the consolidation is orderly (low vol pullback), hold onto most of the position. If not, cash some out after such a nice run.
I'm in a few, waiting patiently for a breakout, JOEZ, CATM, and DSW, namely. Sometimes that's the worst part! ...watching action break out and waiting to see if your positions do anything anytime soon.
i know, I hate the feeling. FYI, keep an eye on GMCR as its reporting earnings right after the market close. Could be huge.
They're proprietary on the singlecup serve right? I'll watch them. I think PEET's the better buy but I was just weird about their projections, saying that 2010 should be a little rocky but 2011 is right on track...just makes me think I could wait until 2010 to pick up the position.
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Sp,sp,spam... ;)
Chad,
Did you see HPJ?? Unbelievable!
I didn't see it until just now; that's crazy! You see that resistance at 4.78, though right? I hate HPJ... don't know why, lol.
Looks like a market top, doesn't it?
...HPJ is a bull trap. I don't like its movers, whoever they are.
yeah it does seem like a trap. I wouldn't re-rec it unless it closed near its high. If it closes near its low, its down. And yes, the market does seem like it may be a bit toppy. Expect a possible pullback to the 10K level on the DOW, NASDAQ to the 2100 level
Must not have been good news for GMCR. I didn't look into it yet.
GMCR is a longer term trade/investment type of stock. The earnings results weren't as spectacular as expected. I thought they were fine. Stock might bounce from here. I would count it as a 100% sell if it closed below 65 on high vol.
I am still amazed at HPJ. The stock tried to shake out everyone until earnings. Manipulation from MM's of course. Originally, I thought it would have a run away breakout but since it came down to the 200 day MA, it is just rebuiling a new base. Could head higher from here
This is a bulls' Friday. I like it! ;)
...trying the ACLS trade again. I don't know why I can't leave that one alone.
CORRECTION: It was a bull's morning. Fizzing out toward EOD.
Chad,
It didn't end so bad. Took a look at ACLS and it does look good for another trade. A good trade is a good trade. If you know how a stock moves, you can trade it constantly and have a high probability to profit from it.
I figure we still have a little bit more umph left in the market, at least until the VIX hits the 20 dollar range...
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