New Buys and Stock That I am Watching
New Buys: EONC (in at 3.47), REV (in at 12.11 in the am),
posted by Nick M. @ 12:33 PM
Monday, November 09, 2009
About Me
- Name: Nick M.
- Location: United States
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.
Previous Posts
- Gold/Precious Metal Rally
- Stock Picks and Trade Ideas for Monday
- Stock Picks and Trade Ideas for Thursday
- Nice Bounce...
- Short Candidates for the Next Few Weeks/Months
- Two Breakouts For Longer Term Trade
- Low Risk Buy Points
- In the Wrong Stocks??
- Stock Picks and Trade Ideas for Friday
- Short Term Top?
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12 Comments:
EONC another strong breakout. Good for a small position. Cut your losses if the stop closes below 2.00
Wow! EONC was an incredible breakout; that's over 100% for some traders in one day.
Yes, unfortunatly it didn't appear as a buy before the huge breakout. But...it should head higher if the market holds up...
BUCY is acting quite well.
Yeah, I've been watching BUCY ever since you first mentioned it. I'm starting to appreciate more, the strong trend stocks, making stead upward progress and trading well in the double digits already.
Sometimes there's that psychological misconception of thinking that I'll grad more upside from a $2.00 stock. I still like to have a couple! ...but I'm definitely shifting my focus to stocks that move slower, but with big momentum.
I just took a quick trade in ACLS, which is ironic given my above comment ;)
yeah, but if you feel that you can make a good trade out of it and you are comfortable with it, go for it. There is money to be made with low priced stocks. You just have to have a shorter trading time frame with them and sell them once the momentum goes against you.
Due to the market action, keep a tight stop on ACLS. I would sell if it closes near the LOD on above average vol,.
Thanks. It's been an odd day looking at volume and price action. A couple of the indexes are going into resistance and I don't know how to interpret that with the mellow volume.
PWER has been looking good.
Agree on PWER, it has been acting quite well along with CATM
I have a feeling that the market might attempt a correction in the next couple of days. The VIX is nearing its low, so watch for that. If that is the case, simply sell, cash in the profit and wait for the next entry...
Yeah, I've been watching the VIX, I was going to ask you about that. It's creeping steadily toward 20. I'm staging for my VIX / QID theory ;)
yep, it is nearing. It may have even put in a bottom today, unless the VIX closes near its low. Today is a good profit taking day.
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