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.
New Buy Candidates: SPRD (if you'er new), ZOOM (*bought A/H in at avg of 10.60)
Add To: SPRD (in at around 3.70, back in Sept)
* I usually do not buy a stock A/H or premarket, but because ZOOM is a thinly traded stock and can make a large move, I decided to jump in and take my chances. Should hit at least 12 tomorrow. It is a small position, so if it fails, I will cut my losses somewhere in the low 8 range.
posted by Nick M. @ 8:03 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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8 Comments:
What tipped you off to ZOOM a/h?
Take care,
Chad.
I keep a watchlist of low float, high RS stocks. One of the things that I keep tabs on is their earnings date. I saw that they reported earnings and the reaction was favorable so I jumped in. Unfortunatly it seems to be losing steam. On the bright side, I may be able to get out with only a minor loss. SPRD didn't react the way I expected either.
Everything is fairly "steamless" today. Mine are holding bottoms though.
Where are you looking up your float levels? Brokerage house, or using another site online?
Thanks,
Chad.
Mine are holding up as well with a few exceptions.
Check out Yahoo Finance, IBD's Daily Graphs, Short Squeeze.com has float data. There are several other sites but nothing seems to be very comprehensive. Yahoo's #'s are not always accurate and sometimes not even available. Unfortunately, to get the most accurate and reliable float data, you may have to subscribe. to a service. I'll let you know if I find any other reliable free sites.
BLC and NGSX look good.
DBRN and TWB doing well for the retail sector
Thanks for the sites! After reading O'Neil's book, I have a new appreciation for IBD! (the 4th ed. was updated to include some really insightful editorials looking into the events of 07/08, btw.)
I saw DBRN today, PSUN fell through the bottom though so it made me wonder about retail. I just haven't looked at PSUN to determine if it was an isolated event. I'm still in JOEZ which is building the slowest base I've ever been in, but it looks good.
No prob.
I will look into O'Neils new version as I am very interested in his observations and take on the past decline in the market. Thanks for book rec.
I decided to pick up some DBRN and TWB as they are showing impressive strength. I will sell them if they can't follow through in the next couple of days. PSUN seems to be an exception in the retail sector. Other stocks are breaking out to new highs. PSUN couldn't hang with the rest, so it is a 100% sell.
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