Sell in May?
It would be great to know exactly what day the sell off would occur, but of course this may not be possible. The only thing that we can do is be cautious and proactive in our trading. One down day does not define a trend, so its rather hard to time the market. For now it may be a good idea to just let things pan out and take some profits. Here are some long and short trade ideas for consideration:
New Buy Candidates: AMRN, BTN, CSTR (jumped in on Friday and got filled in the low 44 range), ELTK, IDSA, ISLN, JRN, KOG, LOOK, MHR, NKTR, NR, SBSA (previous winner), SIMO
Short Candidates: AEA, AGYS, DEER, ENP, QDEL
posted by Nick M. @ 9:00 PM
2 Comments:
Excellent fill on CSTR...Now at $55
Enjoy the blog.
thanks, I couldn't resist passing CSTR up. I've been watching it for a while and waiting for a breakout that would propel it above its life-time resistance level. CSTR is in a unique situation in which it is at a life time high. There isn't any real resistance level as of yet. The only real hinderance on its progress may be the bearish market situation, but so far it is holding up well.
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