Watchlist & Stock Picks 11/3/08

After the market close on 11/3/08 I ran a query on stockcharts.com and it returned a huge amount of symbols that met my pre-determined criteria. My eyes became tired after the "M's" so I decided I had plenty of potential stocks.

Here are the stocks I'm most excited about:

ACLI

ALKS

AMLN

APP

AYR

CLMS

FPO

IRC

MPW

Here are the remaining symbols on my watchlist:

AAUK

ABB

AMCC

AMSC

ARA

ARBA

BDN

BKI

BLX

BPZ

BRKS

BW

CE

CMCO

COGT

CONN

DAR

DRE

EXR

FOR

GIGM

GSIC

ID

IVAC

MENT

This is a ridiculous amount of stocks compared to the usual 5-10 that I normally keep on a watchlist. It is particularly ridiculous considering all my funds are currently placed! It is important for me though, to keep an ongoing watchlist because I could sell a security at any moment and I'd like to have a replacement ready and waiting.

If a stock does not make the desired set up within about 3-5 days, it will usually fall off the watchlist. It's always interesting to see which make the cut and which don't!