Watchlist & Stock Picks 2/9/09

I'm going to be looking to go short on my recent wins:

GSIC
DRQ
SYMC
SDXC
AGU
CAKE
BJS

Watchlist & Stock Picks 12/11/08

Well, I'm going to continue to look at yesterday's list and see if anything looks tempting.

The two longs that I most want to trade once they come out of their pullback are:

LONG:

ALK
ARBA

Update:

Here are the long candidates who have, or are about to have a Moving Average cross - meaning they're most likely going to go up for a while:

LONG:

FSS
FARO
CLF
AUO
XME
CMI
DIS
MTH

ARBA - Bought to Cover

I bought to cover ARBA at $8.42 for a loss per share of $1.44 and a return on investment of -20.6%.

I might buy it long after its pullback is finished, once it has established an uptrend when the Moving Averages cross again.

RECAP

SS ARBA @ $6.98
BC ARBA @ $8.42

Watchlist & Stock Picks 12/10/08

Alright, we're definitely getting jerked around a bit here but that's OK - we're prepared for either direction until we get a definitive trend. Again, I keep saying this but it seems like a day trader's market - it might be hard to hold something for the whole "swing."

SHORT:

AMMD

ANGO

ANN - looks like it has made the set up - we just need it to to go down today for a possible short sell.

IPAR

CRA

AG

AGU

BJS

CAM

SM

LONG:

These I'm still recommending as longs - but it looks like after yesterday afternoon we're starting a pullback. So, let's wait on these but keep them in the background until we come out of the pullback... or in case there is no pullback!

EVT

FSS

FARO

DIS

MTH

ARBA

CMI

ALK

AAWW

GSIC - Strategy

I think I'm going to try an experiment with GSIC - I bought it at $9.84 and it went down for a number of weeks - today it is edging on getting back in the positive and I'm in at just the right time to execute a position trade instead of a swing-trade on this one. If the stock is really having a change in trend and it is going to start going up for the next few months, I think I'll hold on and ride the wave up.

This would be my first position trade - I'm also going to be on the lookout for any signs that the stock is only having a minor correction before going back down. I don't want to be in the negative again, that's for sure.

CMI - Sold

Sold CMI at $27.05 for a gain per share of $1.25 and a return on investment of 4.84%. This was a day trade.

I'm glad I had this win - I have another doozy of a loss I'm going to sell before year-end during it's next pullback, as it was a short sell that went up. This will help keep my annual ROI a little higher than it would be with the upcoming loss alone.

RECAP:

B CMI @ $25.78
S CMI @ $27.03

Watchlist & Stock Picks 12/9/08

Well, I'm not liking the market as a whole for shorting or longing. Here's my list with the added message that it may very well not be ripe for trading until we can see a definite pattern. Also, we're always looking for the set-up don't trade it until it makes the right candlestick pattern (if you follow the strategy, of course).

SHORT:

AMMD

ANGO

ANN

FUQI

IPAR

CRA

LONG:

These look like they're trying to reverse their downtrend and go up. You generally want to trade with the market trend... but I'm not too sure what we've been getting lately in terms of trends.

EVT

FSS

FARO

DIS

FUN

MTH

ARBA

AACC

GSIC

CMI

ALK - oddly I'm still liking this one despite it giving me the run-around. Looks like we're getting a pullback before another possible rally.

ICON - Bought to Cover

Well, I bought to cover ICON at $9.23 for a loss per share of $2.11 and a 29% loss (!). I don't want to end the year with too many stocks in the red and now's the time to resolve that. This one hurt to buy to cover and it puts me in the red for the month, but not by much and I have a little more time to get back right-side up.

RECAP:

SS ICON @ $7.12
BC ICON @ $9.23

Watchlist & Stock Picks 12/8/08

Well, I'm still a little leery of the market, but I'm also ready to get back in the game after Thursday and Friday "off." I may not buy anything today, but I've got my watchlist ready in case I find something I like! If I do find something I like, it might very well be a short, day trade.

SHORT:

ARTC

ATAC

CPRT

CRA

FUQI

STP

Here's a list of stocks that have broken out to the upside due to this morning's rally that I'm considering for a day trade long (or maybe even a swing trade long depending upon the market):

LONG:

EVT

SDXC

QQQQ

FSS

FARO

DIS

SYMC

AUO - Bought to Cover

Just bought to cover AUO at a small loss, it just didn't want to go down and I'm ready for my capital back. Bought at $5.80 for a $0.10 per share loss and a negative return on investment of 1.75%.

RECAP:

SS AUO @ $5.70
BC AUO @ $5.80

Watchlist & Stock Picks 12/3/08

Despite the up day yesterday, I'm sticking with my short stock picks. We're getting alternating ups and downs - not quite a reliable trend to swing trade on currently. It is definitely more of a Day Trader's market. I'm not a real big "fundamentals" trader, but they did announce yesterday that we're officially in a recession - let's see what impact that has on the market today. Again, keep the stops close and take the small gains to stay right side up!

There's nothing new today and here they are in no special order... it's hard to have favorites when I don't quite know what the market's going to do today!

SHORT:

MTH

QQQQ

CCE

EK

FARO

DIS

FUN

HUM

ICON

KELYA

ICON - Short Sold

Just short sold ICON at $7.12. Again, I'll probably go for a small win on this one simply given how choppy the market is.

QQQQ - Bought to Cover

Just Bought to cover QQQQ at $27.03 for a gain of $0.90 per share and only a 3.22% return on investment. I wanted a bit more and probably could have made a few more pennies had I stayed in but I'm taking my own advice, given the current market conditions, and taking the small wins.

RECAP:

SS QQQQ@ $27.93
BC QQQQ@ $27.03

Watchlist & Stock Picks 12/2/08

We had quite the down day yesterday which was great for my shorts and my short sell picks even though I couldn't get in them all. I'm still watching a few from yesterday along with several new ones. Others have fallen off my watchlist because I feel they went down too far yesterday to still safely make a profit from if you were to get in today.

Happy trading, let's see if we get another solid down day today in this unstable market.

SHORT:

My favorites:

QQQQ

MTH

QLGC

The remaining:

CAS

CCE

CPA

HWCC

APOG - possibly still room to make money in

EK

EWO

FARO

FSS

DIS

FUN

HUM

ICON

ISCA

KELYA

OSTK

XTEX

QQQQ - Short Sell

Short sold QQQQ at $27.93.

I'm really eyeing APOG at the moment but I think I might wait until lunch time to be sure of it's down day "status."

I'm excited that most of my picks have gone down today - I'm disappointed that I haven't enough funds to buy them all!

Watchlist & Stock Picks 12/1/08

Today starts December trading - our last month of the year to raise our return and increase our gains!

Well, the last trading day was Black Friday which seemed a little dead in terms of market movement, in retrospect that makes quite a bit of sense. The Pro's must be on vacation still digesting and the amateurs are out shopping - not many people seemed to be trading given the volumes of the major indices. Nevertheless, we did have yet another small rally day and given the positive news about consumer spending we might have another up day today.

Again, I'm still picking shorts considering the overall market trend.

Alright, let's get down to the goods:

SHORT

My favorites:

QQQQ

BWS

HWCC

The rest:

APOG - if if goes up today, I'm going to take it off the list.

EK

EWO

FARO - if it goes up today, I'm going to take it off the list.

FSS

FUN

ICON - potential for a large drop, the aggressive rally seems typical but I'm still going to be leery of this one.

KELYA

MTH - still trading within support and resistance I'll keep it on the list even though Friday was an up day.

QLGC

Watchlist & Stock Picks 11/28/08

Alright, today is the infamous "Black Friday" when shopping is at its best and worst. The best deals and the worst lines at the register. I really don't know how the market's going to react, to me, logic tells us that when all the dust has settled Monday's trading will reflect how consumers spent on Friday. But on this short trading day we could very well see excitement about consumer spending, thus perhaps making short selling a little precarious. Let's just watch and see - I might not even trade given the unsure conditions.

Wednesday's rally took out all but one that we were watching, not to worry - we've got a few more. I'm still recommending shorts because that's the general trend of the market...Some of these may not be ready for today, but maybe Monday or Tuesday - just watch for the set-up.

SHORT:

My favorites:

BBV

AIB

Others:

APOG - if it makes the set up properly.

BCS - little strange in its recent patterns but I like that it went down on a rally day - show potential for sticking to its trend.

BPZ - if it goes down tomorrow, consider getting in on Monday.

BWS

DELL

DPM

EK

ELNK

EWO - went down on a rally day - perhaps a good sign

FARO

FSS

FUN

GTLS

HWCC - interested to see what

ICON

KELYA

LEG

M

MTH - large amount of room to move

MWE

OHI

QLGC

More coming soon...

ICLR - Bought to Cover

Bought to cover ICLR at $17.65 for a $1.15 gain per share and a 6.1% return. I do think that it could have gone down further today but I'd already surpassed my goal of 5%, so I bought to cover to ensure my earnings.

Still a little negative in the other two stocks I bought yesterday but I think I'm going to wait on those...

RECAP:

ICLR SS @ $18.80
ICLR BC @ $17.65

Watchlist & Stock Picks 11/26/08

Alright a few rebels fell off our watchlist but we still have plenty of stock picks to choose from. Black Friday (the shopping day after Thanksgiving) is coming up. I really don't know what's going to happen that day - I'm thinking if sales are disappointing we're going to see a dip on Monday rather than Friday but I can't remember what happened last year as a comparison. Friday will be a short trading day most likely - I believe it's ending at 1:00 p.m. - but let's still be careful at the end of this week and watch our stocks closely.

Have a Happy Thanksgiving tomorrow!

Here are the stocks that are closer to making the set up we want:

BBV

IRE

DIS

AUO

AXA

EWH

RSH

SYMC

Here are the remainders that I'm going to look at:

ICLR

SPWRA

ARBA

CLF

CMI - this one might be poised for a breakout to the upside which is the opposite of what we want

CNS

DRQ

GT

MXB

NTG

PID

XME

LULU - this one went up since I day traded it yesterday - not too sure what its going to do. It looks like there's still room to make money, but I guess we'll see won't we!

AUO - Short Sold

Short sold AUO at $5.70.