Bringing you some promising trade ideas each trading day

NEW ADDRESS: chribstrades.blogspot.com

Monday, September 22, 2008

Trade Ideas for 9/23/08

Topsy-turviness continues; the only nice trends I see are in commodities, which are a bit extended and might pull back before resuming their bounce. We bought SLW, the weak performer today of the Big 3 silver companies, up only 10% (the other 2 are SSRI & PAAS).

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Additional Exit Guideline Chart
TVL 6.06 6.73 +11.1% 6.26 Consider selling on a close < 6.59 Chart
SLW 10.21 10.53 +3.1% 8.99 Due for a pullback; consider making the stop of 8.99 a bit more flexible, e.g. sell if it falls and stays below 8.99 for 15+ minutes Chart


In case commodities keep rolling, I have a fallen momo gold miner that might just take off again, as well as a re-up of yesterday's

Trade Ideas for 09/23/08
Ticker Entry Exit A Exit C Chart
SIGA (SIGA Tech.) 4.01 3.69 3.19 Chart
GSS (Golden Star Resources) 1.81 1.66 1.39 Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.

No comments: