Trade Ideas for 11/30/09

Friday the market opened with a gap down, but prices opened well higher than the overnight lows in the futures. The bounce that began overnight continued throughout the day, before prices turned down just before the closing bell. Of note, the opening gap down didn't get completely closed. It was a turbulent week, but prices ended pretty much unchanged.

The technical deterioration of the past weeks/months continues, but Friday showed that no one is giving up without a fight. After a week of unexpected developments, we may just come back to a market that continues to churn price. If so, it lengthens the base from which the next price move takes place, which gives the next move that much more power.

We were stopped out of MON on Friday. We bought SMN. MZZ gapped up above the 2% threshold and was a scratch, but SSG and EEV did not, so they were potentially elected, albeit with reduced risk, on their way back down.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Addl Exit Guideline	Chart
TWM (trending)	27.58	29.89	+8.4%	27.27	N/A	Chart
SMN	9.31	9.09	-2.4%	8.61	N/A	Chart
SRS	9.02	9.44	+4.7%	8.45	N/A	Chart
SSG	23.86	23.26	-2.5%	22.49	N/A	Chart
EEV	12.01	12.00	-0.0%	11.10	N/A	Chart

While we wait to see how the general market responds to last week's developments, a couple of biotech ideas for tomorrow.

New Trade Ideas

Ticker	Entry	Exit A	Exit C	Chart
AVII (AVI Biopharma)	1.53	1.41	N/A	Chart
ARIA (ARIAD)	2.36	2.19	N/A	Chart

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