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Thursday, February 11, 2010

Trade Ideas for 02/12/10

A bit of a spurt today to liven up a mostly sideways week. Friday could add a punctuation mark to this congestion-rally, so I suggest booking profits on any long positions taken by the close. Monday is a market holiday. We bought NGD. Also, I just realized we should have been stopped out a few days ago in DXD.

Current Holdings
Ticker Basis Closing
Price
Perf. Sell-Stop Addl Exit Guideline Chart
SRS 7.61 8.44 +10.9% 8.06 N/A Chart
MZZ 21.11 22.67 +7.4% 21.92 N/A Chart
NGD 4.48 4.59 +2.5% 4.24 N/A Chart
PSQ 45.26 45.51 +0.5% 45.25 N/A Chart
QID 21.71 20.57 -5.3% 20.37 N/A Chart
FST 24.71 25.65 +3.8% 24.49 N/A Chart


New Trade Ideas
Ticker Entry Exit A Exit C Chart
DDR (Developers Diversified Re) 9.43 8.96 N/A Chart
ANN (Ann Taylor) 15.31 14.64 N/A Chart
LCAPA (Liberty Media) 27.41 26.46 N/A Chart
HANS (Hansen Natural) 39.27 28.28 N/A Chart
SKF (Ultrashort Financials) 26.17 25.16 N/A Chart

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

3 comments:

Unknown said...

..psst...psst... JBII gap up on Tuesday? Might be worth watching.

Chris said...

JBII looks like a good setup -- for a different trading system. A few things to note about mine:

- very rarely trade OTC/BB
- average volume less than 100K shares is too low
- JBII has already broken out using my time scale.

You can trade these types of stocks very profitably but IMO you have to day trade. Investors Underground runs a chat room where they trade dozens of these tickers every day, very newbie-friendly, and they have a free trial. Trade Your Mind is a free chatroom doing a similar thing but there is an expectation that you contribute to the chat in some way.

Unknown said...

Thanks for the suggestions.