After the huge ramp up we saw in to Friday’s close, it looked like we were setting up nicely for a potential rally this week, but if Monday is any indication of what lies for the week ahead, then it could be a royal disaster for the bulls out there. However, that doesn’t mean that there aren’t opportunities to the long side to be had. In fact, I have six of them below, that if they can hit their desired entry price, should make for a nice trade.
LONG: Orbitz Worldwide (OWW)
LONG:Quantum Fuel Systems Technologies Worldwide (QTWW)
LONG: Sandridge Energy (SD)
LONG: Symmetry Medical (SMA)
LONG: Standard Pacific (SPF)
LONG: Quiksilver (ZQK)
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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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