Two New Trades To Report: DAN and OAS
LONG: Oasis Petroleum (OAS) at $32.71  […]
Long PCS At $13.70
Busy morning for me so far. Sold SRZ for a nice 8% gain, while cutting short a couple of trades – Trina Solar (TSL) which is feeling the weight of a bad report from FSLR, while NFLX just refuses to bounce with the rest of the market. Strong up-days like [...]
Trading Plan for Feb 25, 2011
Current Long Positions (stop-losses in parentheses): BGCP (8.69), NFLX (205.35), SRZ (8.73), TSL (28.55) Current Short Positions (stop-losses in parentheses): None BIAS: 25% Long Economic Reports Due Out (Times are EST): GDP (8:30am), Consumer Sentiment (9:55am) My Observations and What to Expect: Futures are up very strong ahead of the [...]
29 Defensive Stock Plays
If you’re looking for some nice defensive stocks to go along with the rest of your long positions in the portfolio, then take a look at the list of stocks below that are more defensive than growth oriented. They are stocks that shouldn’t see a lot of volatility and won’t [...]
Long TSL At $30.24
Another trade for you to munch on with Trina Solar (TSL) at $30.24. I’m expecting that over the course of the next couple of days, that we’ll see at the very least a mild bounce in these markets. For one, the bulls just don’t give up easily – especially those [...]
Long NGD At $9.72
Already a trade for me this morning right out of the hatch, as New Gold (NGD) broke out of its ascending triangle a few minutes after the market opened. I’m never a fan of buying stocks right at the open, but when you do it, you have to be willing [...]
Trading Plan for Feb 24, 2011
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): None BIAS: 100% Cash Economic Reports Due Out (Times are EST): Durable Goods Orders (8:30am), Jobless Claims (8:30am), FHFA House Price Index (10am), New Home Sales (10am), EIA Natural Gas Report (10:30am), EIA Petroleum Status Report (11am) [...]
13 Lottery Stocks Under $10
Unlike any of my other screens, this screen focuses on stocks trading under $10/share, and have a market cap of around $1 billion or less. As for the variables that I used in the screen, I focused on fundamentals, particularly companies that have a healthy balance sheet with little debt [...]
Long IO AT $12.62
The bears have yet to provide the follow through that we were all looking for, and quite honestly it concerns me that we still remain situated right on that trend-line from 9/1. I don’t think the bears are proving anything until they can push the market below the rising trend-line, [...]
Trading Plan for Feb 23, 2011
Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): None BIAS: 100% Cash Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), ICSC-Goldman Store Sales (7:45am), Redbook (8:55am), Existing Home Sales (10am) My Observations and What to Expect: Futures are up moderately ahead of [...]
21 Stocks That Are Breaking Down
The market is at a key inflection point here trading at the 20-day moving average. Whether it holds or not is anyone’s guess. In the past we have seen some buying come flowing in at this level, while the sell-off on 1/28 saw us break and close below the moving [...]
