Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Stock Picks and Trade Ideas for Thursday, October 11, 2007

New Buy Ideas: ESEA (rebuy), EXH, FLWS, FREE (rebuy), IXYS, LNOP (rebuy), MEA, SEA (rebuy), TRMD

Speculative Buy Ideas: SEED

Add To: ARTW, CU, ITRI, KOP, MEAS, SHOR, VMI, VSEC, WBMD


I will post new stock buys and add-ons tomorrow morning. I've had a long day today (just tired) and I am really out it. Later.

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

An Eye on Today's Laggards
With such an incredible upside move, its hard to believe that some stocks actually closed in the red. Believe it or not, its definitely true. Some of my holdings got hit with profit taking. Lets see which stocks lagged behind the market today...



Today's Losers: CFSG, LNOP, SIMC

I'm not that worried about any of the stocks as I am already making a profit on each of them. SIMC has already netted me close to 50% by itself. Today's decline in SIMC was to be expected as the stock violated its trend line/pattern. I would expect it to trade sideways a bit. Still, patient traders that wanted to get in on the dip had ample time as the stock closed near its 10 day MA.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Another Nice Up Day....
....But, we are still stuck in a lateral trend. Still, if the bullish sediment continues, we may actually be able to climb above the 50 day MA and hopefully stay above it. Today is the day for this to either happen or not happen so keep a close eye on the market. As far as what stocks to buy, hopefully, by now, you should have quite a few of top performers in your portfolio. The markets bounce off of the 200 day MA earlier this week should have provided plenty of time for one to have grabbed some longs. If not, do not worry. If this is the beginning of a new uptrend, there will be plenty of time to pick up some longs. For now, I will be sticking with my winners such as SILC, BKR, MHJ, SIMC, LNOP, etc.

If you need some longs, check out HMSY and MDCA


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Keep it Simple....
Although there are a few new stocks on my radar, I am choosing to keep it simple. There are already plenty of longs in portfolio that are performing well. Stocks such as BKR, SILC, BW, SYNO, BCSI, CVGW, LNOP, ARCI, SLI did well even with though the market took a beating.
Of course, there are others that have not done well, such as: JNPR, SIMC, DCO, MOS, CF, MPWR, TOD, SHEN and MEAS. If they do not improve, I will simply let them go. I have been adding to stocks that continue to perform well. This strategy helps me take advantage of strength, while my cut loss strategy ensures that I keep my losses as small as possible.

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