Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Former Market Leaders Continue to Fall Hard/ Some Short Sale Candidates

With the current negative market action, it shouldn't be a surprise that the former bull market leading stocks are taking it to the chin today. AAPL, DRYS, GOOG, PTR, RIMM, SNP

The Risky/Highly Volatile Shorts

LDK short. LDK has already fallen quite a bit from its highs and was one of the first solar plays to get hammered. I would short it only if it nears the 50 day MA. If you short it too far away from its 50 day MA, you are increasing your risk on the short trade.

MFW short. Previously, MFW was a strong stock that ran from 18/20 up to 70 in a matter of months. Now it is looking weak and decrepit. Now is a good time to short a bit of it.

SHI short. SHI, a former China high flier has pierced its 200 day MA once again. I am looking for further weakness in the stock before shorting. A high volume drop is all that it needs to confirm it as a short.

Less Risky Shorts:

BEN

FO

FTEK

MSM

X

ZEP

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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 Friday, October 12, 2007

New long ideas: ALDN, GTLS, HINT, OMRI

Short Ideas: DRYS, PTR, SNP (only short if they continue to show weakness. Always cut your losses short, even when shorting stocks.)

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Possible Top: DRYS

After surging over 500% from its initial breakout in the high teens, DRYS may possibly be topping out, at least for a short period of time. I say that this is a possible top because of the tremendous strength that the stock possesses. Many have tried to short it and they all have been burned pretty badly. Still, this is the ideal price level to initiate a small, speculative short position in DRYS. Watch for possible support at the 10 day Ma (roughly a bit below 100).


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