Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

The Big Ugly Close

Todays big ugly close left the DJIA teetering right over its 200 day MA. If were going to have a bounce its going to have to happen soon. Otherwise, if we pierce the 200 day MA, we may have to actually kiss the primary uptrend goodbye. Still, despite today's strong dose of pessimissm, there were several stocks and industry groups that did rather well. Medical Product makers and Fertilizer stocks were able to do quite well. Some notable stocks in these groups include: II, and CF, MOS, POT

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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 Tuesday November 6, 2007

Buy Ideas: CEL, CELL, ININ, PSEM, STRN

Add To: ASTI, ATHN, IIN, TRCA, VIRC, VLNC

Also keep gold/silver stocks on the radar as they may recieve a boost today from rising gold futures.

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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 Monday November 5, 2007

New Buy Ideas: ABAX, ATRO (rebuy), NSU

Add To: ARTG, EDAC, II, IIN, TISI

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Current Favorite Charts...

Some of my current favorite charts

ARTG


ARTG is a promising micro-cap tech issue that has recently broken out of its base. It has been consolidating for the last few days (on lower vol.), waiting for the next wave of heavy buying to lift it up to the next level.




II


II has a very strong technical chart that looks promising. The stock seems to have finally bottomed out and is in the middle of working on the right side of its base.






IIN


Although IIN may looks a bit extended, Friday's pivot point shows that the stock still has strength as buyers took advantage of its intra-day dip to 13.50, helping the stock close near its HOD.



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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Hit or Miss...

Today was another one of those hit or miss kind of days. If most of your holdings were in NASDAQ listed stocks, you probably did not fare that bad. But, those who had a large stake in China, Shipping or Solar stocks definitely felt the burn today. Remember to keep those stop loss triggers handy if your trades are going against you. This is not the time to pile on tons of money in individual stocks. Keep positions manageable in size. Last thing one needs is to get in over their head and receive a massive margin call.

New Buy Ideas: AOB

Add to: ACTU, ARTG, EDAC, IIN



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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal for Monday October 29, 2007

New Buys: ARTG, IIN, ITI

Added To: EDAC

Sold-Profit: AZS (29%)

Sold-Loss: CKSW, BW, CATS


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

In Play: ARTG, IIN
Here are the two stocks that I was talking about. I already played IIN before for a 40% gain so this would be a rebuy for me. ARTG is also showing strength. Today is a good day to grab it as it is taking a small rest before its next move up. Of course, cut your losses short. There is no need to let any loss escalate and get out of proportion. Good luck!

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Market Comments by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

...I still have many stocks doing well and others not doing so well. This is not usually a positive thing. Still, I have to work with the trend that the market gives me. I have already closed my mini futures for a slight profit/break even. I should have done that yesterday, but I didn't get a chance. For now it is not worth being short unless a definite trend emerges. So lets see which stocks fared well, which didn't and which ones ended up mixed for the day...

Stocks Doing Good: GNET (by the way, GNET makes a good buy even at the current level as the stock is still within a proper buy point), IIN, CVGW (CVGW provided a small buy point on today's dip. After today's strong action, I am convinced that CVGW is shaping up to be a powerful mover), SHMR (a good time to buy SHMR is when it trades near its 10 day MA), SPNC, SYUT


Stocks Not Doing So Well: KTEC ( I should've sold it all yesterday. I got rid of the rest of my position and I still made a profit of over 20%). BOOT (ugly reversal...if it doesn't shape up tomorrow, I'm selling), LGTY (finally got rid of this pos...I failed to follow my own rules. I should have sold this one a few days ago), SYNP

I've been looking for any new longs and think that I may have found a few. If you choose to play them, play them at your own risk. Do not put a crazy amount of money in any new position. It is far better to just keep adding to your top performing stocks and getting rid of stocks that are performing poorly. In tonight's search I have found many past stock picks and holdings. I will try to post some either later or early morning. Today was a long day and I'm getting a bit tired.....

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Trade Journal Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal
New Buys:

Added onto: IIN, CVGW, BOOT, SHMR, SYUT (High, tight flag candidate)

Sells Profits: KTEC (sold some for a +32% return)

Sells Losses:

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