Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Frustrating Action...

Today wasn't a good day. For the most part the markets kept me frustrated all the way into the close. Many of my new trade ideas blew up on me. I stopped out on LFT after an ugly reversal. I was actually able to get in at a good price (32.59) and bailed out at 30.20 for a 7.33% loss. So much for that stock. On the flipside, there were several current holdings in the 'folio that did just fine. These stocks are the cream of the crop and boast the strongest RS in comparison to all the other stocks within the U.S.stock market. The one thing that has me a bit uneasy is the fact that I haven't really found any new high quality stocks to buy. Sure there are still plenty of lower-priced speculative issues floating around but nothing to really get me excited about buying. The amount of negative reversals has me a little queasy as well. I may just be over analyzing the situation though. We'll have to wait and see how the week ends. Keep an eye on earnings for ASIA and CRDC for tomorrow. ASIA already reported earnings and CRDC is due to let the new spill tomorrow morning.

Stocks that Did Well: APPY, AXYS, BIOS, CRDC, HNSN, KHD

Added To: AXYS, BIOS

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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Not Too Shabby...

Although the DJIA was down once again, the NASDAQ was able to pull itself up and close over 20 points. For the past few trading sessions there have been hints that have indicated that the NASDAQ would be the stronger index so today's action does not come as a surprise. It will be interesting to see how the week ends.

New Buys: ALGT, PSMT (rebuy), SHI, WBD

Strong Stocks: ACTU, AXYS, EXLS, FRM, HNSN, KHD, NTCT, RBN, SQNM


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Hate To Sound Repetitive....

...but the only recommendation that I can make tomorrow is to keep adding to your top performing stocks. If of course you really need some new stock or trade ideas check out:

ACTU, CPO, GTI, SILC (rebuy), VOCS, WX

Add to: APPY, EIHI, GHM, KHD, PENX, PWRD, SQNM, SYNT

My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



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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 Tuesday, October 9, 2007

New Buys: AVAV, AZS, BIOS, KHD, MAPP

Added To: APPY, SIMC, SQNM, TIM (so far up 228% since July)

Sell-Profit: STV (+8.85%)

Sell-Loss: SGN (-8.05%)


I will be back later on today to post the rest of today's new buys, add-ons and sells. I will also post any new stocks that look like good buys for tomorrow and the rest of the week. Later.



My Ambitions as a Trader and Investor is not a registered investment advisor. Please read the complete Small Cap Stocks Blog Disclaimer



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