Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal (September 21, 2007)
New Buys: ASTI (finally decided to rebuy. So far so good), HSVLY, INXI (finally rebought...so far so good)

Added To: AEY, APPY, ARTW, BKR, BW, EHTH, SGU, SLI, TOD

Sell-Profit: MHJ (some of my position for an 18%+ return), SIMC (some of my position for a 65%+ return)

Sell -Loss: SILC (some of my position for a 8.7% loss)

Still Not Touching: JRJC (give me a nice pullback first)

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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 (September 20, 2007)

New Buys: AATI, AERO (rebought), AEY, APPY, BMI, SHOR, ZINC

Added to: ARCI, ARTW (nice bounce off the 50 day MA), CREE, EHTH, MHJ, MPWR, SIMC, SLP

Watching: JRJC (I feel as if it is too over extended for a buy. I'll watch and see if it comes down a bit before I buy


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

End of the Day Recap..
The markets continued to echo the effects of yesterdays rate cut as they continued to rally, closing up +76 points for the DJIA, +9.25 for the S&P and up +14.82 for the NASDAQ. Even the Russell 2000 has climbed back up on its 200 day MA. A few weeks ago, the Russell 2000 was looking like a mess.
Stocks I Added to: ARCI, BW, FALC, FRM, MEAS, MHJ, OMTR, SLP, SIMC

Stock I should've added more to: EHTH (beautiful chart by the way)

New Buys: CREE, DGIT

Watching: INXI (looking for a dip before the real possible breakout)


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

A Look at Some of Today's Winners...
Some of Today's Winners: ANW, ATRO, BW, CMED, EHTH, FALC, MHJ, NWK, SHEN, SILC, SNCR, SNDA, WAT, YGE


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor


Almost...
Today was almost the continuation of the next leg/chapter of the primary uptrend that began back in the early spring of 2003. I say "almost" because although we closed right above the 50 day MA (the DJIA), we still didn't end up breaking out on high volume either. Also, there still aren't that many healthy bases appearing in stocks either. There are a few breakouts here and there, but nothing that exciting. Most of my stocks did just fine today and for the whole week. There were a few of them that did act up though. MHJ and HMSY did not act as well as I would have liked. Still, others such as NWK, SIMC, SLI, and TOD did just fine. Some of my top winners are taking short breaks and consolidating for a little (such as BKR and MPWR). Still, even their charts still look good and as long as the market doesn't flop and break down again, I'm sure they will fare just fine. For now, enjoy the weekend. I will try and post a few new longs for the weekend. I will also try to do some further analysis on some current holdings and see which ones I should add to and which ones I will sell.


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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

In Play: MHJ, SILC, SIMC
Here are three In Play candidates for today. MHJ seems to be the most speculative and the riskiest of the bunch. Still, despite its volatile nature, MHJ has improving fundamentals and boasts improving earnings, quarter after quarter. So its no wonder that institutions have begun to take notice in MHJ and picked it up yesterday on strong volume...




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