Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Trade Journal
New Buys:

Added To: APPY

Sell-Profit: ARCI (sold some of my position for a 45% gain), NWK (+23%)

Sell-Loss:



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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 Analyst Assault...
This week has been very rocky for certain stocks as a string of analyst downgrades trimmed more than a few points off most of the markets would-be winners. Some of my stocks have been hit as well including: NWK, OMTR, and SILC. Be careful when playing with stocks that have been downgraded by analysts. Although analysts are often wrong in their assessment and sometimes upgrade and downgrade stocks for their best interest, it is wise to just stay clear of the drama that may ensue. Remember that analysts and their evaluations hold weight and their advice is acted upon by investment banks. It's their word against your stock holdings, thoughts and beliefs. Although I've had some past success with stocks that were downgraded by analysts (PLXS-downgraded 3 times before it broke out), it seldom makes sense holding a loss in a stock that has taken a hit after an analysts rash thoughts on the companies future prospects, when there are plenty of other stocks out there showing strength.

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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

In Play: NWK
This is a good time to either initiate or add to a position in NWK. This has been one of my favorite plays since 2006 when I initially bought it between 4.30-5.00. It is already up 17% from the last time I mentioned it as an In Play Candidate about a week ago.That just goes to show you how much strength and momentum NWK has.


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Market Comments Submitted by Nick at Ambitions as a Stock Trader

Submitted by My Ambitions as a Trader and Investor

Add-Ons, Sells, etc
Stocks one should Add To: (Note-One can also initiate a new position in the stock at these points as well.)

BCSI



CMED



FALC



NWK



SHEN



SLI



STRL



TOD



TWTI



WRLS



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Sells: Stocks which one should or already should have sold to either take profits or cut losses. Also includes stocks which are on the verge of being sold if they do not continue to show improvement in their chart pattern.


ARTW (if it continues to show weakness and fail to bounce off the 50 day MA)

DBTK (correct sell point would have been a close below its 50 day MA)

DCO

JNPR

LKQX (sell if it can't continue to bounce off of its 50 day MA)

MFE (sell if it can't climb back on its 50 day MA)

MOS

NUAN (if it can't bounce/hold itself above its 50 day MA)

PAS (chart is starting to deteriorate. Time to take profits)

PEGA (sell if it can't bounce off of its 50 day MA)

RGEN (failed breakout. Take Profit and Sell)

SCLD

SPNC (sell and take profits if it can't bounce off its 50 day MA)

STAR

SURW (this one has been a sell since it closed below its 50 day MA. I have already sold it. Sell it as well, if you haven't already done so. This was a failed trade for sure)

SYNO

UA ( sell if it can't bounce off of its 50 day MA)

VII (Sell/take profits since the stock has closed below its 50 day MA on heavy selling volume)



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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

Indecisive Market Action...
Today's market action pointed towards as state of indecisiveness among investors and traders. It seems that although there were quite a few bargains in the stock bargin bin for investors to pick up, many were still a bit weary and cautious about the recent red-hot sale on Wall Street. Of course everyone is looking for a bounce. Without it, these so-called bargins were really not bargins at all, but instead, empty bags for foolish speculators to hold. The fact is, no one wants to be a bag holder. With that in mind, it is easy to forgive todays mixed action. Despite this, there were a few stocks that still look promising. SLI, NWK, VMW, SIMC and a few others.

NWK



A great time to initiate a position or to add to an pre-existing position. I've been long NWK for a while now (since the beginning of the year) and up over 100% so far...



SIMC



A fairly recent long, SIMC has been trending beautifully right along its 10 day MA. So far, I am up over 18% on it.


SLI



A recent fave, SLI has a similar trend to SIMC. Notice the stock is trending right along its 10 and 20 day MA.


VMW


VMW is my favorite IPO at the moment. Today's breakout helped catapult VMW to new heights...


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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: NWK
Today's In Play candidate is............NWK......


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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