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

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

Keep an Eye on Stocks Showing Strength...
Here are several stocks that seem to be showing above average strength...

SHEN, TOD, SLI, MPWR, BW, SILC, HEW, SIMC, LNOP

SHEN - Although SHEN is too extended from the 50 day MA to make a low-risk trade, experienced traders may be able to take advantage of its daily fluctuations to its 10 and 20 day MA.


TOD


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