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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Labels: NWK, SIMC, SLI, small cap stocks, VMW
