Some stocks have now popped up onto the watch list to buy at an opportune time. These include: LAYN, NVDA, VDSI. In fact LAYN, is currently in buy territory, but I have to mention that buying a stock during a market correction is tough to do since a trader should be in cash and not into buying stocks.
On the flip side, many stock have jumped on the "short" list. Remember, shorting a stock is tough to do so make sure you are comfortable doing this type of trade. New additions to the short list include:
ABK, AHM, AIV, AVB, AXR, BFS, BIO, BONT, CAC, CAKE,CHKE,CPKI, ESE, FACE, FED, IGT, INSU, LEAP, LXK, MBI, MBWM, MKL, MTB, MWRK, PFB, PMI, PSA, PVTB, RAS, RCII, RWT, SHLM, UCBI, VTAL
In July, I made mention of some stocks that I thought were going to make a move.
ICE was cut at an 8% loss.
CTRP came within $0.56 of the 8% stop loss order, but today bounced more than 8% on huge trading volume. To me that is a signal to buy again.
On July 10th, CROX was mentioned and has been the great winner of the three. So far it is up 24% from the buy point and that is less than 3 weeks. REMEMBER - ONE OF IBD's RULES IS TO HOLD ON TO A STOCK FOR AT LEAST 8 WEEKS WHEN IT RISES MORE THAN 20% IN LESS THAN THREE WEEKS.
MBT was a perfect "short" set up and it worked out for an 18% win when the stock went down.
You can always go look at these charts for free at www.stockcharts.com
Good luck trading.
JD
BUY LIST:
AAPL, ACH, ARD, BAP, BHP, BIDU, BOOM, CAE, CAM, CLB, CMED, CRNT, DECK, DRYS, DSX, EDU, ELP, ESI, ESV, FLIR, FMCN, FSRV, FSTR, FTI, FTK, GRMN, GSF, GSOL, HAL, HURC, HURN, ICE, IEX, ISRG, KMGB, LAYN, MICC, NILE, NOV, NVDA, NVEC, NVT, OMCL, OYOG, PCLN, PCP, PCR, PCU, PDE, RDC, RIG, RIMM, RIO, SII, SQM, SRCL, TBSI, TNH, TWIN, VDSI, VIP, VMI, VSEA, VSEC, WBD, WFT, WOOF, WHQ
SHORT LIST:
ABK, AEPI, AHM, AIV, ALX, ARE, AVB, AXR, BIO, BONT, BSC, BXP, CAC, CAKE, CHKE, CPKI, CT, DSL, ESE, FACE, FED, GHL, IGT, INSU, ITMN, KB, LEAP, LPNT, LXK, MBI, MBWM, MKL, MSTR, MTB, MWRK, NVR, PJC, PFB, PMI, PSA, PVTB, RAS, RCII, RWT, SEPR, SHLD, SHLM, SLG, STU, UCBI, VNO, VTAL, WSC, WY
Thursday, August 02, 2007
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