Followers

Sunday, January 13, 2008

Sunday Nite update

Summary

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Still holding TSE:UEX and STM.v, but I am close to giving up on those two losers.
Still holding SEED, moving my stop up to 9.7.

Currently on the watchlist:

MR: buystop@40.25, stoploss @39
SONO: buystop@39, stoploss @37.8
MCK: buystop@68.01, stoploss @66.24
RBCN: buystop@23.01, stoploss @22.44
KG: buystop@11.55, stoploss @11
LNN: buystop@70.4, stoploss @66.2
NSPH: limitbuy@13.8, stoploss @13.3

Another sector that I've noticed acting strong in this market is the medical equipment and supplies sector. Over half of my picks tonight are from this sector. There's actually stocks within this sector that look even better than the ones that I've picked in this watchlist (eg. CPHD, XRAY, CVD)); unfortunately, they have already broken out and are nearing overbought levels.

7 comments:

Adrian said...

SEED is still ripping. Picked a good horse there.

I like LNN and will probably join you in that trade. Thanks for the ideas.

Phileo said...

Hey Tyro,

The whole aggie sector is ripping today, makes me wish I loaded up more..... Oh well....

Adrian said...

LNN is going, but vol is so lame, it's hard to get aboard. I was also looking at RIG and it's moving strong, but the same problem, vol is weak, weak, weak.

Making excuses? Maybe. Lots of horses running without me today.

Adrian said...

So how're you managing to keep tabs on everything at work? Do you always have some tickers open or do you check every few hours? How do you find it?

Adrian said...

Dang, look at LNN go! Nice pick Phileo, hope you got in on it. Maybe I should loosen up a bit and take a small position, even though the vol may not be stellar.

Phileo said...

Hey Tyro,

I thought you were going to get aboard with LNN? oh well.... Regarding the volume, price action is more important than volume in my mind....
As for monitoring my positions at work, I have google GDS w/ the sidebar active at work, so I can monitor my positions (albeit w/ a 15min. delay). I have my stops in place, so I try not to monitor it too much, although it's hard not to check in on them every half hr or so.

Adrian said...

Yeah, was going to take it but my current trial set of rules say that breakouts should be on higher than avg vol, pullbacks on lower than avg, so LNN didn't fit. Maybe the rules need altering. What can I say, I'm learning.