The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
posted by beanie11111 | 2:33 PM
8 Comments:
PACT just got news. But i am not playing it.
I am done for today. Have a great weekend!
Beanie...
what do you think about
ENMD ANX WGAT
jilpangs,
ENMD and ANX are bumping into resistance. I think they will correct this week. Put on radar anyways.
WGAT: Nice thing is that it closed above $5, but it still has resistance at $6 and at $7.
Of the 3 stocks above, i would watch ANX carefully to see if it breaks and closes above $2.40. ANX has an orderly accumulation for several weeks now. $2.40 forms he double top. Needs to break it on high volume to move up further.
None of the 3 are profitable or expect to be profitable in the near future.
Hey guys,
Please give me no more than 2 stocks if you want me to look into them. I may or may not look at any of them, depending on whether i have time. Thanks.
Thanks beanie...Will watch ANX.
Sorry for putting down 3 stocks.
any picks for this week ??
not much happening in the market today.
Beanie's a great momo trader. He bought giga, useg, and eltk with huge profits on momentum. You should purchase his speculative trading comments on pam on your own risk. He could be holding pam, but i doubt he is holding more than a few hundred dollars worth, in my opinion.
Sorry guys,
I've been at the VLO board and trading VLO all day. There is not much going on today for momo stocks.
PAM is consolidating nicely above the 50day MA. Market is down, so you should not expect the stock to move up. It should move up with the general market.
When you find a momo play and if you put too much in PAM, you can always sell PAM for a moment and buy back after taking profits on the momo-train. Right now, i suggest you hold onto PAM. Market is down. Sit tight. You don't want to sell your holdings on down days, especially when it is still sitting above the 50day MA.
I don't really know why ANX has been moving higher for weeks now, jilpangs. I think it is a story stock. Small biotechs rarely have any profits.
It is very important it breaks $2.40 , in order to move higher.
Note that i have no position in ANX.
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