Three New CANSLIM Long Positions, Four New Speculative CANSLIM Long Positions, Five New Speculative Long Positions, And Three Stocks I Am Adding To My Existing Positions

October 31, 2007

I am going long every stock in this list tonight, except all the new speculative long positions. I am not going long any of those stocks (except SHI). However, for experienced investors, if any of those interest you then take them. However, at this point in the rally, I am focusing on quality only. The chart must be perfect if the stock is not CANSLIM. If the chart isn’t loaded with max green BOP, from now on, I am passing. This rally probably will last till the end of the year but I only want to be in quality at this point five years into this bull market. Happy Halloween!

new CANSLIM long positions: SNP GPRO NVO

SNP is bouncing off support and breaking out of this very short and tight consolidation pullback, on extremely strong volume. Cut your loss with a close below the 146.60 level, if the stock does not move higher immediately.

GPRO is bouncing off the 50 day moving average and putting in a very bullish intraday reversal, on very strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

NVO is bouncing off the 50 day moving average and breaking out of a cup pattern to new all-time highs, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

new speculative CANSLIM long positions: PTR LULU INMD SVA

PTR is breaking out of a short two-week high tight flag pattern, very strong volume. Cut your loss with a close below the 232.75 level, if the stock does not move higher immediately.

LULU is bouncing off recent support and the pivot point area of the October breakout, on above average volume. Cut your first loss with a close below the 48.51 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

INMD is breaking out of a long saucer with handle pattern to new 52-week highs, on strong volume. Cut your first loss with a close below the 12.65 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

SVA is bouncing off recent support near the 50 day moving average and nearing a breakout to a new 52-week high, on above average volume. Cut your loss with a close below the 5.35 level, if the stock does not move higher immediately.

new speculative longs: QTM SNCI IVAN EDA SHI

QTM is bouncing off support right at the 50 day moving average and closing at its HOD, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

SNCI is breaking out of a saucer with handle pattern, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

IVAN is breaking out of saucer with handle pattern, on above average volume. Cut your first loss with a close below the 2.22 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

EDA is bouncing off recent support in this flat like base and breaking out to a new 15 day high, on strong volume. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

SHI is bouncing off the 50 day moving average and breaking out to a new 5 day high, on extremely strong volume. The max green BOP the past three days helps make this chart much prettier than it would be without the max green BOP. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.

adding to existing CANSLIM long positions: MLNX HRBN

MLNX is bouncing off recent support after a normal pullback from a breakout to new highs and closing at its HOD, on strong volume. Cut your first loss with a close below the 21.65 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

HRBN is breaking out of a short base on long base pattern, on average volume. This chart is very pretty with all the max green to green BOP from May to June and September to now. Cut your first loss with a close below the 17.11 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

adding to existing speculative long position: WRLS

WRLS is breaking out of a flat base with a shakeout pattern to a new 52-week high, on strong volume. This chart is extremely beautiful with all the green to max green BOP all over this chart going back to the beginning of October 2006. Cut your loss with a close below the 50 day moving average, if the stock does not move higher immediately.