One New CANSLIM Long Position, Two New Speculative CANSLIM Long Positions, Three New Speculative Positions, And Three Stocks I Am Adding To My Existing Long Positions

October 28, 2007 | Leave a Comment

The best two out of the bunch are DAC and POWI. Right now I don’t have time to look to see if they have had earnings yet or not but I don’t recommend loading up on anything ahead of earnings. CDS is the best speculative play as the fundamentals growth combined with the China momo could be hot. Or it could be a KUN. No matter what, I still believe that all of these should still not be very large positions. The charts aren’t green enough.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Three New Short Positions For Monday

October 28, 2007 | Leave a Comment

Keep these small. I keep saying it over and over and I mean it.

new short positions: STJ CLP CVH

STJ

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Longs and Shorts for October 26

October 26, 2007 | Leave a Comment

New Longs:  POT HRBN RDNT CKSW

New Shorts:  TEO MSM

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Stocks Put In Another Bullish Intraday Reversal; MSFT Explodes 11% After-hours Setting Us Up For A Gap Higher

October 26, 2007 | Leave a Comment

As the title says MSFT exploded 11% after-hours which has to be a victory for the bulls considering that the bears got the upper hand today by sending stocks lower with a ton of stocks blowing up. This gap higher however appeared to have only a small positive effect on the futures as the Nassy futs are only up 6 points after being up 12 at one point. However, the gap higher is still a positive setup for stocks, after yet another weak session.

Posted by Joshua Hayes | Filed Under Free Commentary

One New CANSLIM Long Position, One New Speculative CANSLIM Long Position, Two New Specualtive Long Positions, And Two Stocks I Am Adding To My Existing Positions

October 25, 2007 | Leave a Comment

I really like POT because it is a leading stock and with it being a leading stock and it bouncing off the 50 day moving average it is hard for me to not tell you to go long this stock. We have not had a really good long (besides MLNX) in about a week but POT is definitely one. Even though it is a “highflyer” and this is not its first stage base this stock still makes a great long here with this move coming on the biggest one day of volume ever. The stock has already had such a huge run that I am not expecting this to be a nice slow mover that produces the big gains that this stock has already made. I am expecting this kind of volume and the momentum in this stock to work immediately. I expect POT to pop and move higher quickly. If it does not pop and start moving higher quickly, the chances of it failing will be high. If this stock doesn’t hit $150 shortly, I will be very disappointed. However, recently, that is what this market is trying to do to all of us-disappoint us. So, now you know where I stand with POT: I like it a lot, I expect it to move quickly since it is a leading stock with a lot of momo behind it, and if it doesn’t don’t be afraid to start trimming immediately. CKSW is a nice small float stock but its low price prevents me from having the confidence to tell you to buy it. It is best to probably avoid it. HRBN is definitely the prettiest stock with all the huge accumulation and max green to green BOP the past month but the stock is not quite a CANSLIM stock yet so it isn’t worth loading up on. But the stock is nice enough to poke some. RDNT is a great low priced stock as its EPS has finally turned positive and the revenue growth the past two quarters have exploded higher. The weekly chart shows how strong this stock is, with its perfect stair-step pattern higher. Something tells me this stock will be a teenager soon. MLNX has not only got a pretty chart for an IPO but it has pretty amazing growth that is only expected to get better. The stock is a little too volatile to be a great long to load up on. But with the fundamentals and the green chart getting better everyday, I am not sure I would want to miss out on this one. With the potential gains in this stock, I think it is worth the risk. VCO is a fantastic stock and that is obvious by its high stock price. Too bad the stock’s average daily volume is so small (7.7k a day!). That prevents me from recommending it to anybody as it is simply too dangerous. If a bunch of sell orders come in at once, this stock will drop 25% with no problem. If you do go long, you better use a limit order only–no exception.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Two New Short Positions For Friday’s Market

October 25, 2007 | Leave a Comment

Neither of these shorts are good enough to be worth large positions. Like I keep saying, every time I take a short, these will be very small shorts and well under 1% of my total accounts. The markets are continuing to have bullish intraday outcomes and some indexes like the Nasdaq 100 and IBD 100 are still hitting new highs. So shorting is still not my preferred way of making money. Especially since I am finding so few FAF, COH, and SHOO’s compared to BA’s and AXP’s. The first three make plenty of money to cover the losses but the odds are still more shorts failing than working. Since it is still almost every 3 longs working for every one that fails, the long side will continue to be the favored side. Keep these small.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Markets Close Lower But Stage An Impressive Intraday Reversal That Sent Stocks Well Off Their Lows; Bullish Hammer Candle Patterns Are Everywhere

October 25, 2007 | Leave a Comment

It wasn’t the most bullish day what-so-ever with the markets all down across the board. But the bullish intraday reversal that sent stocks well off the lows and near the HOD for most indexes has to be considered a successful outcome for the bulls. The Nasdaq, at one point, after the first two hours of the day, was down 2.8%. By the end of the day Nasdaq was only down .88%. This created a very bullish candlestick “hammer” pattern (indicates the index is hammering out a bottom) and when combined with the very bullish daily bars the past two days is nothing but bullish for the charts.

Posted by Joshua Hayes | Filed Under Free Commentary

Two New Short Positions For Thursday’s Market Session

October 24, 2007 | Leave a Comment

Both of these shorts will be small, like all of my shorts have been. I am still testing my toes in the shorts water to possibly land some nice winners as this current uptrend is very mixed with many stocks moving lower despite the markets higher prices. I don’t recommend anyone that has not made money on the long side during the past year short stocks. Only those that have made money on the long side should attempt to trade on the short side. If you can’t make money on the long side, trust me, it is going to be hard to make money on the short side. Keep these shorts small. They will be under $1k each-which is a very small portion of my portfolio.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New CANSLIM Long Position, Two New Speculative Long Positions, And Two Stocks I Am Adding To My Existing Long Positions

October 24, 2007 | Leave a Comment

There is nothing here that qualifies as a perfect or a near perfect chart, tonight, so I am not sure that most of you should be taking positions in any of the stocks listed below. Yesterday was looking very bad intraday but by the end of the day most of my longs came back and put in very respectable closes. That led to only three stocks being full sells. However, recent longs have not been acting well and I think at this point in the market with it being very volatile I think it is wise to recommend that most people that are reading this should probably not go long stocks here unless you really love it. EJ, BKE, and OTEX are the only three that I can recommend as good longs for investors. GVP and PRCP should be completely avoided by all traders, with the market acting the way it is. It is best to leave speculative stocks alone at this point, unless they setup in a base that looks like APPY did in September. The market is still in a very bullish uptrend and ALL OF THESE INTRADAY REVERSALS SHOULD BE CONVINCING YOU THAT THE CROWD AND TALKING HEADS ON TV ARE WRONG. I know they are very smart and they sure do get paid a lot to offer these opinions. But the market is still moving higher and the action in the IBD 100 and Nasdaq 100 are THE TRUTH. Their analysis, for now, are lies. I can only make money with the truth.

Posted by Joshua Hayes | Filed Under Free Archives Longs