Longs and Shorts for October 24th

October 24, 2007 | Leave a Comment

New Longs:  MLNX ONNN QXM AUTH USPH  New Shorts:  EW

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Did You Panic Last Friday?

October 24, 2007 | Leave a Comment

Were you ready yesterday?Â Maui was, check out what you would have gotten as a Platinum Subcriber:

Posted by MarketSpeculator | Filed Under Free Commentary

My Perfect Scenario From Yesterday Comes True As Stock Indexes Rally Higher And Close At Their HOD After A Bullish Intraday Reversal

October 24, 2007 | Leave a Comment

Well it doesn’t get much better than that. After opening higher, the major market indexes all reversed and started moving lower giving up the morning gap. But then, if as the market was listening to me (don’t I wish), the market did just what I asked of it last night and rallied higher the rest of the day closing at the HOD. What made it better was that the Nasdaq led the way among the major indexes and did so on a very nice surge in volume. And today’s volume was in no way options related like the volume on Friday’s extreme selloff.

Posted by Joshua Hayes | Filed Under Free Commentary

One New Short Position For Wednesday’s Market Session

October 23, 2007 | Leave a Comment

Remember, these short positions are very tiny for me and it is just me dipping my toes in the short waters to hopefully get some more SHOO COH HUBG type of moves. PHI MTG RDN JWN and JPC are all shorts that have done well during this bull market and I guess it doesn’t matter how you make money as long as you make it. But the long side is where the big money is being made right now. To say it isn’t is just a lie.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

October 23, 2007 | Leave a Comment

None of the longs here tonight are perfect but we do have some juices yet very volatile setups. My favorite long tonight is MLNX but this chart is by no way perfect and I can not recommend you load up on this one. This is my favorite one tonight because the recent growth has been very large and is growing. The chart also is very pretty with all the recent accumulation and BOP going max green today. The stock with the most consistent earnings growth with a nice chart is ONNN. Too bad the fundamental growth in ONNN are slowing or else this would be the best stock to purchase tonight. QXM has the best fundamentals with EPS and sales growth exploding with consistency. But the chart is very volatile and it possibly could have already put in a significant top with that huge reversal on huge volume in October. So this stock is best to be avoided. AUTH is going to be a very small long as it is in a very risky/extended point on the chart. USPH is a very pretty chart on the short term but the fundamentals are not good enough that I would want to buy a lot of this one. If BOP was max green, maybe I would change my mind. But it isn’t and that is that. FALC is, of course, as you all know, is one of my favorite stocks, but since this close-to-a-breakout is on low volume I have to recommend that if you take to keep it small. If you missed the buys in August, I apologize, but it is a bit risky up here to load up now. OMPI is a great breakout but the lack of volume is a worry. However, due to the max green BOP, a small position would be OK.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Longs and Shorts for October 23

October 23, 2007 | Leave a Comment

New Longs:  AID GBT  New Shorts:  NONE

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Current Winner But Will Eventually Be Known As A Past Big Winner

October 23, 2007 | Leave a Comment

APPY: this is how you want a long to act after you go long. this is a perfect chart. no flaws. The gain at the top on 10/26 was a nice 150% return in a tad over a month.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Stocks Rally Higher On Lower Volume, Much To The Dismay Of Those Who Panicked And Sold The Open

October 23, 2007 | 1 Comment

Nothing is more bullish in a stock market than when a market opens up at its LOD and rallies higher all day long and closes at its HOD. That scenario is made even more impressive when the market gaps lower like it did on Monday. And the last scenario that makes it perfect is to have higher volume. Darn it, it wasn’t perfect.

Posted by Joshua Hayes | Filed Under Free Commentary

Two New Very Speculative Long Positions And Two Stocks I Am Adding To My Existing Positions

October 22, 2007 | Leave a Comment

There is nothing here that should be of ANY interest to anybody. I don’t recommend ANYONE go long AID, GBT, or SMBL. The only one that deserves your attention tonight is LYTS. And to be honest, if you aren’t long this stock by now, you might want to pass here also, as the stock’s price is getting quite volatile compared to its previous price movements.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Tuesday’s Market

October 22, 2007 | Leave a Comment

There were no stocks in my short scans that would make good shorts in the current market. Today’s rally PROVES why I keep telling you OVER AND OVER that it STILL is NOT the right time to short stocks. The right side is still the bull/long side, until all my pretty charts are broken, the big-cap high-tech leading growth stocks top and reverse on huge volume, and the market rolls over. Until this happens there is no way I am becoming a bear. Especially with the crowd constantly become bearish as quickly as they do on every downtick. It will take more than one day of selling to scare me out of my longs.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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