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

November 28, 2007

When it comes to the longs tonight, there isn’t necessarily one particular stock that blows me away compared to another. Last night, obviously, I liked EGN a lot. Tonight, it still remains within a safe buy area to add to my original position but it doesn’t have the near-perfect quality to it like it did last night. As for the new longs, the best looking one, imo, is SIRT. This stock is bouncing right off the 50 dma area with BOP being green before and on the move. The RS line hitting new highs well ahead of price also gives the final touch on that nice HOD close. My next favorite long is PEGA with all of its growing green BOP on the chart this month to go along with the perfect bounce right off the 50 dma. The only problem with this one is that the average daily volume is a bit light making it a bit of a risky long. The best CANSLIM long tonight is the SRCL chart. SRCL is bouncing off the 50 day moving average perfectly, closing near its HOD, with a pickup in volume, and green BOP before and on the move. So those are my three favorite new ones. EGN and ELMG are the best two I am adding to as both are bouncing off support near or on the 50 day moving average. ELMG is the one I am buying more of since it is showing the giant volume surge today with a bullish candle price bar and a close near the HOD. I already have a lot of EGN and only will be adding a little more here as I feel comfy with what I already have. I am a little beside myself that BOP did not move up and the RS line didn’t go anywhere but it is still going the right way so that is what matters. ANSR is very pretty but the BOP ticked down so that kills the buzz in this chart. It is still pretty but the fact that this important move today came with a downtick in BOP and the price is under $5 makes it too risky a play. My least favorite longs tonight are BR and II. They may be too risky and it is possible I might not add to them.

new CANSLIM long positions: GLDN SRCL PEG ROS

GLDN is bouncing off recent support near the 50 dma and breaking out to new all-time closing highs, on very strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

SRCL is bouncing off the 50 dma and closing near its HOD, on strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

PEG is bouncing off the 50 dma, on very strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

ROS is breaking out of a cup base and through the 50 dma, on strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

new speculative CANSLIM long position: PEGA

PEGA is bouncing off the 50 dma and nearing a breakout to a new 52-week high, on very strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

new speculative long positions: SIRT ANSR

SIRT is bouncing off the 50 dma and breaking out past the November resistance, on average daily volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

ANSR is bouncing off recent support, nearing a breakout to a new 52-week high, and putting in a very bullish intraday reversal, on strong volume. Cut your first loss with a close below the 4.09 level and your final loss with a close below the 3.98 level, if the stock does not move higher immediately.

adding to existing CANSLIM/speculative CANSLIM long positions: MA EGN ELMG TRUE BR

MA is breaking out of a base on base pattern, on strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

EGN is bouncing off the 50 dma and nearing a breakout to a new all-time high, on strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

ELMG is bouncing off support near the 50 dma, putting in a bullish intraday reversal, and closing near its HOD, on very strong volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

TRUE is bouncing off the 50 dma and breaking out to a near new 52-week high, on below average volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

BR is breaking out of this short flat base with a shakeout pattern, on above average volume. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

adding to existing speculative long position: II

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