No New Long Positions For Monday’s Stock Market Session

December 28, 2007

For the first time, in a long time, there are not any new long positions for a second day in a row. In fact, I am not sure that has happened yet this year. If it has, I simply don’t remember it as I worked my butt off this year trying to make money in this crazy market. Oh how I long for the good old days of 1999 and 2003. They will come around again. Heck, I will take just one nice stock that looks like AFSI did in April or TESO did in February or OIIM in June or APPY did in September. However, in June, OIIM, and in September APPY wasn’t near the quality of AFSI and TESO and therefore could not warrant huge positions, with either the volatile price action or poor fundamentals. If we were looking for just high quality stocks with high quality charts, you have not found any, that worked (SNDA INXI BLL BYI failed), since April and you are not going to find any now. We must continue to be patient and wait for more HRZ, RMTR, AFSI, TESO, and APPY type charts to be made (those are the most recent big winners with top quality fundamentals and hot charts) or wait for the market to follow-through with some huge price and volume gains. Until we get that we are not going to find the stocks with the max green BOP action of ARL that have the price and volume action of HRBN. If ARL’s BOP was on HRBN’s chart, do you think I would have loaded up? If your answer is yes, you are right.

new long positions: none

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3 Comments »

Comment by JOE CASTAGNARO Subscribed to comments via email
2008-02-23 14:07:12

Hello, I am looking on the site for a list of suggested long stocks, I see many articles but no listings

 
Comment by MauiTrader
2008-02-23 14:34:57

What? Bro. Silver Longs section is where i post all my longs. It is a subscription based site. You will not find anything in the old post.

DUH!

 
Comment by MauiTrader
2008-02-23 14:36:36

How can you NOT know where to find it?

If you can’t find it here, you probably shouldn’t be here. :)

It is just the God’s honest truth. This is NOT an easy game and if you come into this place as a complete newbie you are NOT going to understand anything.

You are dealing with a 12 year PROFESSIONAL and asking where to find the longs when it is clear as day?…..yeah, you might want to take some time reading some books first.

 
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