No New Long Positions For Friday’s Market Session; RIP Benazir Bhutto

December 27, 2007 | Leave a Comment

God bless you Benazir Bhutto. In this day of great tragedy it is only appropriate that the long/CANSLIM scans produced nothing to buy or to be excited about. There was nothing to be excited about today, obviously, as the market and the news were both bearish. Today was truly one of the worst days since the Valentine Day murder of Rafik Al-Hariri in 2005; very sad, very sad indeed.

Posted by Joshua Hayes | Filed Under Free Archives Longs

New Longs and Shorts for December 27th

December 27, 2007 | Leave a Comment

New Longs: HOKU

New Shorts: None

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

Stocks Continue The Santa Rally With A Day Of Mild Gains On Very Light Post-Christmas Volume

December 27, 2007 | Leave a Comment

There isn’t much to say about today’s market either than the axiom “never short a dull market.” This little saying is proving itself as the low volume Santa Claus rally continues to line traders pockets with money that they are hopefully spending on others this wonderful holiday season.

Posted by Joshua Hayes | Filed Under Free Commentary

COCO 8-1-00 to 3-9-01

December 26, 2007 | 2 Comments

COCO was one of my best performers during the bear market that started at the beginning of September. I have no clue why we don’t get many that look like this nowadays in our bear market. Because as you will see there are going to be a few more during this time (8 more I believe, without looking) which makes the worst bear market I have seen look more bullish than today’s wild choppy crazy-go-nowhere market. Interesting huh? I mean I guess we have a lot of winners now but not may will look like what you are seeing here. Sure we have RICK but let’s look at the rest of our current top winners:

Posted by Joshua Hayes | Filed Under Best of 2000

One New Speculative Long Position For Thursday’s Market Session

December 26, 2007 | Leave a Comment

This is not a stock that I would recommend to my mother and father, let’s just say. It is very volatile and very risky. If this beautiful chart pattern showed up in late 99-early 00 or in mid 2003 maybe I would be interesting in bagging a lot of this stock. But this is not that environment so I recommend taking a Christmas vacation from loading up on this one.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Thursday’s Post-Holiday Market Session

December 26, 2007 | Leave a Comment

Never short a dull market! I am not sure I can make it any simpler than that!

new short positions: none

Posted by Joshua Hayes | Filed Under Free Archives Shorts

New Longs and Shorts for December 26th

December 25, 2007 | Leave a Comment

New Longs: KEQU

New Shorts: None

Posted by MarketSpeculator | Filed Under Free Email Picks Archive

MELE KALIKIMAKA

December 25, 2007 | Leave a Comment

MELE KALIKIMAKA from everyone at bigwavetrading.com! Thank you for being a part of this great team!!! Aloha!

Posted by Joshua Hayes | Filed Under Free Commentary

One New Very Speculative CANSLIM Long Position For Wednesday’s Post-Holiday Market Session

December 24, 2007 | Leave a Comment

There was only one new long that showed up on the scans that is a buy and to be honest I think it is simply too risky to be a decent size position. I am keeping this very small and am going long just in case it explodes to the upside. I want to be able to say I was long on the rally, if we get one from this stock. Obviously, my biggest beef is with the stock being so far away from the 50 dma. If the stock pullsback, it has a natural 18% retracement in it. So this makes it too dangerous for that simple reason. Problem number two is the extremely low average daily volume of only 10,080 a day. Most of you know 100,000 is my minimum a stock must average to be solid enough to make a large position. So this one does not qualify. And my last beef is with the stocks price/volume action. This chart is very green and beautiful but two trading sessions ago it bounced right off the 50 dma, closing near the HOD. It would have been a long but volume was below the 50 dma and BOP fell (but it did remain green) making it seem silly to buy a stock that looked so sloppy on an arithmetic long-term scale. However, now we have our volume, strong close at a new high, and rising green BOP, making it worth a poke. Newbies I suggest you stay completely away and this rule should apply to all stocks under 100k average daily volume.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Wednesday’s Post-Holiday Market Session

December 24, 2007 | Leave a Comment

MELE KALIKIMAKA from everyone at bigwavetrading.com!!!!!!!!!!!!! I hope everyone has a wonderful Christmas and remember it is always better to give than receive. Aloha and have a ton of fun!!

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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