One New Speculative Long Position And One Stock I Am Adding To My Existing Long Position For Wednesday’s Stock Market Session

January 29, 2008 | Leave a Comment

The new long tonight is too erratic and choppy really to be considered a strong long in this market. However, if HA is coiled here it should breakout and produce some decent gains. If it don’t the loss is not going to hurt that much. But I am only investing around $250 in it out of a $xxx,xxx account which should show you that it is a play on the chart. If it works, it sure beats cash. FFH is the hottest chart in the market right now and is my largest long holding in my accounts. Good thing I purchased back on 1/18 what I sold at the start of the year or else I would be pretty upset right now. Despite it not being a CANSLIM stock, it is still the hottest chart I have in my portfolio and that is why it is the largest holding. Right now, it is too extended to be worth anything of size. Therefore, I am going to buy a little here with a limit at $310 and $300. FFH is about as nice as it gets right now. If you get a pullback it is worth getting some. I can’t recommend loading up because I think only “balsy” fools should load up here. This market is still nuts. Be careful.

Posted by Joshua Hayes | Filed Under Free Archives Longs

FDP 1-28-02 to 6-18-02

January 29, 2008 | Leave a Comment

This stock should have been a bigger long than what it was considering how green the chart was. But I was not too excited about some stupid food stock then. So this was not a big position, even though it should have been. Still it was much larger than the longs I am taking now in this market where we simply can’t find stocks that look like this this early in the selloff. In a little under five months, FDP produced a solid 80% gain, compared to the Nasdaq’s near 20% decline. A 100% relative gain to the market.

Posted by Joshua Hayes | Filed Under Best of 2002

The Quiet Low Volume Rally Before The Fed Storm; SP 600 Rallies 2.1% On A Very Boring Day

January 28, 2008 | 1 Comment

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Posted by Joshua Hayes | Filed Under Bronze Commentary

New Longs and Shorts for January 29th

January 28, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

No New Short Positions For Tuesday’s Stock Market Session

January 28, 2008 | Leave a Comment

There was nothing in my two short scans that were even close to being a good short. Everything closed well off the lows and the few that did have a weak close were either still above both moving averages or was already down more than 30% off the 52-week highs. There will be always be days during the downtrend when I will not be able to have anything for you. Today is one of them. Continue to watch the 11 stocks I want to be very short for entry points.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New Speculative CANSLIM Long Position, One New Speculative Long Position, And One Stock I Am Adding To My Existing Long Position For Tuesday’s Stock Market Session

January 28, 2008 | Leave a Comment

The two new longs are both Medical stocks which to those reading this site for a while should be no surprise. Neither one are perfect and both show some heavy volume on the pullback leading to this bounce. So that could end up being a problem. But considering where these stocks sit at relative to their 50 day moving average compared to the gains they could return if they work it seems like both are worth a poke. Especially with them both being over $40. It is not like they are trash $5 stocks. CZZ is a great IPO Ag stock with a nice green chart but it has gotten very wild and the sector seems toppy so be careful with that one.

Posted by Joshua Hayes | Filed Under Free Archives Longs

AIRM 3-5-02 to 5-29-02

January 28, 2008 | 6 Comments

AIRM was not a huge winner but the chart was near-perfect to perfect and that produced an excellent gain in a short amount of time. What I want to point out about this stock is that I had to wait a whole month before the prize was realized. I continued to hold the full amount as the BOP stayed green to max green the entire way. That helped give me confidence that the trade would work out. It was a good thing I held on because I did not add to the stock on 4/16. I am not sure why but I believe it was because of the weaker close. However, I think it could have been a mistake (maybe I went drinking that day; I was still partying hard then). In a short two months and three weeks AIRM was able to produce a 50% gain. Both of my large sells are posted below (my biggest sell came at the top as a climax top was clearly made, after such a long uptrend in a bear market, with the huge surge in volume).

Posted by Joshua Hayes | Filed Under Best of 2002

New Longs and Shorts for January 28th

January 28, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

Very Volatile Week Ends With A Very Bearish Reversal On Lower Volume; Stocks Close Out The Week Mixed, With Big-Caps Higher And Tech Lower

January 26, 2008 | 6 Comments

A very bullish open, that I believed was going to send stocks to their follow-through day, was immediately sold and was sold the whole day, without the bulls ever getting a chance to mount a rally. Well, I guess they did near the end of the day but was anyone falling for that? By the close the 2% gain in the Nasdaq turned into a 1.5% loss as the big cap leaders and many other stocks hit resistance.

Posted by Joshua Hayes | Filed Under Bronze Commentary, Free Commentary

Three New CANSLIM Former-Leaders Short Positions, Two New Short Positions, Two Stocks I Am Adding To My Existing CANSLIM Former-Leaders Short Positions, And One Stock I Am Adding To My Existing Short Position

January 25, 2008 | Leave a Comment

I am not loading up on the former leaders like I still want to but I am going to initiate a large position in these three equal the size that I took in AAPL GOOG FSLR and to a lesser extent, sadly, GRMN. I still think that is going to be more backing and filling in this market–I could be wrong though–and would like to get them at a better entry point with a clear breakdown around both the 50 and 200 DMA. The volume on these moves still are not convincing that the stocks are ready to give it up. Still they definitely feel very toppy and heavy. SU is very red and full of distribution and even though it is down a lot already it still has a long way to go and looks so weak that it might not bounce before it collapses. ITRI would be a perfect setup if not for the lack of clearly weak price action. But the failures at the moving averages and the tick higher in distribution makes it look bad enough. GOOG is breaking down on heavy volume and is so weak I am afraid it might not bounce again so I would like to get a bit back that I covered yesterday. FSLR and PKX are not failing on huge volume but both stocks are hitting resistance zones and reversing on an increase in volume that makes for good places to add back the short that we covered for profits at lower prices. At this point, all shorts are very small for me, besides the seven big-cap former-leaders and the chemical stocks when their time comes.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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