New Longs and Shorts for Feb 28th

February 28, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

Early Morning Rally Turns Into Ugly Reversal By Mid-Day But A Final Hour Bid Helps Stocks Close In The Green; Where Is The Volume?

February 27, 2008 | 6 Comments

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Posted by Joshua Hayes | Filed Under Bronze Commentary

One New CANSLIM Long Position And One New Speculative Long Position For Thursday’s Stock Market Session

February 27, 2008 | 2 Comments

WARNING: CEDC has earnings tomorrow, I believe in the AM. Therefore, newbies, go ahead and stay completely away from this as it is too extended. Instead, wait for a low volume pullback to the 50 DMA before going long. However, besides the earnings it is a very strong chart and the earnings are fantastic. I don’t expect the earnings to come in poor, but in this market anything is possible with the price. Even if CEDC beats and kills, it could still fall. But I play the charts, NOT the news. So I don’t care about the earnings coming up. What I will do is keep it much smaller due to the earnings. Therefore, I will buy half of what I normally would. STSI is in the Tobacco group which has risen from #121 to #36 in IBD’s 197 industry groups. This industry group FLYING up the industry group ratings is not bullish for the overall market as tobacco stocks ONLY lead during bad market. When you see the current leaders, along with this group starting to move higher, you know things could possibly turn very ugly. Therefore, keep these longs small and do not forget that cash is king, in this market!

Posted by Joshua Hayes | Filed Under Free Archives Longs

Three New Short Positions For Thursday’s Stock Market Session

February 27, 2008 | Leave a Comment

I am keeping all of these shorts small as the market is still in a bear market rally. But, I have to admit, there are a lot more people out there that are bullish on stocks and after contemplating a market top are now for sure that the stock market has bottomed. Well, while I doubt we have seen the lows for the market, I still never fight the trend and the trend right now is up in the short-term trend making shorts more risky (unless its name is TSRA) at this point. AKR is my favorite due to the slow long-term rollover, GLNG and CKP are both less appealing due to the chart patterns not being extremely weak. But the patterns are still very solid high reward/low risk short patterns. It will just be up to the market if these work. Right now, cash is king and the best example of that being proof it how HLEX and TSRA can form similar chart patterns but have two very different outcomes. If you went short HLEX expecting a TSRA type of return, you were left very confused by the EOD. And that is this market wrapped up in a nutshell. Short a little, get long commodities, and keep a lot of cash on hand for an easier market (a market in an uptrend for longs and a market in a downtrend for shorts. For about the past month, we have gone nowhere!

Posted by Joshua Hayes | Filed Under Free Archives Shorts

FARO 8-27-03 to 1-20-04

February 27, 2008 | Leave a Comment

FARO was quick and sweet. As you can see the chart pattern that setup is the usual near-perfect to perfect pattern I never pass on and this one was no different. The previous uptrend full of accumulation and green to max green BOP made this choice an easy decision. FARO gained 179% in four months and three weeks from the buy to top and a 139% gain in two months and one week.

Posted by Joshua Hayes | Filed Under Best of 2003

New Longs and Shorts for Feb 27th

February 27, 2008 | Leave a Comment

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Posted by MarketSpeculator | Filed Under Current Picks

Very Nice Rally Powers A Lot Of My Longs To Great Gains; For All The Bullishness Today, Did Anyone Notice Volume Is Still Below Average?

February 26, 2008 | 16 Comments

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Posted by Joshua Hayes | Filed Under Bronze Commentary

One Stock I Am Adding To My Existing Short Position For Wednesday’s Stock Market Session

February 26, 2008 | Leave a Comment

Well, after the wonderful gift that TSRA provided us last night I guess we can’t expect that from this one. Though it would be very nice. However, so those who are only a silver subscriber, I will let you know that I am covering 50% of the TSRA short and I am covering 25% of my GOOG short from 1/4. This should help give you an idea of where and how I like to cover my shorts. Obviously, I will hold the rest expecting lower prices but with the stocks down so much already a vicious rally could definitely hit both of these stocks. And since we can not predict the future (don’t forget Jim Cramer can not, Jim Rogers can not, NOBODY CAN!) we can only prepare for both outcomes. So I will hold some TSRA and GOOG expecting those lower prices but will cover a good amount, since they are down a LOT already. For future references, if you ever have a stock fall 25% or more in one day, right after going long you must ALWAYS take 33% to 50% off the table. You can not take gifts like TSRA lightly. This doesn’t happen often (last time was MAMA’s 200% gain in two weeks) this fast but when it does it sure is VERY NICE. As for HLEX, make sure you keep this short to a manageable size of your account. This is not a perfect chart but neither was TSRA. However, this does have the same similar pattern of failing a breakout with a high volume reversal right below the 50 and 200 day moving average. It is not as “fierce” as TSRA but it still is happening. Be careful out there and if in doubt, newbies, remember, cash is king!!!

Posted by Joshua Hayes | Filed Under Free Archives Shorts

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

February 26, 2008 | Leave a Comment

I am not as impressed with the brand new CANSLIM long as much as I am the two CANSLIM longs that I am already long and am looking to add to. But TKC does have some amazing fundamentals and when you see that kind of growth it is hard to pass up a stock bouncing off the 50 day moving average. So I guess I wont pass it up. If TKC did not have a 97 EPS rating I would not be interested in it. URBN and VIVO are both putting in excellent breakouts from very bullish chart patterns, are both in industry group that are climbing the list of top industry groups based on six-month price performance, both have excellent fundamentals, and each show steady growth in mutual fund ownership. After the fundamentally sound stocks, CN and CREE are my favorites as they both have very green and beautiful chart patterns. The other two stock are very speculative but one is priced over $20 and in the very bullish biotech sector that is climbing the industry group list and the other stock is sub-$4 but in the metalores-gold/silver group. At the rate of speed the gold/silver stocks are moving, this cheap and speculative stock will probably do very well. Newbies, be very careful out there and, when in doubt, remember, cash is king in this crazy market.

Posted by Joshua Hayes | Filed Under Free Archives Longs