I Am Having A Great Day Today…But What If I Wouldn’t Have….

December 13, 2007 | Leave a Comment

Remember, ASYS was NEVER a big position. In fact it was very minor, except for my one day order entry mistake, and until I saw someone just now mention it in a chat room I wouldn’t have even known it was destroyed by looking at the total returns in my accounts today. This is an important lesson on making sure that you ALWAYS trade your plan and that you never deviate away from it, even when you are feeling horrible over a stupid mistake.

Posted by Joshua Hayes | Filed Under Free Commentary

Low Volume Rally Runs Right Into Major Resistance: THE FED!; Stocks Selloff On Higher Volume Possibly Ending This Recent Rally

December 11, 2007 | Leave a Comment

What more can you say but WOW!? There is no doubt in my mind that this was one of the worst intraday selloffs I have ever seen in my trading life. Now, I am sure I probably have seen one this nasty before. In fact, in all honesty, I know I have. But it hasn’t been since at least 2000-2002. Since then, I know we have never seen anything like this so late in a day destroying the market like this.

Posted by Joshua Hayes | Filed Under Free Commentary

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

December 5, 2007 | 2 Comments

Despite such a strong day, there sure wasn’t a lot of HOT charts in the scans, probably due to the low volume. Fortunately, there was one gem in HRBN. HRBN has been a bit wild and the last time it looked real good, in October, it failed. But that was because the market ran out of steam. Now, after the IBD indexes, the major market indexes have finally put in a follow-through and should increase the chances of this stock working. The other chances upping the odds of success is that this purchase is coming right as the stock put in a bullish reversal off the 50 day moving average. Back in October, the line was further away, upping the odds of a failure–which is what happened. Even though it isn’t perfect (doesn’t have max green BOP) it is still very nice and a proper limit order sets us up with a great potential reward to very low risk. GXDX is a fantastic IPO with great numbers but is just too new for most to be traded and ASYS is very pretty with all that max green BOP but is a highly volatile stock relative to the overall market. Be careful out there.

Posted by Joshua Hayes | Filed Under Free Archives Longs