Pro Stock Pickers'  Instablog

Pro Stock Pickers
Send Message
We focus on trading strategies that have historically given traders a significant edge when it comes to investing in the stock market. We have worked under and have been trained by some of the top investors of the past 25 years including WILLIAM O’NEIL(bestselling author and founder of investors... More
My company:
Global Chart Analysis
My blog:
Better Stock Entries
  • Tues Dec 22 Intraday Action-Big movers and Positions we would close 0 comments
    Dec 22, 2009 2:10 PM | about stocks: OSK, VRX, CTRP, HEAT, TUP, WYNN, AIXG, BIDUOQ, BH, WDC, EPAY, TLEO

    SNS is up another 12% today which means it is up over 50% from our Dec 1 entry level.  Looks like SNDK is still running and now TLEO and EPAY are coming on strong.  This puts the number of stock setups from the month of December that are up 10% or more at 15 stocks.

    This SNS Chart just keeps looking better and better.

    Here is a recent list of stocks that you should have gotten stopped out of. If not they are still acting poorly, and we would look to do the following.

    HEAT we would close for now, GNK(needs to hold the 200 day so can wait and watch if still have partial position), BIDU is done as we have been mentioning,not liking the action in WYNN, would close OSK(still up 25% but dead money for now). HOG and TUP on life support trying to get higher.If they start to slip any further we would be closing them out. CTRP is getting beat up today but we are still up around 40%+ so would give it a chance to bounce off the 50 day MA before closing out. If you still have any positions in AIXG we would close out. Not liking the action on LOOP so would look to close out  as well. The rest of our open positions look fine.

    Remember it is always a good idea to play our stock ideas the following way. Typically we get a nice quick move. It is usually a good idea to lock in some of those gains off the first move and raise your stop to either breakeven or you can use a trailing stop depending on market conditions.

    We only had 1 setup from last night VRX but looks like it triggered and so far is working.

    Thanks,
    Brett Marsh
    Chief Market Technician
    www.betterstockentries.com
    brettm@betterstockentries.com

    Disclaimer:

    betterstockentries.com (”Company”) is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice.

    It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company’s website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

    HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

    betterstockentries.com
    603 S. Prospect Ave Suite #203
    Redondo Beach, CA 90277



    Disclosure: No positions
    Stocks: OSK, VRX, CTRP, HEAT, TUP, WYNN, AIXG, BIDUOQ, BH, WDC, EPAY, TLEO
Back To Pro Stock Pickers' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • NVDA is still running and up 36% from our Oct 13 entry point. Could hit $18 area but will most likely take a breather there
    Dec 7, 2010
  • Liking our DIN setup from this morning. Will look to lock in a quick 2 points on 1/2 positions and move our stops to breakeven to let it run
    Dec 7, 2010
More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.