Trades for Jan 7

*UPDATE-I like the way ASTM looks and is behaving this am.

A lot of the trades that didn't take off today still look good. We had gains in excess of 40% that closed lower and this is why I say, you get a gift like that, don't be greedy-take it.

New Trades on the long side include(unless otherwise specified, buy on the open):

ASTM
ESLR
HOKU
PEIX
WGA
GPRE remains a hold-you can probably pick some up if you didn't catch the earlier call
NEXM

The above trades are highly speculative but tend to be the big movers.
CYPB and  MRNA look decent, they may not pop right away but are within the buy range now

On the Short Side:

NVS remains a short
MA
LKFN
IT

The above shorts are medium term trades and as such I think they are in decent position to short now, but they probably will perform better over a matter of weeks of months.

Trade Ideas for Jan 5, 2010

As of now, until further update I consider all buy on the open. Most trades found here will be "buy on the open"

L	ABK, MBI, PMI, MTG	They use to be dogs, but now they are starting to move out of decent bases-which stocks am I talking about?
L	EEE	has already posted some decent gains, but it too is coming out of a base so it hasn't entered stage 2 yet-markup. It's a buy here, maybe a little more on a pullback.
L	JAV	is breaking out of a channel, it looks to be a buy on the open.
L	MATK	is another worth looking at-they fit nicely with the Obama administration's re-arrangement os Stem cell research as do many others in the bio field.
L	OESX	looks ready to breakout of that consolidation
L	HOKU	looks like a buy here
L	RDN	is threatening the same
L	ACET	not sure it pops tomorrow, but it does look like a base and a bull-flag, so anytime it's possible for it to pop.
L	CXM	-nice rounding base and volume picking up
L	AEN	is highly speculative-looks like a momo-manipulation play. any one day serious gains should be locked in.
L	ANX	-exactly the same as above-just we have a nice harami reversal in place. Don't overcommit on these trades-they are speculative money trades.
L	SNSS	-same as above-long brutal pullback, but showing intraday 3c accumulation suggesting it's getting ready for another run.
L	VLCCF	final for the longs,
S	NVS	On the short side, there's something very wrong with NVS. Intraday 3C suggests a little bounce so I'd use any pocket of strength to consider shorting this one, so long as it doesn't close significantly above $53.75

OK, I know there are a lot of volatile cats and dogs in here, but that is what is moving. I think those that missed the really are looking for cheap stuff to buy and run up and then there's the momentum wolf-pack traders that are surging these higher-especially in easy to remember NASDAQ tickers.

I advice using the 2% rule and some of the really speculative stuff should be .5 to 1%.

Feel free to email me with any questions at Brandt@Trade-Guild.net

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