Tuesday, February 9, 2010

More then Enough

Yesterday I posted more then enough trades to keep you stocked and today most of them are even more attractive-especially on the short side. All prices UNLESS otherwise noted in the notes are buy on the open AT MARKET. All stops are SUGGESTIONS. You can give them more room (I'd advise buying less shares to equalize your risk) or you can tighten them (and afford to buy more shares at similar risk-there's a lot on Trade-Guild.net under Resources and Concepts on proper risk management which is the centerpiece of what we are doing here).

ALL STOPS ARE AT or as close as possible to MARKET CLOSE-otherwise you are justing getting needlessly stopped out of trades during intraday swings. For the most part, the short trades are position trades, meant to be held for weeks-months-Read at TG under Resources and Concepts "How to make more then 100% in a short". Instead of the stocks, you may also want to look at a leveraged ETF in the same industry group and I'm always happy to answer emails as timely as I can.



NOTE, I Have not notified anyone of their subscription running out, but several of you have gone ahead and renewed-Thank you very much -I'm glad you are getting something of value from the site. I will be sending out notices if you are about to renew or are past due and I'll give a day or two grace period. Please feel free to send suggestions of how I can make this site more helpful to you and check back during the day. Today I noted at 12:50 tht 12:20 was what I believed would be the high of the day-that can be useful information and it was dead on for the rest of the day.

Thanks for reading!

Intrday update #2

Based on 3C readings of the Q's I have reason to believe we may have hit an intraday high at 12:20. I see plenty of negative divergences throughout multiple timeframes so we are holding our short positions and using strength to exit longs.

Intraday Update

These trades-most on last night's list, are all looking interesting this am.


BVN
SNWL
SF
WIT
MOT
MNTG
FCX
TUP
OXGN
CRM
IOC
CRNT
NEXM
ATW
CYMI