|
|
trade stock, stock trading class
[Weekend Summary]
Dear Member:
On Wednesday night, I returned from a fantastic fishing trip to Alaska. The weekend before I left, I gave our two day seminar, and what a success it was! Everyone immediately signed up for my one day Technical Trading Class. Don't worry, no sales pitch for the Technical Class since attendance at the 2 day SWAT class is a prerequisite.
The markets didn't do very much in my absence and wound up today pretty close to where they were when I left. I sent out alerts with my stops while I was gone and I think only one position closed out, and that was in the $10 and Under service where I was sold out of a position at a 10.6% profit before commissions in 15 days. The Dow 30 is still in an uptrend, but the down days seem to be attracting greater volume. The SP-500 and Nasdaq are marking time going sideways so we still have no clear direction of overall direction which is so important to trading equities.
Well, my stop (as set out in my alert before my trip) was hit on Finisar (FNSR) and the trade closed for a tidy little 10.6% pre-commission gain in about 2 weeks. I'm looking an FNSR for another potential entry now. I've played this stock before with success.
Today, I sent a buy alert on Silicon Storage Tech (SSTI)at a limit of $4.10. I like the position of the stock and have a nearby exit if the stock should close below $3.90.
Denny's (DENN) has continued its climb. I like what I am seeing even though a little retracement would not surprise me after so steady a rise. Mindspeed (MSPD) is still flat-lining, but stays above my exit level. Commontouch Software (CTCH) continues to trade within about a 15 cent range and I'm just waiting for a breakout.
Emcore (EMKR)is back around support at $7.
Ciena (CIEN), in which I currently have no position, is worth watching in my opinion.
Bill
|
Home |
Subscribe |
All Rights Reserved |
Privacy Policy |
Advertising |
Contact Us |
Terms of Use |
Disclaimer |
Links
|
trade stock
stock trading class
|
