pietistic
10-19-2005, 09:43 PM
I apologize for my lack of follow-up on all my picks from today. I don't trade for a living so when work gets busy, the market is takes second stage. I'm going to provide a little insight as to what my picks have done after the past few days...
On Monday I recommended 3 picks, CZN DKS IIG
CZN didn't show much strength on Monday or Tuesday, actually falling on Tuesday. I wasn't sure it had any bounce in it until it gapped down today and closed up $.01 on good volume. This may be worth adding to your watch lists.
DKS was the champion on Monday's picks continuing it's run into Tuesday. If you bought the DKSKE option you could have made quite a bit ($2.90 - 4.50). The stock got beat up this morning but rallied back with the market, however I'm done watching it. The bounce was what I wanted and got.
IIG had a great Monday but has been somewhat disappointing since. I'd like to see more out of this stock but Monday's bounce may have been all it could give.
On Tuesday, I recommended a variety of picks but updated you at 10:00 with what I really felt like may be some solid performers (you never buy in the first 30 minutes anyway), QGEN, AUDC, GVHR, PAYX.
QGEN has moved well yesterday but gapped down today only to later break the high set yesterday and close up another 1%. Depending on the market, this could have one more day left in it.
AUDC had a great move yesterday but stuttered a bit today creating a doji today and falling $.02. I'm concerned its bounce may have stalled.
GVHR was up early yesterday 30 minutes into the trading day but volume was incredibly light. It was unable to sustain it's bounce and closed down and continued going down today. I still think there's some bounce here so watch it to show some strength in the days coming. It could be a later bloome much like CZN has been.
PAYX was the champion of Tuesday's group, today. PAYX didn't show much of anything on yesterday but was able to finish up $.03. Today, after staying flat early, PAYX finally gave us the bounce we wanted this afternoon.
Wednesday was another flooding of stock possibilities, but work got hectic and at 10:00-10:30 I wasn't watching any stocks to see where the money could be. I went back and looked at intraday charts to see what was happening...
ABD never showed any signs of covering it's .5% gap, and even fell all the way to $23.95 at 10:30. This is a stock we would not have wanted to enter despite the fact it made some ground late in the day.
ASD gapped down 2% and fell sharply before 10:00. It would not have been traded.
AT also fell sharply before 10:00 taking it off the list.
BEV opened flat and showed a little strength just before 10:00. At 10:00 it was flat but showed strength later in the day on good volume, 10:57 and 11:48. It closed down slightly and maybe worth watching tomorrow.
ELY gapped down 1%, showed strength heading into 10:00, dropped off, then showed strength again around 10:30. This is probably a stock I would have gave a green light to buy and had a lot of disappointed people. It fell from 10:48 to 12:15 before rallying, consolodating, rallying, and consolodating to close-out the day up $.05. Watch this stock tomorrow for the boom.
AVX was extremely light volumed this morning down around $.10 at 10:00. Just past 10:30 it showed strength. Had we bought, it would have played out much like ELY, falling throughout the day and rallying through the afternoon. Also like ELY, it had great volume today and should be a riser tomorrow.
RRI gapped down 1.5% and fell sharply before 10:00. It would have been taken off our lists despite making up all it lost and closing up $.05.
PWR gapped up nearly 3/4% and filled the gap just before 10:00. At 10:05 it would have been a watch and a buy around 10:15 at $11.30. That buy would have made you $.20 by the end of the day.
BCE, despite gapping up, had lots of selling to start the day. It would have been hard to recommend the stock despite the fact it was green.
HRS fell heading into 10:00 but at 10:10 there was lots of good buying before the stock fell again into 10:30 on lighter volume. We probably wouldn't have recommended the stock but it actually did well throughout the day finishing strong.
GVHR was on our list again today after being up early yesterday and giving it all back. Today wasn't better as the stock opened flat and fell heavy into 10:00. Near the end of the day today there was some great buying on above average volume, hopefully it bounces tomorrow.
Thursday, watch for the following:
TTWO - New on the list...
AT - Has made the list twice but never shown any signs of bouncing, tomorrow could be the day.
CZN - Pick from Monday that never was a 'go'. Now looks ripe.
GVHR - Picked Tuesday and Wednesday but hasn't given us much.
BEV - Keep waiting for green...
ELY - One of my favorites for Thursday.
AVX - Could possibly break green...
PWR - Continuation move from Wednesday...
*As always, good money management is the key to making money. Wait for strength to be shown after 30-60 minutes of trading. Never buy a gap (down or up). Know your risk tolerance, and take your profit and run, don't hang around in an over-extended rally; these aren't long term picks.
On Monday I recommended 3 picks, CZN DKS IIG
CZN didn't show much strength on Monday or Tuesday, actually falling on Tuesday. I wasn't sure it had any bounce in it until it gapped down today and closed up $.01 on good volume. This may be worth adding to your watch lists.
DKS was the champion on Monday's picks continuing it's run into Tuesday. If you bought the DKSKE option you could have made quite a bit ($2.90 - 4.50). The stock got beat up this morning but rallied back with the market, however I'm done watching it. The bounce was what I wanted and got.
IIG had a great Monday but has been somewhat disappointing since. I'd like to see more out of this stock but Monday's bounce may have been all it could give.
On Tuesday, I recommended a variety of picks but updated you at 10:00 with what I really felt like may be some solid performers (you never buy in the first 30 minutes anyway), QGEN, AUDC, GVHR, PAYX.
QGEN has moved well yesterday but gapped down today only to later break the high set yesterday and close up another 1%. Depending on the market, this could have one more day left in it.
AUDC had a great move yesterday but stuttered a bit today creating a doji today and falling $.02. I'm concerned its bounce may have stalled.
GVHR was up early yesterday 30 minutes into the trading day but volume was incredibly light. It was unable to sustain it's bounce and closed down and continued going down today. I still think there's some bounce here so watch it to show some strength in the days coming. It could be a later bloome much like CZN has been.
PAYX was the champion of Tuesday's group, today. PAYX didn't show much of anything on yesterday but was able to finish up $.03. Today, after staying flat early, PAYX finally gave us the bounce we wanted this afternoon.
Wednesday was another flooding of stock possibilities, but work got hectic and at 10:00-10:30 I wasn't watching any stocks to see where the money could be. I went back and looked at intraday charts to see what was happening...
ABD never showed any signs of covering it's .5% gap, and even fell all the way to $23.95 at 10:30. This is a stock we would not have wanted to enter despite the fact it made some ground late in the day.
ASD gapped down 2% and fell sharply before 10:00. It would not have been traded.
AT also fell sharply before 10:00 taking it off the list.
BEV opened flat and showed a little strength just before 10:00. At 10:00 it was flat but showed strength later in the day on good volume, 10:57 and 11:48. It closed down slightly and maybe worth watching tomorrow.
ELY gapped down 1%, showed strength heading into 10:00, dropped off, then showed strength again around 10:30. This is probably a stock I would have gave a green light to buy and had a lot of disappointed people. It fell from 10:48 to 12:15 before rallying, consolodating, rallying, and consolodating to close-out the day up $.05. Watch this stock tomorrow for the boom.
AVX was extremely light volumed this morning down around $.10 at 10:00. Just past 10:30 it showed strength. Had we bought, it would have played out much like ELY, falling throughout the day and rallying through the afternoon. Also like ELY, it had great volume today and should be a riser tomorrow.
RRI gapped down 1.5% and fell sharply before 10:00. It would have been taken off our lists despite making up all it lost and closing up $.05.
PWR gapped up nearly 3/4% and filled the gap just before 10:00. At 10:05 it would have been a watch and a buy around 10:15 at $11.30. That buy would have made you $.20 by the end of the day.
BCE, despite gapping up, had lots of selling to start the day. It would have been hard to recommend the stock despite the fact it was green.
HRS fell heading into 10:00 but at 10:10 there was lots of good buying before the stock fell again into 10:30 on lighter volume. We probably wouldn't have recommended the stock but it actually did well throughout the day finishing strong.
GVHR was on our list again today after being up early yesterday and giving it all back. Today wasn't better as the stock opened flat and fell heavy into 10:00. Near the end of the day today there was some great buying on above average volume, hopefully it bounces tomorrow.
Thursday, watch for the following:
TTWO - New on the list...
AT - Has made the list twice but never shown any signs of bouncing, tomorrow could be the day.
CZN - Pick from Monday that never was a 'go'. Now looks ripe.
GVHR - Picked Tuesday and Wednesday but hasn't given us much.
BEV - Keep waiting for green...
ELY - One of my favorites for Thursday.
AVX - Could possibly break green...
PWR - Continuation move from Wednesday...
*As always, good money management is the key to making money. Wait for strength to be shown after 30-60 minutes of trading. Never buy a gap (down or up). Know your risk tolerance, and take your profit and run, don't hang around in an over-extended rally; these aren't long term picks.