We’ll see what happens…
stop loss: 107.67
stop profit: 140.44
mynameisgabe
May 132010
May 132010
The market seems to be turning around this week so I’m taking a risk and buying Medifast (MED) as it broke out this morning from an enormous cup.
stop loss alert: 34.64
stop profit alert: 45.18.
May 072010
I’m completely in cash now… The market is starting a big correction and this is the time to look for stocks building bases. They will be the ones to break out first when the correction starts to turn. Keeping an eye out for stocks that are still gaining or trading tightly during this downturn and putting them on watch.
May 062010
hit the stop loss
May 052010
Mental stop loss set at 20.47 and mental stop profit at 23.22.
May 052010
Hit mental stop loss of 23.28.
May 052010
Time to protect profits and get to cash. Adjusting stop losses to 3% of buy price instead of 8%.
May 032010
The market uptrend is still under pressure – it popped up a today, but without the volume needed. It’s not a great time to buy, but a good time to protect profits.
VanceInfo Technology (VIT) – still trading close to it’s buy point, gained 6.67% – way too extended to buy and too early to lock in profits. Going to sit on this one for a bit longer. I still hold 22 shares long.
* Industrial Services of America (IDSA) – It’s the first time this ticker has caught my eye. They provide “waste and recycling management services to commercial, industrial and logistic customers nationwide” . Just finished a HUGE cup a few weeks ago and just broke out of a very short cup formed over the past three weeks. The buy point would be 20.38 and it’s trading just 8 cents over that.
* Steve Madden (SHOO) – Just had a 3:2 split today and are announcing earnings tomorrow. Keep an eye out for a new base to form.
Coinstar (CTSR) – had a crazy breakout and still going strong…. Way too extended.. Going to watch for a new base, but no slowing in sight yet.
Green Mountain Coffee Roasters (GMCR) – watch for it to hold support around 72 and form a new base. I wouldn’t doubt that it retraces itself back to it’s recent 52-week highs near 100. UPDATED 5/4/2010: As pointed out by Mike P in the comments below, this is a broken stock. The fundamentals have changed since the last time I looked and I am removing GMCR from the list.
These stocks are holding gains and are staying in my watch:
BCSI, CTSH, EZPW, DBRN, NUS, WBMD, VMW, WCRX, ULTA, MED, PCLN, ATHR
Coinstar (CSTR) raced past it’s buy point of 36.08 last week after posting phenomenal earnings and so far we’re up 32%. With the condition of the market under pressure as it is, it might be a good idea to lock in some gains here and hope for the indexes strengthen a bit.
Vanceinfo (VIT) is still trying to break out. We bought it at 24 and it’s been fluctuating around that point for the last couple weeks.
Apr 302010
Coinstar (CSTR) released earnings after hours last night and almost doubled expectations. They gapped up and opened at 48.75 reaching a high of 50.35 so far – a 32% gain!
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