hit the stop loss

Mental stop loss set at 20.47 and mental stop profit at 23.22.

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