Fess Up Time: Don’t ya hate when you put a stock on your watchlist, tell yourself you’ll trade it if it acts a certain way, but when that special price action occurs, for some reason, you’re not watching it? I’m sure there are those out there who don’t make such bush league mistakes, but I’m not one of them.
Thanks to the popularity of my latest AOL article—about how Amazon has tried blackmailing small publishers like me–I’ve been talking to a couple of reporters—surprise—and much of that talk happens during the trading day, causing me to miss more than a few potential trades. Oh yeah and incessant blogging doesn’t help.
Now, I hate buying breakouts—they move too slowly, happen to stocks that are too expensive or retrace/fakeout too often, so out of all the stocks below I really only regret missing out on NCEN, because that my friends is the f&^$en Mona Lisa of technical breakouts
NCEN–probly going to $3+, easy easy easy easy easy easy easy easy easy 30-50 cents/share, or 10-20%, buy on the intraday break of $2.50, predictable predictable predictable predictable predictable gain. An infinitely better trader than me, Fous, nailed it again. (I’m not only an affiliate, I’m even considering signing up for his stock picking service!) As did some of my DVD students…those who can’t do, teach!
SOLF—nice multi-day breakout, but where to now? Solid resistance in the high $15s
AKNS—just keeps going, aka why you don’t short strong stocks UNTIL there’s weakness
YGE—strong multi-day breakout, don’t even think about shorting
TSL—strong, but lots of resistance coming up, still, don’t even think about shorting
CSIQ, ASTI upcoming
Watching NTWK HYTM EPEX for more gains before I short
EXFO you don’t short cuz of meaningful news, in the form of strong earnings
Last but certainly least—legitimacy-wise—3 days ago, I posted HYBR was getting spammed big-time, 43% drop since, too bad no shares available to short!
Tags: AOL, Breakouts, Fess Up Time, Manipulation, Patterns To Buy, Potential Plays
