Saturday, May 16, 2009

Stocks for the week of 5/18


Here are the stocks that have the potential to run up from here. You want to buy ONLY if the price gets to the trigger price. Stop is 25% from the trigger price and target is where you want to take the profits. This may take weeks or months to get to the target price but should not take longer than 3 months. If it does there is something wrong with it.


Most of my picks are geared towards weekend investors, people that have a regular job and are willing to take some risks to make some extra money. Only try this with money that you can afford to lose and HONOR YOUR STOPS.


5 comments:

blogblogger said...

i like the chart of SNS and smsi...

my trigger price is a little higher than yours in both though.

thanks for posting

blogblogger said...

watch the VIX 1 year chart... it is near support..

Nepali Trader said...

Futures are down right now and broke the low from last week. If we see a continued sell-off overnight we could possibly see 760 before the rally resumes. It is too early to tell and we could see buyers come in later tonight.

marketfollower said...

what does the trend line of SNS and SMSI show? have they broken the resistance like and showing a breakout? otherwise i would be very cautious of these two stocks. just my 0.02

Nepali Trader said...

SNS and SMSI both made a 52 week high few weeks ago. Both these stocks have been taking a pause recently. I believe once it goes past last week's high, it will charge ahead.