November 28, 2004

Ugly Picks

The strongest stock in the market, IIIN, is moving up with volume and looks to break out to new highs. Careful with your position size as it is not very liquid.
In the same sector, WEB broke out and looks great.
CKCM more than doubled in November with a lot more volume than usual. It is attracting attention.
With the move up in Steel, ZEUS looks to be bouncing back from its 30-week moving average support and could be a good risk to reward trade. IST is also looking good. It may be time to watch one of last year's favorites, SCHN, again.
Recent IPOs, MFLX and ANGO are looking like good plays.
An Ugly Pick, TGA, made a new all-time high on Friday and looks good.
RES went nuts Friday - you'll have to watch this one now, too.

This week I will watch to see if 2153.8 or 2050 will break on the Nasdaq

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