December 29, 2004

Ugly Picks

UNFI broke out over $30 to a new high because of a deal with Whole Foods, a natural and organic foods supermarket where I frequently buy groceries.
Although light on volume, NNDS broke out with some significant block trades and looks good.
MANC has a nice chart - after breaking out from its long base at $5. Today it was up over 20%.
CTSH is a very strong and good looking stock.
I mentioned the breakout of KEYW to a new high, earlier this morning just as I added it to the portfolio. It looks very good.
Recent IPO BLKB looks good - it made a new high today and is one to watch.
Leaders, PMTI and JUPM were strong today, which in my opinion is a good sign for the market.
After ELOS gapped down over 20% at the end of November, I mentioned that the chart was not broken. It was not and looks very good now.
The block trades on MFRI today look very tempting.
There are just so many to buy and not enough money.
And TONS continues to go up tons and tons.

Despite the light volume due to the holidays, the chart for the Nasdaq is looking bullish as it makes new highs.

However, this is a good time to remind myself that any fool can make money in a rising market. Any pride that I have now will probably humiliate me in the future. Bloating about profits in a rising market and then losing as the market turns makes me nothing more than a chump. It is very important to keep your mind calm and clear and to trade without emotion.

* user agreement -- how to use ugly picks --------------------- day 8


--------

Trackback Pings

TrackBack URL for this entry:
http://WWW.UGLYCHART.COM/cgi-bin/MT/mt-tb.cgi/207

Comments


Post a comment




Remember Me?




(you may use HTML tags for style)