February 23, 2005

Ugly Picks

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

TGA gapped way up and then closed near its low for the day. It might be time to tighten the stop on that one.
If the market were stronger, I would be tempted with the recent activity in DCAI.
Someone wasn't pleased with the news on SIM and so it bit the dust but managed to hold its 50dma for now - but probably not for long.
If I were going to buy anything tomorrow, it would be BRY.

ABAX looks like it has a good chance to go much lower.
So does FHRX.
So does FOSL, because earnings just weren't good enough.
CALM broke down $10 and is a strong short.
It looks like the tide is turning for GIVN.
I would not be surprised to see NGPS drop back below $10 or even under $5.
And SIRI looks certain to go back down to its 200dma or lower.

Right now I would feel confident shorting in anticipation of a breakdown of Nasdaq 2000. But it is safer to wait until it happens. The only bad thing about the Nasdaq breaking down is that it will make it harder on AAPL to go to $100 and I could lose my bet with Chairman MaoXian.

Let me just take a moment to say how much I truly love Colin's blog.


BECOME MY APPRENTICE! (only 6 days left to apply!)

* user agreement -- how to use ugly picks -------------------- day 45

posted to stocks
--------

Trackback Pings

TrackBack URL for this entry:
http://WWW.UGLYCHART.COM/cgi-bin/MT/mt-tb.cgi/93

Comments


Post a comment




Remember Me?




(you may use HTML tags for style)