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???? Sell in may ?????
I was wondering your opinion on "Sell in May" strategy...
For some reason, I normally dont loose anything in May, but at the same time, I dont make anything either... May is usually Flat for me...
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Penny Stock Watchlist 5/14
Reminder open Q&A seminar tonight 8PM Eastern. Join Us - First week Free!
Well unless something crazy happens RARS is done. A key lesson to learn here is to just take the loss if the trade isn't working. Its better to lose 20% than 99% when it slowly goes to .001 over the next few months. Save money for the next play. Yes, I lost some on RARS too. Even after selling half for profit the first day. I left $2,000 profit on the table on ARNA Friday. We nailed the bounce idea over 6, but I moved my stop up to even and stopped out a few minutes later only to watch it go up .40 after that. Let's get this week started better! Here's the list:
IZEA - nice follow thru on Friday, now needs over .70.
ARNA - Probably gaps up a little bit. Watch for volume on dips or hod b/o's.
VPIG - This is most likely going to crash soon, so be very careful if you are long. 2.30 resistance now. If it doesn't get over that in the morning I might look to short it.
CMXI - might gap up a bit again. Same idea as ARNA, watch dips or hod b/o's on volume. If the volume isn't there on dips, it may be due for a bigger pullback. More in chat.
GWBU - Just an awesome mover. Inching up, and huge volume on Friday. Always good signs that this could keep going a few more days; if not turn into something bigger.
WEST - solid bounce on Friday, will be watching for follow thru to long it.
KERX - needs over 2.00. Big gap to fill. Might be worth swinging if it closes above 2 tomorrow. Not saying it will go back to 5.00 soon, but 2.50/3 is not out of the question as it tries to come off bottom.
XNPT - finally brokeout from watchlist idea earlier last week. Watching for follow thru.
BBW - Testing the 5.00 spot again, might get the breakout and push tomorrow.
MNTX - Watch the 10.00 spot for a 52 week high break out:
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KO - Coca-Cola - nice high today
Coca Cola. Been following this for a while now and it just keeps going up, hitting 52 week highs over and over, including today. I should have bought a while back but I am in today @ 64.23.
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A Weekly Look -- Week Ending 5/04
The Current daily cycle is on day 4.
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FormFactor Inc. (FORM) - Potential upside of 100% exists
The stock looks to have solid support at these prices and should start to trend higher from here. It's trading within a rising channel. FORM's stock has just touched the bottom of the channel and rebounced from there. In addition, the accumulation line starts to turn up, RSI is above 50 and has broken above its downtrend line. This company is in the midst of a turnaround and I expect the stock price to start to rise in anticipation. Early this month the Davidson initiated the stock with a "Buy" rating and a price target of $12. They believe FormFactor is ready for "a return to profitability as the industry recovers and could more than double within just a year.
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Default Coca Cola Femsa ? Technical Analysis
Coca Cola Femsa (KOF) is the company that deals with the famous soft drink bottling. Since its IPO, 16 years ago, grew by 1500%! The biggest break since then was around 50% in the last bear market. Nevertheless, if we look at the long-term chart, it becomes amazing how regular this upward journey was!
Analyzing the medium term, over the past two years the title got support from an upward trend line, which already has seven touch points (in four distinct areas). The TL looks very solid and can be a good indicator of long-term growth, since it has a very realistic amplitude.
Earlier this year it activated a bullish flag and since then has been fulfilling its linear projection. Unfortunately, the projection has been recently achieved, and this projection turned out to be a new high and consequent resistance. My guess goes for a brake to the trend line, a new consolidation movement and then new bullish swing. Both the TL touch and the resistance break are possible entry points.
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Arena Pharmaceuticals, Inc. (ARNA)
I posted Arena Pharmaceuticals, Inc.(NASDAQ:ARNA) for my readers and twice for my twitter followers. Yesterday the stock rose more than 73% hitting a high of $7.01 closing at $6.36 with 74 Million of shares changing hands. Congratulations to those locking in some profits. Truly some amazing profit potential if you had purchased when it was published in my blog on Tuesday ( Here is my blog post ) That is what this blog is all about. I do think ARNA can continue to surge but it never hurts to take some profits off the table.
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Dave Landry's Market in a Minute - Friday, 5/11/12
Random Thoughts
I'm disappointed that the market rallied but came back in. I hate to read too much into a flat day though. The market is sitting on the bottom of its sideways range. Futures are weak pre-market so it looks like we'll challenge support once again.
So what do we do?
The correction, so far, has seemed somewhat orderly. As usual though, honor your stops and practice proper money management just in case.
Since the big arrow is pointing sideways, you probably want to be selective on any new positions--use the "Stock Selecto Meter" for guidance. If you've been reading this newsletter and/or are on my service, then you probably have a few shorts on. Trail and scale on those as offered.
Again, as mentioned here and in the webinar, let the ebb and flow should help to automatically adjust your portfolio.
For the aggressive and nimble, watch for an opening gap reversal (or early morning reversal) since the futures are weak.
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HJ Heinz (HNZ) - Quick Takes Pro Chart of the Day
May 11, 2012 - HJ Heinz (HNZ)
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How to Boost Your Returns With ONE Secret ETF Strategy
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