I’m Addicted

I know how this is going to end, but at the moment I’m addicted to buying small pieces of garbage. For example, today I bought BEE @ 1.25. Yesterday, I bought a stock under a buck (which I never do), but I can’t help myself, this is where the action is at.

I’ve been making truckloads of coin recently with small caps, look what happened to CTIC yesterday. How ’bout TOPS or CBAK today? On fire!

Look, I know how this will end, but for now I plan on milking this arena for all it’s worth.

Note: I don’t recommend following my moves, I am simply trading in and out of stocks with intentions of catching breakouts. In no way am I investing in these companies.

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I bought [[FNSR]] @ 0.73

Placing my stop right under the 200 day moving average @ 0.65.

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I sold all of my alternative energy stocks, taking profits in  LDK, ENER, JASO, & GU.

There is a lot of overhead resistance in the group, and do not like how they are holding up. I will look for another entry point at a later day.

200 day Brick wall:

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This morning I am experiencing egregious gains in my portfolio. Just about everything is breaking out to the upside with the S&P zooming through it’s 50 day moving average.

Today, I plan to lock in some gains, it’s been one hell of a ride. From CTIC to DXO to YHOO to GU to CPE to well you get the picture, everything is on fire.

I did happen to buy one stock this morning, and that is [[C]]. The stock has been consolidating the past few weeks and may be ready to make a move. I like the chart because it is sitting right on some key moving averages, which should provide an easy exit point should the trade go wrong. Take a look:

Here are a few small caps still worth looking at: ACAD, BEE, FNSR, PWAV, RUTH, HOV, LPX, & PAL.

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Monday:

Altera Corporation ALTR

Tuesday:

Daktronics DAKT

Hovnanian Enterprises, Inc. HOV

Wednesday:

Joy Global Inc. JOYG

Martek Biosciences Corporation MATK

Shanda Interactive Entertainment Ltd. SNDA

Toll Brothers TOL

Thursday:

Ciena Corporation CIEN

Guess GES

Teekay Corporation TK

Valence Technology VLNC

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Check out the MadStock of the Year contest and give some props to Market Monk, he has been killing it. Now go check out what he thinks about Gold. After you check out his short picks, what in the world happen yesterday at the close?

This guy is good:

[youtube:http://www.youtube.com/watch?v=1xJJEfHTpQs 450 300]

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