In the last full week of August I plan to be very selective with my trades. We are still in a low volume environment which give us a lot of choppy action, no follow through.
I have yet to take any trades and may not trade at all today. One stock I’m watching is Research In Motion Limited (USA) [[RIMM]] , it tested our trendline this morning and is now free to move higher. Over $134, and I will be adding to my position.
As far as solar goes, I am not chasing anything up here. I have a heavy position in Energy Conversion Devices, Inc. [[ENER]] and will ride this thing until earnings, where I will take half my position off. If I had to pick one to buy at this level it would be SunPower Corporation [[SPWR]] .
Sequenom, Inc. [[SQNM]] BTFO, but had no balls to take the trade.
note: Leave comments, keep me updated with stocks on your radar.
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what happened to FSLR today?
Volume sux. May decide just to sit this week out. Still like healthcare and biotech. Keeping my eye on ALLI, XTLB, among others.
^ FSLR caught a downgrade in Barron’s over the weekend.
I like upside trader’s call on MA going to 200. POT looks awful too.
Added to ENER @ 77.80
Rage, u still okay with VLO? wud appreciate your timeframe on this one?
Still own it, however it looks like it will tread water for a while.
I plan to hold it for a while.
Thnaks Rage.
whats funny is you used the expression taking it on the chin and so did I in the post I just wrote, except I hadn’t read yours yet. Odd, no?