IPI: Buying The Pullback

I just bought Intrepid Potash, Inc. [[IPI]] , a position I’ve been waiting to buy near $29– a key support level:

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mrKCbill’s march madness team, Bank of America Corporation [[BAC]] , managed to trade above a significant resistance point today. I would like to continue strength higher tomorrow, which should give us clues to market direction in Thursday’s trading session.

Jake needs Cree, Inc. [[CREE]] to make a move here, or else mrKCbill will advance to the championship. The winner of this game will like face SC’s squad Stanley, Inc. [[SXE]] .

Props to SC, as his pick as been on a rocket ship higher, great pick.

Another stock we are monitoring inside The PPT is Rite Aid Corporation [[RAD]] , this fists perfectly with the health care sector, the stock looks great technically, and I think the once has room for huge positial upside in the near tearm:

Here’s a stock that i think is undervalued and a must buy. In full disclaimer, I own a bunch of this, but I don’t see the stock trading below 2 dollars for much longer. The stock is set the have a 10 -1 reverse spit and has also made some necessary changes in MGMT. Remains one of my top picks:

Here is another financial we caught in The PPT, Citizens Republic Bancorp, Inc. [[CRBC]] , the stock is a speculative play, but the setup is too good to ingnore. The stock closed at the highs of the day and I’m expecting another move higher tomorrow:

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InterOil Corporation (USA) [[IOC]]

Green Mountain Coffee Roasters Inc. [[GMCR]] Roll, baby, roll.

[[DCTH]]

Coinstar, Inc. [[CSTR]]

Boise Inc. [[BZ]]

TriQuint Semiconductor [[TQNT]]

Rite Aid Corporation [[RAD]] We nailed this one inside The PPT:

American Express Company [[AXP]]

American International Group, Inc. [[AIG]]

Citigroup Inc. [[C]]

Citizens Republic Bancorp, Inc. [[CRBC]]

Bank of America Corporation [[BAC]] mrKCbill’s pick looks good over 17.60:

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For those yet to check out Scott’s new service, take a look:

Now let’s take a look at this powerful move we had in the markets. From a technical standpoint the market looks great here, and if the market was a stock, I would be looking to buy strength.

Let’s take a look at 3 different time frames in the Dow:

9mo: Broke out above 10,828

2yr: Nice move above July’08 low

5yr: I can’t see us moving past the 200 day, so if we continue higher, we only have about 250 points left in the Dow

However, we still have room to run. Remember, it is the end of the quarter so don’t be surprised to see the market continue higher.

Top picks: Rite Aid Corporation [[RAD]] , [[CCME]] , E TRADE Financial Corporation [[ETFC]] , SandRidge Energy Inc. [[SD]] , Citigroup Inc. [[C]] , & calls in the VIX

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E TRADE Financial Corporation [[ETFC]] still in the apex, still waiting for a breakout, still long, still like this one:

[[DCTH]] Keep this one on your radar, this one wants higher prices:

Rite Aid Corporation [[RAD]] Alerted subs to watch for a breakout a few days ago, watching for a continued breakout, and I think we get it:

[[BIOF]] here is another name I alerted subs to watch:

Crocs, Inc. [[CROX]] Let’s see if it can take out recent highs:

Hovnanian Enterprises, Inc. [[HOV]] like it above $4.75:

Dendreon Corporation [[DNDN]] I like this for a trade on strength:

First Solar, Inc. [[FSLR]] still battling with the $112 level:

Citigroup Inc. [[C]]

Perfect World Co., Ltd. (ADR) [[PWRD]] I’m a buyer on strength:

Sprint Nextel Corporation [[S]] been on fire lately, trying to take out the 200 day:

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Here are two stocks I will be looking to grab, should the market ever decline.

The first is Research In Motion Limited (USA) [[RIMM]] , a position I currently own. My plan was to add to the position if it got near $72, well today it did, and bounced perfectly. Now, I did not add this morning like I should have, but should this thing dip back down to $72 in the coming days, I will add.

Next, is a position I’ve been waiting to buy ever since we got the great guidance from Potash Corp./Saskatchewan (USA) [[POT]] . I would love to buy Intrepid Potash, Inc. [[IPI]] on a pullback down to $29:

Other stocks I want to buy dips include:

• SandRidge Energy Inc. [[SD]] & [[CCME]]

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