BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Wednesday, August 22, 2007

Daily picks review (Aug6-Aug14)

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On 8/14/07, Blue Blue wrote:
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Today market pulled back. Key supports for bulls ahead: 12800-12780. If we see panic selling to this area, we might jump in for another round of bounce plays.

Pick from last week( long):

TRA, called@ 22.34 last Wedn. & it once ran to 23.34 on the same day...could have made some fast bucks there. Loss-stopped on the same day. ....Today it rose for 3rd day to 23.37& now 22.65(+0.89%). So good stock comes back fast. //May pause here.

Today's plays(all in short):
SA, now 31.69(-3.38%), called(Shorted some SA@31.99 Target:30 stop:32.3 -Aug 14)

FXEN, now 6.07(-3.38%), called( Shorted FXEN@6.15, Target: 5.6 stop: 6.32 -Aug 14)

ECPG, now 9.72(-5.36%), called(Shorted ECPG@9.7, Target: 9.26 stop: 9.9 -Aug 14)
Thanks! Good night!
-Blue


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On 8/13/07, Blue Blue wrote:
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Today market bounced strongly to 13338.15 but retreated in late afternoon. Tomorrow there could be some pull back. Supports: 13182, 13133,13058. At this area, we could trade some good stocks on fast trade basis. For now I think there is more risk to go short as 12800 is quite near.

Some comment on some plays from last week:

TRA, called@ 22.34 on last Wedn. & it once ran to 23.34 on the same day. I could have made some fast bucks here. Loss-stopped the same day. ....Today it rose for 2nd day to 22.91 & now 22.48(+8.61%). So good stock comes back fast.

OMNI, bounced further to 8 today, called( Bought back OMNI@7.2 today. Target:7.7, 8.2 stop:7 -Aug 9).//passed target 7.7, sold.//once up+11% within 3 trading days.

FBTX, bounced further to 10.15 today,called( Bought back FBTX@7.7 today. Target:8.7, 9 stop:7.5 -Aug 9) //I gave next target 9.9. It once passed 9.9 today.//once up+32% within 3 trading days.

DFR, bot back@ 8.2, sold for fast bucks when it reached 8.65 last Friday, called( bot DFR@8.2, Target:9.05, 10 stop:8//could be another FBTX(+14% now) - Aug 10), Today it reached higher high 8.95.

VPHM, bot @8.23, it rose further to 9.3 today, called( Bottom-fishing: VPHM@8.23,Target: later stop: 7.8 -Aug 10) //Target: 9.24, 10 was given last Friday. It once passed 1st target 9.24. Sold.//once up+9.3% within 2 trading days

FMT, bot@ 4.15,sold for fast bucks when it went up to 4.38 later last Fri, called( Bot FMT@4.15, Target:4.4, 4.9 stop: 4 -Aug 10). Today day trading FMT & made some fast bucks. It once reached 4.37.

NOVC, once reached 9.25 today, called( Bullish play: NOVC@9.05, Target:9.6, 10 stop:9 -Aug 10)//sold it today as planned last Friday.

RDN, bot@ 18.2, it reached 22 today, called( Bottom-fishing: RDN@18.2,Target: 20.5, 22 stop: 17.8 -Aug 10).//reached my second target 22. Sold for fast bucks .//once up+20.8% within 2 trading days

Today's trade: SIGM, bot@33.7 , it later ran to 34.83, called( Bought SIGM@33.7 Target:35.7 stop: 32.8 -Aug13)//sold for fast bucks today.



Thanks! Good night!
-Blue



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08/11/07, Blue Blue wrote:
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Today market went down sharply to 13057.86 and got a relief bounce later. Before 12800-12780 is broken down, I would say we are still at a bull market ( from weekly chart). S/T speaking, next Monday should have some upside room as there are so many stocks showing "hammer" patterns.

Here's some review for this week's plays( all in long):

Monday's plays:

PIR, reached 7.53 on Thursday, called@6.22 on Mon( BOTTOM-FISHING: PIR@6.22, Target:6.5,6.8 STOP: 6 -Aug 6) //once up+21.1% within 4 days.

SWHC, reached 22.8 on Thursday, called on Mon( Bought SWHC@18.55, Target:20 STOP: 18 -Aug 6)//once up+22.9% within 4 days.

DSX, bot@ 25 on Mon...it reached 27.94 on Wedn., sold for a good gain.//once up+11.8% with 3 days. //On Thursday back @26.85, cut-loss @ 26.08.

NM , bot @11+ on Mon...it reached 12.99 on Wedn & sold for a gain. Today back@ 12, sold@ 12.35. //once up+16% within 3 days.

QMAR, bot@ 16+ on Mon/Tues....it reached 19 on Wedn & sold for a good gain. called ( ALSO back to NM QMAR -Aug 6) //once up about +16% within 2-3 days.




Tuesday's plays:
FTO added 34.34 on Tues... it reached 37.9 on Wedn & sold for fast gain, called( Morning Update(Aug7, Tuesday)//added FTO@34.34 now ) //once up+10.4% within 2 days.

EXM, bot @31.95 on Tues...it reached 34.87 on Wedn & sold for fast gain//once up+9.1% within 2 days.




Wednesday's plays:
TRA
, called@ 22.34 on Wedn. & it once ran to 23.34 on the same day. I could have made some fast bucks here. Loss-stopped the same day. ....Today is a good day to buy its dip as this still seems a good stock. I would consider to get back if it can stand above MA5.

HOKU, called @9 on Wedn. & it once ran to 11.38 on Thursday, called ( Bought HOKU@9 Target:9.9, 10.8 stop:8.5 -Aug 8)//once up+26.4% within 2 days.



Thursday's plays:
OMNI
, bot back@ 7.2 on Thurs, it's now 7.45(+7.97%), called( Bought back OMNI@7.2 today. Target:7.7, 8.2 stop:7 -Aug 9).//I cut in the morning but bot back after it stands above 7.05.


FBTX, bot @ 7.7 on Thurs, it reached 9.58 & now 9.5(+17%), called( Bought back FBTX@7.7 today. Target:8.7, 9 stop:7.5 -Aug 9) //once up+24.4% within 2 days. Passing 2nd target, next could be 9.9.

DSTI, bot@4.48 & cut @4.18, may be back later. On watching list.
DAR, once reached 8.45 & now 8.3(+0.61%), called( Growth play: DAR@8.59 Target:9.1, 9.5 stop:8.23//ER tomorrow A/H -Aug 8) //This one still seems a good stock.




Friday's plays:
DFR
, bot back@ 8.2, it reached 8.65 before it came to 8.19, called( bot DFR@8.2, Target:9.05, 10 stop:8//could be another FBTX(+14% now) - Aug 10).//Sold for fast bucks. May get back as it holds MA5 well. This could be potential stock depending on how the sub-loan issue develops next,


VPHM, bot @8.23, it is now 8.71, called( Bottom-fishing: VPHM@8.23,Target: later stop: 7.8 -Aug 10) //Target: 9.24, 10

FMT, bot@ 4.15, it went up to 4.38 later, called( Bot FMT@4.15, Target:4.4, 4.9 stop: 4 -Aug 10). //sold for fast bucks as it close to target 4.4. This could be potential stock depending on how the sub-loan issue develops next,


NOVC, now 9.05, called( Bullish play: NOVC@9.05, Target:9.6, 10 stop:9 -Aug 10)//plan to sell next Mon, up or not.


RDN, bot@ 18.2, it suddenly went up to close@ 19.6 in the last minute with 400K shares, called( Bottom-fishing: RDN@18.2,Target: 20.5, 22 stop: 17.8 -Aug 10).//strong book & cash. This could be potential stock depending on how the sub-loan issue develops next,

Thanks! Have a good weekend!
-Blue







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