Just wanted to check in this Memorial Day weekend and wish everyone well.
The markets did nothing exciting Friday, yet I found a bunch of nice charts just primed for higher prices. The only thing is a lot of the stocks seem speculative so keeping tight cut losses (as always) and using a smaller portion of capital is waranted with stocks under $10.
Long positions to swing: ESL--needs a pullback, SNDA, RAVN, STST, DHC, ASR, LAN, BDCO, GEOI, JDO, MLP, CMGI, BMD, CCI, CNQ, CFK, CONN, and PWEI.
I wanted to toot my horn and congratulate all who profited with me on the ABLE and GEOI stock. ABLE up 40%, since mention six days ago. GEOI up 16%, since mention three days ago.
I toot my own horn for the simple reason to show investors who dont believe in this rally that it doesnt matter what you think is going to happen in the market. The market has decided the bears are wrong and that is that. So if you have not been long equities because prices are too expensive, the economy is in trouble, the war in Iraq, or any other bearish reason you have missed a lot of great opportunites to make money. Why not cut losses, ride the trend up, and then wait for the charts to agree with your bearish "opinions." That way you can profit from both sides of the market, no matter what you think!
THANK YOU SOLDIERS
GOD BLESS AMERICA
Aloha from Maui :)
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