Monday, March 27, 2006

Stocks Spend All Day Boring Traders; Investors Wait For The FOMC Rate Decision.

We basically did nothing on the indexes today.

I had a difficult night so there will not be any commentary today.

However, tomorrow should be filled with fireworks as the FOMC makes there key interest rate decision. Everyone basically knows what is going to happen but you never know.

I will be back tomorrow. Ready to tackle whatever the Fed sends our way!

I apologize for not being able to write commentary today. Please, excuse me.

New Swing Longs: SA EGO LNUX VCP -- To learn more about these longs go to Investors Paradise and scroll down to Josh Hayes and click on 'longs.'

New Swing Shorts: NONE

Longs Outperforming Market: PNRG-62% ERS-223% CLZR-50% STRL CYBS RUTH LPSN NTES NVDA-78% ASF-210% ILSE UIC-46% RATE-143% AKAM-83% ATHR-104% VTS VIMC-93% ASVI BOOM-409% WNR CBG-111% PEC RMBS KEYS-32% TMI SEAB FRGB EAGL-59% ROK SAY-34% NTAP BWLD CHE NGPS MMK-42% AAU TWPG QCC SPWR-44% MEK-49% RBY SMSI-52% TGE TWTC-139% TGB-25% GIGM-100% TFSM-37% TOMO TMTA KNOL-55% AUY-99% RNAI-37% FDRY-35% FMTI MDII SPSX NANX KGC-34% CDE-34% RADN-32% IMMR CRXL EMKR-162% NTO-50% NXG-60% HOMS-27% STKL WTSLA MNG-120% ZEUS-42% LCC-91% PWR ARS-54% BEAS EDS GEMS ECIL NVAX-66% LMIA-75% ICTG-89%

Shorts Outperforming Market: NONE

Stocks On Radar Screen: VOXW CYTR GRZ XING WEDX

Ouch!: HSKA -- forced to sell remaining half of position with a 9% loss. As you can see it wasn't a big deal. When you buy right, you normally will not get hit with a huge loss when a day like today happens.

12 comments:

ToddC said...

Hi Josh --

Just wondering if you have a take on FHRX, MCRL, CRUS, ARTC, or DRQ

Thanks for your site!

Joshua_NControl said...

FHRX: is one base away from setting up in a very nice basing pattern. Keep an eye on this one. It isn't going to be much longer before it possibly explodes. This stocks fundies are incredible.

MCRL: There is something I dont like about this chart. The volume isn't right in the base. It seems too choppy and active. Fundies are good, especially earnings growth. Not a big fan.

CRUS: I am long this stock. Go to Investors Paradise and find the day I bought CRUS and read there.

ARTC: This is a nice chart in a steady uptrend. The only problem is the trend has been up for a while. The prime opportunity has passed. However it is still a buy on the 50 dma because the fundamentals are so strong.

DRQ: this is the best stock in its group. It is a top notch stock. Too bad it is too extended from a proper buy point. It is only a safe buy near the 50 dma, due to its volatility. I love the overall chart and fundamentals of this stock! It is just too extended. That is all.

Thank you for the very nice words!!

You are very welcome.

Market Speculator said...

Josh your commentary could have read this:

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

ToddC said...

Thanks Josh -

Nice to know we're pretty much on the same page - I'm long all of them (and a few others). +40.5, +10.5, +7.5, +4.0, +21.0 respectively as of last night. FHRX has had a very nice run for me so far -- I'm thinking this trade could end up in my hall of fame.

Hang on for the ride at 2 p.m. ...

Todd

Y.Y. said...

stxs rsi slips below 50%
testing its 50 dma's hard
what you think?

Market Speculator said...

EPS, Sales, Profti Margins, and ROE ratings all stink to high heavens...

Its landed softly on its 50dma, light volume. I wouldn't be in the stock...

Y.Y. said...

josh is in stxs though waiting for his opinion

Y.Y. said...

ugly selling so far in large caps

Joshua_NControl said...

thanks Todd. You have some great stocks. You are a good stock picker. I love the fundies and techies.

You are another great disciplined trader. Unless you dont know when to sell, lol.

.............................................

Hello, YY.

I don't recommend buying STXS. I am long all of my buys however so I still love the chart. But it could fail here and I could look like an idiot. We will see. Right now don't buy it, it isn't the type of stock you want to be long. However have you seen the sales growth the past three years?? It is over 400%. The others, like market said 'stinks.' This stock is an ok stock.
.......................................

I still like STXS. However I am not going to marry her.

I will see a bit later.

I apologize for all the late replies and entries. I have some personal issues I had to and have to deal with.

You still can't keep me away from my portfolio!!!

I love stocks because of the charts not money. How odd is that. Maybe that is the key to making a lot of money.

Joshua_NControl said...

** I will see (you) a bit later**

ToddC said...

Ha..! Thanks Josh. Yeah - wouldn't it be great if we made money from just picking stocks rather than having to sell the damn things too?

Joshua_NControl said...

One day I will make money picking stocks.

As for selling. To be honest, it is the hardest thing to learn but once you have it figured out it becomes second nature.

Partial selling is my best advice. That way you get part of gains everywhere. No one knows when the exact top is and incase stocks like NOVL, a while ago, gap down you dont miss out on at least getting some of the big gains. That is how and why I am with BOOM this long. Partial sells along the way. The current last portion of my BOOM hold, for instance, is being held unless a climax run happens or it violates the 200 dma.

Aloha bro!