Archive for February 15th, 2006

2-15-2006 Stock Pick Results

Well the score yielded another 1.03% today which surprised me I’ll admit.

As far as OSI goes, depending on where you had your stop, you’re either going to be very displeased, or very happy with the result. I personally, had my stop set 7 cents below the 11/16/05 low at 38.32 and I was sweating bullets there for a few minutes. Price came within 2 cents of stopping me out before finally heading back up.

I did make a mistake in calling 39.50 as a “conservative support area” this morning as it had already been tested 3 times making it very weak indeed.

I think I finally have my new setup and a rough daily routine setup. I’ll be refining it as time progresses, but I should be able to at least start posting some stock picks tomorrow.

2-15-2006 Stock Pick

OSI Long on Open with stop under 39.50 (conservative) or 38.40 (more liberal)

this thing is dropping right into a strong support area. Is it possible that it’ll blow right through it? yes, but you’re not going to get a much better Reward/Risk ratio.

I have some others that I am watching (GLD, SNDA, DADE, ENDP, BOBJ, VLCM, & RJET) but I am less certain about those given my unfamiliarity with this new system so I’d rather keep them off the record.

2-15-2006 Pre-Market Score

+5

I’m not giving the score much credence today as price action will likely be determined largely by the market’s response to Bernanke’s comments today at 10:00 AM. I may look for 1 or 2 quick scalping opportunities on open, but then it’ll be mainly just a wait & see mode.

No picks for this morning as I did not have a chance to do any scans yesterday evening as my focus at this point is getting my new routine set up with my Charting Software, TWS, & Button Trader.

I’m about ready to go over the Gap lists, if I see anything striking, I’ll post my angle shortly

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