2006 February 28 | WilyTrader.com – Stock Picks

Archive for February 28th, 2006

2-28-2006 Daily Stock Pick Results

February 28th, 2006

Jason

Had a solid day today. And for any of you who were following HNZ today, boy did you ever get a bounce! After I posted my picks this morning, it ended up going down even farther to be the epitome of the kind of play my new system looks for. I got in within $.25 of my stop and rode it all the way up to yesterday’s close. Single play made my day, the rest was just gravy.

The DT calls did well w/ 2/3 being profitable. I’m trying to shy away from them more as I establish more concrete criteria but occaisionally I will be throwing them in the mix.

I’ve been unable to do my typical post-market routine this evening due to some things here at home I had to take care of so my picks may be limited tomorrow. I’ll do my best to get in as much analysis as possible in the morning do see what I can dig up.

Hmmm, i just caught site of a typo from this morning’s picks. IVAC should have had a target of 21.36 not 23.36…I hope you were able to catch that in time as it was the 2nd most profitable play I made today. Sorry about that, I’ll try to be more careful going forward but how much do you expect from a free website :)

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2-28-06 Daily Stock Picks & Score

February 28th, 2006

Jason

Ticker	Stop	Target	Fade / Breakaway	L/S	Open	On Open

GLG	26.79	28.19	Fade	L	27.55
DIS	29.06	Day	Fade	S	28.73
BOL	69.39	71.48	Breakaway	L	70.63
ADRX	20.06	19.31	Fade	S	19.55
SNDK	63.71	62.02	Fade	S	63.29
AMLN	45.86	44.02	Fade	S	44.98
ERTS	54.77	53.61	Fade	S	54.48
NFI	32.66	29.71	Fade	S	31.19
IVAC	23.21	23.36	Breakaway	S	22.74
BOOM	38.16	33.16	Fade	S	36.49
SNDA				DT-L
TEVA	43.31	Day	Breakaway	S	42.29
SPLS				DT-L
HSP				DT-L

For instructions on precisely how to trade using these picks, please CLICK HERE and read the section entitled “White Regions”

The PMS today is -7 .. I do have a downward bias for today, at least for the time being, but again the market can change my mind really quickly :)

I will also be watching HNZ today for a possible bounce/Fade play but didn’t want to put it on the list as I’m not sure when/where/if the bounce will occur. Just out of curiosity, I’m going to start a Top 5 Picks of the Day List to see if over time they outperform the group as a whole. If there’s anything to it, I’ll start posting those as well, but for the time being, I’m going to keep that non-public as I have no evidence that they would mean anything since everytime I’ve tried a similar ranking system in the past there has been no significant difference. Time will tell if this time is different.

Also for those of you who are new readers, you might recognize the old notation for SNDA, SPLS, & HSP: “DT-L” …If you’re unfamiliar with how to trade these picks then I’d simply ignore them for now. I decided to use the old notation for these picks because it is quite useful when I have an indication that a signficant correction may occur, but can’t narrow down the range enough to where I would be able to make a reliable call via the new notation. See the old“My Stock Picks Explained” page for details about the old notation as it would appear I have yet to update it with the new notation…one more thing to do…

Hope you all have a great trading day~!