Archive for March 27th, 2006

3-27-2006 Daily Stock Picks Results

Well I deviated from my plan a little bit today to try something slightly different. In hindsight I picked a bad day to try such a stunt since this is an FOMC week & it would be hard to determine whether or not the results are due to that or to the change… I think I’ll just go back to my plan & experiment on the side away from the blog.

FRE did had a great push in the morning then kuputzed after the first hour. I actually closed it out with a slight profit due to my rule about taking windfalls within the first 1.5 hours but it has to go down as a loss here until I codify the rules I use to close such plays out.

KWK was actually a scratch since it hit the stop price before triggering…just caught that, so that improves things a bit…I didn’t play it in my real portfolio today anyway

I’ve got my eye on NABI for a good swing entry but the DT didn’t work today

TPX is another one of those plays that dropped pretty far in the morning as to make me take it off my watch-list once it broke yesterday’s low. So I didn’t play it in real life, but again, I don’t believe I have that rule codified yet so I have to include it as a loss here.

You can bet I’ll be packing tomorrow morning & may do some scalping in the afternoon after the FOMC release. Thus I may or may not have any picks for tomorrow FYI.

3-27-2006 Daily Stock Picks

Ticker Stop Target Fade / Breakaway L/S Open On Open
NABI DT-L
GM 21.74 23.94 Breakaway L 22.71
PALM 20.66 19.06 Breakaway S 19.92
CHS 41.51 38.61 Breakaway S 40.48
ICE 68.36 62.06 Breakaway S 65.74
KWK 37.98 39.94 Breakaway L 38.53
TPX DT-L
MAS 31.78 33.98 Breakaway L 32.51
JCOM 43.41 40.81 Breakaway S 42.19
USU 11.69 12.49 Breakaway L 12.06
WGO 30.44 31.99 Breakaway L 31.06
FRE 64.11 61.76 Breakaway S 63.29
SCHN 41.36 38.74 Fade S 40.19
CNET DT-S
NIHD DT-L
PENN 40.56 38.06 Breakaway S 39.58
RIMM 85.41 79.91 Breakaway S 83.44
CNTF 12.64 14.29 Breakaway L 13.33
AZPN DT-S
SHLD DT-L
OCR 56.59 61.89 Breakaway L 58.66

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

 

Today could go in either direction so I’m going to remain very flexible this morning but be aware that there is a good chance the markets are on FOMC-watch & will become more & more dull at the day goes on…

Which remindes me, that I will most likely be taking tomorrow off to get some last-minute packing done. My wife & I are moving this weekend so I will be taking the latter part of this week & beginning part of next week off.

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