Some longs for week of 8/4

Here are some stocks to watch for this week. Please let me know what you think. I will post updates throughout this week.

ABI

AMED

ARBA

THRX

TLB

SRCL

SGEN

SIVB

PRXL

OLN

OSIP

NHP

MHGC

Thanks for the list bullvbear! As of this morning (one day after original post), here are where these companies stand...

ABI - 36.49

AMED - 62.45

ARBA - 17.06

THRX - 16.20

TLB - 13.77

SRCL - 59.31

SGEN - 11.37

SIVB - 58.28

PRXL - 28.59

OLN - 28.90

OSIP - 51.38

NHP - 37.92

MHGC - 13.86

Almost none of these stocks did that good yesterday. I personally believe that this week is a shorting week for me. Gas and finance keep bring the market down. What does anyone else think? IMHO

I picked most of these stocks because they look like they are in the middle of a pullback, but will continue up again shortly.

For very short term (day traders) I agree that this week is going to be rough, and that you should be shorting most stocks. However, I am a swing trader who looks for pullbacks in uptrending stocks. When I buy during the pullbacks, I buy low, then sell high.

bullvbear,

I also am a part time short seller, as well as a long term investor, and I agree that these stocks look like they are in a good pullback. I just need to see the market recover before I get in on them again!

admin

ABI - 36.49

AMED - 62.45

ARBA - 17.06

THRX - 16.20

TLB - 13.77

SRCL - 59.31

SGEN - 11.37

SIVB - 58.28

PRXL - 28.59

OLN - 28.90

OSIP - 51.38

NHP - 37.92

MHGC - 13.86

Here is there price as of 10:30 on wed:

ABI - 36.57

AMED - 61.96

ARBA - 17.62

THRX - 16.02

TLB - 14.62

SRCL - 59.17

SGEN - 11.51

SIVB - 58.98

PRXL - 28.47

OLN - 29.58

OSIP - 51.41

NHP - 37.17

MHGC - 14.01

In other words:

up
down
up
down
up
down
up
up
down
up
up
down
up

This is actually looking good so far. Remember that as long as you have good stops in place, then you can lose 60% of the time and still make money!! Cut the losers fast, and ride the winners out!! IMHO

Here is the change in price from wednesday August 6 through today (monday August 18:

ABI - 36.57 - 36.60

AMED - 61.96 - 57.03 (ouch) I would have sold this one fast...

ARBA - 17.62 - 17.02

THRX - 16.02 - 15.70

TLB - 14.62 - 11.65 get rid of this garbage...

SRCL - 59.17 - 60.77

SGEN - 11.51 - 12.14

SIVB - 58.98 - 57.13

PRXL - 28.47 - 32.69

OLN - 29.58 - 28.22

OSIP - 51.41 - 53.14

NHP - 37.17 - 35.23

MHGC - 14.01 - 17.00 good trade here, I would hold this a little longer, it looks like it is in the middle of a pullback...


Truth is that I should have updated these earlier because they are swing trades, and not meant to be held for as long as I did.

Also, remember that you can lose on 70% of your trades and still make good money. Just watch your stops... Keep trailing stops on good trades that are going up, and keep stops tight on trades that are falling.

Admin