Hello Roger, i am a private trader who now only trades on the short side....I do not use any fundamental analysis but am a pure TA trader...
My picks for Monday are the following:
1)SNUS on a return to neckline at 37.50....If upward momentum continues, I would short around the neckline area, and set a protective buy limit stop just above 40.00...I have a target on SNUS
of 28.00, should momentum turn down in our favor...BTW, I am in early,
near close on Friday....
2)LVEL....I was hoping to short this one near the neckline at 15.00, but it fooled me and did a 180 short on Friday....My 1998 long-term target on this one is 5.00 a share....
3)MVIS.....We have a critical point on this stock...If she can't hold 14.00 on Monday, I short it.....It is sitting right on neckline....
4)ESV.....Entered this one at 33 1/8 on Friday, wanted to get it a tad
higher, but it was losing momentum...Nice HST pattern....Double head, right and left shoulder....
Others of interest are
A. MCRL near 30.00
B. TIF near 37.50
C. JJSC short near 15.00, target of 8.00....
If you do your homework on these stocks, you will see reasons, why they have been selected.....If you are puzzled, please feel free to ask detailed questions, but remember I am a TA trader...
Mark
P.S. BTW, I generate all my own picks...I do not subscribe to any
newsletter writers or magazines...The only paper I receive in IBD, that does help me as I fill up my data bases for scans.... |
