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Tuesday, June 28, 2005
Swing Trading Stock Picks for 6/28/2005
WallStreetTape daily swing trading stock picks. Full commentary available at www.WallStreetTape.com
Commentary: Make sure your protective stops are in place on all open positions.
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Currently Open Positions:
MLHR - 5/13/2005 - Short from 28.85. Maintain your protective stop at 32.35. Initial target price $26.85.
ENWV - 5/19/2005 - Long from 30.50. We are up over 16.20pts. Maintain your protective stop at 42.50(+12 in the money). Initial target price $32.50 hit on 5/20/2005.
SMSC - 6/2/2005 - Long from 16.80. We are up over 1.87pts. Maintain your protective stop at 17.80(+1 in the money). Initial target price $18.80 hit on 6/7/2005.
VAR - 6/7/2005 - Long from 36.98. Maintain your protective stop at 35.30. Initial target price $38.80.
CREE - 6/14/2005 - Long from 27.00. Maintain your protective stop at 25.50. Initial target price $29.00.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
GPM - 6/21/2005 - Long from 22.65. Maintain your protective stop at 21.15. Initial target price $24.65.
Remember that we are looking for 1-3 point moves on our targets. If reached, make sure you are closing at least 1/2 of your position.
Closing Positions:
None.
Daily Stock Picks for 6/28/2005
None. At the moment I feel that we have enough open positions to manage. In addition, this could be a very volatile week with oil above $60 and the Fed speaking on Thursday. Use caution and make sure you have protective stops placed on all open positions.
Commentary: Make sure your protective stops are in place on all open positions.
Stock Market News Always Updated!
Click Ticker Symbol for Stock Charts
Currently Open Positions:
MLHR - 5/13/2005 - Short from 28.85. Maintain your protective stop at 32.35. Initial target price $26.85.
ENWV - 5/19/2005 - Long from 30.50. We are up over 16.20pts. Maintain your protective stop at 42.50(+12 in the money). Initial target price $32.50 hit on 5/20/2005.
SMSC - 6/2/2005 - Long from 16.80. We are up over 1.87pts. Maintain your protective stop at 17.80(+1 in the money). Initial target price $18.80 hit on 6/7/2005.
VAR - 6/7/2005 - Long from 36.98. Maintain your protective stop at 35.30. Initial target price $38.80.
CREE - 6/14/2005 - Long from 27.00. Maintain your protective stop at 25.50. Initial target price $29.00.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
GPM - 6/21/2005 - Long from 22.65. Maintain your protective stop at 21.15. Initial target price $24.65.
Remember that we are looking for 1-3 point moves on our targets. If reached, make sure you are closing at least 1/2 of your position.
Closing Positions:
None.
Daily Stock Picks for 6/28/2005
None. At the moment I feel that we have enough open positions to manage. In addition, this could be a very volatile week with oil above $60 and the Fed speaking on Thursday. Use caution and make sure you have protective stops placed on all open positions.
