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Welcome to the WallStreetTape.com Swing Trading Stock Picks Blog.
Thursday, June 30, 2005
Swing Trading Stock Picks for 6/30/2005
WallStreetTape daily swing trading stock picks. Full commentary available at www.WallStreetTape.com
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 16.93pts. 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 7.45pts. Move your protective stop to 20.80(+4 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.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
NBIX - 6/29/2005 - Long from 42.15. Maintain your protective stop at 40.65. Initial target price $44.15.
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:
CREE - 6/14/2005 - Long from 27.00. We were stopped at 25.50 for a 1.5pt loss. Initial target price $29.00 was never hit.
Daily Stock Picks for 6/30/2005
None. The market could be very volatile today and I feed that we have have enough open positions to manage. Make sure you have protective stops on every open position.
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 16.93pts. 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 7.45pts. Move your protective stop to 20.80(+4 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.
SYMC - 6/15/2005 - Long from 21.35. Maintain your protective stop at 20.35. Initial target price $23.35.
NBIX - 6/29/2005 - Long from 42.15. Maintain your protective stop at 40.65. Initial target price $44.15.
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:
CREE - 6/14/2005 - Long from 27.00. We were stopped at 25.50 for a 1.5pt loss. Initial target price $29.00 was never hit.
Daily Stock Picks for 6/30/2005
None. The market could be very volatile today and I feed that we have have enough open positions to manage. Make sure you have protective stops on every open position.
