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Friday, July 08, 2005

Swing Trading Stock Picks for 7/8/2005

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 22.00pts. Move your protective stop to 46.50(+16 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 7.65pts. Maintain your protective stop at 21.80(+5 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.

VECO - 7/6/2005 - Long from 16.55. Maintain your protective stop at 15.55. Initial target price $18.65.

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 7/8/2005
None at the moment. We have several positions that continue to perform in the "superstar" category and many other to manage. Make sure you have protective stops placed on all your open positions.
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