Friday, September 29, 2006

Trading Plan for 2006-10-01

Major Open Positions
AAPL, NIHD, RIMM, BEBE, AKAM, GRMN, AEOS, BRCM,BDC

Momentum WatchList

AAPL - now building what looks like a tight flag/box which should give another buy point.
LIFC - buy point is when it clears 30/33 box on good volume. Stock tends to be choppy
BDC - another buy point is when price clears the top of the current 37/40 box
BRCM - $31 is still the magic number. I would risk no more than 1.50 on this stock
BIDU - still chopping around within 83/92 box.
MS - high growth in a very strong sector. Buy point as price clears the highest 70/74 box

Swing WatchList

VIP - finally a better looking trend reversal HAMMER candle as price pulled back. Buy above $61.00 with a stop below $59.50

GIGM - an inside cross is printed as price pulled back , buy as price clears $11.55. Risk should be not more than $0.50.


A couple of SHORT swinglist : IPS CG DRQ

Trading Plan for 2006-09-29

Major Open Positions
AAPL, NIHD, RIMM, BEBE, AKAM, GRMN, AEOS, BRCM,BDC

Momentum WatchList

NIHD - still sitting on top of base. Could add some more shares if price crosses above previous day's high.
LIFC
BDC - another buy point is when price clears the top of the current 37/40 box
VIP - buy point is when price clears the new high at $63.50
BRCM - $31 is still the magic number. I would risk no more than 1.50 on this stock
BIDU - still chopping around within 83/92 box.


Swing WatchList

ICE - Buy above $72.35 with a stop below $70.50
HOT - Buy above $57.10 with stop at $56.30
PTRY - Buy above $55.60 with stop below $54.05

A couple of SHORT swinglist : GVHR BHP FCX APA APC COG BHI

Thursday, September 28, 2006

Trading Plan for 2006-09-28

Open Positions
AAPL, NIHD, RIMM, BEBE, AKAM, GRMN, AEOS

Momentum WatchList

Tonights earnings will move this stock one way or the other. However, the current consolidation area which resembles like a classic DBOX, suggest that the line of least resistance is up. Next buy point to increase positions would be when it crosses the top of the box at around $90 after the earnings of course.

This stock is sitting on the top of the 5 month basing area which is still buyable. If the market gets going, this top growth stock might start running to $70.


There was no joy in momo land for BRCM traders yesterday as it broke above $31 and retraced to the bottom of the price range. Hitting a lot of stops. However, this could still move but might not be as powerfull as one might expect after having based for more than 5 weeks. Buy point is when it clears $31 again.


Swing WatchList

After hitting my stop last week, I know that VIP will be back again in my radar. This time, a classic price pullback which gives me another shot at owning this stock. Buy point is when it clears yesterdays high at $62.05 with initial stop loss at $60.00 giving a risk of $2.05.

ICE - Buy above $72.35 with a stop below $70.50