Sunday, June 15, 2008

Weekend Update

This past week we saw a lot of volatility without actually getting anywhere. The major indexes closed about flat to slightly down for the week. The risk level remains high so we still need to be setting tight stop losses as two of the stocks we highlighted last week broke down hard.

Apple Computer sold off after the lackluster iPhone release and over concerns about the health of CEO Steve Jobs


RGEN also fell hard, but due to a nice stop loss we only lost about 40 cents per share.




On a brighter note, BCPC made a 52-week high (on relative light volume)



and OTTR continues to do well.




Dryships (DRYS) held it's support at 70 (hitting 70.04 on Thursday)



The solar picks CSIQ and YGE are both up also...






We have an exciting Aquaculture stock we will be highlighting this week that we need to do a little more work on. We appreciate all of our readers and have a lot planned this year for Into the markets!

-Trader D

No comments: