September 19, 2007

Market Comments Submitted by Nick at Ambitions as a Stock Trader

By admin

Rating 3.00 out of 5

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Submitted by My Ambitions as a Trader and Investor

An Eye on Today’s Laggards
With such an incredible upside move, its hard to believe that some stocks actually closed in the red. Believe it or not, its definitely true. Some of my holdings got hit with profit taking. Lets see which stocks lagged behind the market today…

Today’s Losers: CFSG, LNOP, SIMC

I’m not that worried about any of the stocks as I am already making a profit on each of them. SIMC has already netted me close to 50% by itself. Today’s decline in SIMC was to be expected as the stock violated its trend line/pattern. I would expect it to trade sideways a bit. Still, patient traders that wanted to get in on the dip had ample time as the stock closed near its 10 day MA.

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