Tuesday, October 5, 2010

Update on long ideas...

DRYS: Did not trigger but still buyable.

RAX: Did not trigger. Set up still valid for day trade.

KH: Triggered then stopped out. Set up no longer valid.

ACOM: Triggered and followed through nicely. Clearly a hold at least to target ($25.00). Will likely reach target tomorrow or later this week.

SCMR: Set up still valid if already long or if not then buy trigger is $33.50 with $32.00 stop loss.

Please note that these are my thoughts on how I would approach these stocks and are for entertainment purposes only. These are not buy recommendations.

Good luck and good trading!

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