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Top Stock Picks
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Top Stock Picks Portfolio Comments2010-08-29: This is still going to be a trader's market until our long-term, trend following indicators turn positive. Short-term, swing trading positions we are taking on the long side (based on breakouts and MACD crossovers) are **** and ****. Target profit objective is ****.
Current Stock Portfolio Positions: QI** (-3%), |
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| | Stock Picks Q&A View Select Entries from Our Mailbag. Also See Our Q&A Page.Q: Hello, I am a new member. Am I setup for receiving Top Picks via Email as they occur? If so, How should I respond to your Top Pick. Buy at market? Buy within certain price limit? Also I often see your stops to be more than 12 % from your entry level. Can you explain why is that? Thanks A: Hi, Yes, you are set up for Top Picks via email - you should have received one for ROOM last night. When we post a Top Pick, we usually buy at the market the next trading day. Today we purchased ROOM at $57.60, the opening price.
The stop-loss line shown is an automatic calculated stop-loss. It should be used after a stock has gone up, so as to lock in profits. For new purchases, the 10-12% stop-loss always takes priority.
Hope that helps.
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