DAILY STOCK TIPS

Daily Stock Tips & Picks Brought To You Before The Market Opens

 

Market Comments: 

After an early rally, the market gave way to doubts over Europe once again as with yet another summit meeting overhanging the market.

 

Date:   May 23, 2012

Stock Picks

 

Buy for $2 to $4
NEM 46.10

Take advantage of the sell off in gold.

Sell short:
(SBUX 55)

SBUX is a major target stock on down days.

Buy for $1 to $2
EUO 20.10

The Euro looks weak regardless of what happens at the summit.

We bought MOS 47.10 and sold (FXI 34) short today.

We took profits on GG

Open positions: PSLV 13, INTC 27.10, EWS 12.50 and TBT 17.5
NOTE ABOUT STOP LOSS ORDERS: Never make a trade without a stop loss. We never risk more than $2 or $3 on any trade. Another poplar stop loss is 8% of your entry price. Investment success is possible only for those who cut their losses because everyone will have losing trades.

NOTE ABOUT TAKING PROFITS: This service is oriented to short term aggressive traders. We will tell you when to take a profit, but you certainly do not have to wait for our sell signal. If you make $2 to $5 in only a few days trading, take your profits. Don't be greedy. Don't fall in love with a stock.

NOTE ABOUT TRADING: if you take a position and it doesn't move quickly, don't be afraid to move into one of our latest picks. Keep your money where the action is. You should be trading with deep discount brokers only.

NOTE ABOUT ENTERING NEW POSITIONS: Our short term trading strategy is based on the fact that prices fluctuate in narrow ranges most of the time. We look to buy during normal price pullbacks, so stocks don't have to make new highs for us to make money. The same in reverse for our short sales. We look to sell temporary intraday rallies in major downtrends. Keep in mind that the natural price action of stocks is to go through daily, weekly, monthly and even yearly cycles. We look to buy near the lows of these normal price swings. We are not looking to ride a stock for weeks, months or years. We are looking for quick profits in short term trading without falling into the losing trap of day trading or getting bad fills with market orders. Our entry orders are always limit orders.

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Disclaimer: This stock list has been prepared solely for informational purposes and is not a solicitation or an offer to buy or sell any security. It does not purport to be a complete description of the securities markets, or developments referred to in the material. All expressions of opinion are subject to change without notice. The information is obtained from sources deemed to be reliable, but we cannot guarantee that it is accurate or complete. This publication should be used only by sophisticated investors. Trading should be based on your own understanding of market conditions, price patterns and risks.