Monday, June 11, 2007

Monday Wrap-Up

Well, it was inevitable-- the account closed down a little today, mainly due to MVIS shaving off a little more than a nickel.

My other stocks traded as if it were summertime. Oh wait, it is. ZZZZzzzzzzzzzzzzzzzzzzzzz

The Nasdaq action suggests consolidation on what looks like very light volume. The latest volume information I have shows approximately ~1.6 billion shares traded.

At this point I think it is wise to trade lightly and to keep some powder dry.

4 comments:

Brent said...

CHCG.ob. Is growing earnings at a 35% clip with a PE of 11. Chart passes. The company distributes high tech consumer products in China, little sketchy, but the numbers are real. Just thought it looked interesting.

Woodshedder said...

Brent, chart looks good...some good volume spikes.

Only thing I do not like about otcbb is that my brokerage won't let me use stops.

Market Speculator said...

not a fan of OTC.BB stocks...but best of luck.

Won't be taking new positions until we get a clear signal of accumulation here.

Market Speculator

Brent said...

No worrries, I am just going to keep them coming and maybe something will work for you. It is nice to have a little feedback as I do most of it in my own head. My Vectorvest Screens are spitting up slim pickings lately and the Timing indicators are saying "stop buying". Nothing too exciting which means its best to hang back and just wait for something that is "special".