SUPRATRADE MONDAY NOON 0904071127
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average rating: 2.50 / 2 ratings
Created by supratrade
DESCRIPTION:

Date updated:04-09-2007

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symbol name last price % change open
  • +
  • PAL
    North American Pa
  • $3.13
  • +2.96%
  • $3.06

ENTRY STRATEGY:enter(buy) between USD 7.50-USD 7.75( It make take a few days to get my entry price,so please be patient.Even if the price moves up from here,there is a strong likelihood that it will pull back to our entry area over the next week). EXIT STRATEGY:I will announce when it becomes necessary to exit. STOP LOSS STRATEGIES: Set the orginal stop for intraday protection at USD 7.10. MARKET NOTES:Market indicies are at resistance and volume has been in decline for a few days now.There is a potential for the market to make a pullback from here.However I continue to find good long side set ups,so despite the fact that indicies are at a point of decision,I like the opportunities that are presenting themselves here and will continue to take advantage of them. PAL NOTES:After bouncing off the long term trend a couple of weeks ago,PAL has finally broken through resistance on its pullback trend.Volume has increased over the past few days,indicating funds are getting on board here. I would see the price move up to USD 12.00 over the next few months.It is still not clear whether or not it can break through that level.When it reaches this area I will evaluate it to see if it makes sense to hold or take profit.

People owning PAL also tend to own: AEISANCXBWNGCHKGMXRHPMZT

TheStreet.com Rating: D What is this?

  • +
  • GFI
    Gold Fields Ltd A
  • $14.68
  • -0.41%
  • $14.86

ENTRY STRATEGY:enter(buy) between USD 17.00-USD 17.25. EXIT STRATEGY:I will announce when it becomes necessary to exit. STOP LOSS STRATEGIES:Set the orginal stop for intraday protection at USD 15.98. SHORT or LONG: LONG MARKET NOTES:Stocks continue higher forcing shorts to cover and forcing pullback buyers to raise their bids.Hopefully the advance can continue to move along at a reasonable pace and keep the majority skeptical.At the point public to starts to recognize we are in a bull market,a nasty correction will likely occur to shake them back out.So far the market has done well climbing a wall of worry though. GFI NOTES:The gold sector has seen very nice accumulation over the past few weeks and lnow look ready to run once again. I am providing a monthly wiev for GFI due to the fact that the trand i am trading with this stock is a very bullish multi-year trend that has spanned more than 10 years.Note taht prices are just now touching down on this important trend, where buyers were extremly eager to buy the dip earlier this month. There is a very high potential for this stock to move bac up to the USD 26 area over the next few months and perhaps higher if the gold sector stays strong.Buying in this area is buying in on the ground floor where smart money is getting in and where old retail longs are panicked. UPDATE/april 09,pre market/.The break over USD18/50 was significant.The price should now be free to continue its way higher now.Expect a minor pullback thought.Technicallly it´s overbought,so it needs to work this off by coming back to give those who missed the breakout a second chance.A dip bellow USD 18.50 is probable as there are undoubtably stops at 18.50 that need to be cleared before this can move higher. I recommend a trailing stop at USD 16.30.

People owning GFI also tend to own: AEZBLDPESLRGSSNTRZRTKABX

TheStreet.com Rating: No Rating What is this?

  • +
  • LTR
    Ltr
  • $0.00
  • N/A
  • $N/A

ENTRY STRATEGY:enter(buy) betweenUSD 38.20-38.30. EXIT STRATEGY:I will announce when it becomes necessary to exit. STOP LOSS STRATEGIES: Set the orginal stop for intraday protection at USD 37.75 SHORT OR LONG: Long UPDATE(april 09,pre market):Once again,LTR is in a nice healthy climb.Nothing has changed and that´s very good news.A pullback to the USD 45.00 area is potential here,but not necessary.Note that we raised the trailing stop to USD 44.00. MOVE THE TRAILING STOP UP TO USD 44.00

People owning LTR also tend to own: AHMAIZALBAMPAVTAXCABBI

TheStreet.com Rating: No Rating What is this?

  • +
  • CRUS
    Cirrus Logic
  • $5.64
  • 0.00%
  • $N/A

ENTRY STRATEGY:enter(buy)1/2 between USD 7.50-USD 7.60. If the price pulls back to USD 7.00-7.10,enter the remaining 1/2 of this position. NOTE:it is important to scale into this position.There is good chance that the price will find support at its 20-days average(USD 7.50) and continue higher.Chanses are about equal,however,that the price will not find true support until it moves back the long term trend near USD 7.00. EXIT STRATEGY:I will announce when it becomes necessary to exit. STOP LOSS STRATEGIES: Set the orginal stop for intraday protection at USD 6.85 SHORT OR LONG: LONG UPDATE:(april 09,pre-market): CRUS has pulled back to its long term trend,so we would expect a strong move higher from this level at any time.It´s an ideal entry point for anyone who has bee waiting to enter this stock.

People owning CRUS also tend to own: AMISBBBYBBYCMCSACOGNCSCODOX

TheStreet.com Rating: C What is this?

  • +
  • SKM
    Telecom Co Ltd Ad
  • $17.18
  • -1.49%
  • $17.36

ENTRY STRATEGY:enter(buy)anywhere between USD 23.40-USD 24.00. NOTE:Try to enter at the lower end of the range,but if it gaps up today,it´s OK to enter as high as USD 24.I will adjust the stop in such an instance. EXIT:target 25.85 STOP LOSS STRATEGIES:Set a stop for intraday protection at USD 22.95 SHORT or LONG:Long MARKET NOTES:Market indices are at resistance and volume has been in decline for a few days now.There is a potential for the market to make a pullback from here.However I continue to find good long side set ups,so despite the fact indices are at a point of decision,I like the opportunities that are presenting themselves here and will continue to take advantage of them. Keep in mind that the market was over overbought for a long time from August through February and we made very nice profits through the majority of that period as we took advantage of good set ups.Likewise,the market is nit giving clear clues here,but you made a nice profit on both MTSN and SIL last week and all open positions performed very well.In other words you may not know exactly what to expect next,but the profit potential continues to improve. SKM NOTES:SKM is quite similar to MTSN in that it has moved into a very tight trading rang as it bases at its long term trend.Volume has been dramaticly increasing over the past couple of days so it´s unlikely we will need to wait as long as we did with MTSN before it breaks its trading range. There is some potential that it can gap up today,so we have allowed for this by using a wide entry range. Once it breaks higher,don´t expect it to rich the target as quickly as MTSN though.It is more likely that it will inch higher for a week or two before it finally reaches the target.Each stock has its own personality.The personality of this stock is to make small daily gains when it is growing.

People owning SKM also tend to own: CMCSKFVEJNSMSFTNKETOLVOD

TheStreet.com Rating: No Rating What is this?

  • +
  • USD
    Ultra Semiconduct
  • $27.13
  • 0.00%
  • $N/A

ENTRY STRATEGY:enter(buy) enywhere between USD 60-65.10 NOTE:be patient and wait for the entry area. Where to exit: target USD 71.50. STOP LOSS STRATEGIES:Set a stop for intraday protection at USD 63.70 SHORT

People owning USD also tend to own: DIGROMRXLUCCUGEUPWURE

TheStreet.com Rating: No Rating What is this?

  • +
  • XJT
    Expressjet Hldgs
  • $3.83
  • -4.25%
  • $3.98

ENTRY STRATEGY:enter(buy) anywhere between USD 5.95-USD 6.06 NOTE:The target represents a 15% gain.If the price opens over entry area,check back here an update. EXIT: target USD 6.90 STOP LOSS STRATEGIES:Set a stop for intraday protection at USD 5.78 LONG MARKET NOTES:Over the past few weeks we have been urging patience.March has historicly been a rough month for us and in general choppy trading enviroments are the hardest to make money in unless you are just a scalper who take profits after a stock moves a few pennies. Patience paid off and now we are once again seeing some great set ups.We won´t try and make any bold predictions about where the market is going from here-that´s still up in the air-but we will take advantage of the good set ups as they come.And they have. XJT NOTES:XJT is very similar to yesterday´s stock SIL and that it is trading and support and showing a strong propensity toward making a reversal.This stock has a history of every sharp moves when it does reverse so we are conservatively setting a higher target of 15%.I say conservatively as the potential could be much greater.We will adjust the target higher later if it makes sense to do as this trade progresses.

People owning XJT also tend to own: BGBHEBIGCPTSDYNGWRGYMB

TheStreet.com Rating: D What is this?

  • +
  • MTSN
    Mattson Technolog
  • $2.35
  • +5.86%
  • $2.21

ENTRY STRATEGY:enter(buy) anywhere between USD 8.75-USD 8.85. EXIT:target 9.80 STOP LOSS STRATEGIES:set up for intraday protection at USD 8.48

People owning MTSN also tend to own: AMATATMLFFIVNTERACKSAPESTX

TheStreet.com Rating: D- What is this?

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Start Price

Return Value

Start Date

PAL 8.14 -61.55% Apr 9th
GFI 19.18 -23.46% Apr 9th
LTR 46.81 ------ Apr 9th
CRUS 7.73 -27.04% Apr 9th
SKM 23.47 -26.80% Apr 9th
USD 69.15 -60.77% Apr 9th
XJT 6.07 -36.90% Apr 9th
MTSN 9.99 -76.48% Apr 9th
SIL 14.781 -95.20% Apr 9th

Average return:

-51.03%

Success rate:

0%

Tracking Started: 04-09-2007

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