Friday, October 22, 2010

Update on my ST50 picks this week

I want to start following up on my picks from the ST50 each week and report on their performance.

While many stocks on this list did extremely well, this is a way for me to record my results as well.

Here goes.  These were my picks from the weekend:

CTSH : Setup was long over 66.80 (sorry, typo in the chart). Setup triggered yesterday and was good for at least $1.45 (2.2%)

CTSH
AMZN : Did not trigger until today (post earnings and was a big winner), good for at least $5 (3%)

AMZN
LXK : Triggered long at 46 on Wednesday and was good for about $1.30 (2.8%)

LXK
NBIX : 8.25 was triggered on Tuesday and was good for about 40c (4.8%)

NBIX
MIPS - probably my favorite setup: Triggered at 10 on Monday and was good for around 50c (5%)

MIPS

All in all – not bad at all.  But then again the market has been unstoppable.  Hope some of you caught some of these moves.

I’ll post some more charts over the weekend.

Have a great weekend.

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