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A Low Open for Most Stocks
By: Jeff Kohler   Wednesday, April 09, 2008 1:32 PM

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Today marks the lower open for a lot of the great stocks on last weeks watchlist. You know, all the great stuff I missed because I was on vacation. AKS, CLF, FDG, APA, POT, XEC, DVN and UNT in case you were wondering.

I like the little exhale we are seeing in the market today thanks to UPS. "How Has Brown Worked You Today?"

I think today offers a good opportunity to buy re-tests in a few recent breakouts...

FMC- $59 offers a good entry point while offering an area to help manage risk.

GILD- I still love this stock, and this entry point

These are just a few examples of set-ups that should be easy to find. Here are a few other ideas I am working on today...

HOLX- Here is the reaction I have been waiting for...I own puts today.

MGM- I bought puts yesterday, but here is the anticipated "breakout" I have been looking for.

NFLX- Another price pattern to add to the list...

PCLN- I am going to establish a small position today, and increase it on a breakout.

TJX- I'll be buying puts towards the close if prices remain below $32...

I'll add to this list as I see fit.

By the way, the conference call last night was constructive. I got a few good pieces of input that I am going to toy with, with only minor exceptions. I am who I am and I say what I say. That's what makes me who I am. If I don't occasionally offend, I am not trying hard enough. Rather than make a scene, I let it slide. In the words of Jay-Z..."If you don't like my lyrics you can press fast forward."

My objective was to look for a few ways to keep things organized, and I think I have finalized some of those ideas. Thanks again for your input.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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