This person is one i follow on a consistent basis and has a MAJORITY of winners.
Please take the time to review his latest comments on particular stocks
I entered a position in Quicksilver Gas Services (NYSE: KGS) at the open on Tuesday, December 8th at $22.05. A few days later, KGS issued additional shares to buy assets from its parent company, a development which seems to have taken the market by surprise. The shares are slightly below the rising 50-day moving average and are approaching oversold territory. My stop loss remains steady at $19.45.
I bought Amdocs (NYSE: DOX) as a Trade of the Week holding on Monday, December 21st at $27.73. On January 21st DOX was upgraded by an analyst who raised his price target from $28 to $37. The stock gapped up and briefly went above $30. The shares are holding very well on this market correction so far, staying above a rising 50-day moving average. My stop loss at $24.65 and target of $33.95 are steady.
The Herbalife (NYSE: HLF) trade was opened on Monday, January 5th at $41.55. The stock went to just over $45 before retreating. The shares broke important psychological support at $40 on Friday, January 29th, and are approaching my $37.95 stop loss.
We entered a position in AllianceBernstein Holdings (NYSE: AB) on Monday, January 11th at the opening price of $29.39. The shares challenged resistance at $30 before backing off. On Friday, the stock tested but did not break my stop loss point at $25.49.
Morgan Stanley Municipal Securities (NYSE: IQM) was first bought on December 8th at $13.11. The basis of this trade was muni-bond funds having a strong seasonal pattern of bottoming in October-December and rallying into mid-February. IQM is holding extremely well in a declining market and is above a rising 50-day moving average. My target and stop loss are steady.
I entered a position in Tech Data Corp. (Nasdaq: TECD) at $45.54 on January 19th. The shares made it very close to $47 but have since declined precipitously with the overall market. I was stopped out at $42.45 on Wednesday, January 27th for a -6.8% percentage loss. This position is now closed.
Thanks for reading the latest update on my open trading positions.
Regards,
Don

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