June 8th Review

The picks from yesterday were 3 of 5, for a 19% gain. (6.3% compounded)

Picks that were triggered:

XTNT - "I'm expecting a large move down over the next few days/weeks in this name." - Well, big gap down with no such other move really. Gain of only 2% today if you weren't in on Friday.

HEPH - "I'm expecting a large move down over the next few days/weeks in this name." - Nice gain of around 7% so far today; should be a lot more soon.

CFW - "These oil drilling names are really flying lately...I would short this stock, but search for some other small-cap similar names to buy for a nice run up like this one had soon." - Gain of around 10% so far today.

Picks that were not triggered:

ABWTQ - "Big move coming with a mid-day breakout over the .20 mark in the future." - Gap-up and ka-put today...keep it on the watchlist.

RCL - "I'm looking for a breakout over the $16 mark for a quick dollar or so to the upside." - Tough overall market today to try and breakout...failed move.

I don't have much to say about the market today because I have been preaching about what to do for some time now.Buy those dips, buy those dips, buy those dips. It's really as easy as that. I was loading shares this afternoon when the major indices were down a good 1% or so, and boy did it pay off. Buyers rushed in at the end of the day and scooped up shares. Easy as one two three. CNBC was preaching bad news about Apple...buy during that beating and wait for the funds to come in and buy the bargains later on in the day. It's quite easy actually.

Here's some picks from me for tomorrow. Feel free to share some of your own too.

GNVC - The message boards have been a buzz about this name of late with the nice breakout over the .80 mark today. I'm a buyer of this breakout on the backs of these other buyers. The stock has a good chance of gapping, so locking in shares after-hours or pre-market might be something to look into.

ATRC - Nice continued breakout over the $3ish area...I think we will get a retrace in this name before too long. It's just been too strong of late. Have the shares at least reserved for some short of short trade soon.

RSOL - As volume has been pouring into this company of late, the share price has been on the move higher. It's no coincidence...these things happen for a reason. When volume trails soon, watch for a quick move lower.

SPNG - This company has been spending a BOATLOAD of money on advertising lately. I'm seeing commercials and billboards on multiple sports stadiums. I'm really not sure where all of the money is coming from. I'm a buyer now I guess, but a seller over the long-term.

MK