Weekend Update

The picks from last week were 10 of 16, for an overall gain of 96%. (32% compounded)

Unfortunately, I forgot to mention on the blog last Wednesday evening that there was a good chance that I would maybe not be able to put a post up for Thursday and Friday. I was traveling yet again, and it was really up in the air whether I would find a computer/have time to put up a post and all. Sometimes the weekends in the summer can get a little hectic for me, so I'll try to remind you all when I won't be posting. If I won't be posting, I will try very, very hard to put up a Twitter update or two throughout the day, however. That's the great thing about Twitter!

Okay, let's move on to some talk about the stock market and what I'm seeing for the days/weeks ahead. There's not going to be any chart today because quite truthfully the chart is really messy. I'll look at the futures tomorrow and try to give a Twitter update of what I think. Commodities and the dollar should start rising together again this week and, I'd load up call options on every dip in the major indices. There's a lot of money sitting on the sidelines waiting to come in at every downturn.

Alright, here's some specific picks for tomorrow...feel free to share some of your own.

XTNT & HEPH - Similar kinds of bounce here in this names over the last two or three days. I'd be ready to go short in either of these names despite what the news was that caused these spikes. Just reserve some shares.

CFW - Oil and gas drilling name that has really been on the move. I mentioned that this sector could really get hot if oil prices stay around these levels. I would short this stock soon on a green to red move because it appears overdone, but I would look for more small names like this and buy, buy, buy.

ABWTQ - Here's a pink sheet name that is most likely a scammer, but the volume and price action is just too good to pass up. Volume was skyrocketing on Friday, and I think the .20 mark is something to watch. With a close above that, this stock could easily be off to the .30 area.

RCL - I know I mentioned this name a long, long time ago when it was trading down around in the $6 region as a nice buy for the long term. The ships just buy themselves were worth a great deal more than the current market cap (considering they could find a buyer for them). Now the stock is at $16 and looking for a breakout over that mark soon. Watch it for a quick buck or two.

MK