FUQI looks pretty good today. My JTX is not bad either

FUQI has tripled since May 13th.  Wow.  I've been watching it the whole time but never actually bought any.  I keep thinking it will pull back, but it doesn't.

 I know the feeling. I jumped on JTX two days ago. Unfortunately, I bought only 100 shares at 5.8. I am 26% up in two days. Also I bought 200 shares of SIMO like a week ago, maybe more. I was pretty frustrated since it went down most of the time but yesterday and today jumped a lot. I sold them this morning at 3.93. I was lucky since it came down after that. SAY is another amazing stoc. I wanted to buy it at 2.2 a week ago but I hesitated. Today has reached 5.06. Fundamentals are very strong so I expect to go ever higher. I sold today some stock which didn't move lately, I took a loss and I bought SAY at 4.9. It's a gamble I know after more than 100% rise in a week but I said what a heck, I need to take the risk. Let's see how is turning out. Probably tomorrow will go down 30% just to p... me off 

The thing is I am pretty cautios investor so don't like these type of stocks that moves very fast so I don't think I will ever risk too much money on them. 

SAY was definitely a great pick a few weeks ago, I scooped this one up around 2.10, sold 3/4 of the position, after it hit 3.5, waited for the pull back not realizing that it had an earnings report, then when it beat stocks flew out the park. I bought back in close to the lows yesterday and sold it again today. Still holding on to 500 shares with a $3.05 cost basis. OREX was another high flier, bought it around $2.89

I'm rolling with commtech and biotech. My picks for 6/11 are the following:

LVLT, CBST, CERS

The high fliers are sure fun when the markets are going up.  But look out below when we get some bad days.  I've used these in the game here recently, but haven't used them with real money.  When I feel more agressive in real life I use the 3X ETFs and watch them closely.

Here are today's results:

I'm riding the greed train another day with two high momentum picks and throwing in one new one that's a bit more low key.

FUQI - Wow again today (down in after hours)

CTCM

PTC - PAR Technology

There are more advanced takeover talks and strong active after hours activity on ELX.  It did not show up on my screens, so I am not including it in my picks. 

 For tomorrow 6/11 I have these 3 picks:

DECK

 ADS

ZEUS

All three show bullish patterns on short term

 Here's my picks for6/11:  UAUA, BAC, DRYS

Looks like we've got four contestants for 6/11.  Thanks for joining us benhilo.

Good luck tomorrow everyone.

 May I join in?

X    WDC   PCX

To participate in this competition you need to get your picks in by midnight. These picks will be considered for Friday's trading unless you change your picks prior to the cutoff time for Friday.

Hey Bishop, it would be great to have you join in.

Rich, if you look at the previous posts (for the 6/10 trading day) we allowed in an entry that was shortly after midnight.  If it's ok with you I would like to include Bishop for 6/11.  Bishop also has a lot more experience on here, so maybe I can learn something from the added input.

(We also never specified the time zone for the cutoff)

I have no problem with that, especially since I'm making bank on the banks. As a matter of fact, we should make the cut off 12am pacific time. Hows that? Picks should be in before the market opens.

 It's a good idea, Rich

Excellent start by Bishop - New Leader

(Greed sinks the Monkeys)

This is great, aside from the fact that I'm at the bottom of the stack. The screen I used for this competition was for finding stocks that are undervalued and building a base. Using that screen gets me in a trade about 5 days to 2 weeks early. So I'm using a different screen that I've formulated, and it has given me a boat load of momentum movers to choose from for tomorrow's picks. Look out guys, I'm about to "Take...... these broken wings..... and learn to fly again...." as if I was a etrade baby trader. Good show Bishop and Barboni. Congrats for today, watch your back tomorrow! lol

Actions speak louder than words my friend.  Bring it on. 

Reminder -

Picks do NOT carry over from day to day.  You can use the same picks, but you need to indicate that intention each day.  The purpose of starting this thread was to generate ideas on a daily basis.

Thanks

KELLYBROWN9:

Actions speak louder than words my friend.  Bring it on. 

Oh you KNOW IT! ITS OOONNNN!!! lol