Stock Ideas
Investors Daily Edge
NanoCap Gems Update |
Here's a trade from "The Daily" and insights into our trading strategy: All you seem to hear about lately is Apple, and frankly, when a stock is so widely discussed and owned you have to start thinking about whether it is reaching a peak. That said, the stock is a Christmas powerhouse because... |
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| NanoCap Gems Update |
| Wednesday, 07 November 2007 | ||||||||
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Buyers need a reason to buy, and the markets today aren’t giving them a signal. However, we are now entering the best time of the year to be invested in historically, November through April, where the majority of gains are usually made. This is great news, as bargains are sure to be had in the near future, if you travel through Sacramento, CA., tune in to channel 1380 AM, and listen to The Nasdaq Report, every week-day at noon! COMPANY PICK UPDATE: Eon Communication, EONC continues to trade in a tight range, around its 200 day moving average (DMA), of $.94, which isn’t surprising. However, for short term traders, day trades are very inviting, as this has popped several times to $1.10, on fairly decent volume. EONC's addition has only been out several weeks, so this spike was quite tempting. For more patient traders, we’re looking at a target of around $1.50. Synergy, SYNX, has clung as well to its 200 DMA, of around $2.04, and we’re looking for a move past $2.20. If this can happen, on any significant volume, a nice run could easily take place. Again, short term day traders could’ve made decent money on moves up to $2.20, on various occasions, although the volume hasn’t been great. We’ve added WSCI to our watch, as this company has reported solid earnings, net income was a whopping 30% over the previous year! The stock has now been oversold back to the mid-5 range after the earnings run, and is possibly getting to a nice value to buy. We have set our sights on several other companies we follow closely, and if the buying range happens, perhaps we’ll move on it. Finally, BSLM was removed from our watch list Source : Nano Cap Gems
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