Buying Stocks Pt2

Daily Stock Report for Friday Morning, November 27

, 2009 pt2

Summary Opinion As stocks move higher or start to turn over, reduce risk by gradually selling stocks as they move up. Raise more cash, hold stocks long that are still going up and for aggressive investors, consider selected short positions.

Calendar Monday, 830am ET, Existing Home sales. Tuesday, Gross Domestic Product (GDP), 2.9%Wednesday, Weekly mortgage applications Weekly jobless claims, Univ Michigan Consumer Sentiment, New Home Sales, Crude Oil Inventories Thursday, 830am ET, Initial Jobless Claims, 504kThursday, 830am ET, Continuing Claims, 5.70M

Follow-up: SEED, Origin-Agritech has developed into a bullshort the last two days after the Chinese approved of their modified hybrid corn. NLST, Netlist. See notes below and video review.

Focus chart:

SEED, Agri-Origin is correcting nicely now and should accelerate to the downside tomorrow along with the general market. It is probably going to be too late to enter if this opens down in the mid $9s tomorrow. I would not recommend buying this on the big drop and pop with the Dubai news discussed above. This could easily get between $8-9 to cover a short position. This is a high risk high reward technique and needs to be studied in the Wizard Training Course before attempting this technique.

Swing Trade Ideas: Delay purchase of all new LONG positions. DRYS, Dryships is a dry bulk shipper. Consider small long position between $5.80-$6.00.

Mitch King

www.TradeStocksAmerica.com

Contents: online stock trading, trading strategies, stock picks, stock market education, stock market investing course, educational stock trading videos, stock trading newsletter, stock market newsletter,

Mitch King is the founder of TradeStocksAmerica.com. All material presented herein is believed to be reliable but we cannot attest to its accuracy. All material represents the opinions of Mitch King. Investment recommendations may change without notice and readers are urged to check with their investment counselors before making any investment decisions. Opinions expressed in these reports may change without prior notice. Mitch King and/or the staff at TradeStocksAmerica.com may or may not have investments in any stocks cited above before or after this newsletter is prepared. Use the stock table above as a model portfolio of ideas that look attractive at the time of the writing. Comments can be hypothetical in nature. Opinions expressed in these reports may change without prior notice. Disclaimer - Stock investing or stock trading has large potential rewards, but also large potential risk. There is risk of loss as well as the opportunity for gain when buying or selling stocks, bonds, option contracts or engaging in any strategy listed in the Daily Stock Report, The Wizard Training Course, The Trading Room and our seminar or workshops. You must be aware of the risks and be willing to accept the risks when investing or trading in any financial markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell stocks. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

by: Mitch King

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