Stock Picks for February 12th
I'm trying to learn the StockScores techniques I learned at a seminar last week so this will be my new thing.
Every week I am going to pick a few stocks that I think will go up in the near future and keep track of them. I always same I'm going to do this, but end up quitting after a week. This will force me to keep track better. I am going to assume I put $1000 into each pick and the commissions will be $30 on a buy and $30 on a sell. I will post a summary periodically on what has happened.
I explain why I am picking each stock, I will "pretend" buy it for the last trade price and I will also set a "stop loss" price for each stock. If it ever gets to that price, I will have assumed that I sold it then. I will follow my stocks every week and pick and exit point whenever.
Note: These charts update every 15 minutes, so keep in mind the day of this post. Any chart activity after that day I would not have seen yet.
Picks For Today
Note: There is a recap of these picks and what happened in Recap of Stock Picks From February 12th 2007.
T.THR
Resource sector. Was gone down the past while, but is trending up. Rising bottoms look like they forming a penant. I would expect it to break through this week sometime. Buy at 11 cents and stop loss at 9 cents.
T.HNT.UN
A real estate trust. A few days ago it formed a penant chart pattern and broke through resistance on lots of volume. I am going to buy it at $2.74 and my stop loss will be at $2.40.
T.RBO.UN
Another trust. Broke through resistance a few days ago with lots of volume. I am going to buy at $9.35 and my stop loss is $9.00. Upside doesn't look like it could be as big as the downside, so I'm wary, but I will try it.
T.EMC
Broke through resistance with volume. I am going to buy at $11.38 and put a stop loss at $10.50.
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Category: Investing
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