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Friday, June 6, 2008

6/6t9:50

Stocks: SOL, CSIQ, RDC

SOL, CSIQ:

We are following the SOHU road map. These are ultra high S/D rated stocks that we have made a lot of money on and we now are buying the 1st rally off of the 20 day ma. The only issue with the chart is the MACD hist. is not set up well, but looking at SOHU that is not an indicator that helps at this stage of the move. I have bought 1/2 the position and will double at the end of the 1st hour if the chart warrants. Of course the market is getting killed today so that may make this entry a little dicey, but off setting that is the $6 + rise in the price of oil.

RDC:

This is the only driller that fits the rules. We could use stronger EPS growth but other than that things look good. If we trade this idea I would only look for quick 5% + gains and book it.

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