Small Cap Stock Picks Technical Analysis: 7/23/08
Thursday, July 24th, 2008To receive real time buy alerts and our daily newsletters for all of our stock positions test out a FREE 14 DAY TRIAL TO BLACK SERVICE!
Small Cap Stock Pick #1
??? Lies within the mortgage sector which has been very bullish lately in-line with fannie mae (FNM) and freddie mac (FRE) . Especially now that this PR was released:
House OKs rescue for homeowners, Freddie, Fannie
Wednesday July 23, 7:02 pm ET
By Julie Hirschfeld Davis, Associated Press Writer
Help for strapped homeowners, mortgage giants sails through House after Bush drops opposition WASHINGTON (AP) — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and preventing the collapse of troubled mortgage companies Fannie Mae and Freddie Mac.
We bought this stock on the risk of todays 40% rally though the chart was just too attractive to pass up. We bought at 1.78, price closed at 1.90 and is now up another 15% AH. With price breaking above $2/share resistance this will be a very bullish breakout as there is no resistance until around 4.50 which is over 100% gain from here and is definitely not out of the possibility as these stocks have been so beaten down. Hopefully we some some serious volatility in our favor thursday and friday as earnings are on Monday and im not a big fan of holding through earnings due to the risk.
Technical Analysis
Small Cap Stock Pick #2
This Small cap penny stock has quite an appealing stock chart as it broke out from its symmetrical triangle today on increased volume signifying this is a legit breakout and this bull move will continue. This play is mostly technical momentum trade. We went long just a 1/3 position at .185.
Technical Analysis:
???? was brought to my attention in the last few minutes of trading by veteran member Ket1430 who always has some good input to the community. I went long here at 2.94. This stock has been hammered down for a while but is in the speculative uranium energy sector and i believe these stocks will make a come back at some point and the chart here says this could be the beginning of at least a short term rebound where we could scalp around 20% or so on this trade.






