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Be careful with BJS they announced a split after the market closed today.
Look for a gap up in the morning and watch to see if it drops after that
Robert Roy
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> From: James Charles <money4u@xxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: stocks:Friday
> Date: Friday, January 23, 1998 1:08 AM
>
> Hi Guys and Gals,
>
> Several of you have asked me to continue to post my hit list for the
> next day so I do so when I get a chance. Three of the four shorts I
> posted Tuesday night for Wednesday were extremely profitable. The other
> was a break-even. Today (Thursday) was an interesting day to trade
> stocks. All of the four shorts I posted last night for today were
> triggerred and were profitable. One gave you about a fifteen percent
> return after the entry point, intraday. Today was clearly a day when the
> market, which was oversold in most sectors, continued yesterday's
> correction and if you were short you were okay. But noteworthy is that:
>
> 1) The market showed boko strength in the late afternoon and
> 2) For an overall down day, market internals were relatively strong
> today..
>
> So for Friday, I am going to be very cautious because we can make a good
> case for the bulls and for the bears. If you still want to open a new
> position tomorrow, you can consider the following candidates:
>
> for shorts: BJS, FFD, IO, MDT, SNY, TEN, TRL.
> and for a long: NU.
>
> I post these reluctantly. You don't get three good trading days in a
> row too often. Don't keep your stops too far away from you tomorrow and
> don't fight the direction the market wants to take. Remember these
> signals require price confirmation as I described in yesterday's post.
>
> Best wishes,
>
> James
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