What Worked Today 4102007

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April 10, 2007

ICOC – The stock I picked up yesterday did a nice 4% pop today. Todays move looks to be a breakout clearing both the 2/15/7 highs as well as the spike made on 2/8/07. More upside coming here. Weekly chart looks hot. This really the only position other than laddering into some shorts that I had from yesterday.

ADM – Still marching. Nearing 10% gain in the second portfolio.

BRCD – Fractionally higher. Holding onto its 7% gain in the second portfolio.

WU – In my retirement account is up roughly 1.6% and I’m not happy waiting for it. I might replace it with one of the picks in the next post.

USOO – One of my yearly portfolio holds, I feel like Jim Cramer always having to disclose that, is looking good. I think this stock and XPO are going to bring up the rear going into May (where I rebalance). There is a definite bullish flag on the daily and the weekly chart couldn’t look better.

XPO – The weekly chart is turning based on the action so far this week. I’m hoping it holds.

RDNT – Another yearly hold (disclosure time), weekly chart has also turned. One interesting point though is that weekly chart turned last week and this week is the pull back. That is a buy imo. Its the same strategy I used to get those big gains in BRCD. I’m currently up over 70% on RDNT. However, my yearly portfolio is down roughly 6.5%. Take note and watch it rise going into May. I don’t know that for sure, but this particular strategy has made money every year going back to 1997 and I don’t expect this year to disappoint. Moreover, with the other stocks XPO and USOO looking to make moves I think the portfolio will end profitable.




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