Here are some of the stocks that showed up on my buy scan. We may have seen the low but it is possible that we see one more sell-off to wash the weak hands. Currently I am doing intraday trades  from the long side only. If S&P closes below 800, I'll stay on the sidelines.

If the market goes up from here these stocks should easily double. The holding period is at least 1 year (if profitable). Put these stocks on your watch list and when you see a pattern as described on the follwing link, you can buy. ALWAYS use stop losses. Stops should be somewhere between the low of the cup and low of the handle. This pattern is described in detail in William O Neil's book, "How to make money in stocks". You can probably get it from your local library or buy one...it is worth the money. If you are patient and wait for the right time you should do pretty good at the end.

If you find other stocks that have a similar pattern, please post it here.

http://www.chartpattern.com/cup_handle.html

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont

I won't have time to post everyday but will try to answer any questions on weekends.

Thanks for all the emails.

Happy Investing.

Scroll down for the list. Not sure why there is such a huge blank space.

Rank	Symbol	Company Name	Last Price
1	GHM	Graham Corp	12.98
2	AAPL	Apple Inc	123.9
3	ANR	Alpha Natural Resources Inc	19.7
4	GOOG	Google Inc	389.49
5	HXM	Desarrollaxdora Homex DR	21.86
6	HP	Helmerich & Payne Inc	32.76
7	NOV	National Oilwell Varco Inc	31.5
8	PCLN	Priceline.Com Inc	96.16
9	HANS	Hansen Natural Corp	39.89
10	NBL	Noble Energy Inc	60.69
11	CMI	Cummins Inc	33.38
12	DRQ	Dril-Quip Inc	34.1
13	BWLD	Buffalo Wild Wings Inc	41.84
14	SPAR	Spartan Motors Inc	6.93
15	HITT	Hittite Microwave Corp	37.07
16	VSEA	Varian Semiconductor Equipment Associates Inc	23.91
17	AMX	America Movil ADR Rep 20 Series L Ord Shs	33
18	ENG	ENGlobal Corp	6.19
19	MT	ArcelorMittal ADR	27.23
20	AMTD	TD Ameritrade Holding Corp	16
21	DNR	Denbury Resources Inc	16.48
22	OII	Oceaneering International Inc	43.94
23	DLB	Dolby Laboratories Inc	36.81
24	TNB	Thomas & Betts Corp	28.01
25	SNDA	Shanda Interactive Entertainment Ltd	48.03
26	SOHU	Sohu.com Inc	52.43
27	WAB	Wabtec Corp	38.12
28	GCO	Genesco Inc	21.76
29	FTI	FMC Technologies Inc	36.13
30	VMI	Valmont Industries Inc	62.2
31	NTES	Netease.com Inc	30.91
32	AIT	Applied Industrial Technologies Inc	22.09
33	WBD	Wimm-Bill-Dann OAO	44.31
34	WDC	Western Digital Corp	21.16
35	MCRS	Micros Systems Inc	20.61
36	CERN	Cerner Corp	47.42
37	GYMB	Gymboree Corp	33.43
38	RSTI	Rofin-Sinar Technologies Inc	19.29
39	BRY	Berry Petroleum Co	16.92
40	CNQ	Canadian Natural Resources Ltd	48.94
41	WIT	Wipro Ltd	9.12
42	CHRW	CH Robinson Worldwide Inc	53.35
43	BMI	Badger Meter Inc	37.69
44	CEO	CNOOC ADR representing 100 Class H Shares	115.55
45	BKE	Buckle Inc	35.2
46	LNN	Lindsay Corp	38.32
47	DAR	Darling International Inc	6.08
48	CTRN	Citi Trends Inc	23.77
49	MCHP	Microchip Technology Inc	22.25
50	SNX	SYNNEX Corp	19.39
51	ARO	Aeropostale Inc	32.89
52	TRAD	TradeStation Group Inc	7.79
53	SCHW	Charles Schwab Corp	17.84
54	NKE	NIKE Inc	54.73

Dear sajha pals,

I am really impressed with the knowledge and suggestions posted by some of the sajha users. I am completely new about buying/selling stock . I really want to invest some money on buying stocks so that I could make some money. However, I don't know even the basic knowledge and concept about buying and selling stocks. Can a F1 student buy/sell stocks?

Can somebody tell me, how to buy and sell stock? How to make decision to buy the right stock to get profit? How to get more information about stock business? I would appreciate for your words.

Update on my positions and a new trade I might initiate this week.

FAS. I sold FAS on Friday at 10.69. Had bought it at 10.30. I didn't like the volatility and seeing it reach 11 and drop to 10.60, I wanted to get out of the trade.

REXX. Still holding on REXX. 7.60 turned out to be a major resistance and today was not good for REXX. I expect a bounce from the current 6.70 level.


New trade this week:
I was going over through emini's old stock picks this weekend and GFI caught my attention.
I put the daily chart of GFI below. You can see nicely how it has been bouncing around in that channel. As I had anticipated, today it found good support at the lower edge of the channel and I expect this stock to go hit the top edge of the channel in a few weeks. My target is 14.50.
 


Peace,
FF.

 Eminitrader

Any recommendation on AZO

Thanks.

Although GFI showed up on my scan last week, I'm not a big fan of gold stocks. Gold stocks depend a lot on the way the dollar moves and I find it hard to predict currencies and their movements. If the dollar strengthens here we could see gold and oil go down. I wrote about it on my blog few days ago.

950 in SP cash and 960 in futures is going to be major resistance but I think we'll take that soon. I'm still holding SMSI and daytrading futures from the long side only.

Duku,

I like AZO but I think the easy money has been made so I'll stay away from those.

Hi Guys any picks for this week.

 

 

Thanks Riten for FSYS made quick $100 on that. bought for $24.43 and sold today for 25.47.

Glad to hear that Duku.  I am still holding on to FSYS.  It has gone up 32.68% since I bought it few weeks ago.  I guess I will sell some of it when it reaches the 40% gain mark.  FSYS does have very strong long term viability.

Couple of other top earners in my portfolio are AAPL and JCI. 

I am thinking of speculating on SLM.  Heard Cramer talk about that stock highly, so I did some research.  He might be right.

Emini Bro Any Suggestions on TTM. Moving up everyday. I think its building resistance at 10.00.

Treasury Holds 'Awful' Auction: 10-Year Yield Hits 3.99%...this is a serious issue.....Those who are on the long side put tight stop loss.....

http://www.cnbc.com/id/31204061

SPNG lai ke bhayo
0.285 bata 0.075 in less than 1 hour

Nothing new to write....just wanted to be the person with the 250th post.

Any thoughts on OMEX, REXX and SQNM.

Also, what is up with C....it's been dangling on the same spot for so long...will wash it off once it hits my break even point.

Happy weekend all....

I still like REXX but I am not a crazy about the other three. I'll like to see a weekly close above 950 in S&P....where we are right now is very dangerous. 880 is a huge support. I do not have any positions and I suggested last week to decrease holdings especially if someone is buying on margin. I'll start buying more once we get to 880 or above 950. currently it's just intraday trading for me.

hi

I am trying to open a/c in scottrade.just wanted to check if i can be a referral to someone who already has an a/c with them. so that we both get 3 free trades.

I know it's not a big deal for any trader. but i just wanted to check if anyone interested. pls email me if anyone interested 

I saw few other posts here asking about the recent losses that people have incurred. One thing to remember is that the market never goes up or down in a straight line. There are going to be corrections on the way. If you pick good stocks and time it right, you should be doing good. I had mentioned on my blog that 960 was going to be a major resistance and 880 be the support. I had told people to take some profits as we were approaching 960. Now we are close to support and it is good time to put some money here. Identify the stocks that you want to buy, identify their support and buy near support. If it closes below the support, get out and take your loss.

ATPG, PRGN and SUNH are my picks for the coming week. If you are buying C or AIG, you are gambling and not trading/investing.

thank you mech  .i ll invest some money in  these  stock. emini.. bro is awesome.. i m making some money in emini's pick but i havent seen him  in sajha for a long time.

ok how do you determine support and resistance, please anyone explain

Thanks.

???

Mech,

Nice calls on AKS and CTRP. Do you mind telling us what made you pick those? I can see that both of those were at the support.....but was there something else you were looking at?

Eminitrader,