Trading ideas for Dec 31, 2010

This would be my last trading idea post for 2010. I hope my picks have serve you guys well this year and bank you guy some coins. More importantly, I hope my charts, my method have helped some of you new traders out there to develop your own style.

Trading is not about chasing/following the next hot trade on Twitter,Sub or CNBC. It is about developing your own style and be able to stick with it, which in turn become a consistent profitable trader. I wish everyone a Happy New Year and a prosperous 2011. Let's get Shitfaced tonight (Drink up).

SCOK


MOV


MITK


HQS

Trading ideas for Dec 30, 2010

Congrats for those who played $SHZ a nearly 100% gainer in two days.

Wednesday Premarket

Today

Always trade what you see, not what you think!!

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LONG: ATPG MEG

ATPG

MEG

SHORT: DANG

Trading ideas for DEC 28, 2010

MEG

ATPG

AXTI

AEA

EDMC

STEC and AONE also setting up for a great swing trade.

The not so rare Rare Earth Metals

According to Wikipedia - "Despite their name, rare earth elements (with the exception of the highly unstable promethium) are relatively plentiful in the Earth's crust, with cerium being the 25th most abundant element at 68 parts per million (similar to copper). However, because of their geochemical properties, rare earth elements are not often found in concentrated and economically exploitable forms. Instead, they are usually found inrare earth minerals.^[2] It was the very scarcity of these minerals (previously called "earths") that led to the term "rare earth"."

Sooooo... Yes, they are not that rare but I am not going to spend time to justify these rare earth companies's earnings vs their share prices. The truth is people are bidding them up right now, so do not fight it and always trade what you see not what you think. Right now all I can see now is $MCP hit $50 today, $AVL broke out to new highs... etc. Below are couple rare earth stocks that are setting up for a breakout/continuation day.

SHZ

REE

AVL