tag:blogger.com,1999:blog-13349794885153822582009-04-30T16:27:56.662-07:00An one-stop resource for the best trading systems from Collective2Declan Fallonnoreply@blogger.comBlogger33125tag:blogger.com,1999:blog-1334979488515382258.post-56095019774099491542007-10-22T13:11:00.000-07:002007-10-22T13:12:02.238-07:00Insulet Corp (<span style="font-weight:bold;">PODD</span>) dipped into the low $22s before it staged its post-morning rally. The drop was enough to hit the stop to close the 500 share position for a <span style="font-weight:bold;">-$755</span> (<span style="font-weight:bold;">-6.4%</span>) loss. <br /><br /><img src="http://blog.fallondpicks.com/images/PODDOct22.png"/><br /><br />Three positions remain in the portfolio as market exposure is reduced following the failed breakouts in large caps and the lagging performance of small caps.<br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><br /><div align="center"> <a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.awltovhc.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-5609501977409949154?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-45980621233247652962007-10-17T14:36:00.001-07:002007-10-17T14:36:36.740-07:00Lifeway Foods (<span style="font-weight:bold;">LWAY</span>) was the best play of the summer for the portfolio, but unfortunately the stock undercut what I considered to be support, and the position was stopped out for a reduced profit (an alternative support would be the lows of the big white candlestick i.e. a loss of $17). The <span style="font-weight:bold;">700</span> share position finished with a <span style="font-weight:bold;">+$3,052</span> (<span style="font-weight:bold;">+33.5%</span>) profit. The gains were enough to give a net positive return for August (<span style="font-weight:bold;">+2.5</span>% per trade)<br /><br /><img src="http://blog.fallondpicks.com/images/LWAYOct16.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><br /><div align="center"> <a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.awltovhc.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-4598062123324765296?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-54976870779031318172007-10-15T14:09:00.000-07:002007-10-15T14:10:25.382-07:00A busy day for the Collective2 portfolio. One play which I forgot to publish last week was the brief 1-day fling for Genomic Health (<span style="font-weight:bold;">GHDX</span>). The <span style="font-weight:bold;">500</span> share lot closed for a <span style="font-weight:bold;">-$495</span> (<span style="font-weight:bold;">-4.8%</span>) loss which was a frustrating loss as I looked to increase equity exposure. The three hits for today produced mixed results:<br /><br />Allion Healthcare (<span style="font-weight:bold;">ALLI</span>) did not release any news but the stock jumped 5% on heavier volume in the absence of news. Unfortunately, the stop was hit on the initial break of support. The 1,400 share play closed for a <span style="font-weight:bold;">+$252</span> (<span style="font-weight:bold;">+2.8%</span>) profit - but today's exit was a fakeout.<br /><br /><img src="http://blog.fallondpicks.com/images/ALLIOct15.png"/><br /><br />The second stock, ClickSoftware Technologies (<span style="font-weight:bold;">CKSW</span>) is set to release earnings on October 31st. But a second day of gains saw the stock tag resistance (and therefore hit its target), for a <span style="font-weight:bold;">+27%</span> gain, or a <span style="font-weight:bold;">+$2,780</span> gain on a <span style="font-weight:bold;">2,000</span> share lot. <br /><br /><img src="http://blog.fallondpicks.com/images/CKSWOct15.png"/><br /><br />Finally, there was a loss for Amicus Therapeutics (<span style="font-weight:bold;">FOLD</span>). Although there was no news released on the day, the stock fell back to undercut what looked to be reasonable support. The stock was a morning buy but an afternoon sell. The <span style="font-weight:bold;">500</span> share position closed for a <span style="font-weight:bold;">-$305</span> (<span style="font-weight:bold;">-3.4%</span>) loss. <br /><br />Five positions remain in the portfolio. <br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-5497687077903131817?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-31952476127426119222007-10-01T12:37:00.001-07:002007-10-01T12:37:30.918-07:00The market breakout has turned negative on gold stocks. The stock was entered on the premise of a bounce off the 50-day MA to go test (and break) $7.00 resistance. U.S. Gold (<span style="font-weight:bold;">UXG</span>) cut below $6.25 support and its 50-day MA, to run into its stop and close the 1,300 share position for a <span style="font-weight:bold;">-$403</span> loss (<span style="font-weight:bold;">-4.92%</span>). <br /><br /><img src="http://blog.fallondpicks.com/images/UXGOct1.png"/><br /><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><br /><div align="center"><a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.ftjcfx.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3195247612742611922?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-15975189492614705262007-09-24T09:53:00.000-07:002007-09-24T09:54:04.338-07:00Auxilium Pharmaceuticals (AUXL) undercut $21 support intraday, hitting its stop in the process. The <span style="font-weight:bold;">400</span> share position closed for a <span style="font-weight:bold;">-$592</span> (<span style="font-weight:bold;">-6.7%</span>) loss. <br /><br /><img src="http://blog.fallondpicks.com/images/AUXLSep23.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-1597518949261470526?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-25078956846972034792007-09-07T15:53:00.001-07:002007-09-07T15:53:35.437-07:00This was a short lived play - entered on the bullish hammer which marked the supposed positive backtest of support, but exited on the break of this support. The hammer should have perhaps been ignored given it didn't occur at an oversold stochastic - I went with price action over the technical read and was caught out. Back to the watch list it goes. The <span style="font-weight:bold;">1,500</span> share lot closed for a <span style="font-weight:bold;">-$600</span> (<span style="font-weight:bold;">-5.82%</span>) loss. Equity exposure is again back to 10% with cash at 90%. After Friday's losses and indices struggles at the 50-day MAs it could be back to the drawing board for this rally (although it is still intact). <br /><br /><img src="http://blog.fallondpicks.com/images/ESMCSep7.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div> <br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-2507895684697203479?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-30018737090564397402007-08-24T14:17:00.000-07:002007-08-24T14:18:04.331-07:00Although I liked recent market lows as a buying opportunity, it has proven hard to stay in a position without allowing for the level of volatility present in the markets. Both of the stocks exited may be worth a second look over the coming weeks, but both are no longer part of the portfolio - leaving it 15% equity and 85% cash, down from 33% equity. <br /><br />American Superconductor Corp (<span style="font-weight:bold;">AMSC</span>) finished with a low volume bullish doji - but intraday lows were enough to exit the <span style="font-weight:bold;">500</span> share position for a painful <span style="font-weight:bold;">-$975</span> (<span style="font-weight:bold;">-9.22%</span>) loss:<br /><br /><img src="http://blog.fallondpicks.com/images/AMSCAug24.png"/><br /><br />Universal Insurance Holdings (<span style="font-weight:bold;">UVE</span>) reversed the mini-breakout, bringing the stock back to triangle support. I had ran a tighter stop than the one from my newsletter, closing the <span style="font-weight:bold;">1,400</span> share position for a <span style="font-weight:bold;">-$434</span> loss (<span style="font-weight:bold;">-5.05%</span>):<br /><br /><img src="http://blog.fallondpicks.com/images/UVEAug24.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3001873709056439740?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-24558374900325687862007-08-21T13:29:00.000-07:002007-08-21T13:30:21.917-07:00Advanced Battery (<span style="font-weight:bold;">ABAT</span>) clipped its protective stop as the stock made a positive test at 50-day MA support - but confirmed a loss of its earlier break of $2.96. The <span style="font-weight:bold;">2,000</span> share position closed for a <span style="font-weight:bold;">+$180</span> (<span style="font-weight:bold;">+3.3%</span>) profit:<br /><br /><img src="http://blog.fallondpicks.com/images/ABATAug21.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-2455837490032568786?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-57857225550056850752007-08-15T21:16:00.000-07:002007-08-15T21:17:12.569-07:00After Tuesday's sell off I tightened stops on the two remaining positions. One of those stops was hit today. Cisco (<span style="font-weight:bold;">CSCO</span>) was exited for a <span style="font-weight:bold;">+$300</span> (<span style="font-weight:bold;">+3.46%</span>) profit on a <span style="font-style:italic;">300</span> share position. The breakout gap may yet hold as support, but my concern was triggered by the relative ease at which $31 support was lost.<br /><br /><img src="http://blog.fallondpicks.com/images/CSCOAug15.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-5785722555005685075?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-27387656082019245052007-08-09T10:15:00.001-07:002007-08-09T10:15:43.045-07:00There have been a couple of changes since the market swoon to the extent there are two positions left standing (11% equity exposure, 89% cash). I will be looking to ramp up equity exposure over the coming days. But below are the positions which were exited over the last couple of weeks:<br /><br />Ascent Solar Technologies (<strong>ASTI</strong>): My initial impressions for a fresh base have morphed into something larger. The stock is trading in quiet action around the $7 mark and should see some support at the newly formed 200-day MA. The <strong>500</strong> share position closed for a <strong>-$280</strong> (<strong>-5.93%</strong>) loss: <br /><br /><img src="http://blog.fallondpicks.com/images/ASTIAug9.png"/><br /><br />Devry Inc (<strong>DV</strong>) has chopped around the $33-36 range but has managed to hold the bulk of May gains. The initial position I attempted was stopped out after the first break of $36 failed. The 200-day MA / May gap lows beckons. The <strong>300</strong> share position closed for a <strong>-$348</strong> (<strong>-3.26%</strong>) loss :<br /><br /><img src="http://blog.fallondpicks.com/images/DVAug9.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><br /><div align="center"><a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.ftjcfx.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-2738765608201924505?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-9124603749995428052007-07-24T13:16:00.000-07:002007-07-24T13:17:08.060-07:00The prior increase in equity exposure from 20% to 40% is no more. Gmarket Inc (<strong>GMKT</strong>) sliced through the stop price to exit the 400 share lot for a <strong>-$492</strong> loss (<strong>-4.9%</strong>). Three positions remain in the portfolio with a combined equity exposure of 30% (70% cash). <br /><br /><img src="http://blog.fallondpicks.com/images/GMKTJul24.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Colletive2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-912460374999542805?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-48707527248420271482007-06-26T18:49:00.001-07:002007-06-26T18:53:23.000-07:00The final position in the portfolio was sold after a close below the most recent reaction low. OMNI Energy Services looks like it will test the 50-day MA, to coincide with oversold stochastics and possible 'buy' trigger (a decent bounce opportunity). The <span style="font-weight:bold;">1,000</span> share lot closed with a <span style="font-weight:bold;">+$1,470</span> profit (<span style="font-weight:bold;">+15.15%</span>).<br /><br /><img src="http://blog.fallondpicks.com/images/OMNIJun26.png"/> <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-4870752724842027148?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-63030764880511950262007-06-25T14:48:00.001-07:002007-06-25T14:48:57.227-07:00Another stop hit as LJ International (<strong>JADE</strong>) broke through rising support and the 50-day MA. It has been a scrappy last couple of months for the portfolio - saved by the relatively low equity exposure but underpeforming relative to the S&P. Only one stock remains (OMNI Energy: <strong>OMNI</strong>). The <strong>800</strong> share lot closed for a loss of <strong>-$560</strong> (<strong>-6.0%</strong>): <br /><br /><img src="http://blog.fallondpicks.com/images/JADEJu25.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-6303076488051195026?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-71952502367329386622007-06-21T14:23:00.001-07:002007-06-21T14:23:33.914-07:00InnerWorkings Inc. (<strong>INWK</strong>) made a minor break of support and may develop a more substantial pullback (on what looks to be low volume). For the purposes of my Collective2 portfolio the <strong>700</strong> share position was closed out for a <strong>+$1,533</strong> profit (<strong>+15.9%</strong>) - alleviating some of the damage done by the NetList (<strong>NLST</strong>) trade. Equity exposure for this portfolio has been reduced to 23% as a result. <br /><br /><img src="http://blog.fallondpicks.com/images/INWKJune21.png"/><br /><br /><strong>To Subscribe to these signals click the performance chart below</strong>:<br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-7195250236732938662?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-39605969326926031562007-06-20T13:44:00.000-07:002007-06-20T13:45:00.361-07:00Heavier volume selling has pushed the indices out of their 3-day comfort zone. I have used this as an opportunity to raise stops for the 3 existing positions in the Collective2 portfolio. <br /><br />Inner Workings (<strong>INWK</strong>) has set up a good swing trade opportunity given the narrow range the stock has traded over the past couple of days. The stochastic 'sell' trigger is weakened somewhat by the strengthening bull trend (ADX is on the rise). This could result in a head fake down before the upward trend resumes, but I am not taking this risk and have tightened the stop according to recent day's support. <br /> <br /><img src="http://blog.fallondpicks.com/images/INWKJune20.png"/><br /><br />LJ International (<strong>JADE</strong>) I have seen mentioned in a couple of blogs of late - including a <a href="http://videoplayer.thestreet.com/?clipId=1373_10362521&channel=Good+Life&cm_ven=YAHOO&cm_cat=&cm_ite=&puc=yahoo&ts=1182371489546">Wallstrip</a> piece. The stock was one of the few winners on the day as it worked itself off support. I have maintained the original stop but looking for a more substantial drive past resistance. <br /> <br /><img src="http://blog.fallondpicks.com/images/JADEJune20.png"/><br /><br />OMNI Energy Services (<strong>OMNI</strong>) has retreated back to a support level of a potentially bearish rising wedge, but the stock has a nicely positioned weekly picture (accumulation has been on the rip). If OMNI is at support there should be a bounce tomorrow. <br /><br /><img src="http://blog.fallondpicks.com/images/OMNIJune20.png"/><br /><img src="http://blog.fallondpicks.com/images/OMNIweek.png"/><br /><br />For disclosure purposes I bought <strong>JADE</strong> at $11.51 the day after I featured it in the portfolio and had owned <strong>OMNI</strong> until an overzealous stop left over a $1 a share on the table (based on my Collective2 stop). My funds didn't stretch to owning <strong>INWK</strong>. <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3960596932692603156?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-30262700666905988972007-06-12T17:56:00.000-07:002007-06-12T17:58:05.586-07:00The last six plays have all closed for losses, turning May and June into disappointing months. However, the most recent loss from Netlist (<strong>NLST</strong>) was unfortunately the greatest. It is unclear as to whether the low of the day was $2.81 or $3.00 - but the point is mute given Collective2 has registered it as a stop sale. The <strong>2,000</strong> share position closed for an unwelcome <strong>-$1,039</strong> (<strong>-15%</strong>) loss. This is the third play of 117 to register a loss greater than $1,000. Two positions remain, bringing the equity exposure down to 20%. Cumulative losses for the last six picks stands at <strong>-$2,760</strong> with <strong>+$2,284</strong> held in unrealized gain. <br /><br /><img src="http://blog.fallondpicks.com/images/NLSTJun12.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Colletive2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><br /><div align="center"><a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.ftjcfx.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3026270066690598897?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-57562943187984443342007-06-08T18:38:00.001-07:002007-06-08T18:38:15.506-07:00Disappointing to see this position exited on the lows of the day given the subsequent bounce in this stock (and the market as a whole). However, the original tenet for the position no longer looks valid after the break - and loss - of $41 left a bull trap. A push above $42 would be needed to negate the bull trap. The <strong>200</strong> share position closed for a <strong>-$563</strong> (<strong>-6.8%</strong>) loss. <br /><br /><img src="http://blog.fallondpicks.com/images/ARIIJune8.png"/> <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-5756294318798444334?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-22728973879759167902007-06-07T13:31:00.001-07:002007-06-07T13:35:35.736-07:00The June 1st Breakout turned out to be a bull trap, breaking below the most recent reaction low on Thursday's close. The <strong>200</strong> share position closed for a <strong>-$273</strong> loss (<strong>-3.7%</strong>). Four positions remain in the account with a 32% equity exposure based on a $100K account. The recent underperformance of this account has to do with the sizable cash position held - but if the market drops hard from here it should leave the account relative unscathed.<br /><br /><img src="http://blog.fallondpicks.com/images/REPJun7.png"/> <br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-2272897387975916790?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-12460808865420563232007-05-24T13:33:00.000-07:002007-05-24T13:34:01.637-07:00It was a short trip for this play. The risk was low given the proximity of the most recent reaction low, but Thursday's substantial market correction was enough to turn this into a half-a-day deal. The <strong>500</strong> share position closed for a <strong>-$379</strong> loss (<strong>-4.1%</strong>).<br /><br /><img src="http://blog.fallondpicks.com/images/AVRMay24.png"/> <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><div align="center"><a href="http://www.tkqlhce.com/click-1800568-10468651" target="_top"><br /><img src="http://www.ftjcfx.com/image-1800568-10468651" width="468" height="60" alt="" border="0"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-1246080886542056323?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-36614257690572764342007-05-16T00:18:00.001-07:002007-05-16T00:18:35.230-07:00China Expert Tech (<strong>CXTI</strong>) released <a href="http://biz.yahoo.com/prnews/070514/lnm509.html?.v=2">earnings</a> which put a serious damper on the stocks advance. The April 25th play hit a raised stop to close the <strong>800</strong> share position for a <strong>-$279</strong> loss (<em><strong>-4.6%</strong></em>). <br /><br /><img src="http://blog.fallondpicks.com/images/CXTIMay15.png"/><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3661425769057276434?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-38719245960231519902007-05-10T13:31:00.001-07:002007-05-10T13:31:45.164-07:00Finally, a day of selling hits the markets. I will be watching for <a href="http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1399335">Richard Lehman's </a>updates to see what price channels are forming. Unfortunately, it was the Russell 2000 which received the biggest blow, destroying much of the work bulls had done to set the index up for a potential breakout.<br /><br /><img src="http://blog.fallondpicks.com/images/RUTMay10.png"/><br /><br />The Trade Ideas scan just crossed the bearish side of the fence - not too bad considering the level selling reflected in the indices; the top 8 picks came in at <strong>11 minutes</strong> (I consider anything above <em>10 minutes</em> for this indicator as bearish), while there were only 3 picks on the "20-appearance list": Post Properties (<strong>PPS</strong>), Vicon Industries (<strong>VII</strong>), and ProAssurance group (<strong>PRA</strong>) <br /><br />The selling resulted in another exited position for my Collective2 portfolio, leaving just two positions in play (15% equity: 85% cash). Cenveo (<strong>CVO</strong>) cut below tight support derived from April's tight trading; this resulted in the exit of a <strong>400 share</strong> position for a <strong>-$227 loss</strong> (<strong>-2%</strong>).<br /><br /><img src="http://blog.fallondpicks.com/images/CVOMay10.png"/><br /><br /><a href="http://blog.fallondpicks.com/2007/04/how-to-get-my-trade-signals.html">Get these trade signals delivered to your email address</a>. <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-3871924596023151990?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-1255988820973219482007-05-04T15:07:00.001-07:002007-05-04T15:07:33.754-07:00Another Trade Ideas pick reached its 6% target. The 100 share lot closed for a <strong>+$419 gain</strong>. Equity exposure in the portfolio has been reduced to 27% from 44% in light of a market (the Nasdaq primarily) which looks to be slowly rolling over. The March-May gains have been good but it looks like it is time to turn cautious once more. <br /><br /><img src="http://blog.fallondpicks.com/images/LNCMay4.png"/><br /><br />The Trade Ideas scan picked up its buying pace from yesterday's sluggish action. The top-8 picks covered <strong>2 minutes</strong>. A "20-appearance" list would have covered almost <em><strong>4 hours</strong></em> (stocks not shown)<br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-125598882097321948?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-6530960020037556882007-05-02T14:44:00.001-07:002007-05-02T14:44:33.610-07:00Black Hills Corp (<strong>BKH</strong>) was another Trade Ideas 3:1 risk play on a 2% stop. The last four days have seen strong volume with increasing bullish strength. Bullish momentum could see it test a projected target of $43.50 but for my purposes the trade is considered exited. The <strong>300 shares</strong> closed for a <strong>+$681</strong> profit.<br /><br /><img src="http://blog.fallondpicks.com/images/TradeIdeasMay2nd.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-653096002003755688?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-77743505673510848692007-04-30T15:04:00.000-07:002007-04-30T15:05:21.941-07:00Unfortunate break of 3-week support after the stock had initially managed to break $10.25 resistance. Stochastics had weakened through the 3-week consolidation and are not oversold enough to suggest the downside is done. The 50-day MA is looking like a logical support level. The <strong>600</strong> share lot closed for a <strong>+$612</strong> (<strong>12%</strong>) profit.<br /><br /><img src="http://blog.fallondpicks.com/images/EVCApr30.png"/><br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-7774350567351084869?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0tag:blogger.com,1999:blog-1334979488515382258.post-8837139817426753512007-04-27T15:53:00.001-07:002007-04-27T15:53:17.842-07:00I was perhaps a little over zealous raising the stop in order to minimize some of the risk. The stock did little to alter its current consolidation but did enough to hit the stop I had set. The <strong>300</strong> share position closed for a <strong>-$11 loss</strong>.<br /><br /><img src="http://blog.fallondpicks.com/images/IMApr27.png"/> <br /><br /><div align="center"><a href="https://www.collective2.com/cgi-perl/systems.mpl?want=subscribe&systemid=16054184&session=535714197398885444183947438923628"><img src="http://www.collective2.com/images/charts/equitychart16054184.png" width="400"/></a></div><br /><a href="http://technorati.com/tag/Collective2" rel="tag">Collective2</a> <br /><a href="http://technorati.com/tag/Stocks" rel="tag"></a> <a href="http://technorati.com/tag/401K" rel="tag"></a> <a href="http://technorati.com/tag/Investments" rel="tag"></a> <a href="http://technorati.com/tag/Retirement" rel="tag"></a> <a href="http://technorati.com/tag/Investment" rel="tag"></a> <a href="http://technorati.com/tag/Money" rel="tag"></a> <a href="http://technorati.com/tag/Stock" rel="tag"></a> <a href="http://technorati.com/tag/Trading" rel="tag"></a><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1334979488515382258-883713981742675351?l=collective2.fallondpicks.com%2Findex.html'/></div>Declan Fallonnoreply@blogger.com0