PICK'S FROM A
CHAMP
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FOR
END OF BUSINESS DAY
OF 3 June
2005
TABLE
OF
CONTENTS
SECTION
I: STOCKS
--------------------------------
SECTION
I: STOCKS
1) STOCK PICKS
FROM A CHAMP
*****
I sold LKQ Corp (
LKQX
) and Diodes Inc(
DIOD
) on the same day
because I beleived
these stocks would go
down. Both of these
stocks had an opening
above the previous
days high with a down
close. This sends a
message to me that
the prices will go
down. The problem is,
you don't know how
far down, a little or
a lot.
Lets take a look
at LKQX.
On May 27th the
opening was higher
than May 26th high
and May 27th had a
lower close from May
26. This is an over
bought stage. It's
possible the stock
could go up later but
I know the price will
go down now so I'm
going to take my
money now.
Now lets take a
look at DIOD.
On May 31st the stock
opened higher than
May 27th high then on
May 31st the stock
closed down from May
27th. Again.... this
is an overbought.
Notice how far it
dropped. It dropped
so much that the
media took notice of
this stock and said
it was due to a
change of a comapny
CEO which occured on
the day the stock
fell. This is ed
a load of crap. The
media has no idea
what they are talking
about. They are just
grabbing at straws to
justify the stocks
action.
Next week I'll be
looking at more
buys.
If you want
me to do the trading
for you sign up for
my stock commodity trading
service
New and now
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2) WHAT I HAVE UP
FOR SALE *****
SWN $62.49 STOP
GTC
Why? This is
ed a protective
stop. Helps me from
losing my shirt.
3) MY CURRENT
POSITIONS *****
My
current holdings as
of 3 June
2005
|
TICKER
|
DATE
BOT
|
PRICE
BOT
|
CURRENT
PRICE
|
%
GAIN /
LOSS
|
|
SWN
|
26
MAY
05
|
69.34
|
72.44
|
4.470
|
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