NRG – An energetic buy on this dip.
This pick is to my colleague and friend David! YOU ASK – YOU GET! 😉
Sorry for not being able to posting more ideas. Got stuck up with some personal knowledge build up and More importantly wasn’t going LONG on any stock these last days. Did not want to post the short trades after that experience a few months back on shorting.
Have been trading TGIC, GOOG, NZ, MPEL, RIO, FSLR, FFHL, and AAPL on the BUY side
CML, CISG, CFC, ETFC, NMX, MER, HLYS , NPSP to the short side.
On a buy side trade I do this :
Buy the stock when it is down on the day and then sell it around the market close.
Trading on the Short side :
Shorting the stock on strength on market open or a few minutes into trading and then covering it before the close of bell.
Best trades have been with going with buying trades with TGIC, and GOOG and FFHL.
With going short best trades have been CML, CFC and NMX.
OK I know, knowing this whole thing ain’t gonna make you a single BUCK. I didn’t post any of these on the blog coz these trades have to be done precisely and with utmost care and I don’t want you to find yourself on the wrong side of the trade. A BUY trade can turn into a SELL trade in a few minutes and I don’t want the readers to get confused or caught up on the wrong side of the trade!
So what do we have now:
I know this market has not got enough to stabilize even here. I’m sure we are going down some more. But you can bet on NRG. Though, probably going long on NRG after moves above the 200 day Moving average would be wise.
I’m going long NRG tomorrow. But want you people to buy it when it closes above $40.25
Great company , great sector, most importantly recession ain’t going to put a stop on this thing! beaten down too much…good time to get aboard. This one will be a BULL’s EYE HIT.