Congrats to longs in GROW and SMSI

By Brett Goldstein on Mar 27, 2007

I put up the Grow and SMSI chart up early this month. SMSI is making new highs as I type this. Congrats to all who got into both of these stocks. Hope you are making some money. I put a lot of picks up here and now and then some are wrong, but as long as you get more right then wrong, then you should be making some money.

This entry was posted on Tuesday, March 27th, 2007 at 6:47 am and is filed under Annotated Analysis. You can skip to the end and leave a response. Pinging is currently not allowed.

7 Responses to “Congrats to longs in GROW and SMSI”

By s.lee on March 27th, 2007 at 7:06 am

thanks for GROW.
now I just have trouble finding a decent LT exit.

By Space4u2go on March 27th, 2007 at 7:20 pm

Is this a good point to short GROW if it breaks below 52?

By Anonymous on March 27th, 2007 at 7:44 pm

Hey space4u2go…. To tell you the truth Grow did what i thought it would do today. Went down to an intra day low and recovered. If you look a few months back when Grow acted like this by gonig up 14 pts without a pull back it did the same thing. Im not going to Bullshit you and say short it if it breaks 52 becuase I really dont know with this stock. I see a lot of support at 52. If it breaks 52, a short would be a good idea, BUT BE CAREFULL. As you know this stock could hit 51.50 again, take your short and ride up 7 pts. So if you are going to short it have an escape plan. Please!. When I first started trading I never had an escape plan and got burned sometimes. Watch the stock. if over the next few days it holds this price level I will probably go long again. Anyways look to short CAL, and look to go long in JSDA, SMSI, GIGM, TSL, AKAM…..Some of those stocks might have to pull back a little bit before a better entry point is shown but should treat you well. Take Care

By Brett on March 28th, 2007 at 8:06 am

hey space, what did you decide to do? I hope my advice helped. It was kinda on target

By CL on April 2nd, 2007 at 4:48 pm

Hi Brett, any short-term prediction of the trend for GROW? It’s up a nice 10% today. Should we see upside or downside?

By Brett on April 2nd, 2007 at 6:27 pm

Hey CL, right now GROW is trading 25ish-28ish. I sold half my position that I bought on FRI today at 27.43. If it stays in this range then its going back to 25ish or so. If I were you I would try and play this range OR if you bought this stock when i mentioned the trend line pre split 36ish then you should be up nicely. You can sell half and let the other half ride. IF the stock decides to tank then it will have to go down like 40 pts just for you to break even because you will have half the shares on the way down compared to on the way up from 36…..Take a look at FSLR, IIG, JSDA, WBD, NTRI. Also if you have the stomach you can try JST…I will post some charts up later. Did you get into JST or JSDA at all? Hope this helped.

By CL on April 2nd, 2007 at 7:12 pm

I totally missed JST and JSDA. They are both up nicely today!! JST what an intra-day ride.. down then up big after the news hit. That is a huge swing.

I am looking forward to adding JSDA and JST from here. Can they possibly be a long-term hold say 6 months at least? I am picking stocks to add to my 401K portfolio and I want to be very careful. I don’t want to mess up my retirement money. Could you please post those charts? I’d like to see the trend is strong enough, and I want to see a strong conviction. Thanks.

One more thing, is IIG on the breakout now?

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