5/17/2006

Stocks with extreme volume






CCL, Carnival Corp guides down and takes a tumble. It has been in down trend for some time. This might be the bottom offering potentially low risk entry if you are value oriented buyer.

NBIX, Neurocrine Biosciences had problem with getting its sleep drug approved. It is down 62% in a day. The biotech sector is always tricky sector to invest in because of such external risks.

HOM, Home Solutions Of America is one of my holdings. It just announced earnings. Keep a close eye on this for potential entry on pullback or if it forms a base. It is up around 846% for the year. These are the kind of stocks I like and my system tries to identify them early enough.

MED, Medifast Inc is another holding and had a recent good earnings announcement. It is up 460% for the year. There are many people who advocate not holding stocks close to earnings. It all depends on your entry price, risk tolerance and size of position. Above all confidence in your own trading system.

CCL,Carnival Corp
DOVP,Dov Pharmaceutical Inc
HOM,Home Solutions Of America
MED,Medifast Inc
NBIX,Neurocrine Biosciences
RHR,RMR Hospitality and Real Estate Fund

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