Thursday, July 30, 2009

Taking Stock: Surprises

The market seems to be full of surprises these days. I'll take an upside surprise any day fo the week, though. I was thinking a much bigger pull-back, but maybe not.

Looking through the S&P 400 Midcap index for some trades. Was also looking at GP Strategies (GPX) and American Greetings (AM) for some short-term trades with ATR stops. I'm also watching Hexcel (HXL) for a potential volatility squeeze, like with B/E Aerospace (BEAV), which the two are a part of my longer term positions and are closely related. I was also looking at Covance (CVD) as a possible trade, along with Hospira (HSP).

Just when I thought the volatility squeezes were over, I start seeing more of them.

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