Monday, March 20, 2006

STOCK PICKS FOR WEEK OF MARCH 10

FOR THOSE OF YOU STILL IN DXPE , CONGRATULATIONS. I SOLD OUT MOST OF MY POSITION AROUND $28.STILL FOR THOSE GETTING IN AT UNDER $20 PER MY RECOMMENDATION, THATS A PRETTY 50% GAIN. GOOD JOB !

Now for my picks for this week. After reviewing the markets and checking the indices I feel these are some of the stocks we need to be looking into.

CMG - Stock has pulled back on relatively light volume compared to huge increased volume on 3 day run up. $50 is an excellent buy in point. I don't see a downside of more than $2-3 . Keep stops right under $47.

IFO - Stock has pulled back slightly after run up to close to $12 last Friday. Stock is a Great buy under $11 and we will keep a stop at $9.70. This stock has an easy $5-10 upside short term and I would not take any money of the table before the stock hits $15 atleast.

TFSM - Now here is a stock ready to explode upwards. Momentum is building and we could easily see $15-20 very short term. I recommend a buy at around $10 ( 52 week high) and watch this stock soar. Stops need to be placed right below $9.

ICE - Stock has been volatile but I feel we will clear the 52 week high at$72.20 before running on past $80. Buy with a stop at $67.50. Sector as a whole has been RED HOT.

BUD - Yes go ahead laugh at me. Stock has made a double bottom at $40.15. Once we take out $44 I feel we should see $48 very shortly. Smart money has been pouring into this stock with the rate hikes and all. Place protective stop at $40.15.

ACAD - Stock has bounced of support at around $14.50. Buy in and place stops right below $14.00. Look for a ride up beyond 52 week highs of $17.94 set last week. Momentum is on ourside.

A quick update on our previous picks.

TKC is holding up nicely . Middle East markets have been rocked the past few weeks falling as much as 25% .In the face of all this TKC has barely flinched. Once the markets clear up TKC willclear 52 week highs at $19.60.

AAPL is a bust. I am out of this stock and so should you. The stock is out of steam.

SNDK - same as above.

OTIV - Stock is forming a nice base at around $15. Should move past 52 week highat $17.26 in the very near future.

CRED - I don't know what to make of this stock. But atleast it has not broken $20. Hang in there. We will see a move to the upside. This reminds me of DXPE.

DXPE - Take half of the table. 50% gain here folks. Lets not get greedy.

TRAD - Hope you guys take half off the table when this stock cleared $17. I think this is a good time to get back in with stops at $ 13.67.

Thats all folks. Happy hunting .

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