Picks for December 12, 2007

By Jason Wall - Daily Online Trading Picks

Tuesday Wrap-up:

Uranium stocks were up nice during the day...that is until the Fed came out with their "decision". After that, not too many stocks held up very well. That is except for UUU.TO. Uranium One closed 2% higher...that was incredible. I think all on comments from Raymond James that the target for UUU.TO is $16.00. With UUU.TO trading at just over 9.00 the risk/reward is pretty good.

Wednesday's BUYS:

URANIUM STOCKS - I am still on board for some swing trades on Uranium stocks. The following are uranium stocks that I am tracking:

UUU.TO, DML.TO (DNN), MGA.TO, PNP.TO, USU, CCO.TO (CCJ)


Wednesday's SHORTS:

Financials: In general, today only for now, financial stocks might be a good short play.

CFC (Countrywide Financial)

Airlines: Because of the high oil prices, these maybe a good short today. Just don't short Westjet Airlines.

Remember, shorts would be daytrade only...

That's it for now...

Good trading to everyone...


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About the Author: Jason Wall owns and runs various web sites and is also a daytrader.

Source: Daily Online Trading Blog