Picks for December 19, 2007

By Jason Wall - Daily Online Trading Picks

Tuesday's Wrap-up:

TIM.TO - bounced off of 17.00 and then tanked. A short at $17.00 would have been good. A cover at $16.00 would have left money on the table if daytrade, but swing trade would have been nice.

Wednesday's BUYS: (if market is up)

UUU.TO - looks like this stock has some stability the past two days. Might be a good play if the market is up on Wednesday.

ASX.VN - Nice possible reversal. Penny stock, but has some good potential in the next two days.

TVC.VN - This stock had a nice pop at the end of the day. Might be nice day trade.

DIT.VN - (penny stock), but has potential right now for swing trade.

Many of the commodity stocks are over sold and might be a good day trade or swing trade.

Heads up: With Options expiring on Friday, be careful on your swing trades. Wednesday and Thursday should be up days, but Friday...who knows. Friday could be volatile.


Wednesday's SHORTS:

TIM.TO - something is happening with TIM so cover the shorts on this one if you have them.

Financial's like CFC (Countrywide Financials) are looking weak

ODP (Office Depot) another weak looking stock.




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