Picks for December 11, 2007

By Jason Wall - Daily Online Trading Picks

Monday Wrap-up:

Results again were mixed on Monday with Uranium stocks. Some Uraniums were up, others were down a bit. But the general trend is up.

Tuesday'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)

I am still holding on until I see a reversal.

UUU.TO has a target price now from Raymond James of around $16.00. It is now trading at just over $9.00. That is some pretty good upside and a great risk/reward trade.


Tuesday's SHORTS:

NONE: I am still uncomfortable with shorting stocks right now with the fed decision today.

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