Picks for December 6, 2007

By Jason Wall - Daily Online Trading Picks

BUYS:

TIM.TO (Toronto Stock Exchange) - Daytrade - Try to get in at 16.60 in the morning and sell at just over 17.00. Maybe 17.10.

UUU.TO (Toronto Stock Exchange) - Swing Trade - Could buy on pullback in the AM at around 8.50 and could sell at just over 9.00. It could get to over $9.00 today, tomorrow or Monday so this will be a swing trade. A second target price would be $9.25.

SHORTS:

TIM.TO - (Toronto Stock Exchange) - Daytrade - after a sell on TIM.TO at just over 17.10, a short sale may be in order. Should only short it if it stays below $17.20. Cover at around 16.50 if you are daytrading. This may be a good swing trade as well, but I do not short swing trades.

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