My Trading Radar

"If it looks like a bear, and smells likes a bear, and acts like a bear, then it is a bear." That's one comment I received in an email from a smart reader this morning. I've been receiving a number of those kind of emails lately, for what it is worth.

I'm doing my best to stay out of this nasty battle, even though it sure isn't easy. Recently I've tried to do more than rent a stock for a few hours, and once again I pay the price for doing so. I had to bail on every position currently owned in my trading portfolio this morning as my stops were hit. As I've commented before, I'm tired of grinding out profits in short-term roundtrip daytrades, but Mr. Market is under no obligation to bend to my will. So, once again I learn the lesson - if you've been lucky to see any profit in this tape, don't waste time taking it because it won't last long.

Stocks on my trading radar this morning include ORCT, LANV, LCRD, NICE, MOSS, UGI, CLCT, GGR, USG, MDR, STEM, CIG, BXG, IPMT, INFY, CUNO, LEXR, & WYNN. But, like yesterday, unless something new and interesting pops up, I'm happy being on the sidelines.