Once in a while, we look at our portfolio and decide which ones are worthy of keeping and which ones just need to be off the list. Last couple of days gave us a peak into what we wanted to change. There are some choices that are obvious and others are just in the wait and see camp. Now on to some stocks..
AZZ, this is probably a very good action given the low volume and next to no dmg kind of a pullback. We are keeping eye on any kiind of momentum to chase it higher.
SYX, it was really fun while it lasted. There's a very good likelihood that this play may be over, along with the IBD thing. We are definitely not playing the bounce since we are only into making "easy" money.
EDU, earning is looming and if you happened to get a few while it's around $24, it may not be a bad idea using the strength to lighten up some.
BVX, Demi mentioned it in the chat earlier with regard to the supply news with BSX. After observing it for a few hours, we decide that it is very obvious that people like this news and may put this one in play. We bought some today and will likely add if it holds up. This action does look like a signal of the beginning of a runup. As to how far it can run up? At this point we don't know and we don't care. As we always say, we'll trade it accordingly.
TRT, did anyone see where the pullback stopped today? We noticed it was around $13.25, where that big block occurred a couple of days ago. It could be coincidental or it could be the fact that it's when we started to put our bids in. This is very much a real deal and volume and action suggesting this play is not over, by any means.