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That is the way to start the week off well! A solid day of gains fueled by RIM’s (RIMM) release of the new 3G Blackberry. Volume was below average so this isn’t the rally confirming day we were looking for, but it was a great day none the less.

I hope some of you took my advice and got into either AAPL or EXM as they advanced 2.57% and 11.89%. The IBD 100 has been outperforming the market by a good bit these days so that gives me hope that the market is just building up and getting ready to shift into high gear so we can see some more gains.

If oil continues to retreat a little, I think we will see another day of big gains, especially in tech. Have a good night everyone!

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Financials and oil. That’s the story. Oil hit $126 and AIG posted a big loss this quarter keeping investors weary and dragging down the market on Friday. That is the bad news. The good news is that if you stay away from companies like Fedex (FDX) where fuel prices kill profits and all these banks that are posting huge losses, you can make money.

Watching the tape on Friday, some stocks caught my eyes. The main one was RIM (RIMM). I think we could be looking at a market leader if the bulls can get hold of things. I’m not going to go into too much detail because I will do a stock pick on it soon, but it is at the top of a cycle and could possibly break through on Monday. So, we will see what happens but just watch it and I can tell you right now, if it breaks through $137 on high volume, BUY!

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Along with worrying about your buy and sell price, watching your stock all day as it goes up and down is another vice to the new investor. This one I still struggle with. Whenever I am holding a stock, I tend to watch the stock all day. The worst is when you have a blackberry or some phone with internet because it is so easy just to hit refresh.

I think this is a bad habit. It eats up time in a day where you could be reading a book or doing work. Stocks are going to flucuate in a day and the only thing that matters is that your stock goes up overall in the time you hold it.

I recommend that you simply check your stock a couple of times while the market is open, but otherwise, do all your research and analysis when you have to think things through and wait for the morning to take action. This will help keep your actions objective and will make you a better investor. Don’t consume your day with worry if you have a down day or your stock gives up gains it has made. If you do your homework and find a good stock, it should go up overall and you shouldn’t have to worry at all.

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My current longs are (with links to when I picked them here):

• Apple (AAPL) - bought 4-21-08
• Excel Maritime Carriers (EXM) - bought 4-21-08
• Nvidia (NVDA) - bought 5-5-08

I bought as close to $1000 as I could get in each. At this moment, here is my gain/loss:

• AAPL - $120
• EXM - $137
• NVDA - $35

Overall, I am up almost 10%. Now, don’t take this as me bragging. That is not at all what I am trying to do. I just want to be open with my readers so they know what I am holding, when I bought it, and what I still think of it. So, here are my wrap ups on these stocks:

• AAPL - Everything looks great with Apple. Cup and handle chart pattern formed, earnings were good, and the stock continued to break out and march higher. If you aren’t in AAPL, you still have time. I honestly don’t know how high it will go, but I am pretty sure it will test the $200/share level again.
• EXM - This stock I bought due to an enormously high volume breakout of a sideways trading range. It has performed well but has not formed a significant chart pattern. Take a look at a 1 year chart and you can see it broke out similarly before heading to $80. Again, if you aren’t already in this, I think there is a lot of upside potential in this stock.
• NVDA - A gamble on earnings that worked. Even though EPS was 0.02 off, revenues grew over 25% and they see much more growth. I think this stock is headed to at least $25-26 if not $30. It formed what looked like a double bottom and with this gain on earnings, should break out on high volume. As with the others, there is still time to get in this and make some money.

Thanks for your patience with my random posting times. I moved back home for the summer and will start working soon so I have yet to get a set schedule for posting, but fear not, I will not leave y’all postless for a day. Take it easy everyone and enjoy your Friday!

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Stocks ended in the green today even after oil continued to rise. I’m glad to see an up day after such big losses yesterday. I think that yesterday really shook all of us who got caught up in the thought of a possible bull market. I am still holding strong until another day or two of selling.

I really find it hard to belive that oil is going to hold up. Looking back at all the videos on smart money, they talk about “buy on bad news, sell on good.” This seems like a good example of a time to either take your profits on your longs on oil, or take a short position. Everyone is talking about oil going all the way to $200 a barrell, but I think it is going to pull back and get to more reasonable levels.

Once again, we are looking for a big up day on big volume to confirm and keep our bull market going. Hopefully we can gain back our losses plus some to finish the week. I’m going to do an update on the stocks I’m currently long on soon so I’ll see you guys soon!

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