Four Buys Executed, As Well As One Sell

Let's start with the SELL - NYX convincing broke the stop at $80, the position was removed at a price of $79.10.

Per our previous post, the following names were added:

TBSI - 300 shares added at $22 3/4
SNHY - 150 shares added at 44 1/4
MEDX - 300 shares added at $15.15
LRCX - 125 shares added at 53 3/4.

Next up for inclusion in the Portfolio is HANS or YUM - choices, choices.

Several New Buys

On Monday the 18th we will be adding several new names to the portfolio as there are a bunch of attractive chart patterns out there. They are as follows:

We will start with TBS International (TBSI). A transport services company, this chart is showing signs of real potential explosion. Our buy point is around the $23 level, with a target of $60 and a stop to be placed at $20, the risk reward is outstanding. The UD ratio stands at 14.8. We will add 300 shares.

Next is Sun Hydraulics (SNHY). A provider of construction equipment, their business is booming. We will aim to buy this one under $45 with a target of $90. The stop loss on the trade is 40, providing a solid UD ratio of 9. We will add 150 shares

In the third slot is Medarex (MEDX). This mid-size drug company's chart has the feel of a big run occurring. Percentage-wise the return is attractive, an upside target of $27 based on a purchase price of around $15 1/2. The stop order goes in at $14, providing a UD ratio of 7.6. We will add 300 shares.

Finally, let's talk about Lam Research (LRCX). This maker of semiconductor equipment should be going down as there has not been a lot of positive news on semiconductor spending. Perhaps the diversification into the solar markets is beginning to pay dividends. However, my belief is that something bigger is happening in the industry. All of the charts look solid, even buyable, an indication of a reversal in trend. The semi-equip stocks are stock you need to buy when business is at its worse because if you catch the turn, the rewards are large and fast. The buy price for LRCX will be anywhere under $54 with a target of 80. The stop goes in at $50 for a UD of 6.5. 125 shares will be added.

Note that others in the group that look good but do not have the setup for immediate purchase are AEIS, KLAC and BRKS.

Stay the course on the other positions. NYX is in danger of getting kicked out as we will continue to monitor it as it is right on the stop line.

Closing the AAPL Position

Perhaps we are nit-picking here, but we are going to close out the AAPL position 75 cents early - at $123.25. Still a tidy gain from the entry of $92.75.

This will give us a nice cash inflow to redploy shortly.