US Stock of the Day - Understanding How it Works

US Stock of the Day is for traders who are looking for a US Stock to trade each day. I base my picks on US Stocks I follow on the Nasdaq, Dow, S&P and other indices such as the Russell 1000, etc., watching for a swing in the momentum upward. I keep a tight stop loss on all trades to minimize my risk... and allow the great stock trades to continue rising. These are not recommendations... merely entertainment. Please see the warning at the bottom of this page.

If you have any questions, don't hesitate to contact me @ contactdoctorstock@gmail.com. For a Canadian stock of the Day, look at http://canadianstockoftheday.blogspot.com. Also, you may not be a short-term trader... for more stable, longer-term trades, check out http://investinthemarkets.com.

Wednesday, July 6, 2011

US Stock of the Day for July 6, 2011

Here's where we stand going into this shortened trading week...


GMCR - purchase on June 14 @ $76.23 sitting today @ $91.97, a 20.7% gain.   I'm raising my stop loss to $86.35.

FOSL - purchase on June 27 @ $114.11 sitting today @ $122.63, a 7.5% gain.  I'm raising my stop loss to $117.53.

SINA - purchased on June 28 @ $96.34 sitting today @ $114.62, a 19% gain.  I'm raising my stop loss to $100.68.

BPI - purchased on June 30 @ $24.21 sitting today @ $26.93, a 11.2% gain.  I'm raising my stop loss to $24.82.

July 5th, I chose MCP @ $60.80 with a stop loss @ $60.19 but it did not trigger.

For July 6th, I'm choosing HMIN @ $41.05 with a stop loss @ $40.63.

OVERALL 

The Overall total return is 65.6% since my first purchase approximately one month ago.


So far... 5 winners... 1 even... and 2 loser (at -1% each) for a great overall profit.

See you tomorrow!
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