VDSI still going

I was pleased with VDSI today as were many others in this stock who are long. As you know, I added this one to my 401(k) about a month ago. We can't expect VDSI to do this every day but lets hope it continues its upward movement. I am still long VDSI in my 401(k).

bad base

As mentioned earlier, I sold JSDA. Too many negative happenings. To name a few:

1. bearish candles (Bulls can't win lately)

2. OBV down

3. Support is being tested and broken.

4. MACD made lower highs on stocks new highs.

I don't feel comfortable being long on this one right now!

The base here seems a little loose as well. (Good bases normally fall 20% to 40% or 50% from their highs. Go any deeper and a stock faces even more steamed holders that have a loss. It's tough to overcome this "overhead supply" of potential sellers and hit new highs. this from IBD)

Institutions are the ones that support stocks in their bases. You want to hitch your wagon with them not the retail side.

Sold JSDA

I took JSDA out back to the woodshed today. The stock just doesn't seem to have any strength. The bears seems to get this stock every afternoon. My feeling is that the retail accounts are buying in the AM and the Institutions are selling during the day. Anyway, I am not going to wait around to see what happens. Sold at $13.67. Shit...

JSDA showing weakness

Well, JSDA has been a poor performer the last couple trading days. If the stock breaks below its prior resistance, we are going to have to jettison this puppy. To think this stock was gong to trend. Now looking back at the stock, it is too volatile to trend. There is too much emotion attached right now. Take a look at HMSY. This stock just moves along, nothing too fancy. Just slow and steady, the way I like it.

JSDA did offer some great opportunities to make some money. I was using the wrong approach though.

AM Notes

Yesterday VDSI was downgraded to Hold from Buy. The stock naturally traded lower. I have not touched this position and continue to hold my shares. I did not see shares pierce any key support areas on the chart. Lets assume the trend is still in place for now.

JSDA has held its ground. I still have my shares bought at $14.49.

AM Notes

The market seems to like the Feds action or inaction I should say. Investors are also bidding up the VASCO shares.

I bought JSDA the other day at $14.49. Funny thing, I don't know if you noticed but take a look at HMSY and JSDA charts and notice the same pattern in each. HMSY is going up now but Jones is down. The only thing I can think of is that the slope of the trend line for JSDA is steeper than HMSY. Maybe a little too steep. I am sure Cramer's comments did not help JSDA either but that can't hole too much weight. Anyway, I am holding onto JSDA.