OK, I promised I would do a trade this week, and I didn't. My bad. I'm in the middle of a move, and for those of you who have moved across country before, you know what a huge pain in the butt it can be.
I was planning on trading Activision this week. I had researched it last weekend, and was ready to pounce on it Monday or Tuesday. Then of course they announced the Vivendi deal, and that killed any trade I could do.
So now I'm looking for my next story that will be successful. I was carefully watching Apple today. It looked good while the rest of the market was kind of flat. It found some resistance as it met its 52-week high but I like the price action it can have between now, Christmas, and Mac World. May try and get into it on Monday, we will see how things turn out. The other name I'm closely watching is Potash. They make fertilizer. Not the most exciting thing in the world, but right now there is a global growth story happening in the farming industry and this company looks poised to take full advantage of it. I'll have to examine their charts this weekend, and I'll try and make a call on it before I head down to California at the end of the week.
Everyone have a great weekend. There will probably be some significant changes on this site over the weekend, so watch out for them!