Nanotech Insights #11
Dear Small & Advanced Technology Investor,
Surprise!
Because the stocks we recommended over the last month have delivered such incredible profits, I realized I was obliged to deliver two more Nanotech Insights. One to tighten stops and give better guidance on exiting these last trades (this one), and one to wrap up the last five years of writing on these subjects and take credit for the profits we’ve delivered and more important the losses we’ve saved our readers from. (Of course, we will detail our biggest mistakes as well, though there truly have been only a few amongst the dozens of good to great calls.)
Overall, we remain nervous bulls (much more “nervous” today), and still expect the market to top before June 10. Furthermore, the May 1 SPY top at 142.37 may very well hold as the top we said might occur within a week of the last Insights. Please note we have always indicated that 144 - 148 area would be a very tough hurdle and little time if any would likely be spent above it.
“Sell in May and go away”? This year, you bet!
The NGEN would have been sold at $0.40 for a small loss. On CHRT, we would raise the protective stop to $5.99 and raise it 10 cents/day until stopped out or the close on May 19, whichever comes first. KOPN would have been sold at $2.94 for a nice profit.
ADI – We would raise the protective stop to $33.24 and raise the stop 25cents/day until stopped out or the close on May 19, whichever comes first.
MTSC – would have been sold at $33.94 for a good profit.
CCMP – We would raise the protective stop to $34.99 and raise the stop 25cents/day until stopped out or the close on May 19, whichever comes first.
ALTR – would have been sold at $20.98 for a great profit.
Darrell Brookstein
Disclosures and Disclaimers
GENERAL TERMS*
No investment opinion or other advice is being rendered on any stock or company. All of the trading stocks we recommend should be considered highly speculative; you can lose some or all of your money. It should be assumed that the Author and editor and their associates may hold or dispose of or trade in positions in any securities mentioned at any time. No fee in cash, shares or options was paid for this report. Please be responsible for understanding the terms and vocabulary of stock market investing. Here is an unaffiliated glossary site that may be useful:
http://www.traders.com/Documentation/RESource_docs/Glossary/glossary.html
Disclaimer
The Nanotech Company, LLC, Darrell Brookstein and/or Resource Development, Inc. are not registered investment advisors nor broker/dealers. Readers are advised that the material contained herein should be used solely for informational purposes. The
Author does not purport to tell, or suggest to, readers which investment securities they should buy or sell for themselves. Readers should always conduct their own research and due diligence and obtain professional advice before making any investment decision. The Author will not be liable for any loss or damage caused by a reader's reliance on information obtained in any of our newsletters, special reports or on our web site or sent by email or mail. Our readers are solely responsible for their own investment decisions. The information contained herein does not constitute a representation by the publisher or a solicitation for the purchase or sale of securities. Our opinions and analyses are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in our newsletters or on our web site should be independently verified with the companies mentioned. The editor and publisher are not responsible for typographical or other errors or omissions. There is no guarantee of investment results herein whatsoever, either explicit or implied. Past results are no guarantee of future results or even profitability. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase or short sale in these speculative stocks.
<< Home