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$COOL (Majesco Entertainment) is on the verge of a breakout, and so is $LVLT (Level 3 Communications), I’d be a buyer if they can hit new closing highs. I’m less enthusiastic about $BPAX (Biosante Pharmaceuticals), which is now well off its recent highs.
@DavidAltonClark: Hi! How about the $SLV Has new uptrend begun? Is the $SLV a valid invest vehicle for Silver? Thanks Dave!
Ed Ponsi: Hi Dave! $SLV (Ishares Silver Trust) is a valid trading vehicle, but it can’t seem to climb above $38. That’s a key level because since a huge gap down in early May, $SLV has failed repeatedly to rally above that level. I’d wait until it shows some strength and buy it above $38.
@Ikayakbr: how's other Weiner - KFT?
Ed Ponsi: Aha! KFT (Kraft Foods) makes Oscar Meyer wieners and other tasty treats, hence the reference. Well, unlike our local politician, this wiener is a winner! Great uptrend, pulling back with the market—I’d look to buy KFT at $33, its 50-day moving average. No matter what happens to our economy, people are not going to give up eating.
@Cromagnonan: Is it good to buy 'LUV'?
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