Thursday, August 02, 2007

Swing-Trader Bulletin Portfolio Update

For a second day in a row, stocks stayed relatively calmed until the late surge took the major indices higher. Overall, it was a good day on the Street and so the Swing-Trader Bulletin. Advent Software Inc (ADVS) printed another new 52-week high today, gained about 2% to $39.63. The stock gained almost 10% since profiled 3 days ago. Accuray Inc (ARAY) gained 41 cents or 2.15% to $19.52. The new short position, Cash America Int’ (CSH) also moved well on the expected direction, down 30 cents or 0.85% to $35.15.

On the downside, Vcg Holding Corp. (PTT) lost almost 4% on high volume. Glad that we’ve took a most of the money off the table yesterday. However, unless the stock takes out the July’s low, this pullback could be taken as a good buying opportunity for aggressive traders.