Downtown Traders CNBC contest picks

Thursday, April 13, 2006

New additions to portfolio

I decided to take profits in ADM and CSX today replacing them with WCC and RMBS. Both WCC and RMBS came up on a scan looking for new 10 day highs on strong volume. I wanted to use a longer time frame since a lot of stocks would be making 3-5 day highs after the latest pullback. I like the base that WCC is breaking out of and I think RMBS could catch a bid any day now. I will try and post some charts of the 5 holdings this weekend.

DT

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