Downtown Traders CNBC contest picks

Wednesday, April 19, 2006

New picks

I sold MFLX and CAT today. I didn't like the way MFLX was acting and I think Cramer pump of CAT may have it stagnate for a few days. CTXS popped up on one of my scans as it made a new high and I took a chance despite them reporting earnings after market. It looks like it was a good gamble as they were trading higher. I also added NSM today as the are very close to clearing resistance. Another tough choice was deciding to hold WCC over earnings tomorrow morning. I think there is a chance that smart money was moving in anticipating good earnings. Let me add that I don't take these chances with real money.


DT

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