The agricultural giant was featured on the Investor's Business Daily website's Stocks on the Move for going up 7% on 50% volume. The IBD's Stocks on the Move stocks usually go up a consecutive day after they are featured. Regardless, if you feel like you need to enter, keep a tight stop loss. In regards to my own trading habits, I am still engaged in GIGM and FMCN as they are up a little bit today.
I feel like I am getting more acquainted with this market and I will allow these stocks to go up a little bit more where I can sell them, wait for the market to head back down again, and then enter on some better valued positions.
I really like EJ as a short/long term position because their 52-week high is $36, roughly 50% of the stocks current price.
CALL is a favorite of mine because it is a small-cap stock. CallWave specializes in mobile phone mobile voicemail access (using the internet to check your mobile phone's voicemail). They also have free applications for unlimited texting. These apps are adapted for Macs, Google, Yahoo, and other interfaces. The company has good connections.
MercadoLibre - MELI - has been getting good press from Jim Cramer. They have a great position in one of my favorite world regions in my favorite business, online payment processing!
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