Bull Riding

Oh, Nelly! If you've ever ridden a bull, even the mechanical kind, you've experienced physically what's happening to the market right now. Being bucked like crazy isn't fun, especially when you hear all that $$$$ being flipped out of your pockets.

I stayed invested, believing that yet another jump would take place. Oops! My stocks have very good fundamentals, but they are taking a real beating anyway. Back in Texas, we call this "a real whupping".

I've read recently that growth stocks do better at this time in a bull market. Now is certainly time to cherry pick stocks for short term trades - day or swing (scalp?!).
Over the weekend I concentrated my research on the technical side, with stocks trading below $15 as my focus.

I chose 2 stocks and had a 50% success rate today. My winner was GTOP - In at $4.07 and out at 4.25 as the market faded. My other pick was MMPI - I thought it was ramping up the past few days, but it dropped at the open and hasn't recovered. Lucky me - I didn't buy MMPI as it never looked bullish!
A.M.