Monday, April 09, 2007

Long-term pick: LNN

This is a focus stock on today's Wall Strip. I like this stock because it is not overextended. I am tempted to open a long term account just so I can purchase some shares.

Disclosure: I do not own shares of LNN.

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About Me

I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.