Bandit Broadcast for 12-5-2010

Good evening StockBandits!

Baby Bandit has arrived, as just over 24 hours ago we welcomed our 2nd child (another boy) to the world!  We are thrilled, needless to say, but the work I’d normally have done by Sunday simply didn’t happen this weekend – as I had warned if this baby happened to show up.

Over the next couple of days, I’ll be taking some time to tend to personal things (hospital releases, Dr. follow-ups, my wife, and of course our new baby), and therefore do not plan to trade.  My family is my priority, so that’s where my attention will be these next couple of days.

Our first arrived 3 years ago, and on that occasion I took a week off.  However, we’re more experienced parents now (thankfully!) and also have some help, so I don’t expect to be out for more than a couple of days.  I’ll do my best to put out at a minimum an abbreviated post here and there until I can return to full speed.  Thank you for understanding!

This market is strong, as on Friday we saw another rebound with the indexes tacking on more gains.  The NAZ needs to clear 2592 to make new highs and the S&P 1227, so we’re quite close to more 52-week highs.  If I were trading on Monday, these are the stocks which would be on my radar and the triggers I’d be using for entries:

RVBD $35.10 on the long side

BMRN $27.60 on the long side

RIMM $64 on the long side

SODA $33.60 on the long side

GSM $17.30 on the long side

CSTR $65.30 on the long side

Again, thank you for understanding that on this very special occasion for my family I will be reducing my duties here as I’ve noted in recent weeks.  It’ll be a short break, and when I return to full speed you can expect the usual Broadcast you know and love!  In the meantime, I’ll do my very best to share some ideas so as to keep you in the loop.

Next update I’ll try to have a picture ready for you too 😉  See you then!

Trade Like A Bandit!

Jeff