“Your big opportunity may be right where you are now.” -Napoleon Hill
New Beginnings
Lots of news today. Walker Financial produces record revenues, Xtreme Companies restructing is in full swing and Nighthawk Systems looks like a bottom buying opportunity…
Bottom Buying Opportunity:
Nighthawk Systems, Inc. (OTCBB: NIHK) appears to have found a bottom here. The stock has support at the 3 cent level and the stochastic indicator is indicating a buying opportunity. Good support along with a stochastic divergence and cross upward off the oversold level might be all that is needed to propel Nighthawk back up. Couple these technical reasons with today’s news and we have a potential winner on our hands.
Restructuring Going Like Clockwork
In recent editions we have stressed to you the turn around story that lies in Xtreme Companies Inc. and this edition is no different. To ensure that the new and improved 2007 Challenger line achieves its full sales potential, XTME has brought another industry veteran on board in ex- Brunswick Boat Group sales executive Jeff Gayer. Brunswick did $2.8 billion in 2005 net sales!! Think Mr. Gayer is qualified? Here is an excerpt from today’s press release: “Prior to joining Xtreme, Mr. Gayer was Brunswick’s Commercial and Government Division Sales Manager reporting directly to the President, responsible for both domestic and international sales within the division. Prior to his tenure with Brunswick, he was Regional Sales Manager for Boston Whaler where he was responsible for developing and maintaining their U.S. dealer network. His marine experience also includes tenure with the State of Kansas Department of Wildlife where he headed the state boating organization and was commissioned on legislative committees which established state boating laws and regulations”
XTME is building a team of well respected industry veterans that possess invaluable contacts within the global dealer/distributor community. These relationships should provide a nice jumpstart to business as the Challenger line launches. What you are seeing here is a transformed company ready for near-term growth. Don’s let the performance of old management blur your vision of the real story here.
Record Revenues!
Walker Financial Corporation (OTCBB: WLKF) today announced record August 2006 revenues that mark a 144% increase over 8/05. August 06 revenues also represent increase of more than 100% over July 2006 exhibiting WLKF’s high growth potential and success thus far in expanding its health insurance sales capabilities. Commenting on today’s news, Mitchell Segal, President of Walker, stated that “this is only the beginning of our performance from the sale of health insurance over the telephone and internet. We expect our sales to grow at a significant rate in the coming months as we continue to hire additional licensed sales representatives.”
As stated previously. We feel that WLKF’s unique position as a provider of healthcare related products to a number of greatly underserved high- growth demographics will drive growth in upcoming months. Today’s news is just a taste of what’s to come over the next 12 months. We will keep you posted as things develop.
Nighthawk Protects Michigan Drivers
Although grossly overlooked by many small cap investors in recent months, Nighthawk Systems Inc. (OTCBB: NIHK) has posted 4 consecutive quarters of revenue growth and now boasts a highly diversified client base which includes a dozen new electric utility customers and more than two dozen wireless companies. NIHK announced today that it has shipped its PT1000 logic boards to Information Stations Specialists (“ISS”) of Zeeland, Michigan for use as a flashing beacon sign controller. ISS sells the flashing beacons to Departments of Transportation for use with Highway Advisory Radio systems.
NIHK’s pipeline of opportunities is larger than ever and management is sticking to its previously stated mission of diversifying its customer base and pursuing beneficial strategic partnerships. In our opinion, NIHK has great potential to make some waves in the near term. Stay tuned for upcoming updates and profile coverage.
Three great turn around stories here. Record revenues, massive corporate restructuring and a bottom buying opportunity.
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Your trading progress can be easily tracked. In fact, it is black and white, right in front of you all the time. As tempting as it is to track every trade, like balancing a checkbook, it will work against your long term goal of unemotional, decisive, and successful trading.
Think macro, not micro.
One of the biggest challenges we face as traders is the reining of our emotions in times of decision. Trading is a statistics game and emotional trading is far from logical and almost always costly. That being said, evaluating your progress is, naturally, going to generate some emotions.
Let me give you an example. You think you are doing pretty well. You have made 5 trades so far in the day and each one turned out in your favor. Just to give yourself a big ole pat on the back, you decide to tally up the day. So what if it is only 3 hours into the trading day, you may have made enough to sit back the rest of the day and relax. So against your better judgment (and our staunch advice) you tally up your trading profits.
Scenario #1 – You did great. You made even more than you thought you did. Logically, you know that you should continue using your system and be even more disciplined because it has done so well for you. But you are feeling good! Endorphins are surging in your blood and you start thinking you are darn good at this trading stuff. So on your next trade, you take a little more risk that you might have normally because it feels right. You get a little careless. You see it in every movie. Pride cometh before a fall.
Can you see where we are going with this?
Scenario #2 – You didn’t do as well as you thought you did. It seemed like the day was productive but when looking back your profits were mediocre. Not bad, but not that great either. “Hmmm,” you think, “I have time to make up for this mediocre morning.” After all, you want to hit that daily goal and at this conservative rate, you may not. You let loose the reins just enough to squeak in an extra trade or two – so what if they are not ideal circumstances.
Can you see where we are going with this?
Bottom line is, tallying up your progress is something best done when your results will not affect that way you trade. If you have a system that works 70% of the time (more if you are in our chat rooms), you will end up ahead no matter when you tally up. Preferably, you should sit down and graph out your progress at the end of each month but we know how much restraint and patience that requires. If you must, tally up weekly on Friday afternoon AFTER YOUR TRADING DAY IS OVER!
Have something on your mind? Ask questions of the editor here. We pride ourselves on our prompt responses.
Don’t forget, our FAQ is pretty extensive and was built by answering questions just like yours. It may already have the answer you are looking for but if not, we are standing by to help.
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Thank you!
The MSP Team
