Trade Updates: Take Profits on DXYN, VRS, Raise Stops on GNW, HUN As much as I'd like to talk about the market today, I just don't have room or time. There are too many stock picks we've recommended recently that require immediate attention... though all of it is the good kind of attention.  I promise to get a market-oriented edition out ASAP. For right now though, I think it's time to take profits on some stocks, and raise the stops on a few others.    Take Profits On... The Dixie Group Inc. (DXYN)  We recommended DXYN back on May 1st as a longer-term penny stock pick. At the time shares were trading at $2.38. Now they're at $3.91... a 64% gain for those who acted. I still intend to keep The Dixie Group on the radar as a longer-term idea, but with the way the chart is straining now, I can see a pullback is around the corner. Just sell it and get sidelined for a while. Verso Paper Co. (VRS)  We posted the VRS pick on the evening of the 29th, which would have been executed on the 30th. The opening price was $1.00. Verso was recommended as a short-term breakout trade, and break out it did. It's currently at $1.41, up a hair more than 40% from where most of you would have bought in.  Though I'm tempted to stick with this one for a while and see how much more the stock can recover (it was at $5.00 in September fer cryin' out loud), discipline is telling me to stock to the original plan - bail out when it looks like the surge is starting to crumble. Well, Verso's gone nowhere but sideways for the last three days. That's not down, but it sure isn't up. Let's lock in the gain here and move on. Hansen Medical Inc. (HNSN)  Hansen was actually picked because it was an undervalued large cap wearing penny stocks' clothes (it was priced under $5.00). The intent here was for HNSN to be a longer-term idea with a very low price, but today's pop has forced me to rethink things... at least temporarily. The opening price from the day we picked it was $5.10; now it's at $6.59 thanks to today's 19% surge. All told, those who bought in from our initial recommendation would now be up 29%. That's a little too good to pass up. Maybe the right answer is to sell some now, and hold some for later. Your call.   Raise the Stops On... TAM S.A. (TAM)  Frankly, it's a little irritating the way this one played out. I can't complain too much because our trade is in the red, but the darn thing bolted out of the gate and has made two bullish gaps back-to-back.... something I don't think can be sustained. We published the pick after the close on the 5th, which means you could have gotten in at the opening price of $7.90 on the 6th (versus the close of 7.59 on the 5th). Now it's trading at $9.26 and still headed north. This was supposed to be more of a long-term holding, and it sill is, which is the dilemma... I know there's pullback risk here. I think the best thing to do is set a stop somewhere around $8.20. That will protect some of your profit, but won't leave you out in case this thing really takes off. Genworth Financial Inc. (GNW)  Like TAM S.A., Genworth was meant to be a longer-term holding, but a big gap today changed the game. If you got in at the opening price of $3.57 on the 6th (following our reco from the evening of the 5th), the current price of $4.34 means you're up about 21%. Not bad for a day's work. GNW's gap today is even bigger than TAM's though, and just as scary. As we did with TAM S.A., I think the right thing to do is to play offense and defense. Don't sell it yet. Instead, why not put a stop-loss around $4.20 to protect you if things turn sour quickly? Huntsman Corp. (HUN)  Finally, a well-behaved, non-temperamental stock. No major gaps. No surges. Very little volatility. Smooth sailing. Like Hansen Medical, we picked Huntsman back on April 27th as a long-term, undervalued large cap idea. That hasn't changed. The opening price from the 27th was $4.96, versus the current price of $6.02...a decent 21% gain so far. However, we're not nervous about locking in our gain for HUN, because the uptrend has very well-paced. Instead, we'll just add a protective stop ...maybe something in the $5.60-ish area. Why there? No particular reason, though if tripped, it would still leave us with a 13% gain.    And The Rest? I know there are still some other trades we've put out there that we didn't update today. In those cases, most likely there was nothing particularly pressing with the charts we had to act upon. That's not a bad thing or a good thing - it's a neutral thing. I didn't see anything wildly concerning with any of them though. Still, I'll try and get an update posted soon (probably in the blog). Or, I'll let you decide what to do with them. Your call.   One More Thing... 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