What’s the number one rule in trading? Never let a small loss turn into a big one. We’ve got five stock picks we want to go ahead and pull the plug on as soon as possible. They’re all either not making enough progress, or aren’t making progress at all. Considering we’ve still got about 30 open trades out there, we can afford to shed some without giving up much exposure.

In not particular order, here are our latest exit recommendations…

CopyTele Inc. (COPY.OB)

We thought CopyTele shares would might consolidate between 34 cents and 39 cents for a while before making the next big jump, but the support at 34 cents broke down today. The chart hasn’t gotten ugly yet, but we don’t need the trade and its likely mediocrity taking up our time and focus. Sell it.

Procera Networks, Inc. (PKT)

Note that we’re going to keep this one on the radar, as the underlying story is so compelling. However, after watching it slide from $1.08 to $0.77 over the last week or so, the smart thing to do is make an exit, stand back, and wait for the right re-entry point. Sell it, but keep it on your watchlist.

Empresas ICA, S.A.B. de C.V. (ICA)

This one just never got off the ground. There’s nothing wrong with the company - the interest foreign construction simply faded shortly after it was stirred up. Sell it.

GTC Biotherapeutics, Inc. (GTCB)

A big breakdown Wednesday followed through with more breakdown on Thursday. There’s no need to stand in front of an oncoming train. Sell it. By the way, the catalyst for the selling was poor earnings… surprise surprise (though we guessed wrong too).

Solar Enertech Corp. (SOEN.OB)

We don’t mind a little up and down from a stock that’s exhibited that pattern before. We just need to see more up than down…which we haven’t from Solar Enertech lately. If 18 cents breaks down as a support level, there’s nothing to catch the stock until 12 cents, and that’s a chance we can’t take. Sell it.

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