It's been a little over one month since our last edition of the Trader's Corner - the place where we get to bring you some of our best trading ideas in and out of the small cap universe. And what a month it's been! The Russell 3000 managed to keep right on chugging along, moving from 829 to 870 during that month. The 4.9% rally put the index well into new all-time highs territory.

Though we have to question just how long this rally can be sustained - especially as we enter the weakest period of the year - we also have to remind our readers that the 'best of the best' stocks can shrug off market-wide weakness. So, we're not exactly worried about a slow summer...if we've done a good job, our ideas should thrive regardless of the environment. Heck, they may even thrive on a little selling in the market's other corners.

Before we get to our newest picks though, let's catch up on our other positions.

Incredimail (NASDAQ: MAIL) and Level Three (NASDAQ: LVLT), both purchased in the latter part of last year, are still on our radar.

Incredimail survived the early-March plunge with ease. Its struggle came, ironically, in mid-April while most stocks were making gains. Nonetheless, MAIL seems to have righted itself a few days ago, bouncing off support at $7.16, and getting back up to its current price of $7.55. That still leaves us 20.0% above our entry level of $6.25 from October 17 th, with the added benefit of being pointed upward again.

Level Three had been holding its own until just a few days ago, when support at $5.94 broke and let the stock slip all the way back to a low of $5.59. Just as a reminder, we upped our suggested stop on LVLT to $5.52 a couple of months ago. With an entry level of $5.46, following a strict stop discipline should leave you (barring a big gap) with no less than a break-even trade. How close are we to the stop? Monday's low was $5.53.

Sprint-Nextel (NYSE: S), originally suggested in late February, is now up by about 5% since our pick date. Not gangbusters, but not bad either. The volume has ebbed and flowed, but the pullbacks have been small and shallow, while the rebounds were large with plenty of depth. We peaked at $21.00 on April 20th, and in retrospect, we can now see some resistance around there...it's close to where the stock topped out last July, and then again last November. We still see plenty of upside potential from Sprint, but toppling this potential barrier may be the catalyst we need to really get things going.

Our two most recent trades have also done pretty well.

Cogent Inc. (NASDAQ: COGT) has been in consolidation mode since we pointed it last month, while shares were priced at $13.45. We saw the stock stuck in a range between the low $13 area and the upper $13 area, but the recent high of $14.23 is a new multi-month high....and leaves COGT knocking on the door of an upside breakout. We're up more than 4% above out pick price of $13.45.

Our China Mobile Limited (NYSE: CHL) trade hasn't done quite as well as Cogent. Yet, we still find shares in a bigger-picture uptrend, as well as slightly above our entry level of $44.85.

As for our newest ideas, we've got a couple of known names for you.

First, we think it may be time to think about Ford (NYSE: F). No, that wasn't a typo - Ford, the car manufacturer, is looking interesting again.

We know this might be a tough one for a lot of you to digest. All we can say is, our rationale isn't exactly one based on the company's current value. After all, the company is losing money, and we're not looking for a swing to profitability in the ultra-near future. However, that doesn't mean you can't 'buy low and sell high' (which is the only way to actually make any money in this game).

What we're keying in on here is a combination of fundamental progress, and goodwill within the investment community. The progress became evident when they turned in last quarter's numbers. Instead of losing the expected 60 cents per share, they only lost 15 cents per share. Quarterly revenues actually rose by 5.4%. Yes, it was a dubious achievement, but it verifies the bleeding at least can be slowed, and that the rebuilding plan has at least a little merit.

The smidgen of progress may have also sparked (or should we say, re-sparked?) some hope within the investment community. Ford is a domestic favorite, and an icon in the industry. A bunch of folks are just itching for a decent reason to own it, and they may have just gotten such a reason. Knowing stocks rarely trade at what they're 'worth', we're willing take a chance here and follow the crowd for a while...provided they keep thinking optimistic thoughts.

Let's try a target area of $10.00 for Ford, with a stop around 7.60. There's nothing wrong with keeping the leash short here.

Our other name we feel worthy of consideration is another large cap - Aetna (NYSE: AET). It's been trending higher since 2001, despite a few stumbles here and there. In fact, it's the most recent stumble that makes Aetna so compelling.

The stock was torched for most of 2006, but has recovered well. After getting back above its 100 day moving average in November, we've seen support there on several occasions, with each instance prodding the stock even higher.

And don't let the idea of big insurance company fool you into thinking you can't expect big results. AET shares are up 722% from their 2001 bottom, and up 322% since March of 2003 - when the bull market officially ended. With average stock gains ranging between 80% and 100% per year for six years now, Aetna may be one of the market's best-kept secrets.

We suggest a target of $66.00, keeping in mind Aetna has been most rewarding to those who are willing to give it a few months to produce results. A stop of $44.00 might be prudent. That's about 7% below the current trading level.

With that being said, we do want to encourage anybody reading this column to apply a little of their own 'trade management' to these ideas. Since we can't publish this column every day, a lot of things can (and do) change between editions. Our suggested targets and stops can simply be thought of as a starting framework. You may find even better results by adjusting those levels appropriately when the chart merits it.