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DJIMSTOCKS- since 2006 - Toronto, Canada/London U.K

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Entries by Jon (64)

Monday
Aug212006

NEU ALY

NEU is one of the stocks on my top 10 trading list.   It's in a process of breaking out today.   Given the kind of momentum this stock has exhibited in the past, it should have some meaningful follow through.    What I like particularly about the setup is the consolidation prior to this move.   The consolidation looks solid for this move.    Recent earning and Insider buying are the two catalyst Imo.   This one is for my chase today.

ALY got a nice RBC upgrade today and the fact it debuted as #50 in IBD helps.   This co. also did a recent offering and was taken very well.    It's one of the few stocks attacking 52 week high I really like.     I'm adding on weakness.

Monday
Aug212006

HWCC

Being a new stock in this mkt is not an easy thing.    HWCC IPOed back in June and so far has done tremendously well.   What I like about  this one the most is the fact it's relatively unkown to many.    Earnings imo is very good and growth is strong and its stock deserves a price premium.   All we have to do now is to work throug this what might be a flag, or consolidation blob to get some good momentum going.    Of course, underwriters and the ones who  got their shrs through IPO will try to keep the pace as slow as possible.   Time and action will tell eventually  when it's rdy.     Long a few and added a little today. 

Monday
Aug212006

LXU

Bot some today, mainly attracted by its chart action.   This is a profitable company that sells chemical product.   The earning though not consistent but the latest q showed a healthy growth.    Any stock that is making new 52 week high in this choppy environment deserves a second look.   This one has about 6.5 mill in float, according to yahoo, which imo, is game on.

Monday
Aug212006

Wrapping it up....UIC entry

It's definitely an interesting day!   For the first time in a while, I actually had quite a few tradable small caps setups for today.    Hopefully this could be the beginning of something similar to come, and timing can not get any better since it's near the end of Aug.

NEU, moved huge after gapping up from the consolidation resistance and it pretty much went straight up and took out the old high.   This is a very volatile stock and I believe the best play is to get in aggressive and early today with some faith that it could pull a move like it did today.   Of course, it's never easy in this mkt environment and I only started adding aggressively when volume comes in.   The big question next is whether it'll have meaningful follow through.   With the volume like it pulled today, my thinking that it will, but it will be done in a volatile fashion.

ALY,  I wondered what the stock will do if without the RBC price tge increase?   The move today was a combination of IBD chaser and RBC upgrade.   Again, volume is good and one can only believe that this may be able to setup a new trading range.

HWCC,  I've been in this stock since the day it reported and wondered when it will actually take out the earning day high.    Well it came today on pretty convincing volume.    I always felt that there was a big seller doing his job around $20 but certainly he's either gone or is being overwhelmed today.    I have high hopes for this one and will add aggressively now that the stock is making itself known on a day like today.

LXU,  what started as a chart play may turn into a momentum play.   All I know is that this thing trades on AMEX with a small float.   The co. is profitable and is showing growth.   Those are definitely good ingredient.    But boy, the chart looks great for momentum players.

I also traded a few other things like TRMB GROW ALB EME PWEI .. and am holding a few of those overnight.

cheers,

Tuesday
Aug222006

BTJ at $15.50

Bolt Technology Corporation   Company released its earnings today and results came out 30 min. into trading.    It looks like momentum crow is liking its earning and action so far is suggesting the same.     I've entered a position earlier and looking to add on strength only.    It' still ways off its 52 week high but it's not far from the 6 months high.    Expanding the chart a bit, the stock seems to be basing quite well and this news can certainly propell it to challenge its old high.

Tuesday
Aug222006

Wrap Up

I think we can all conclude that what's hot yesterday may not be hot again the next day.   Nonetheless a different batch of stocks carried the torch today.     There are a couple of movers directly due to earnings and I went long both.

BTJ,  as mentioned in earlier post that it shot up on earning and it in fact closed near the high of the day.   It looks encouraging based on the close and hopefully this draws some crowd and it may eventually become a good play down the road.

HURC, it also popped up on earning but not on as crazy of a volume as BTJ did.   I did buy some and am looking for some quick spikes next couple of days.    I don't have as much faith in HURC as in BTJ as HURC's earning is merely meeting expectation.    The trading from HURC has been tough in the past and I'd expect the same this time around.

UIC, it picked up some pace today and if it wasn't for the reversal of Dow, I'd swear that it can pull a move like NEU did yesterday.   This one is definitely on my top five trading list.

a total surprise for me is IAAC where it carried another strong day.   I have no idea who's playing this one this aggressively but I feel it is getting a bit extended.   however, this stock has the ability to surprise you on any given day, good action or bad action.

some stocks either closed near the high or finished strong  including FTEK PWEI NCTY NVEC...  holding some thru overnight and hopefully can flip into morning chaos.  

Thursday
Aug242006

mid day update

well, it feels that there is only a couple of plays that are worth watching today, let alone playing.   some of the high momentum stocks are taking a breather today,  NVEC PWEI NEU ...etc.    but, fortunately it's someone else' headache at the moment.       It's definitely not easy playing these momentum stocks when the potential risk is just as big as the potential reward.    When all things considered, I guess you have to look at the overall market environment and overall momentum plays environment.     For the three plays I just mentioned, the way I'd approach them is going nuts when it's having a really good day and let go most of the sizes near the end of the day and try not to hold a meaningful amt over night.    When I look at these high calibre momo names, every day is really a new adventure and unless we are in a favourable small cap environment, you have to approach it in an ultra cautious and conservative manner.     The whole point is protect your capital, your profit and protect yourself from becoming over emotional when trading these names.

BTJ,  this one is a bit different from the above three and why I think a normal pullback right away may not be in the cards.    I thought BTJ play came out too fast and too sudden.   Nobody expected such a huge jump in IBD number.   The day it came out earning, I think I checked its IBD rating and its eps was only 74.   I thought oh well the best it can probably do is to get to mid 80s range in terms of eps rating.   This 99 99 stuff is catching alot of momo, ibd type of crowd off guard.    We are all scrambling at once to get in on it.   What would've been a one day or two day wonder may now last alot longer than ppl expect.     To me, the play right now is to buy on every dip, even as it inches higher.    Even if it doesn't make it onto the list this weekend, this will be in play next week.       At least IFO ERS HSR gave pple alot of heads up time before they got onto IBD, this BTJ is just too fast and furious.

HWCC,  does anyone else besides me noticed that it has 98 99 rating according to IBD?   I don't know what's the requirement to get on the list or maybe this one is just IPO or lack of min. daily volume but when it does get on the list it should be another shock to those who aren't famaliar with it.   I added some.

so at the end, you really don't have to catch every single play out there, just make sure that you hammer the best ones.

 

cheers,

Friday
Aug252006

BTJ update..

It seems like just couple of days ago when we first bought BTJ, in the 14s and 15s.   Well,  it really has JUST been couple of days. lol    We sold some, see Demi's mkt chat, actually for me, I sold 3/4 of BTJ just now around $19 so I can go out and have a nice steak with the wife.     I don't believe the move is over and in fact it's far from over.    Volume does not indicate a climatic phase and this IBD thing is merely warming up.    I sold some merely just to stick to my discipline and protect my profit.    If I don't sell some now, I'm sure I'd soon get into a "carried over" state and may not be able to judge the move correctly since I'd be constantly thinking that I got in at the low and it just doesn't matter.    So, I've got to stick to what worked for me and let go some.

I am planning to buy back a little toward the end of today so I can participate in the "IBD gap up" on monday if it actually gets listed.    The thing is, the higher a stock ran up in anticipation of a good IBD listing, the more likely the action will dissppoint on the following Monday if it does make it to IBD.   The best buying opportunity could be right after the sell off from the IBD listing.    Well, at least that's how I see it may happen.

this stock reminds me of NGS or EXM in the past,  if anyone remember those two plays a while back then you know how much potential this thing has...

Monday
Aug282006

Aug. 28 Update

We have an interesting day so far.   Index is up as if we are starting a fall rally already.   As far as the kind of stocks we are concerned here, they're also getting some interesting action.

BTJ, well as if we are gonna start talk about something else today.     We believe it's a combination of "sell on the news" and slight disappointment of "it only came in at #14 on IBD".    No matter what, BTJ does need to rest.     What's so interesting about this play is that now it's on IBD 100 list, but at #14 spot, what do you do next?    It still has eps 99, rs 99 rating but yet it's no where near the top.    My strategy is to play it on the long side b/c as long as there are people who believe that this thing will eventually move to #1 spot on IBD100 list, there will be plenty of action.    Volume is great and potential upside is also great.     Depends on how it closes, I'm either going to buy some back if it closes well (around $18) or wait till tomorrow if it closes poorly (below $17.50).      As it stands, 9 ema is around $16.20 and if we close poorly today, there's a shot that it may try for the 9 ema tomorrow.      In either case, I will start buying aggressively starting tomorrow.

UIC, if you don't like the volume, then you must like the action.   I'm leaving this one be at this point.

ALY, it gaps up and is so far holding on great volume.      I've added some and hopefully it doesn't fade near the end.

HWCC, this one is having a bit of a disappointing action considering its debut on IBD100.   I think it's still working off its IPO inventory.   I did reduce some exposure and will not do a thing unless it breaks out of the recent top.

NEU, BT posted that it's setting up for a short entry based on the chart.    I do have a different opinion thinking that this one is in a consolidation phase from the recent gain and it'll take out the recent high sooner than later.    However, this stock is volatile enough that you can literally play both sides of the action in same day.

GRB, this is a recent pick that's trying to break out from its recent high.    So far it's holding up and volume is increasing but I will wait till later to decide if I'd be adding this one or not, based on the potential close that is.

ANST, I traded this one earlier today and am adding this one to the watchlist.    This stock had a good reaction to its earnings last Friday and today is helped by the IBD listing.    This one has quite bit of institutional exposure so I don't expect it can be pushed around like BTJ.

other stocks also performing off our list include CTCM, IPSU....     also, b/c index is performing well, you can always try your luck with NVEC, TZOO

cheers,

Tuesday
Aug292006

After the Minute

what started as a typical dismal Aug. day during the last week of the month turned out to be very exciting toward the end.    Of course, you still wouldn't feel it unless you are trading our kind of small caps.

BTJ, once again it's on my top watch list and also the first thing I wanted to talk about.    All I want to say is that you are gonna wish that you bought some shares earlier today.    I started dipping some earlier today and got more progressively as its action turned from so so to fantasitic.      Maybe this stock will eventually crash down or burn in flame like IFO or ERS, but for now, momentum rules and you have got to hammer this one as it gets hotter and hotter.     In fact, most of my trading gains come from plays like this.     The point is, when a stock like BTJ  has this kind of liquidity, the momentum and everything else which makes a great small cap winner, you just have to go all out and put all your effort, capital, and focus into it.     Of course, I don't have to take this much risk now and even though I'm playing BTJ with less than 10% of my equity, it can still count for substantial gain when I play it right.     

FTEK,   would you look at that flag?   This is a typical break out scenario which we've played many many times before.   However, it never gets old.

NEU, I thought this is the second best setup next to BTJ.    It is very volatile for a $60 stock but when you get it right, the reward outweighs the agony tremendously.    Blacktruck has had some very nice chart + timing attached on this stock and I'd suggest anyone go check it out.    I'm long a few today but will add aggressively the second it takes out $63.

aside from the above three which I thought were the best setups on my screen, others include UIC IAAC PWEI IPSU ANST HURC all closed near the top of their range today and I believe they all have the potential to get some carry through tomorrow.

 

 

 

Thursday
Aug312006

IAAC $24.5, GROW $24.85 entry

It just doesn't feel like it's the last trading day of this summer.     

IAAC (24.50) -believe it or not, we started playing this one exactly three months ago.    Kudos to Demi, we started following it on another msg board since $12 and it's really been an on and off affair for us.    Thanks to GROW, this one is catching on some heat lately and it just took out the old high with very good volume.    Imo, this one has better growth compare to GROW and it also has good IBD exposure.    The reason why I mention IBD in about every paragraph I write is that about all of our past big winners would eventually turn up on the IBD100 list.    The recent surge in volume tells me that interest is picking up and momentum is building up.    Right now, it's no where near the climatic volume phase and so I'm not worried about a blowoff top anytime soon.   In fact, GROW is starting to set up nicely also which leads me to believe that this sector might be in play.

Friday
Sep012006

GROW

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First there was IAAC, now there's GROW.     Even knowing that GROW has a nice setup going into today, no one really knows when it will break out, or if it will at all.    I think IAAC provided a catalyst.    When people trade up IAAC, they are gonna go find alternatives that may move like IAAC.   GROW is  probably the best fit and imo is really a close cousin to IAAC, in terms of characteristics.     IAAC went up more than I expected, I did reduce some exposure as I always do just to be disciplined.     I added quite a bit of GROW today and very much like this breakout, as it's breaking out from a relatively strong base.

Mkt is potentially giving traders a nice close going into this long weekend and we all should be taking advantage of this and reshuffle our position somewhat.     When the institutional boys and girls come back next week, it's really hard to tell what they are gonna do.    We wouldn't speculate on either direction but we will be ready for them as we've spent every day of this summer battling against the odds. lol

BTJ, it's firming up and is also setting up for next week imo.    This weekend's IBD list is a wild card for BTJ but I don't think it's going to do worse than the #14 spot.   Bear that in mind, the action today and last couple of days can only considered to be healthy.     There are a couple of other stocks which I would like to see a good close but we can never force the issues.    I will just let some stocks play out by themselves and act accordingly.

Friday
Sep012006

Sept 1, Closing Update

What a week it turned out to be!   We have had some really nice movers from our DJIM watchlist and it's definitely paying off to be in this market when everyone else seems to be on vacation

IAAC,  not much I can say about this one as this is "what you see is what you get"!    Most people may not be comfortable with this kind of runup, and it's ran up after the fact it already had a strong week and month.    Well, this is what me and Demi and a few other traders have been playing during the last few years.    When all of your portfolio and all of your plays and things on your watchlist are all as volatile as IAAC, then after a while they become normal.     You basically have to get used to it.   For me personally, it did take a long time to grasp the concept of "trading a group of  most volatile stocks while applying the most conservative strategy"!     I'll elaborate on it more this weekend.

GROW, see above!     I felt that it has more legs left going into next week.  The only thing you have to watch out for is that it's releasing earning next  Friday.

NEU, patience may be paid off given today's close.    what can I say?  It closed at its day high, monthly high, and a new 52 week high!    This to me is about an ultimate close that a stock can get. 

other stocks closed well include FTEK PWEI WBD....  and a couple of new ones I'm adding to watchlist.

again, you don't have to own or play every single stock out there, just make sure you hammer out the best plays.

cheers,

 

Tuesday
Sep052006

Taking some off and ride the rest

We can all agree that no matter how good a stock looks and how good your portfolio is performing, it's always prudent to lock in some profit and take some off the table.    Such is the case with us today.     Even though some of our selling today may not come at a best price, it'll prove to be valuable habit if you want to do this for a long time.    Ok here's some update...

BTJ, back to our #1 favorite.    The #3 position on IBD this weekend came as a surprise?   Nope, we thought it was inevitable so last week provided everyone with plenty of time to get in before what we think might be another major leg up.    We added quite a bit today.

IAACGROW, this twin just bolted out of the gate and so far holding up really well.   Keep in mind, these two have ran up quite a bit and if you look at the past, they always have a tendency to pull back some after a big move.    Reducing some exposure might be a good idea and that's what we did.   Of course, we are riding out the rest untill a reversal comes.

ALY, this one is really repeating a stair case pattern.   Regardless, it broke out with nice volume.

GRB, baby food strikes again?  Lol!  Hopefully volume picks up some and it closes above $16, so far so good.

NEU, it gapped up and what else do you want?    We are going to see what kind of close it gets later on...

there is also some pockets of action going on elsewhere, but we are really having our hands full with just the above ones...

Wednesday
Sep062006

Looking Back..

It's almost always that whenever we have a huge day, the market will tell you to "cool it" the very next day.   It feels like this gig is getting too old. Lol!    So locking in some profit and reducing some exposure yesterday has proven to be a prudent decision eh?   We have to understand that the kind of stocks we are dealing here, though rewarding, can be very volatile.   It means that stocks go up and down, so without taking some profit, you'd end up running around in circles.   You definitely don't want to see your profit vaporize and back to square one knowing that you could've, or maybe should've done some proper selling.   We are not upset that we didn't sell our entire position, but we are glad that we did sell enough to justify the early entry opportunity that were presented to us.   Such is trading and we just have to learn our way through it.    Conclusion?   Sell when you can and buy when you have to!    Now on to some stocks..

Without looking at indcies, you'd know mkt isn't so hot based on the action of your watchlist. 

BTJ,  this is probably the best you can ask for from a momentum stock given today's mkt.  Catching some breath is fine and also fortunately for those who haven't had the opportunity to get in, today's not bad of a day.

IAAC GROW,  I hate to say it but these two may have seen the short term top for now.   With GROW's earning looming around corner, we wouldn't do much aggressive trading untill after their CC.   IAAC seemed to pull back more than the others  but it looks as though the pull back is relative to the streghth it exhibited last few days.   As long as IAAC does not violate some major short term trend line, we can always look for reentry point next few days.