Reminder

GROW is having a CC tomorrow and this can definitely either encourage or disappoint the traders.    In either case, we've mentioned before that we do not like to hold through or even play this kind of events.    To top it off, what can affect GROW can also affect IAAC, so both plays are on hold untill after tomorrow morning.

BTJ, it was hammered yesterday and evidently triggered alot of stops.    The best case scenario is for it to consolidate in this range for a while before making any move.    Keep a close eye on the 9 ema and if it wanders too far below it this may become a "buy and hold" which is not exactly what we like to see.    In fact, we'd want to avoid that scenario.

Waiting and Picking cherry one at a time...ANGN ($7.50), FNET

Market is tough!   It's a fact and we already know that.   But since this is the only thing we enjoy doing for a living, we still have to make some sense out of it.  Lol      When it comes to this market, seeing is believing.   No matter what we think  how the scenario is going to play out, what the stock ACTUALLY does overrules any opinion we had or may have on a play.      Picture is worth a thousand words, as we often remind each other.    So, no arguing with the chart and moving on is a necessary habit when it comes to playing this market.

FNET, which was mentioned here on Friday, got the approval news for mobile gambling from Nevada state gaming control board.   This is a story stock which we had followed since its IPO day for those that read from our former home.   We are putting it back on the top trading list as we think this one will get some addional legs on the back of this news, if its history proved correctly.

ANGN, this one got some unthinkable boost after its earning report today.   We don't think this would get this kind of a reaction if it wasn't for the fact there's really just nothing else to play.    Earnings isn't spectacular but the reaction is nothing short of that.    We are treating this ANGN as a day trading candidate and are not holding any hope of seeing another double or any meaningful percentage gain from it.   Even if it does double, oh well and so be it but the main trading theme around this one would be very short term.

MFRI, it seems just about every small cap stock we played before gets recycled a couple times every couple of years.    Earning isn't too bad but more importantly the action is holding up.   We are putting this one back on the list too and will trade accordingly.

one last note on BTJ,  it's getting dragged down by sector and there's nothing we could or want to do about it,  along with ALY of course.    Keep an eye on BT's chart and it usually gives you a good clue when to avoid these kind of things.

cheers,

Update on Monday, September 11, 2006 at 12:48PM by Demi/ YourPersonalTrader

Never forget what sector your stock is in. The charts(ALY,BTJ, NEU) as BT pointed out were on the verge of falling off a cliff with any further downtick in the oils...3 weeks later these are just above our first alerts/list price. I'm sure the recycling program will kick in and we will be looking at these again.  The point of our list is well served by FNET today, if you didnt get in Friday, today was another opportunity to catch a nice entry. List it, watch it,watch the tape...etc...Stocks dont break volume records like FNET did friday without getting noticed. ANGN..how come it didnt get this action back in March when I listed it off earnings..;(. wonder if any of you have held this through to this day? Congrats if you did. I'm not sold on this gain but will be around as long as volume stays.

Update on Monday, September 11, 2006 at 08:24PM by Jon

Just a follow up!    The runup in FNET and ANGN today is nothing short of breathtaking.    Fortunately, it did not paralyze us from taking some off the table near the end.    Again, this is very automatic for us when it comes to playing fast movers.    Will these movers gap up and perform another runup tomorrow?  Who knows and we'll believe it when we see it.    Though you can't just retire off one or two of these kind of plays, but you can make a pretty good living trading these ones smartly.    Maybe the trading environment has changed somewhat since it's been a long while when a stock doubled in one day.   Hopefully this sets a stage that traders are willing to chase this kind of earnings movers and we might just be in business when earning season kicks in.   If you miss the runup, don't worry as there will be plenty of opportunities that'll come up and for as long as DJIM is up, you'll likely catch them early right here on this site.

Update on Monday, September 11, 2006 at 08:49PM by Demi/ YourPersonalTrader

Wake to overseas markets slashed, metals, oils gearing for 6th straight down and we end up squeezing the life out of two 3 MM floats in FNET,ANGN oblivious to the rest of the market. I know there is fear when a stock is up 80% but we're not gonna bring it up unless we think there is room for more. The price at post was 7.50's(80up), AH price has hit $9..that's another 20%. Again FNET was mentioned as it broke fridays high..post time was about $8.80, traded over $10... 10.25AH, thats another possible 15% on FNET. You could only squeeze so much.. Better education is the charts posted now after the DJIM runs, keeping sharp if the oil related ones turn than it is to have the FNET/ANGN charts done tonight.

Update on Tuesday, September 12, 2006 at 08:25AM by Demi/ YourPersonalTrader

Unbelievable.ANGN...took some more off 9.90premkt here....this is so in play it brings chills down my back remembering these 10k bids at 9.90's I've seen before .

EDU entry at $22

This is a recent IPO($22.00).   The company is based in China and it provides  locals with english lessons and prepare students for all kinds of academic tests.   The growth is great and the potential is there.   In addition, the company is profitable. We bot some earlier today as it may begin to move out of the range.    We'll add if it strengthens up.

We are also trading some GROW(32.20) today as the action start to look a little interesting now.

No FNET for us today as the day trading opportunity is just not there, but who knows it may come later on but so far it looks a little toppy.

Update on Wednesday, September 13, 2006 at 11:18AM by Demi/ YourPersonalTrader

IAAC got a delayed 24hr reflex shot yesterday as its biz is commodity related..overblown simply. Close eye on it on the footsteps of GROW's action. This is volatile and will remain so!...CPY adding on, WBD nice move

Keeping Focused...

Even though it seems every low floater with better than average earning is getting played as if it's the next big thing, we still have to be focused and catch some real opportunities.     Stocks like ANGN RFIL FNET in our opionion are just runners.   When you catch them, great, if not, no biggie.     Here's some update on stocks we are trading today....

EDU,  what began as an accumulation/chart play for us turned into a spectacular show throughout the day and right to the end.   We like the story and its action and this is looking to be a beginning of a leg up.       The beauty about these IPOs, there's no resistance and we can literally ride it as high as it wants to.    It's a profitable Chinese IPO with a relatively low float that happens to trade on NYSE, and it has decent earnings growth, and any more fundamental research is redudant at this point.    Hopefully this one will do some wonder for us. 

http://djmarkets.squarespace.com/charts/eduisnew.jpg

GROW, they shook the tree and alot of players fell off.   Well you basically have to see it to believe that the play is not over.    We are not arguing about the earning quality here, just stating the fact that the action today and yesterday looks good for a long trade.

IAAC, as Demi mentioned before, the selling may be overdone due to the commodity selloff, we bought some and looking for a bounce.

other stocks looked strong today include ANST GRB WBD CETV ANGN...

Some DJIM stocks update

IAAC, this one is getting whipped badly today.    This is the case where if you are unsure how this debt financing is going to affect the stock price, sell first and analyze later.    If you were quick, you'd get out with some minor dmg or even some profit from last couple of days.    It did bounce off 50ema but we aren't thrilled that it is near the 50ma as oppose to the year high.    Depends on how it performs next couple of days, in a most likely scenario, we'd be avoid it for now.

GROW, we are in a watch and see mode with this one.

EDU, if you haven't lock up any profit, it might be the time to do so today.    We are liking its action and will be adding if it pulls back some.

GRB, as Demi has mentioned, we are removing this one from the watchlist as it just does not present an optimistic setup for us anymore.    Even though we think that it might be tradable for some change here and there but we'd always look for setups that can potentially give us a 25% return or more.    So, time to move on and focus on other plays.

BTJ, this one is likely to be kicked out of IBD today if it doesn't close above $15.   Even if it does close above that, it feels like it's just a matter of time it gets kicked off.      This is too bad b/c if this stock is in any other sector, it may have seen mid $20s by now.

SYX $13.40

We are adding this one to our watchlist this weekend.    You'd wonder why we are doing it now since it just had a 60% runup?    The reason is the stellar IBD rating 99 99 this stock carries since its earnig report not too long ago.     We've started buying($13.40)  little today in anticipation of an IBD runup next week.     We'd be adding on further dips as long as it doesn't violate major trendline.

Update on Saturday, September 16, 2006 at 12:32PM by Demi/ YourPersonalTrader

When this niche computer maker (SYX) was first spotted on day of release AH, the .48 vs .07 was basically ignored. SYX must've sold everything but the kitchen sink to get this EPS and what would be left would be something closer to .10c. Well, there was a one time gain but it was for .12c leaving the Q at .36!!. A company that has revenues in the 1/2 a billion a Q pulling this off, pretty impressive...not the typical DJIM play b/c most of our plays don't make that in a lifetime;). There is really not much to know at this point in regards to their financial #'s except what IBD gifted them with and that's a bunch of 99 #'s.  A neg, the 'spinach' could be the filing issues, so do your own DD as always!.  We have watched this creep up, scratching our heads waiting for true momentum to come, NYSE most likely the culprit as its the last place you look for momo.... EDU the exception:)...This week we started to hope for a pullback to initiate a starter position. The action was a little ugly end of the day, you never want your stock to finish at the lows of the day but it was on low volume and on a Friday after a nice run. Another possibility for the action is a select few wanted to retest the high area and then quickly get it to test the 9ema (12.80-90) area setting it up for a IBD kick soon. You all know our thoughts on the 9ema, especially for exits after a run but you also know many wait for this spot to initiate/start a position. Pure speculation on this close and the possibility of IBD hype coming next week, but we know there are too many that like the 99 position SYX is in. The volume has been steady 200-300K, hardly topping action it seems for a very reasonable float. Next Q's comps to beat are .04c. No coverage, we always like that as there is no one to knock SYX's drawers off out of nowhere.

http://djmarkets.squarespace.com/charts/syx15.jpg

FOMC

Meeting is a day away!    We are not trying to analyze the whole situation like an economist but rather trying to focus on the potential trading impact surrounding these kind of events.      Market is suggesting a pull back ahead of the meeting at this moment and it does feel that it might be the right  idea.     The trading environment is usally choppy around a FOMC meeting.  Recalling from the past, the small caps either don't budge that much or get taken down by the index.    We've lightened up quite a bit yesterday and also further trimmed our positions today.    Keeping some skeleton shrs of our favourites here and there.

So what to expect?   Nothing!   Whatever is going to happen is going to happen.   We just have to react to the action accordingly, and deal with it afterwards.

Post FOMC Meeting...

This is actually one of the least volatile FOMC meeting day for as long as we can remember.   From hours before, minutes after the announcement, and right through the end, the index probably hasn't moved more than 10 pts in either way.    Obviously traders are complacent about what they are hearing and most people liked this action enough.

For the DJIM stocks, of course we are having another great day.

SYX, this one was posted last week b/c we thought it has the potential of making an IBD run.   The stock hung in tough in the 13s during the last few days despite some intraday weakness here and there.   Alas, it's almost inevitable that these 99 99 rating stocks will always come through, given the appropriate float.   It definitely didn't disappoint and busted through that all important $14 psychological mark.    The rest, is just history.   We added quite a few today welcoming the change of pace of trading.    The volume today indicated there's more(positive) things to come.   Momentum again is in the air and we can definitely smell both greed and fear(of not getting in).    How high will it go?   Nobody has crystal ball but if you trade according to the action, these kind of stocks usually give you more joy than pain.

EDU, we added some of this one here and there throughout the day.   We like its action and think it may put in a bottom around $26.50.   This may not have the IBD kind of momentum but the buzz and story behind this one is more than enough to make this one to go significantly higher.

We are also adding BDC SIM(IBD play)and CSH to watch.  

Some Update

Ok lets jus get right to it...

SYX, this stock is just following through nicely.   We didn't do any addition but have traded it a couple of times already.

EDU, this quiet action to us is a prelude to another leg up perhaps?  We'd like to think so and once the volume picks up on the right direction, we'd be adding more.

CSH, this stock gapped up and amazingly it held the gap most of the morning.   We added some when it looks like it just wants to go higher.

CETV, analyst day and Demi was quick to point it out.   Action looks good.

NGPS, most of us have probably had this one on watchlist for a while.   If the breakout today holds, we are adding it to the DJIM list for top trading prospect.

SIM, this is a steel stock btw, in case anyone's wondering.   It's definitely in an IBD mode but we would caution ppl that it does trade in tendency with the rest of the steel sector.   Our feeling is that if it can hold at least high 14s through tomorrow, chances of it going making it to IBD is pretty good. 

ICE, after a couple of days of pullback, this one may be setup again.   We are watching this one closely today for possible entry.

one last thing, people don't forget to go check our "market chat" section often since many ideas, charts and news are posted there periodically throughout the day.

cheers,

Update on Thursday, September 21, 2006 at 11:58AM by Demi/ YourPersonalTrader

....isn't it fun to hold DJIM stocks when the market is surfboard flat;)

..a few cralwers

CPY...coming to $46..imagine some volume on this one

AMIE...nice turn and back near highs.

DGIT and others...

DGIT($10.25), Co. raised the guidance for the next quarter.   They are estimating for 18.6 to 19 mill, which is about 2 mill more than the last quarter.   The stock is breaking out on this news and we are looking for follow through.

SYX, yesterday proved to be a good time to buy.   Will it make it to IBD this weekend?  keep your fingers crossed.

ACOR, what goes up must........... consolidate.   We locked in some nice profit by reducing some exposure to this hot potatoe.   Will it continue?   It might and when it breaks new high, we'd be there.

IAAC/FNET, both playable for follow through if they get a good close.

also keep an eye on MR, an IPO today which is based in China and sells medical device.   It looks pretty sexy.

Market Update

When technology IPOs like RVBD DIVX get bid up the way they have been last few days, we just knew that this market is in a very good mood.   whether this mkt is healthy or not is up for debate and fortunately for DJIM traders, it's the least concern for us.    What we are seeing is definitely more and more tradable small cap opportunities.   It does feel like this is one of those time of the year where all our time, capital, effort and focus need to be put where it matters.

TRT,  there's really no need to add to what we've already said.   This is in our opinion the best small cap stock we have seen in a while.

SYX, this one is a tough call.   We hope that those who bought it during the pullback have taken some off the table because there's always a possibility of repeat of last Friday's action.

IAAC, take two!

MR, we are keeping a close watch on this one as it's still currently working off the IPO inventory.   We like this story and think this is right up there in terms of sexiness.

EDU, check out BT's chart on possible course of action.  

DGIT, it just feels like it's just a matter of time before it moves, hopefully higher.

Keeping Focused...

Some mkt gurus are blaming the rise in indices recently is purely due to the large caps where small caps are largely lagging.   We at DJIM would like to dispute that theory whole heartedly.   Other than RIMM, pretty much all of our plays have been gathered around small caps.   There were plenty of opportunities here and there and we recall no less than 5 good plays at given time.   That's really enough to take advantage of and make your portfolio stand out.    Of course, we also admit that lots of focus, time, and energy are required in order to make the best out of them.   Then again, you just can't get good at anything without dedication and hard work.     Ok onto the plays....

TRT,  very very resilient.   This actually reminds us of this mkt.    It just won't go down.   Ok, we are not wishing for it to go down but even the best stock needs a pullback sometimes.    All we know at this point is that if it pulls back, we'd be adding it very aggressively.     What if it continues up without pausing?  Then in that case, this will be considered an extraordinary stock.   We definitely have very high hopes for this one as the earning season draws near.

SYX, ok so it made it to IBD#2.    We are reducing some exposure today as we think the near term catalyst may be over.   This thing may still have legs up but it can only be attributed from overall mkt action and its own chart action.   I'm sure BT will be on top of it.

MR,  can it break $17 and hold it?   So far the first part came true but we'll have to see about the second part of the equation.   We will likely add some on its way up if action does not disappoint.

Also so far EDU DGIT IAAC in our opinion are still holding their end of the bargain and ready for a potential move upward.    Over the next few weeks if not months, DJIM will be very busy as historically it's always been the time for our small caps to shine.    We just have to really focus up and gun down some big winners.

cheers,

Update on Monday, October 2, 2006 at 09:42PM by Demi/ YourPersonalTrader

SYX- MRVL" ....The co believes the shortfall of demand is primarily due to a combination of weaker than normal seasonal shipments in the personal computer market ....."

AZZ

AZZ (36.90)If you are as unfamiliar with the galvanizing technology as we are, it is ok! lol   The story behind this one is its latest earning.   We have actually traded this one occasionally on and off for a long time.   The reaction(volume wise) to the latest earning is the best we've seen during the last few quarters.    The reason we didn't post this one on the day of the pop is b/c we aren't sure if it is going to hold(filling the gap possibility).   We've given it a couple of days of observation and think it's definitely a good idea to establish a position now.     The stock is relatively cheap given its growth and valuation.   The float is also very small and the stock trades rather thinly.      Also we have to mention that a secondary play is NGA, but that one has long felt like damaged goods.

TRT, well it's pulling back and we are adding some.   It bounced off 9 ema like all the other good stocks do.

DGIT, as Demi pointed out, it got a mention from briefing.com   This may actually get some interest next few days.

ACOR, there's a possible bounce action developing but this one is very volatile.

Rational Behaviour..

We wish there's an easier way to explain market's action today.   Of course, if your account is under performing(in a relative sense) compare to the index, you are probably among the 99% of all traders out there.     What's really surprising us is not the reason why the index is up, but how it's been holding up in such a resilient way recently.      Here's a question, how would any of our stocks perform if the Dow is only up 50 pts and Naz up maybe just a few pts?   Our guess is that most of DJIM stocks would still end up closing where they did today.     Ok on to some stocks...

TRT, after 1 1/2 day of pullback, this one finally seemed to find its footing on its own.    Put it this way, one good rush can take out its old high.   This is a very low float stock and naturally the volatility comes in the same package whether you like it or not.   Give room to allow it to tilt either way but as long as the overall trend is up, you just have to act according to the overall theme.

RIMM, after a couple of days of consolidation, this one is finally moving on very healthy volume.    This one is more tied to the index than most of our small cap plays so it's prudent to track COMP while trading this one.

SYX, this one got a new closing high and is looking healthy.

possible setup for tomorrow  NGA IAAC ANGN CVLT

Nice Action....TRT,SYX,IAAC,ACOR and more

Ok, so the action today is more than just nice.   What it feels like is that market finally gave us what it owed us for a couple of days, action in the small cap land.    Still, indices finished up very nicely considering where we are at this point.    We can definitely conclude that market is riding on a high note going into the earning season which starts next week officially.    Now the DJIM stocks...

TRT, this one had a much better follow through than we expected.   Not only it took out $11.50, but it closes near the $12 mark.    We don't know if it's going to take out the high any time soon but we do know that $10 feels like a distant memory.    Now that people have seen how far it can pullback, it is only logical to think that they'd be lined up to buy on any pullback now.    Of course, we'd be in there doing the same thing.    Idealy, we'd like to see TRT trade in the range(consolidate) for a little longer before pushing for the next level of higher prices.   Looking good!

SYX, slow and steady!   In terms of percentage, this stock moves nothing like those little biotechs.   In terms of following the trend, this one is beating the little runners hands down.    Alot of the action is definitely due to the strong indices and maybe some IBD rated buying.   As long as the market is in a rosy mode, there's no reason not to own this one.

IAAC, it broke out today, on very good volume.   Although it didn't close near the high, but it closed good enough to generate some more potential follow through in our opinion.

NGA, also broke out and it looks like it should be able to sustain its move for a little longer.

ACOR, save the best for last perhaps? lol   This one definitely has the best momentum out of all of the stocks out there, whether you are comfortable with it or not.    As noted in MC yesterday we hardly thought ACOR was done because of the private placement and today we acted on it as it was about to attempt the days high (also an area where it churned yesterday, see chart below). It turned out to be a good move, and actually it turned out to be a great move.    We are not here to debate the legitimacy of the co. or its potential outcome of its drug so we are merely sticking to the trading action.    DVAX also got a boost today b/c of positive study results and this thing may also get some carried over momentum.   However, we still think that ACOR is by far the sexier of the two  in terms of story and float.

RIMM- traded nicely after yesterdays big day closing near the highs of the day $110. A nice chart like many others here into fridays action.

..JUST CLICK THE HIGHLIGHTED GREEN TO ENTER MARKET CHAT...CHARTS UPDATED FOR FRIDAYS TRADING DAY.

10/05

DJ DAILY DISCUSSION LOG in Market Chat

'Demi' replies » We have taken another position in ACOR here in the low 11.20's