DJIM list #1 for 08/18-AMIE ($29's) WBD, HWCC

 AMIE, INPH(J), WBD(D) / ICLR(D), NCTY, ALY(DJ), FTEK, HWCC, PWEI

Update on Sunday, August 20, 2006 at 07:35PM by Demi/ YourPersonalTrader

Charts for above:   http://tinyurl.com/pajch

Update on Sunday, August 20, 2006 at 07:55PM by Demi/ YourPersonalTrader

ICLR- came into focus following EPS end of July, .65 v .42c, revenues up 25%, beat by 10c, raised guidance. Outsourced drug and drug develop co' announced split friday. Will add more on breakout, quiet thin yet has 7 houses on it..split makes sense.

Update on Monday, August 21, 2006 at 02:16PM by Demi/ YourPersonalTrader

dropped INPH off watch(still dont know why it moved), HWCC the star off WL today(BOT)

Update on Tuesday, August 22, 2006 at 08:28AM by Demi/ YourPersonalTrader

AMIE- a watchlisted stock, Aug 22-Rochdale initiates Ambassadors International (AMIE 29.36) with a Buy and $42 tgt as they believe the consolidation of the cruise industry and focus on large ships has made orphans of smaller, luxury cruise vessels. Firm believes a fleet of smaller, luxury vessels could gain scale and be highly profitable...

Recently held this after earnings, heavy insider buying after EPS, you might recall the management family name, Peter Ueberroth. This is a small house tgt but the stock is extremely thin.

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.

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. 

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.

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,

Update on Monday, August 21, 2006 at 09:18PM by Demi/ YourPersonalTrader

UIC- big EPS winner last March-April for us is back on close watch. Chart , way off highs+ press of unmanned tactical aerials

Update on Tuesday, August 22, 2006 at 11:42AM by Demi/ YourPersonalTrader

UIC- BOT trading under 51, up nearly 3% on day, needs vol for a nicer move.

CTCM ($22), PGTI hurricane play ($14) possible bounce plays

2 recent IPO's with excellent earnings that have retracted to bounce levels. PGTI at 14, CTCM low 22's...looking for a hint of volume to jump in.

Update on Friday, August 25, 2006 at 10:03AM by Demi/ YourPersonalTrader

PGTI- If you put this one on watch you are getting a nice bounce a few days later. Mentioned yesterday in Market chat.

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.

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.  

NWPX ..a possibility one day(intro)

NWPX- a 26M contract to lay some pipe this am is a opportunity to share this past EPS favorite. Might also be in position for a trade soon following a retracement to previous resistance levels of April/May levels. The contract is on a larger scale but what matters is you have a feeling for the mood of its sector before entering into a play. Trades thin as well. So be prepared to hold if you ever get your hands on it.

http://stockcharts.com/h-sc/ui?c=nwpx

MID-WEEK

Despite a weaker bias(Nasd off 30pts) this week, our stock list from the weekend of holds/closely followed has remained strong. Only 2 or 3 finished slightly down on todays reversal. Add the opportunities in NUE, UIC and now what might be the best going forward in BTJ and you have a pretty good week so far.

GRB initiated at $15 on EPS

GRB- GERBER SCIENTIFIC-closed $14.42, No baby food hasnt gone high tech...it's a sign making, speciality graphics, automation co'. This one came on our screens recently following a blow away 4th Q, this time they have reported .09 vs (.05), beating avg estimate by a .2c. Revenue growth of 7% as expected but the words "our resurgence in China' is a look ahead. Its been resting since hitting a high of $15.85, weekly chart looks v-good. BOT a starter position

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,

Update on Thursday, August 24, 2006 at 02:24PM by Demi/ YourPersonalTrader

Late day buying all week ....always a good thing to see, maybe this 20pt NASD reversal has some juice into todays close.

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...

..Some Journal watchlisted stocks

WBD - trading above 46 on some volume today at breakout levels

ICLR- need a little more and it breaks, looking to add

PGTI- original thought was a hurricane play, seems Briefing has put it up as one (see Tcran in Mkt chat). IPII has already moved and PGTI is the 'hurricane code" play.

Update on Friday, August 25, 2006 at 12:11PM by Demi/ YourPersonalTrader

ICLR---Volume just doubled with 2 10k lots(low $70's). Could get interesting.

Update-Closely watched/Holds

A week of low volumes, no buyers and no sellers in the market didn't stop a few DJIM highlighted to have some nice moves. When holding a basket of stocks, I like to calculate the weeks trading in points +/_. Adding, subtracting all the moves no matter if it's a $10 or $50 stock equally. So in keeping with this, the weeks alerts, Sundays hold/closely watched hit list provided opportunity for up to +4pts w/NEU, HWC+3, WBD+3, a few pts on PWEI, UIC..a pop on PGTI. The biggest % gainer had to be BTJ for as many as +3/4 pts. At the end of the week, 2pts here, a few here and there add up and you have a pretty good week while those in the indecies watched the paint dry. You don't have to be a full-time trader to walk away with a substantial portion of the points mentioned. Even buying BTJ the day following mention, a slow moving WBD type or catching a fast moving NEU and you still walk away with more than a handful of points into the weekend.

The only stock we took off last weeks hitlist was INPH(see 08-18WList log), the volume was just not there. We are keeping to the same stocks going into the week with a few additions to keep close to you. Also with Ernesto in the path we might get a shift into some sector momentum trading, our lists can change quickly and we'll let you know what we see as will some others who have been with us for more than a few years now from the Swamp, Sharkinvesting.com, TradingZoom forums.

One possible play mentioned here is PGTI, late last week Briefing put it at the top as a Hurricane play.This is primarily a Fla. company where codes are taking course and where it gets the chunk of its revenues, soon the Gulf states will have to get in gear. As with almost all plays, the base is stellar earnings...hurricanes or foreign beverages(WBD). A possibility with Ernesto is Light crude kicking over the recent $73 and change level that might really drive that sec.as well....Names, ideas are open to discussion in Market chat. Going forward the market might consolidate further until the Hamptons empty and the real buyers or sellers get to their pretty window views. With or without them opportunities for momo trading like last week should still exist. Remember most names we toss around have EPS that is above the average, this serves as a base for sometime unless the market turns as is the case with anything else, except the smaller floats that catch the momentum up, catch it down as well. It's really about entry...you snooze, you lose at the top. Investing in these earnings plays is not out of the question for longer swings, It just depends how much volatility you can stomach..just don't take your sweet time and decide at a Friday's close to enter a position in a BTJ move.

Anyways...the lines are clearly drawn on the DJIA, SP, NASD100 as to what is support for the market. Here is a list of hold/closely watched going into Monday. Most can be found in BT's charts.

ALY, BGC, BTJ, CTCM, FTEK, GRB, HWCC, ICLR, IPSU, LXU, NEU, PGTI, UIC, WBD....we could add a few more but we worry Blacktruck might run out of paint at this pace;