DJIM wk#7 holds/ hit list
Sunday, October 1, 2006 at 06:00PM
Demi/ YourPersonalTrader

Not many changes heading into the first trading week in October. DJIM reshuffled the list early in the week. http://djmarkets.squarespace.com/journal/2006/9/26/djim-updated-holds-hit-list.html

Last week was highlighted by the TRT run, the re-entry on SYX for a 2nd run for the roses which ended with IBD#2. Both of these have been highlighted here in detail for the past few weeks and a little or a lot of locking in profits is always a good idea. The week also saw the recycling program in full bloom as we unlocked a few nice trades highlighted in MC/Journal... IAAC(twice), EDU off $22 and a quick SNCR bounce off the 9ema and the biggest in ACOR. We added MR an IPO, DGIT which raised guidance as well as giving RIMM a whirl on their big guidance hit.  On friday, 16 of the 19 IPO's that were added to the Russell 2000 friday night got taken down an avg of over 3% to fill, each taking a reshuffle trade of $100-700K at the close, at or near the days low. SNCR and TWLL were victims of this and are on the DJIM ropes. The action friday was definitely skewed for all the IPO's but unless these two reverse quickly their time with us might be over after a few nice trips.  CPY, CETV acting fine, watch the charts.  All charts refreshed for Mondays trading.

Article originally appeared on Your Personal Trader (http://www.yourpersonaltrader.com/).
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