Thanksgiving week...
Monday, November 20, 2006 at 08:43PM Traditionally, this has always been a good week for traders. With a shortened trading week and many people left for holiday, there's really not a lot of action going on, unless of course you knew which buttons to push. This has always been traditionally a good week for small caps. Less trading volume means the retail traders can push some thinly traded or low float plays around. Well, we think there's not so much of a difference between a retail trader or an institutional trader anymore. You can either be a professional retail trader or an amateur institutional trader. Either way, we all balance each other out in the heat of the action. Today we had some consolidation among some of the runners from last week and we also had some new breakouts and follow through from some plays as well. It's never a dull day in November's as we say. Here are some highlights..., it's definitely one of our favourite stocks today as basically the whole Chinese theme is just getting more momentum one play after another. This one definitely broke out today and we added a few to anticipate some further upside. This one was a DJIM alert mention as a watch off earnings last week and again today.
GROW, talk about a stock that just wouldn't give up any gains. Once the traders figured it wouldn't go down, the natural instinct is to bid it up, without hesitation.
EFUT, what a late day run it had. If you are quick enough, then you'd probably caught a couple of points off this already. It's interesting to see how this one plays out tomorrow, but the probability is high that it'll have a run some point over the next few days. Again, this play has absolutely nothing to do with fundamentals, purely demand vs. supply, traders against traders kind of deal. We pointed EFUT out last night as a trademark play for this week.
EXLS, we are using the opportunity today to add back some on weakness. We feel that it's a matter of time this one gets some good action going forward.
ZOLL made a move to last weeks highs before retreating...hey its TKG week and you can get nice advances on average volume all over the place.
RIMM, the big firms are trying to outdo each other. Last week, it was UBS with a $160, today it was MLynch with a $165 target.
TRT, If this was a reco. before the open and if you bought the reco. you really have to question the timing and if you're being toyed with . Unfortunately the same that chase ruin the day. This was the case here as TRT ran out of gas.
What's so odd about this week is that we are actually coming into this week with some huge gains off this market... it really makes this week kind of unimportant in a way. But of course, there are always those who haven't made most out this market last couple of months and are dying to make it up somehow this week!
