Three and a half hrs left....
Thursday, November 23, 2006 at 07:39PM
Demi/ YourPersonalTrader in CAAS, CMT, EFUT, GMKT, GROW, JCG, MR

Still 3.5 hrs left to feast on this holiday trading week....do you have it in you?.

Wednesday premarket we noted JCG, J Crew which has been undergoing a turnaround since 2003 with a new CEO.  JCG came out with stellar earning and raised "G". We're not big on trading retailers but this one had a nice chart and the flavor of IPO still over it as well.  Hey, its not Limited Brands inc, (LTD) that we could do some serious due diligence work on over the holiday up here in Toronto... but with XMAS shopping season around the corner, this preppy clothier might stick around the DJIM books if it continues to gain interest. Of course, its Black Friday weekend so you have that to consider all the upcoming news into a potential retail play for your book.  The stock traded up to $38 AH's Tuesday, the open dipped into the high $36's..a surprise with nothing really behind it, this definitely looked like a buy opportunity to us..  Soon the stock picked up and it was not too much later that we entered as it started to catch some air. There are 100's of releases this time of the year, we are selective in putting things up you might want to look at during extended trading hours, DJIM alerts as well.  JCG was one you should have been watching early on with us.   CAAS's crazy one day run recently might have given you reason to check back into this Market Chat feature.

 

Another highlight was the move in the heavily followed DJIM stock MR.  Not much you could say about it except it managed to tack on another $1.50 after being alerted to with the follow up on JCG in the morning.

CMT, this late day alert Tuesday in the very low $9's put in a very good day closing in on $10. The chart looks excellent for this steady mover and it's IBD #'s are getting interesting enough to get some attention in our books.

GROW, GMKT continue to provide the best trading opportunities while climbing higher, buying the dips is not going out of style with these G's.

RVBD is providing the best opp in the recently followed DJIM tech names and is really the only one we have interest in trading...DIVX might be shaping up but the SCNR, TWLL, TRT, UCTT need further consolidation and/ or a breakout for us to get interested again.  Be careful tomorow, false breakouts may occur on small volume, best to pocket some gains because they can evaporate quickly come next week.  

EFUT, CAAS are teasing and might be playable tomorrow again, we just wouldn't be holding them into the weekend.

 

 

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