Fun filled day...
Wednesday, November 8, 2006 at 07:10PM for the Democrats? Or is it in this case for the DJIM followers? lol So the last piece of news that caught our eyes isn't CSCO's superb earning or guidance, it's GROW's split announcement. It's definitely not a good way to PR pump your $30 stock. But hey, we are just mere mortals and if the announcement gives action, and action creates opportunity, we'll trade it. Now to some real movers....
EDU, we don't know the reason why it jumped this much but we are glad that we held our shrs last few days and added promptly on the break of $26. It pretty much gathered strength throughout the day as traders tried to play catch-up. Can it break its old high? It's definitely setup to do so and it'd be very interesting to see what happens after it does.
RVBD, is this a sympathy to CSCO's earning perhaps? We think it probably will be come tomorrow. Oh, it also broke out nicely today on good volume.
BTJ, OIH is definitely trying here. This kind of sector move benefits some of the little ones the most. There's also of course MEK and ALY and all three are running for various IBD100 spots coming this weekend.
TRT, a few readers emailed us on this former mover today and we think it has potential. As we said many many times before, if the insiders stay out of selling, we can get some sustained movement up. Believe it or not, those insiders always tend to pick the "best" time to kill its momentum. Maybe they should run a short fund or something since their timing is just so impeccable.
RIMM, well, you can put this one in the book now. Another 25% gainer for us (see DJ Archives) and it may not even stop here. For a large cap where you can literally buy millions of dollars worth, this is not a bad return for a month of work.
SRVY, this one came out with earning this morning and what caught our eyes is the trading action. The number may not seem spectacular but it's apparent that there are some who really like its story. Lehman for one who raised estimates immediately.
AAON, finished up at the high of the day. More below.
Other stocks that we are trading/watching today include recent DJIM stocks SNCR DIVX APLX AMIE FTEK plus GDP BIDU OMRI TRMS and CMT off earnings.