Maybe! But one thing is for sure, it's definitely easier for us to start a topic today, as would for anybody who follows/trades this market. So, we are not going to start with the obvious. What we are going to do is to point out the things most people aren't looking at, and if you already knew by reading DJIM, then you probably wouldn't need to read further but if you're watching CNBC or chasing headlines at Briefingcom ...this is new to you.
It isn't exactly hard to make money today. It's definitely a little bit more of a challenge to make the most out of the day's action, you simply are better off being in the right place, the DJIM hit'hold list is a perfect start if todays exploits are any indication. What we noticed today is a carry over of our strong names from last week. Particularly, the ones that really stood out in the crowd from last week were really off to a great start today. There's definitely a theme going on, Chinese + Russian! Throughout last week, some of the stocks from those two geographic regions held up really well, and during the last couple of days, capped with today's action, just simply took a lot of our breath away. Here are some highlights....
GROW, ok, this one to us, probably needs a passport of its own. Believe it or not, this one is shaping to be one of the best stocks this year. How did we really miss this one at the 9 buck days? We were trading back then but never had any vision to see this one going to this level, and possibly higher still. Of course, we didn't make the most out of it, but we sure made a big chunk out of it since we caught the break in the $24's on DJIM as should everyone who has read DJIM from September 1st. With an all time close today, it's really out of anyone's hands to know how high it will go from this point on. If you missed DJIM Alerts today, you missed the majority of the move.
MR, steady as she goes. It just seems it's getting a lot of positive things going for it. And, it also seems fair that we discovered it, loved it, and were pounding the table for it since 10 points ago. This one sure doesn't have the kind of volatility of GROW or some of the others, but believe us, we have no problem trading 1000's lots at a time with this one either. It's definitely been a sweet ride so far. Despite its hefty percentage gain, we still like this one as one of our favourites.
MBT, VIP..all we can say is SPACEBA!!...Is there anything we missed since introducing this idea premarket last Wednesday?. probably not, but we can add that the early court action in VIP from 77 to 83+ today was spectacular..it was purely Sharapova!...okay back to trading, we keep seeing this over and over and that is a fear of buying these expensive stocks and instead looking for the $1 out of RNIN type, a under $10 stock. We pointed this out on DJIM when we bought RIMM at $99.00, we said look at it like its a $9.99 special...cause recently that special was worth almost $15.00 or $150!. Simply...some miss some great runs in expensive stocks and its a shame!..VIP has gone from 71 to almost 84 in 4 days...almost 20%, in cheapie terms from $7.10 to 8.30+... Finally, yes like all flyers these will have to slow down and consolidate some, sooner or later.
ZOLL, was today any surprise?, it was just a matter time and most of DJIM readers knew this from our $46 to $54 day run. Every stock needs to consolidate at one time or another, ZOLL did a great job holding $50 and was never really far from its highs for the past few weeks. Friday was a second touch of the 9ema as we had noted under the ZOLL chart yesterday, if today proved to be a good market day... the follow through should be greater than after the 1st touch. Boom!!..if you blinked you might have missed the morning action, don't forget the float..the 46-54 day should have told you this ZOLLami can get hot and spicy really fast!
We pointed out the action early friday, EDU and HMIN were mentioned along with MR. Part of DJIM trading methodology's is recycling stocks we know are capable of more moves, you could search and search and won't find anything better than what EDU introduced here at $20 has produced.. This one has legs!...It's on its 4th pair at DJIM, all the moves have been quite substantial and again EDU is not far off its highs. Going with the same idea as Friday, we threw out HMIN again on DJIM alerts at $31 for those that might have forgetten the idea...1,2...and HMIN was number 3 as it hit 32.70's. This one is still in the shadows, but we think the volatility, its trading ways might bring it more attention in the near future.
Jon/Demi