DJIM Market today...
Tuesday, December 5, 2006 at 09:32PM Maybe it's not a good thing, but days like this we are completely oblivious to the market shenanigans. It seems there is only one market today and that's a DJIM market. Supposedly...the market was resting today, probably got a little fat since Fridays run began. This didn't stop many of the DJIM stocks, they just kept on rolling along...
GROW, lets not greedy folks!!..that's a 17% trip off the latest alert to the $60 top...Yes, we said top...as in a possible short term top. So, not to be greedy we were unwinding our position. We've left enough to call ourselves happy GROW investors and we won't be far away to load up again.
JST, this one said.. hey I have a passport too and joined the Asian stock run-up. This was simply a case of the chart catching up to the rest of the action in DJIM land. If you stared long enough at BT's JST chart, you probably had the idea of a potential big break coming soon.
EDU and HMIN...these two looked like they had a bet as to who was going to get to highs first. These two have added on about 10% each since Friday, today EDU ended with a NCH.
We have been pulling some profits off as any good trader/investor should as they go along...especially if its a quick 10-15% here and there in just a few days...But..instead of sitting on it too long, we've been putting it back to work. Opportunities are presenting themselves every day..sometimes its earnings, sometimes its the look of a potential set up. Today, we added a small starter in a couple of familiar names in AXR and DLB (comments in DJIM alerts). Other strong stocks of interest today were also familiar names from around here..ALY FTEK BIDU IAAC.
