Wrap Up
Tuesday, August 22, 2006 at 04:14PM
Jon

I think we can all conclude that what's hot yesterday may not be hot again the next day.   Nonetheless a different batch of stocks carried the torch today.     There are a couple of movers directly due to earnings and I went long both.

BTJ,  as mentioned in earlier post that it shot up on earning and it in fact closed near the high of the day.   It looks encouraging based on the close and hopefully this draws some crowd and it may eventually become a good play down the road.

HURC, it also popped up on earning but not on as crazy of a volume as BTJ did.   I did buy some and am looking for some quick spikes next couple of days.    I don't have as much faith in HURC as in BTJ as HURC's earning is merely meeting expectation.    The trading from HURC has been tough in the past and I'd expect the same this time around.

UIC, it picked up some pace today and if it wasn't for the reversal of Dow, I'd swear that it can pull a move like NEU did yesterday.   This one is definitely on my top five trading list.

a total surprise for me is IAAC where it carried another strong day.   I have no idea who's playing this one this aggressively but I feel it is getting a bit extended.   however, this stock has the ability to surprise you on any given day, good action or bad action.

some stocks either closed near the high or finished strong  including FTEK PWEI NCTY NVEC...  holding some thru overnight and hopefully can flip into morning chaos.  

Article originally appeared on Your Personal Trader (http://www.yourpersonaltrader.com/).
See website for complete article licensing information.