Your Personal Trader - DJIM Journal '06

We have an interesting day so far. Index is up as if we are starting a fall rally already. As far as the kind of stocks we are concerned here, they're also getting some interesting action.

BTJ, well as if we are gonna start talk about something else today. We believe it's a combination of "sell on the news" and slight disappointment of "it only came in at #14 on IBD". No matter what, BTJ does need to rest. What's so interesting about this play is that now it's on IBD 100 list, but at #14 spot, what do you do next? It still has eps 99, rs 99 rating but yet it's no where near the top. My strategy is to play it on the long side b/c as long as there are people who believe that this thing will eventually move to #1 spot on IBD100 list, there will be plenty of action. Volume is great and potential upside is also great. Depends on how it closes, I'm either going to buy some back if it closes well (around $18) or wait till tomorrow if it closes poorly (below $17.50). As it stands, 9 ema is around $16.20 and if we close poorly today, there's a shot that it may try for the 9 ema tomorrow. In either case, I will start buying aggressively starting tomorrow.

UIC, if you don't like the volume, then you must like the action. I'm leaving this one be at this point.

ALY, it gaps up and is so far holding on great volume. I've added some and hopefully it doesn't fade near the end.

HWCC, this one is having a bit of a disappointing action considering its debut on IBD100. I think it's still working off its IPO inventory. I did reduce some exposure and will not do a thing unless it breaks out of the recent top.

NEU, BT posted that it's setting up for a short entry based on the chart. I do have a different opinion thinking that this one is in a consolidation phase from the recent gain and it'll take out the recent high sooner than later. However, this stock is volatile enough that you can literally play both sides of the action in same day.

GRB, this is a recent pick that's trying to break out from its recent high. So far it's holding up and volume is increasing but I will wait till later to decide if I'd be adding this one or not, based on the potential close that is.

ANST, I traded this one earlier today and am adding this one to the watchlist. This stock had a good reaction to its earnings last Friday and today is helped by the IBD listing. This one has quite bit of institutional exposure so I don't expect it can be pushed around like BTJ.

other stocks also performing off our list include CTCM, IPSU.... also, b/c index is performing well, you can always try your luck with NVEC, TZOO

cheers,