GROW

First there was IAAC, now there's GROW.     Even knowing that GROW has a nice setup going into today, no one really knows when it will break out, or if it will at all.    I think IAAC provided a catalyst.    When people trade up IAAC, they are gonna go find alternatives that may move like IAAC.   GROW is  probably the best fit and imo is really a close cousin to IAAC, in terms of characteristics.     IAAC went up more than I expected, I did reduce some exposure as I always do just to be disciplined.     I added quite a bit of GROW today and very much like this breakout, as it's breaking out from a relatively strong base.

Mkt is potentially giving traders a nice close going into this long weekend and we all should be taking advantage of this and reshuffle our position somewhat.     When the institutional boys and girls come back next week, it's really hard to tell what they are gonna do.    We wouldn't speculate on either direction but we will be ready for them as we've spent every day of this summer battling against the odds. lol

BTJ, it's firming up and is also setting up for next week imo.    This weekend's IBD list is a wild card for BTJ but I don't think it's going to do worse than the #14 spot.   Bear that in mind, the action today and last couple of days can only considered to be healthy.     There are a couple of other stocks which I would like to see a good close but we can never force the issues.    I will just let some stocks play out by themselves and act accordingly.

Update on Friday, September 1, 2006 at 01:50PM by Demi/ YourPersonalTrader

After the initial runs of WBD and CTCM off our list, these two are providing some of the best intraday trades the last few days . Just look at those 10min charts.....this is if you can take your eyes off the IAAC, GROW action.