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YourPersonalTrader- Toronto Canada/ London UK
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Sunday
Sep102006

DJIM list wk#4

DJIM doesn't want to sound like a broken record but like ( DJIM WK#3 ) will be going into the week focusing on the volatile names (IAAC,BTJ,GROW). We are not going to fiddle with macroeconomics here, we are looking for the best possible plays right here and now. Simply, if the markets tape is not to our liking...we shut it down and go cash. We can become rather shy sitting in cash and will not be so narrative in the future ...and yeah that future will come out of nowhere and we will become a couple of groundhogs;)...Right now, there are things on the table that if traded right are quite the profitable ride. There is a herd over these volatile names now, we want to be where the volume is....we want to be where new highs are being hit. These three cats are providing it. It is hardly a surprise to us, to many of you that our closely followed end up #1, #2 IBD at some point. Of course the game gets volatile at these IBD heights. There is always a option!. Getting in early and walking away with early profits off a earnings gem before the IBD hype comes bringing with it increased volatility. It didn't take long for BTJ to go $15-20, GROW $24's to 28..even 35's if you had kept some, traded it thru and around the EPS # and been clean of it come Post-IBD Monday. Personally, I wasn't up 6/7am and posting here because I wanted to tell you about the lovely sunrise. I was waiting for GROW's #'s to hit and possibly trade before the desks came to sell into any gap strength. There is always that window of opportunity between a number being released and the CC/or before some view is out to bring it down to earth. Now....the rest of last weeks list...after hitting some nice DJIM highs/gains FTEK, WBD are benched this week till further notice, as mentioned the slow ones will barb you too if you ride them too long without a significant breakout or into a weakening market as we had last week. Keep close though for a bounce watch this week.  Remember, we recycle. CETV is looking good, CTCM is just the bouncing ball and should always be kept close, it gets interesting near 24.These 2 get off the bench heading into the trading week. As mentioned last week one of including GRB was feeling left out, it sure put on a show climbing to high 16's off our $15 mention following earnings, it remains on the list for maybe another try. NEU, PWEI, AMIE and to a lesser extent UIC remain listed.

We will be adding a couple of new stocks to the DJIM list. One is TWLL

 

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