Even though it seems every low floater with better than average earning is getting played as if it's the next big thing, we still have to be focused and catch some real opportunities. Stocks like ANGN RFIL FNET in our opionion are just runners. When you catch them, great, if not, no biggie. Here's some update on stocks we are trading today....
EDU, what began as an accumulation/chart play for us turned into a spectacular show throughout the day and right to the end. We like the story and its action and this is looking to be a beginning of a leg up. The beauty about these IPOs, there's no resistance and we can literally ride it as high as it wants to. It's a profitable Chinese IPO with a relatively low float that happens to trade on NYSE, and it has decent earnings growth, and any more fundamental research is redudant at this point. Hopefully this one will do some wonder for us.
http://djmarkets.squarespace.com/charts/eduisnew.jpg
GROW, they shook the tree and alot of players fell off. Well you basically have to see it to believe that the play is not over. We are not arguing about the earning quality here, just stating the fact that the action today and yesterday looks good for a long trade.
IAAC, as Demi mentioned before, the selling may be overdone due to the commodity selloff, we bought some and looking for a bounce.
other stocks looked strong today include ANST GRB WBD CETV ANGN...
