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Friday
Sep152006

Some DJIM stocks update

IAAC, this one is getting whipped badly today.    This is the case where if you are unsure how this debt financing is going to affect the stock price, sell first and analyze later.    If you were quick, you'd get out with some minor dmg or even some profit from last couple of days.    It did bounce off 50ema but we aren't thrilled that it is near the 50ma as oppose to the year high.    Depends on how it performs next couple of days, in a most likely scenario, we'd be avoid it for now.

GROW, we are in a watch and see mode with this one.

EDU, if you haven't lock up any profit, it might be the time to do so today.    We are liking its action and will be adding if it pulls back some.

GRB, as Demi has mentioned, we are removing this one from the watchlist as it just does not present an optimistic setup for us anymore.    Even though we think that it might be tradable for some change here and there but we'd always look for setups that can potentially give us a 25% return or more.    So, time to move on and focus on other plays.

BTJ, this one is likely to be kicked out of IBD today if it doesn't close above $15.   Even if it does close above that, it feels like it's just a matter of time it gets kicked off.      This is too bad b/c if this stock is in any other sector, it may have seen mid $20s by now.

 

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