DJIM week review/ list #5
Sunday, September 17, 2006 at 10:47AM
Demi/ YourPersonalTrader in EDU, FNET, TWLL, amie, cetv

If we had a mission statement...the mention in last weekends review of providing the best trading opportunities right here and now is what it would be. No need to throw 50 stocks at anyone, a $2 buck scan will do that...A few choice cuts will do us all good. Last Friday we mentioned FNET, by Monday morning it was at the top of our trading list if you are following. By mid week we had our first 2X here and told of a possible top premarket at $18 following the footsteps of ANGN premarket top at $10 the previous day. Yep, ANGN was provided midday in the mid $7's before a quick 25% run. We will keep these on watch and recycle if we see fit. FNET has a date on the 21st and there should be some action before and after. We don't need to short but if we can explain the possibility of a top and if you can find the shares to short, all the best...RFIL in MC is also an example of sharing a possible top and the reasons we thought the enthusiasm for $10 that evening was not warranted. We didn't exactly say FNET, ANGN was warranted..instead we told you this was clearly, purely in- play. We follow the volume, we don't create it.  Mid- week we finally got to trade a real stock of sorts.....EDU throwing it out on DJIM at $22, ..the rest is history now as it jetted to the $27's. we will keep close watch over it. TWLL an add last weekend played BT's chart to a T...backing up to mid 13's and later in the week breaking out to new highs and a $15+ close on friday. Not all are runners, a few crawlers will do just fine...AMIE at 29+, CETV at $60 here. This is the only diversification we know. Momo stocks and a few crawlers that drag quality earnings along. CPY is another crawler added to the list last week, at these levels care is needed as mentioned before. A few things out of our control, such as oil, big boys chattering it up, a financing knocked a few off close watch. The BTJ's,ALY's...the GRB to a Dgrade, IAAC to a convertible all now struggle beneath the 9ema. That's fine as they provided early profits after mention, plus we found others to trade. We're sure these will come back in the future to the DJIM table as might FNET, ANGN but only later. We want to see IAAC get back to the 9ema before making another move on it. WBD made a quick return to our buy list last week after EPS, so you know we keep many DJIM's around ..they just go to another screen for the corner of the eye. GROW is another one that has come through the DJIM compost quickly. This one makes us a little nervous, maybe its the high perch of #1 on IBD..but its also b/c the latest entry price isn't just below $25 like the first mention here and we don't want to giveaway any of those early trade gains...so keep your eye on it. UIC had a pullback after going $50-55+ here and has trended up again...a break of the recent high will be needed for further attention. We are adding the SYX to the list....we might add another later, check for follow ups to this headline post before the open....Do we need a spinach stock?..Well...we have one we will put up Monday morning if there is still a story. The market was such last week that Baskin Robbins stocks, flavor of the day/week catch on quickly, most likely this will continue..If you pull up the charts you will see our DJIM highlighted all trade over the 9ema. If any of them break this moving average on good volume it's a good guess we won't be following it for a bit and probably sold if we had it in our book.

Article originally appeared on Your Personal Trader (http://www.yourpersonaltrader.com/).
See website for complete article licensing information.