Targeting the easy..

It's definitely easier said than done.   What we are trying to do here at DJIM is to constantly find plays that we identify as being the easy plays.   Those are the kind of plays which according to our past experience, have the best probability to go up.    Of course, it doesn't necessarily mean that our plays aren't risky.    Take ACOR for example, we noticed the morning upgrade and decided that it has a good chance of going higher if its opening isn't too outrageous.   We got that and it was a good play.    Had we held on till the close, this is back to square one and you can literally write off that upgrade effect because it was in the bag.     The point is, use the opportunity to your advantage and trade according to the trading rules, as oppose to any other sentimental rules.  **CLICK ON HIGHLIGHTED GREEN to enter Chat

[Demi] (Reply) on Extended trading- Pre/AH » Small caps quickies Travelzoo beats by $0.04 (TZOO) 32.40 :Reports Q3 (Sep) earnings of $0.28 p ...

We still feel this market needs to rest/pull back.   We feel that the sooner it's done pulling back, the better shapen we'd be in for November.   Unfortunately, regardless what anyone thinks the kind of shape our mkt is in at this moment, trading opportunities keep on popping up daily, earnings related or not.     Here's some of the playing/watching today....

RIMM,  this one was noted awhile ago on its earning day and so far it's gotten close to 20%.    This is an exception to what we normally trade but this stock always occupy that special feeling to those who were once trading it on the Toronto stock exchange back in the days.    The break out looks good today.

MR, at last!   We just have one question about this one, "what took it so long?"   In any case, even though the stock is enjoying some nice gains, we still need to trade according to the action and letting some go when action stalls.

BTJ, de ja vu?   The earning reaction looks powerful today and we really don't need to refresh readers what this thing is capable of.

Past BTJ posts    http://djmarkets.squarespace.com/dj-journal-archive/ 

BVX, pennant b/o, thick zone or whatever you want to call it.   The fact is that it closed at the high and higher than the recent high, it's an automatic buy for us again even if this not one of our favorites right now. We have said numerous times what we were looking for since the recent run up, today we got that with volume and a good close.

TRT, we bought a little of this one.  We have a feeling that this one may have seen the low.   This doesn't necessarily mean that it's going right back to old high.   It definitely needs some more work and if the inside selling stops , we may just have a chance. 

EDU, possibly the Motley effect is eroding... we bot little to keep an eye on further development. APH as well off the 9ema. AZZ looking pretty good on the chart.

Off our market chat, a few nice stocks put up by fellow traders..

SILC, this stock is also worth keeping an eye on.   Earning may not be awesome but action suggests it can go higher. MTOX, this is one of those stocks that we aren't initially sure that it can attract momentum or not.  Today it proved that it can and we are in some . ILMN, this is a possible b/o that may get some follow through the next few days.

Yesterday we talked about a power move to/at 114 for RIMM. 

That's a pogo stick you want to jump on when you see the volume kick in.

Charts updated for wednesday at BT Charts

ACOR-APH-AZZ-BVX-CETV-CPY-DIVX-LCC-RIMM-TRT and BTJ

UCTT-Ultra Clean Holdings Inc.

Many of you have noticed that this name ( UCTT $13.30) has been mentioned in MC couple of days ago.     What we wanted to point out that as of today, IBD has assigned a new rating to it.   98, 97 A-!

For those that have played this IBD over and over, this is probably nothing new and you'd know exactly what to do.   For those that are new, we'd like to point out that a fresh IBD play always attract some serious momentum money.

we are buying aggressively today

CLICK chart for full view.

Visit Market Chat (navigation column) for more on UCTT#'s.

It's tough....

to be in cash right now.    As a matter of fact, this mkt is just downright killing anyone who's sitting on a large pile of cash.     In case you haven't noticed, unless the co. downright disappointed, many of the big caps were rewarded with nice gains even with a mediocre earning report.   But, what do we know and we are just the little guys who don't have a million dollar research arm.      If you read many of the financial websites and lets just use Realmoney.com, for example, you'd even sense a kind of hatred toward the never ending rise of this bull market.    For those so called gurus, they may be right at the end, that this market may indeed be looking exhaustive and this rally is purely emotion driven and without any fundamental basis, and eventually lead to a long decline.    Ok, we've snapped out of that dreaming state about a couple of months ago and have been actively engaged in this market last couple of months.    Things did look to slow down at the beginning of October but the pace is definitely picking up again, as mkt draw towards the small cap earning season.    So how do we play this?    In the small cap land, seeing is always believing and there's really no need to over analyze or guess what the trend may be a month, or weeks from now.    For us, we are traders and we don't trade around theory or hypothetical scenarios, we trade around actions.    Have you noticed the small caps beating estimates, well ours usually don't have estimates or give out guidance which ends up hurting these 'beats', so we are looking forward to some great numbers from unknown caps this quarter.        Ok some updates...

UCTT,  one good habit when it comes to a small caps' earning report is to check its IBD rating soon after.   This has definitely become an automatic thing for us.   We've been watching UCTT, waiting for EPS report to give us a reason to buy in. To sum it up, this one has some decent earnings for a tech co. and it currently has one of the best IBD ratings.    What's so special about this one then?    It's a FRESH IBD play, we dig it and we believe momentum crowd would dig it too.    The only drawback is that it's somewhat heavily owned by the institutions and the pace of rise may be slower than other small caps.   We are excited by the rise in volume and thinking this one has some decent and safe upside potential. Remember its sector as the institutions do!.

BTJ, IBD material and drive perhaps?   We we have two more days to find out and the action definitely supports that thesis today. Anyways...DJIM needs some oil in it's soup to keep driving those gains.  A decline in crude inventories leads to oil/stocks move up like today. This works both sides as we have seen recently. We played the LCC on the down last week, we can play on the up. We're in a good place with BTJ off it's stellar earnings.

IAAC, this one had a big follow through and it almost cleared the $30 mark.    This is one is trading choppy as usual but the bias is definitely toward upside. If you can't stand the ride...don't take it to bed with you, just trade it.

TRT, we said yesterday that the bottom may have been in place,  today mentioned in market chat it was lagging the SOX action sitting low $11's. The action soon after just confirmed our thesis.   We feel that this is a definite buy on weakness untill it breaks $12.50 which is then gonna turn into a chase on strength play.    For all we know, one good day with 200k+ volume can put this baby back on the radar.

MTOX SILC both held up relatively well considering the intraday volatility.

APH made a move in the afternoon and looks to be setting up nicely for new highs. EML...EPS numbers in market chat.

Charts updated at BT's charts- ACOR-APH-AZZ-BTJ-BVX-CETV-CPY-DGIT-DIVX-RIMM-TRT
PLUS NDX, SPX

Microsoft earnings...

We're sorry..bad joke....okay unto what's happening in real time, not when Gunsmoke was the deal on the tube;). DJIM real time starts bright and early as this joyous season of earnings only comes around once a year....Wait, it comes around 4 times a year and lasts quite the long time.  What it comes down to is ... EPS season is all year round with us...we play it, trade it, invest in it. We've given the lowdown many times on our trading principles and focus around this type of play.  On to the bright and early...this rush of earnings reports is something to chew on, sometimes its overwhelming at the front loaded season. What we will continue to with the help of fellow traders is try to give you what looks right to us for a trade, a play for that day.  Sometimes this is done on the first cup of coffee, so you better do your own research. We can help you recognize a potential earnings day trade, something we will watch and possiibly trade.  Today, the stars were ZIGO, KSWS, PCCC in premkt. ZIGO in the mid 14's, KSWS 33-34's, PCCC 9.90 at the open. Hopefully some DJIM readers jumped on one or two of these premarket or early on.  All made it to the top 10 percentage gainers during the day.

Earlier this week, we tossed out BTJ, FTK premkt off earnings. Some names given might have earnings calls later, so the numbers that may look swell might be beaten to death by a stuttering CEO. Sometimes there is a trade before, sometimes after the call.  We prefer no call...We don't hold into earnings reports and we don't hold into earnings calls unless the guidance has been revealed to the masses and the trading action indicates we should stick around.  Most of the stocks we put on watch premkt/AH will not end up on the DJIM hold/ hit list, but honestly we can't do anything but trade, so we must trade this opportunity when its presented. This usually helps fund DJIM stocks that we want as longer term holds, call it moonlighting.       Now back to DJIM stocks....

UCTT- this one first because there seemed to be some panic AH. The word 'dump' is something we should not tell the biggest, newest shareholder of UCTT shares. We should not tell the institution (most likely) they bought $1 and change over the closing price on Monday, earnings day. These deals do not happen a buck above the closing price on a particular day, you do not move 1.8 million shares at a premium from one hand to another, you move it lower. It's quite logical as to why, sometimes its just averaging out the deal.  Not being very familiar with the UCTT/ Seiger merger but the other reason for the block could be the business of the M&A. If this doesn't cut it for you, call Oliver Stone tonight or just wait for the morning action to set it, price it straight. Either way, we think the shares at $13 are a treat and not a trick for those buying from the scary people AH. Just like SYX, which we introduced at $13.... UCTT is and was not intended to be IBD material in 48 hours. SYX took sometime and so will UCTT, we think this transaction won't matter down the line if and when this gets truly noticed for it's IBD numbers.

TRT- this is going to the DJIM plot the last few days, except today's early move over $12.50 had us a little stunned. The volume made this impossible to hold. So what happens next is the market catches some air and gives TRT some volume and a push to 13. We still feel its a little early, maybe we are just hoping for a pullback to add. Today's actions tells us it wants to go higher, we're just not sure when the ETA for a test of the highs is.

RIMM, MR remain the stars this week...APH had a war just under $69 late in the day, finished higher so the war looks to be won as it comes to $70. We've dwindled down the BVX again, the power was not there for a further break. GROW came back on the trading block today, joining IAAC...a DJIM reunion of sorts.

Charts updated for fridays trading day at BT Charts

DJIM hold/hit list #11......MOBO hiccups the MOMO..

How convenient that earth shattering news was!...The market with 2 strikes against it yesterday....GDP and TGIF having little effect on the market, and then conveniently and timely GS decides to rile up the market with a blackberry file from an analyst whooping it up on a Friday night in Taipei with 'old news'....Did this tech rally really miss the fact that Vista delay troubles and 8 million Sony crisp and toasty batteries might dampen 4th Q holiday orders/sales and that corporations would take their sweet time incorporating Vista into '07.  Is it breaking news that many would go for something else this holiday season instead of a new MOBO' system?  Well...with a sensitive market after GDP#, profit taking Friday and with the market needing a rest period, it didn't take much to get the profit taking ball rolling without giving much thought. Is this really anything the market didn't know about or expect? . We wonder who was buying the selling on the 'demand has fallen off quickly in October" headline?.  You also have to wonder about a market that takes 'YUCK' GDP so lightly, yet gets shaken on MOBO growth prospects/shipment declines for October.   The market looks like it wants go higher into the last quarter to us, the GDP short term reaction helped this idea....but of course we need a healthy pullback ...consolidation, maybe this is it. The charts below show the lines in the sand for a pullback and/or some more. The SP on the upper line, the recent break outs of the indecies, the possibility of the Dow transports getting closer to highs which could be the last straw if it breaks out for those thinking this market will implode in 2006. Our gig at DJIM is not to get into the scenarios, there is enough info and talking heads giving their take. We don't want get into this ever on DJIM and we wouldn't expect many to ever agree with us or would we care if they didn't... so we don't.  We are traders first and as we always say....we will trade accordingly to the action we see. Yesterday, it was taking some off as we thought the GDP was enough to cause a needed pullback, the late tech action told us to sell but there were a few pieces we were still buying late in the day..   There are a few techs in the DJIM bunch..

TRT saw the brunt of the GS note. In our notes, we have been cautious on the TRT action pointing to the recent move without volume and waiting for the insiders to stop the selling. We talked off wanting a pullback to add before an attempt at the highs. Fridays was a little extreme to add, we will wait to see if the insiders helped the cause.

We added some DIVX again on the late day dip, we still think there will be some action like in RVBD the day of earnings before the release.

UCTT seemed to have survived the GS note and even closed higher than the much talked about pricing of the 1.8 mln share exchange.  Not bad action considering this is a semi with a cloud over it from that large transaction for some.

APH was looking so sweet as it broke the highs and toyed in the $70's  Then it got taken down with the rest. As we've said before, we expect this one to be on DJIM for a while.

RIMM..DJIM's after hours pick up at $99+ on earnings day had a nice breakout this week. We noted to look for one at $114 early on. TD research gave it a glowing report with another tgt in mid $100's on Friday. Our goal is still the 25% gain which is DJIM's benchmark we strive for in our buys to join the wall on our DJ Journal Archives page.

MR had a terrific week after driving us nuts for about a month. Last friday, we focused on the MR move and what it might bring the following week. Seems the break out move caught on as we went from low 17's to 19's. At this point we would like it to pullback closer to 9ema for another move into it. The volume dropped off thur/fri and so did our position. We will keep watching this closely and hopefully catch another move up.

ACOR is just a marvel to watch, it has bored the momo traders yet they all wait and watch for a move(including us;). This is now a hold long term for many as it has churned here in the 17 range endlessly. Are 3 or 4 firms wrong with the $24-25 targets on ACOR, we don't think so and patiently wait for any news to spark it again.

BTJ, the possibility we spoke of Wednesday for a late momo run into IBD didn't play out. The positive of this is the stock is becoming more attractive off the pullback after stellar earnings again...cheap...We will move heavy into BTJ on such sector moves but this will only occur with a volume push, so far BTJ is not trading like the BTJ we know...the volume is not there but we still bought some into the close as it closed in on the 9ema(15.80) level. The August run we followed had BTJ reach 9ema on day 6 (including earnings day) and then it continued forward.... Friday was day 4 this time around.

Some of the best trading opportunities this past week was from the stocks mentioned in the Extended trading thread in Market Chat...

FTK, ZIGO, CTCI and a few others on consecutive days.  We expect this to continue as the small caps begin to roll out their numbers. As the EPS small cap show and tell begins, we will still keep the charts refreshed for some DJIM stocks we have little or no shares of now. We don't expect these to test highs until EPS is out or some news propels them to break highs. This includes CETV, CPY.   On Thursday,  we said we dwindled BVX (DJIM since low 7's).. this follows DGIT (low 10's). BVX seems to be only for the chart players now, another play might be formed with those 3 last daily sticks, DJIM needs another catalyst to move back in. Both have been profitable DJIM plays but we see more exciting things coming up with a fresh earnings season. Like all DJIM listed stocks these will be watched for a possibe entry. IAAC,CTCM,GROW continue to provide nice intraday moves for traders.

Earning hits and misses...

For those that have followed us for the last few years, we have written numerous times about how we just do not like the probability of holding through earning.    If this is year 1999, we'd probably be buying calls left and right in front of the earning.   This is 2006 and we think that trading environment has changed a lot since the hay days.    The conclusion is that it is almost rare these days that a stock gaps up after an earning report but frequently the stock gaps down on any slight disappointment out of a report.     Of course, we are using DIVX as an example to illustrate our point as there seems to be some confusion over the earning reaction tonight.

On Friday morning, we noted that DIVX was acting really well a day ahead of its earning report and we thought it could pull a RVBD.  What we meant by that was the fact RVBD rallied over two points right before its earning report.   We thought DIVX could pull a similar move given its connection with google.    Then the infamous Goldman call hits and basically the whole market got dragged down and particularly the tech sector.   So the "rally ahead of earning" play never materialized for us.   Fortunately the stock did perk up late today to provide us still a nice exit point ahead of the earning.     So what happened to the stock in AH?   We think it's obvious that the stock's earning did not meet expectation.    We will not get into the debate of what should be the expected growth number or how much this stock should be worth... etc.   The fact that the stock is down quite bit in AH gives us a pretty good reason to stay away, and to move on.   If this stock comes back and try to attack the old high down the road, we'd be there.   For now, there's plenty of other action that is keeping us busy.

UCTT, so we found out who that seller of the 1.8 million block is and stock rallied.   We are encouraged by its action and think it's just a matter of time before it goes much higher.

RIMM, ah ha, the GS call should not and is not affecting this blackberry monster.   This one is approaching to be a good winner here.

The "A" Team,  APLX, AMIE, ALB, AXR all exhibiting unusual strength today and in fact three of the four logged new high today.

GROW/IAAC, love it or hate it, these are two good stocks to trade and bias is on the long side.

We are almost done with October and we are very much looking forward to the the month of November.    There's historically some strong action in this month and we hope it's no different this time around.   Having said that, we are still going to be looking for the best of the best kind of earning setup and won't get carried away chasing any and every gap ups.

cheers,

Update on Monday, October 30, 2006 at 09:49PM by Demi/ YourPersonalTrader

If you're wondering about the origin of The A-Team, ALB was mentioned in MC as something we'd rather have than AAPL the day after these reported. AMIE,APLX premarket in the extended trading section last week. AXR is one most know from IBD that was a recent high flyer. There are other names we have left up so you can build a list of stocks to watch/trade coming off quality earnings this Q. It pays on days like today.

Trick o' Treat

We're bagging some of our candy, freeing up cash today for the next round of earnings. Todays action feels like some want to ruin the party for some tonight. Just being cautious at this point. Maybe we're just spooked by DGIT's breakout;)..

ATNI-Atlantic Tele-Network

Okay.......simply we didn't like the way some recent DJ Journal stocks started to give up their early gains yesterday...AXR,ALB,IAAC..so we put on our bear costumes and hibernated by noon, but we really want to come out and look around for something new to chew on...here and there...  LMRA, affectionately known as the stinking LLAMA around here, just doesn't fill you up for more than a day or should it...we laughed the hype would come in premarket and did it ever.  This one belongs in and to the Deltas at Faber College, not Harvard.  

Well...this possible chew today is a quiet one, ATNI.  It was a favorite long ago, it has split and has appeared on the Nasdaq recently. It might be to our tastes after its Q report. Revenue 41.3 mln up 66%, net income 7.6 v 4.4m....53c vs. .36c(+47%).  ATNI (19.34 close) has been acquiring assets along the way but these numbers still beat all analysts expectations taking that into consideration. Same rules apply as always regarding going after things for breakfast, let the market show you if it likes it too.

Market action...

As much as we hate to say it, this is the exact sort of action we are looking for.    As you  recall from our note yesterday, we cut lose quite a bit and are mostly cash.     Yesterday's late day rebound was a bit puzzling but we stuck with our thesis.     We just didn't like how many of the stocks on our screen are acting lately, looked very tiring with declining volume.  

Where do we go from here?     We'd be patient as we think this pullback is very healthy in the overall scheme but we still do not want to be dancing around in this pullback.     Picks will be extremely selective until this pullback is over and trading horizon will definitely be centered around very short time frame.      The problem with this kind of pullback is that we just don't know how damaging it's going to be to small caps.    When bids disappear, some of these small caps can literally drop in a vacuum like of way.    9 ema is meaningless when the mkt is going through a general sell off.     When the mkt is on a firm uptrend, we'd put more weighting into the 9 ema bounce idea.    Right now, all we can do is sit on the side line and keep an eye on what's making a new 52 week high

A couple of stocks do stand out today..     MR and APKT.    In all honesty, we think plays nowadays are only as good as until the end of the trading day.

Be careful out there and protect your capital at all cost.   There's no need to sit in a position that's still "appearing" to hold up.   In our experience, it's probably just a matter of time when the pullback gets to your stock, sooner or later.

cheers,

What's "GREEN"?

...and up nicely to boot...between Journal and Market chat from yesterday ...ATNI, SYNL, MR, APKT.  Being selective means going with 'fresh' strength.

TWLL, Techwell, Inc.

TWLL profiled September 10th on DJIM http://djmarkets.squarespace.com/journal/2006/9/10/twll-at-14-or-lower-on-pullback.html  .......put in another solid EPS. That's right...re-visit, recycle DJIM EPS stocks. We added as it showed strength throughout the day and made a move on its all time highs late in the day. The record volume, excellent close bode well for further action. Last Q had 2 straight days of a move after EPS.(beginning of Aug.).

2pm chart just before move and DJIM buy in. Volume was 300K+, it doubled the last 2 hours!

*mentioned premarket, late in the day at Market chat

PVA, Penn Virginia Cp

PVA, manages coal properties and operates NG gathering/processing business'. We started watching Thurday off its EPS ($1.21 vs. $1.07) number which handily beat the analyst forecast(.83C avg.). We particularly liked the chart and Fridays morning volume indicated this one was found following EPS. A little help from the uptick in its segment and PVA finished over $74.  52 week highs are within walking distance for this energy co.

DJIM hold/ hit list wk #12.....incl. BRLC PVA SINA TWLL RVBD

Market is still going through a consolidation phase, and it still means that the priority for us is the capital preservation.    However, it doesn't mean that we'll be shying away from good trading opportunities, and it'd be irresponsible if we don't trade them.      What we at DJIM here stress is that in a time like this, we'd only trade what we think are the best of the best setups and leave the iffy ones alone.    We also do keep our trading time frame per play to a conservative level where we'd take profit on small increments, a $1/point here and there and not get carried away with big positions on any one stock.   We can't wait for 25%+ DJIM benchmark these days, so taking 5 -10% quickly is fine with us.  This style is definitely more difficult to trade compared to riding a few big winners that can offset any small losses from other trades.   We are literally trying to basically do with only the most probable plays, with the least risk.   This comes in the form of stocks with a earnings base for DJIM.  We've heard that many traders around various chat room, blogs surprisingly under performed in October.  We're not sure the path they have taken but we've taken/followed the uptrend path here at DJIM.   Well, unfortunately this game isn't an easy business so only time can tell whether one is cut out to do this for a living, or not.    Here are some recent plays...

The week provided some nice intraday trades off our extended trading thread...CASM, LMRA back to back days in Market Chat.  The first 3 below were mentioned in pre market yesterday. The market survived the eco numbers and some of these provided nice entries off earnings.

TWLL....     This one gave us a little surprise late afternoon as it came on with strong volume and then some follow through, finishing with a NCH.   The earning action definitely looks very strong and we think it may catch some attention around the trading circle.  See more below on TWLL.

BRLC..surprisingly this one traded down to $7.01 after multiple upgrades, a healthy price target of $14 by BMurray after beating estimates handily....7c vs.1 c estimate, revenues climbed 3x.      How this one is going to trade is still remaining to be seen.    Usually when it gaps up like that with that kind of volume, you'd see some more upside down the road.

SINA beat by .5, upped revenue G, multiple price upgrades in the morning and then closes gap to Thursdays close before EPS. That was a Friday morning gift to have a stock with so many positives only trade 1% higher in the morning.  If stocks that beat by .5, raise guidance and only move 1% up, we'd be out of the trading business real fast.!.  We'd be happy with a test of $30 here. The first two might have the better upside in the near term as far as collecting points, profits.

MR, stock had another nch(new closing high) on Friday and we are very encouraged by its action.   This stock is due to release its earning on Nov. 16th and we think there's going to be a pre-earning run-up play.     In last week's DJIM #11, we discussed the further play we were looking for after selling. Monday was a further drop and soon we were sitting on the 9ema ready for another move up.

PVA ..a  O&G/coal.....started to watch closely Thursday off earnings ($1.21 v 1.06). More below on Penn Virginia Cp.

BTJ, it seems a lot of the oil service stocks are perking up lately, there is always something to fuel it..yesterday was one of those days.  This one also made it to IBD100 as #19.   See last weeks DJIM wk #11 for our buy in below $16 , the play we were looking for and got Friday.   We are keeping an eye on ALY as well.

EDU, Chinese stocks immune to the pullback?  Perhaps!   We are certainly seeing strength in many of the Chinese stocks on our trading list.

RVBD, this is one of the techs that broke out on Friday, one of the few techs that are standing out in our opinion. We still can't decide between the APKT, RVBD, DIVX...IPO's.... all we know is they provide plenty of trading opp's at this time, figuring out which will be the champ longer term is anyone's guess. Right now..there is a new champ every week in this IPO tech game.

Speaking of champs, we threw out ATNI at the open mid week ...she was a champ going from $21 area to $24 for many DJIM readers in a few days. We took a lot off near $24 as it seemed a bit tired late in the week. The numbers look great and we look for more out of ATNI. This is a relatively unknown stock, we hope and by the early volume off earnings we think this may be on a few trading lists soon.

RIMM,APH,UCTT round out our lists.  As per BT's charts, ACOR proved it couldn't handle its weight. Looks like many were expecting something out of the CC to fuel it. It didn't happen and many sold off. Still we'll keep this one around DJIM and hope for a news spark.

SYNL, EML are two DJIM profiled quality EPS crawlers..these are for the ones that like their sleep.

So, it seems that we have quite a few new plays on our hand after cleaning house late October. We are basically trying to play the best setups and again keeping our time frame short.   Until the market mood improves or we get a great earnings winner, this is the way we are going to be trading.

DJIM charts updated incl.APH APKT ATNI BTJ MR RIMM SPX TWLL UCTT

NCH-New closing highs for a few DJIM stocks.....MR, RIMM, TWLL** this weekend note" Last Q had 2 straight days of a move after EPS.(beginning of Aug.)"

MEK

yes it's true!   It now has 99, 97 rating according to IBD.   A fresh IBD100 momo play that is over $15. (15.20)   Scary?   I don't think we have seen anything yet.      It feels like the IBD play is the oldest thing in the book for us momo traders, but it actually never gets old actionwise.