Back on the saddle...!..GROW(eps) FNET-$7's

Well...you can't beat what GROW'd!. This looks like it blew out any projections. 18MM vs 5MM Revenue, .74c vs .05c.(5.62 MM net income). Remember a CC follows at 10am but it will likely not dampen these numbers. Unless some think a sell the news is in order, this will bode well for IAAC as previously discussed.  We are also waiting for a big EPS winner (VOL) (30's to high 40's) for us from last Q to report this morning.

 FNET which many remember as a high flyer we introduced that went from the low teens to $25 quickly is the beneficiary of some good news as it trades below $7. We have completely lost track of this one and only know the trading tape will dictate if this event is worth a entry. Anyways, just a few things to be watching premarket.

Update on Friday, September 8, 2006 at 08:36AM by Demi/ YourPersonalTrader

Bargain bin gap premrkt at GROW($30-31's), teased $36 after. Scratch VOL off as a possible trade.

Waiting and Picking cherry one at a time...ANGN ($7.50), FNET

Market is tough!   It's a fact and we already know that.   But since this is the only thing we enjoy doing for a living, we still have to make some sense out of it.  Lol      When it comes to this market, seeing is believing.   No matter what we think  how the scenario is going to play out, what the stock ACTUALLY does overrules any opinion we had or may have on a play.      Picture is worth a thousand words, as we often remind each other.    So, no arguing with the chart and moving on is a necessary habit when it comes to playing this market.

FNET, which was mentioned here on Friday, got the approval news for mobile gambling from Nevada state gaming control board.   This is a story stock which we had followed since its IPO day for those that read from our former home.   We are putting it back on the top trading list as we think this one will get some addional legs on the back of this news, if its history proved correctly.

ANGN, this one got some unthinkable boost after its earning report today.   We don't think this would get this kind of a reaction if it wasn't for the fact there's really just nothing else to play.    Earnings isn't spectacular but the reaction is nothing short of that.    We are treating this ANGN as a day trading candidate and are not holding any hope of seeing another double or any meaningful percentage gain from it.   Even if it does double, oh well and so be it but the main trading theme around this one would be very short term.

MFRI, it seems just about every small cap stock we played before gets recycled a couple times every couple of years.    Earning isn't too bad but more importantly the action is holding up.   We are putting this one back on the list too and will trade accordingly.

one last note on BTJ,  it's getting dragged down by sector and there's nothing we could or want to do about it,  along with ALY of course.    Keep an eye on BT's chart and it usually gives you a good clue when to avoid these kind of things.

cheers,

Update on Monday, September 11, 2006 at 12:48PM by Demi/ YourPersonalTrader

Never forget what sector your stock is in. The charts(ALY,BTJ, NEU) as BT pointed out were on the verge of falling off a cliff with any further downtick in the oils...3 weeks later these are just above our first alerts/list price. I'm sure the recycling program will kick in and we will be looking at these again.  The point of our list is well served by FNET today, if you didnt get in Friday, today was another opportunity to catch a nice entry. List it, watch it,watch the tape...etc...Stocks dont break volume records like FNET did friday without getting noticed. ANGN..how come it didnt get this action back in March when I listed it off earnings..;(. wonder if any of you have held this through to this day? Congrats if you did. I'm not sold on this gain but will be around as long as volume stays.

Update on Monday, September 11, 2006 at 08:24PM by Jon

Just a follow up!    The runup in FNET and ANGN today is nothing short of breathtaking.    Fortunately, it did not paralyze us from taking some off the table near the end.    Again, this is very automatic for us when it comes to playing fast movers.    Will these movers gap up and perform another runup tomorrow?  Who knows and we'll believe it when we see it.    Though you can't just retire off one or two of these kind of plays, but you can make a pretty good living trading these ones smartly.    Maybe the trading environment has changed somewhat since it's been a long while when a stock doubled in one day.   Hopefully this sets a stage that traders are willing to chase this kind of earnings movers and we might just be in business when earning season kicks in.   If you miss the runup, don't worry as there will be plenty of opportunities that'll come up and for as long as DJIM is up, you'll likely catch them early right here on this site.

Update on Monday, September 11, 2006 at 08:49PM by Demi/ YourPersonalTrader

Wake to overseas markets slashed, metals, oils gearing for 6th straight down and we end up squeezing the life out of two 3 MM floats in FNET,ANGN oblivious to the rest of the market. I know there is fear when a stock is up 80% but we're not gonna bring it up unless we think there is room for more. The price at post was 7.50's(80up), AH price has hit $9..that's another 20%. Again FNET was mentioned as it broke fridays high..post time was about $8.80, traded over $10... 10.25AH, thats another possible 15% on FNET. You could only squeeze so much.. Better education is the charts posted now after the DJIM runs, keeping sharp if the oil related ones turn than it is to have the FNET/ANGN charts done tonight.

Update on Tuesday, September 12, 2006 at 08:25AM by Demi/ YourPersonalTrader

Unbelievable.ANGN...took some more off 9.90premkt here....this is so in play it brings chills down my back remembering these 10k bids at 9.90's I've seen before .

3MM times lucky?..watch on FCPO

FCPO($7.50close), another 3MM that even trades thinner than ANGN has reported .57 vs.30c beating the one estimate of .30. Will this one balloon or not?. Definitely for the more experienced trader like ANGN if it catches on. If a gap happens it can leave you stranded at the top. For whatever reason some like this catch on and some never do. Again the tape will reveal. Yesterday, ANGN traded over $8 at 9:40, better entry was past 11amin the mid $7's. Unless you catch these w/o much of a gap, it is wise to watch volume confirmation and not chase a stock. Let it be discovered.

Update on Tuesday, September 12, 2006 at 11:13AM by Demi/ YourPersonalTrader

Considering FNET is almost a double around 14 since fridays DJIM premarket bone, even we need to rest ...fully!. Putting it at the top of our trading list paved the way of not missing todays ride. History has repeated itself and more opportunities should come up with FNET.

Update on Tuesday, September 12, 2006 at 12:06PM by Demi/ YourPersonalTrader

Instead of just throwing out a stock and say here take it with something you can paste off the 'yahoo' stock data page, we try to give you our mindset, the mindset of others in how a possible trade is approached and how a stock might act. So far the FCPO is acting like a possibility spelled out. Strongly recommend to new visitors to go back to page 1 and start fresh instead of starting at FNET and not going back in time.

Update on Tuesday, September 12, 2006 at 05:38PM by Demi/ YourPersonalTrader

Opportunities in FNET seem to be appearing faster than the first run early this year..We are not holding any overnight, but will be back no doubt as this push is a piece of work by a few....Some charts updated including FNET for entertainment value.

EDU entry at $22

This is a recent IPO($22.00).   The company is based in China and it provides  locals with english lessons and prepare students for all kinds of academic tests.   The growth is great and the potential is there.   In addition, the company is profitable. We bot some earlier today as it may begin to move out of the range.    We'll add if it strengthens up.

We are also trading some GROW(32.20) today as the action start to look a little interesting now.

No FNET for us today as the day trading opportunity is just not there, but who knows it may come later on but so far it looks a little toppy.

Update on Wednesday, September 13, 2006 at 11:18AM by Demi/ YourPersonalTrader

IAAC got a delayed 24hr reflex shot yesterday as its biz is commodity related..overblown simply. Close eye on it on the footsteps of GROW's action. This is volatile and will remain so!...CPY adding on, WBD nice move

DJIM week review/ list #5

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.

Never dull in DJIM

Crazy action in SNCR, big bids came in...CPY getting attention and bot more this afternoon. CTCM another one we use for bounce is having a good day.

Update on Tuesday, September 19, 2006 at 06:09PM by Demi/ YourPersonalTrader

As we cap off our first month here at DJIM...our first ever listed stock hit the 25% benchmark we set in finding stocks. AMIE joins a few others we have introduced since August 20 for 25+% moves (BTJ, FNET,GROW, ANGN, EDU). Unfortunately AMIE did it when we were not playing favorites in this market and sold her off. This hurt me more than Jon as I like the crawlers more...but 25% is 25% via a momo run or a month long crawl!. I'm sure it will be picked up again shortly, but as we keep stressing take your points/profits and recycle.

SNCR if you bought early, you probably sold as it blew over $11. A bid of 43000 started chasing the stock up and it got filled big time much higher. Who knows what this was about?. Be careful.   GROW, we finished with for now after selling yesterday as well. SYX looks much better at the close today. CPY was getting swallowed up 43.50 area. TWLL held it together through a rough market and a Dgrade...not bad