GMKT and others....

We also like the action in GMKT.   This co. reported earlier and we really like its action, much like SRVY action yesterday.

MR, pre earning run starting today in our opinion.

BTJ, this one wants to overtake GROW in IBD rating. lol   We are not arguing with its intention and we are trading along with it.

GROW, as much as you hate how the co. pumps their own stock this way, you have to agree that this action is nothing short of spectacular.

nice follow through across the board...  SRVY RVBD GDP DIVX

CSCO...DISCO

Boy...this old song and dance is a bore. Have we not seen this before?.   Well, it wasn't too long ago, August 9th..the day after CSCO's shiny earnings that the Nasdaq did a 37 point dive off the top to the close.  Let's go through the two step today...early morning in MC we said.."P.S..a good time this morning to take some profits in your gaps".  Sometimes you are given a gift, unwrap it and leave.  We can't stress it enough here, take..lock in your points, profits. The Nasdaq proceeded to give up 30 points from highs to lows of the day.  It was just last night and many times before these names were profiled and /or talked about as trade bait on DJIM...from yesterdays close to their highs today, MR up 9.4%, RVBD 6%, DIVX 5.5%, BTJ 5%, SNCR 9.5%, SRVY 8.3%, EDU up 3%, RIMM 3%...10% since note in MC on the perfect conditions for a kick from 118's. Throw GDP 5% and even TRT from $12.70' alert time was a 10% ride to the close and yesterdays list glows.  If you're not taking profits of these type of gains, DJIM is not your bar!  

As per MC, we were ready to rotate more new found cash into more BTJ, GDP etc. This turned out to be no more than a intraday sector trade...they perked up quickly and just as fast gave it up. We did the same as the tide turned for the day, but the day was far from over as TRT, GMKT, GLDN (MC) were added along the way. The G's are earnings releases within the past 48hrs with charts that were looking for new highs while the market was selling off.

A few notes...

GROW- as per market chat comments,  we waited out the CC after a morning trade. This was too funny!. Is this a Asset management company or a PR firm?. We're sorry but taking 7+mln OS and turning it into 15mln shares via split is not going to lessen the "trading volatility" in GROW.  This is not the usual reasoning for a split and we can't believe GROW's team believes cheaper shares won't bring on those that like cheaper shares to trade. This stock has a reputation we've seen grow since the beginning, its not going away with a split. They are traders themselves, you know.  The fact they stated they have been on IBD #1 for 8 of 9 weeks is over the top. These guys should be promoters not Asset managers. The ironic kicker is they might need the extra shares to pull off the closing stunt today another day.  GROW was about to finish below the breakout point under $35, but then the painters came in and with a stroke of the brush made it a mid $35 close. The ugly candlestick was spared, but the smell of it all you can't hide with a paper bag.  We believe nothing will change with GROW the stock, it will remain a volatile trading stock and nothing more. Care should be taken with any position going forward, just like its always been recently.

TRT...what TRT gives out mid-quarter reports?;). Didn't we just introduce this at $8.50. Well...management gave a pleasant surprise with the unexpected early earnings release. We applaud this management, no doubt this was to stick a fork into the inside sellers side. You see there is a difference between the companies people selling and a Hedge fund aka Zeff doing the deed with a large stake in the co'.  We feel they were a little ticked off and today's early surprise was the pay back. This stock was almost ruined, now this DJIM stock has life again. We look forward to IBD refreshing the rating.

Update on Thursday, November 9, 2006 at 09:55PM by Demi/ YourPersonalTrader

AAON-APH-ATNI-BTJ-GROW-MEK-MR-SNCR-TWLL-RIMM-RVBD-UCTT(wkly)....this should be enough as BT is starting to see cowboys and stallions in his work;)
NDX WITH TARGET....updated at BT charts (navigation column)

DJIM hold/hit list #13

Back in October, we stated that November is seasonally a strong quarter for small caps.     Near the end of October, we stated that we just could not wait till the small cap earning season to start.    Well, we aren't disappointed, so far.       Maybe  it seems that all we had to do is to come back from a 8 month vacation and trade from November till February.    Now that would just be too easy plus we could have missed all the DJIM action from late August..just go to the Journal Archive.  The truth is, without the hard grind of the summer, without going through the emotional roller coaster with the market from the first trading day of the year, none of us would stay as focused, or sharp when the time mattered the most.     Well, here we are now.   We have had literally a stream of awesome small cap action last few days and we are trying our best to make the most out of it.    It means all out for us.    Folks, if you hadn't committed much time, energy, capital or effort into the market last few days, we'd say you are gonna be sorry a few months down the road.     Here are some plays we really like that showed up last little while...

ATNI, this is definitely not a flashy stock like some of the other heavy hitters.    It has very good earnings and it moves in stealth mode.   Before you know it, this thing can move 20% without making any kind of headline.    It broke out on Friday and we are keeping a close eye on this one. We added back. Friday looked like the day it would break all those candle wicks on the daily. http://djmarkets.squarespace.com/journal/2006/11/1/atni-atlantic-tele-network.html

GMKT, this stock had a very powerful move on its earning day and it smelled lots of institutions stepping in to bid it up.    A very sexy business and a dominant player in its area and with the holiday coming up, we think this one is gonna be in play for a while.

DLB, wow what a report this one had.   Ok, this isn't exactly a small cap but man you gotta give those guys a thumb up on their execution.   It took out multi year high, literally in one day of trading.    Now it may not give you another 33% gain day anymore but we bet it caught lots of people's attention on Friday.

Reports Q4 (Sep) earnings of $0.22 per share, $0.11 better than the Reuters Estimates consensus of $0.11; revenues rose 29.4% year/year to $102.1 mln vs the $83.8 mln consensus. Co issues upside guidance for FY07, sees EPS of $0.83-0.92 vs. $0.75 consensus; sees FY07 revs of $420-450 mln vs. $405.67 mln consensus.

MEK, it made it to IBD #5.   How will trade from now on?   We think it could trade with the group but with a better beta action.   Other plays we also consider in the same genre include BTJ ALY FTK. 

TRT, ah ha!    This one is not an unfamiliar name, far from it.     The latest quarter simply confirms the status of the stock, it's not going to be a micro cap anymore.   Bring it on Zeff boy!.  Nothing new to say, just scroll down our pages or go to the archives to get your TRT fill.

EDU, didn't we say this one could make some easy money?  Lol  Ok, nothing is easy in this business.   What this stock did the last few days, is simply giving back to all the believers and followers of DJIM site. Same as TRT, you can find your fill of EDU write ups as it seemingly has been with us since day one.....3 rides now!..Recycle, recycle we say. If EDU doesn't cut it one day....MR has picked up the slack and vice versa.  Late this week MR hit a new high 20.57. DJIM's Super Ninja's are sure to provide more excitement.

FSYS, this play is new and we think it can get some legs out of its report. We put an eye out on it early Friday morning in MC, its action perked up and we entered.Reported Q3 EPS of $0.22 vs -$0.63 in 3Q05; (est.$0.13c), revs rose 13% YoY to $55.4 mln vs.44.1 mln est. Co' raised 2006 rev guidance to at least $210 mln, up from previous guidance of $200 mln.  This alternate fuel segment needs some new trading blood, maybe Fuel Systems Solutions will be it.

AAON, we introduced this earning gem Wednesday morning. Not only did it take out the $25 we spoke of, it took on $26 Friday. Definitely, a A-Team member!

GLDN, we also introduced back some Russian blood with this Telecom/Internet provider. Volume has really picked over October and into early November with its earning release. 35% revenue growth, 40% net income YOY, 16% revenue, 7% net sequential growth.

RIMM, yep...we raised the RIMM flag as it became the 11th 25+% move in 12 weeks of DJIM. The action Thursday left it with a little toppy action. Every other day they seem to have a need to strike a blow into RIMM, Friday it was MOT's deal with Good Tech. This has been going on endlessly and RIMM just keeps making new highs. Nothing is wrong with RIMM for those wanting to play it out further, but we feel there are better chances of a finding another 25% move elsewhere...faster. We'll still keep a close eye on it as it's in the Constitution of Canada to do so;)

EFUT, is one we are trading as the Yahoo's are all over it. Definitely not for those that plan to have many bathroom breaks during the day.

It was just on Halloween that we took a cautious stance as many of the DJIM stocks felt toppy, by the close of Friday November 3rd we started to use up the cash with 6 or 7 buys. The names are changing, growing fast and furious during the past week. Buy the strength and don't sit on the UCTT's that are clearly lagging the uptrend.  Honestly, what are you waiting for?  You also have plenty of oil/energy names to rotate in and out of depending on the oil picture. If you have your DJIM list close by and have created a watchlist/buy list of these stocks, last week was a very fruitful one.  For more DJIM names read the commentary of the past week plus glance over the charts for ideas to trade.

Jon/ Demi

Preserving the gains......DJIM style

Even though this market seems like it's going up forever, we still have to remember the good habits of being a disciplined trader.   Some stocks, are simply overextended, whether you like it or not.   We are not saying to get rid all of our shares and wait for a nasty pullback.   What we have been doing is paring back our position sizes as the stock goes higher.    This is simply a good habit because you are constantly in a good flow of things.    Going all in into a position and going all out all at one shot would not smooth out the trading results.   In fact, it's just more stressful when you trying to nail the bottom or top with a one shot deal.     In a rising market, it pays to buy stocks on a 9 ema pullback.    But more often than not, a strong stock will simply not pull back to the 9 ema level.   What can we do then?   We buy break outs!   Anytime a stock takes out the previous high, there's a good chance a rush of buying and new money would follow through, and it works extremely well in a rising market.   This is why we are putting up alerts of this nature of DJIM stocks as they come to this stage.  How about the EDU, GMKT, TWLL just the past few days!  Come to think of it, we are probably responsible for many new 52 week highs in the past. ;)    Here we go...

ZOLL, we can conclude that this stock is being discovered.    Well, many of you have probably known this stock for a long time but we are sure not many expected this kind of reaction from its report today.    Valuation was way cheap for this stock at the beginning of the day, and what follows is traders bidding up on a good report in a very forgiving and generous market environment.    We can guarantee that if this happened in July, it'd probably go up no more than a couple of points.

EXLS, this is an IPO that came out with what we considered as very good earning.   Again, this stock is in play as of today and many traders will have it on their list as the top candidate.    The trend, of course, is to the upside. We didn't write a novel with morning goggles on for something we didn't consider a good bet. With it we provide the thinking behind of what could and what could not happen. You need to cover all the angles and we try to show our thought process.

GMKT,  just last night we said ...keep cool, think of buying the dips....ok Briefing, we know that you can pump a stock.   This sort of thing happens way too often and it's almost expected after we get into a sexy play.   Coincidence?   We'll just have to think of it as that way for now. lol

GROW, we hope most have taken a nice chunk of gains out of this one today or yesterday.   Is it topping out?  Who knows and who really cares at this point?  After all, we made the most out of the 31% gain in less than a week.    Trade this one with caution and there's always plenty of fish to catch in a market like this.

There are definitely lots of other stocks that are looking good today and we are not going to get into specifics with each one.   The bottom line is, we are taking the opportunities to take some gains off some of the huge winners and paring back some position size.   We are still very optimistic about the trading opportunities and the overall mood of the market.   New plays are popping up everyday and we are not slacking off just because we've done well recently.    Keep focused and disciplined, all the effort we put into trading these days will be well worth it when a bad market does eventually roll around.

Cheers'

DJIM hold/ hit list #14

Up until this point, we have to say that we got more than we bargained for during the last few weeks.    Market has been extremely good and we had no shortage of good runners and a few super runners.   A quick glance at BT's charts, DJIM list#13 from last weekend and you see what a week DJIM had.  We introduced some new blood at the open during the week, EXLS, ZOLL to go with the GMKT, EDU, DLB, GROW, EFUT, AAON, ATNI already on the DJIM list from last weekend. These days are the reason why we trade, this is also why we have no problems going 100% cash when our gut tell us to.  Animal instincts, pile a stash for the harsh weather.  Some of these DJIM stocks definitely need to consolidate but new opportunities are popping up left and right,  so it's best we/ you do not have your cash wrapped in something not participating or moving. Thanksgiving trading week could add some fuel to the fire, this is why we've kept the charts of EFUT, CAAS up for more trading opp's...maybe this is the week...You see when the gnomes leave for turkey, the retail kids like to take charge of the house on a few names and run them up...basically taking a turkey and stuffing it with MOMO for a day or two.   A good chance is the theme of the C-team, China stocks continuing on.  Many of them provide a nice float to move.  You spend lots of time trading and learning and going through countless emotional roller coaster throughout years of dealing with this market.   Thankfully, a month like this would make all the hard work you've done in the past seem worthwhile.      We are going to highlight just a few stocks that stood out going into the weekend concentrating on the Asian theme.

JST, we played this stock a while ago and someone lit a rocket boost behind it on Friday.    Is this all because of the asian theme?  We definitely think so to go with the earning thrown in.    What may added fuel to JST is the IBD rating and it's not a total surprise to see it show up on IBD 100 this weekend, #73.  Unlike the other IBD plays floating around in the last few weeks, MEK BTJ ALY,  we think JST may have some more momentum to go.   Why?   JST is not oil dependent, and it's in a sexy region!  This is something we pointed out Monday, a look from the oils to China stocks, well now its spread to Japan a bit.  But most importantly from the trading perspective, it's being discovered by momentum crown based on its volume on Friday.    Ok, so momentum doesn't go up one day and die down the next day and we definitely don't think JST is one of those one day wonder either.    How are we gonna play this one?   The bias is definitely on long side and we will be trading it aggressively. We are also seeing a trade around CHDX and BIDU, primarily we are interested in the CHDX action.

MR, if the earning reaction isn't exactly explosive, then we can say that we are glad that the earning thing is over.    MR went up on its own Friday and had a NCHigh after being mentioned early in DJIM Alerts.  We like this one very much and added on its advance. Again...why hold a stock into earnings, better to have free cash and possibly dig up a EXLS the same day. You can always buy the MR back, we've been doing it since introducing it late September at 16.40. It was a frustrating stock at times but now up 30%.... it's all forgotten with the possibility of more on the horizon!

GMKT, hit $25+ Friday after getting a DJIM headline November 9th has provided many opp's to enter in the 19's-20 since. Late last week buying the dips was a buying opportunity as well.  The stocks price and daily volume keep riding the tide... higher.

TRT, this might as well be a foreign stock as it does the majority of its business in Asia. The stock has been in a tight range since exploding off earnings with DJIM in tow from the $12's. The thin market might be the right recipe for another leg up this week. Although a quick dip to the 9ema is a possibility with TRT, a  potential buy point again. The other choice is to buy a confirmed breakout which is not far off either. Volume is key here, both ways. You want it slow and easy to the 9ema, you want it hard and fast into the high.

Thanksgiving week...

Traditionally, this has always been a good week for traders.   With a shortened trading week and many people left for holiday, there's really not a lot of action going on, unless of course you knew which buttons to push.    This has always been traditionally a good week for small caps.   Less trading volume means the retail traders can push some thinly traded or low float plays around.    Well, we think there's not so much of a difference between a retail trader or an institutional trader anymore.  You can either be a professional retail trader or an amateur institutional trader.  Either way, we all balance each other out in the heat of the action.      Today we had some consolidation among some of the runners from last week and we also had some new breakouts and follow through from some plays as well.    It's never a dull day in November's as we say.    Here are some highlights...,  it's definitely one of our favourite stocks today as basically the whole Chinese theme is just getting more momentum one play after another.   This one definitely broke out today and we added a few to anticipate some further upside. This one was a DJIM alert mention as a watch off earnings last week and again today.

GROW, talk about a stock that just wouldn't give up any gains.   Once the traders figured it wouldn't go down, the natural instinct is to bid it up, without hesitation.

EFUT, what a late day run it had.   If you are quick enough, then you'd probably caught a couple of points off this already.  It's interesting to see how this one plays out tomorrow, but the probability is high that it'll have a run some point over the next few days.    Again, this play has absolutely nothing to do with fundamentals, purely demand vs. supply,  traders against traders kind of deal.   We pointed EFUT out last night as a trademark play for this week.

EXLS, we are using the opportunity today to add back some on weakness.   We feel that it's a matter of time this one gets some good action going forward.

ZOLL made a move to last weeks highs before retreating...hey its TKG week and you can get nice advances on average volume all over the place.

RIMM, the big firms are trying to outdo each other. Last week, it was UBS with a $160, today it was MLynch with a $165 target.

TRT, If this was a reco. before the open and if you bought the reco. you really have to question the timing and if you're being toyed with .  Unfortunately the same that chase ruin the day. This was the case here as TRT ran out of gas.

What's so odd about this week is that we are actually coming into this week with some huge gains off this market... it really makes this week kind of unimportant in a way.   But of course, there are always those who haven't made most out this market last couple of months and are dying to make it up somehow this week!

Three and a half hrs left....

Still 3.5 hrs left to feast on this holiday trading week....do you have it in you?.

Wednesday premarket we noted JCG, J Crew which has been undergoing a turnaround since 2003 with a new CEO.  JCG came out with stellar earning and raised "G". We're not big on trading retailers but this one had a nice chart and the flavor of IPO still over it as well.  Hey, its not Limited Brands inc, (LTD) that we could do some serious due diligence work on over the holiday up here in Toronto... but with XMAS shopping season around the corner, this preppy clothier might stick around the DJIM books if it continues to gain interest. Of course, its Black Friday weekend so you have that to consider all the upcoming news into a potential retail play for your book.  The stock traded up to $38 AH's Tuesday, the open dipped into the high $36's..a surprise with nothing really behind it, this definitely looked like a buy opportunity to us..  Soon the stock picked up and it was not too much later that we entered as it started to catch some air. There are 100's of releases this time of the year, we are selective in putting things up you might want to look at during extended trading hours, DJIM alerts as well.  JCG was one you should have been watching early on with us.   CAAS's crazy one day run recently might have given you reason to check back into this Market Chat feature.

Another highlight was the move in the heavily followed DJIM stock MR.  Not much you could say about it except it managed to tack on another $1.50 after being alerted to with the follow up on JCG in the morning.

CMT, this late day alert Tuesday in the very low $9's put in a very good day closing in on $10. The chart looks excellent for this steady mover and it's IBD #'s are getting interesting enough to get some attention in our books.

GROW, GMKT continue to provide the best trading opportunities while climbing higher, buying the dips is not going out of style with these G's.

RVBD is providing the best opp in the recently followed DJIM tech names and is really the only one we have interest in trading...DIVX might be shaping up but the SCNR, TWLL, TRT, UCTT need further consolidation and/ or a breakout for us to get interested again.  Be careful tomorow, false breakouts may occur on small volume, best to pocket some gains because they can evaporate quickly come next week.  

EFUT, CAAS are teasing and might be playable tomorrow again, we just wouldn't be holding them into the weekend.

....Crazy Genes...

..We didn't ask for much this week...or did we?.....We just wanted to keep our 2006 gains in check and give us and you a XMAS bonus without risking much at all.....1000 shares of ESCL yesterday at say $7 & and change on the break of alert, fetched you maybe 8k, 9k, 10k,11k,12..maybe 13K back in less than a day of trading.  You know we are not of the speculative lot here at DJIM,  we don't throw spec stocks out randomly or give a stock a headline like last night for no reason.   It's not our game to risk our money or get you to risk yours... Going into this week, we said what we were looking for as DJIM stocks came off their highs ...we weren't about to start buying the dips and instead wanted to concentrate on some holiday shopping with a good return policy.   We would've been happy with $10..11 as we were happy with some $9 the day before on ESCL,  but the difference is we didn't calculate its holiday trading week (even if that was the premise heading into the week) and ESCL could even do more than last time!.   Most the day was occupied with this baby...momentum is momentum...slice it any which way...volume, exuberance equals momentum and this one definitely had the crazy genes in it to replicate its May run.   Turned out not to matter if you bought yesterday at  $7's..8's or if you had started to play it today...either way...you should be ho' ho..tonight.   Traders can decipher momentum easily, starters can just as easily...it's all about volume!.  If you're a rookie, you're not at such a disadvantage...volume is volume...all can read that!.  If you want a short term trade, 20-40k ain't going to cut it like in EVST.

The bias has been SHORT TERM trading this week. If a FFHL goes from $10 to $12 after alert in 1hr of regular trading,  we are happy for those that closed 20%+, but we are not so happy to hear one DJIM reader closed on another.. but that's the game of trading, folks.   If you believe enough to buy a stock at $12 from a IPO price of $8 ......be ready to suck it up if it turns against you for a bit.  You're playing the game, so be prepared.  Still a day doesn't make a stock, up or down the day after the IPO.

Kinda happy for all those that have held onto FSYS, a good stock that just isn't discovered. Today was a little redemption...

RVBD fought back because of TW comments premarket, still the NASDAQ needs to WAKE UP before we get excited about DJIM techs again.   Hey Cramer only brought GMKT a little further than we did..no biggie, we were there first.....POWL has kissed $33+ from our 28,  OPTM hanging in with a mildl NCH as well.

Still beyond the plays and the playas'...OEH was a nice pick up this morning for DJIM.  We've been watching for a few days and bought early today off yesterdays NCH.  If we didn't think there was more potential at $45.50's, we wouldn't have mentioned it...make a long story short...1.2mln after 60k volume alert and a high of 47.82 on the day.  First million plus volume day probably in a year for OEH (200k yesterday),  not the first record volume day for a stock after a DJIM mention without news.

Charts updated include: FSYS OEH OPTM POWL REXI and ESLC for the remaining nutbars left in it;)