DJIM list wk#4

DJIM doesn't want to sound like a broken record but like ( DJIM WK#3 ) will be going into the week focusing on the volatile names (IAAC,BTJ,GROW). We are not going to fiddle with macroeconomics here, we are looking for the best possible plays right here and now. Simply, if the markets tape is not to our liking...we shut it down and go cash. We can become rather shy sitting in cash and will not be so narrative in the future ...and yeah that future will come out of nowhere and we will become a couple of groundhogs;)...Right now, there are things on the table that if traded right are quite the profitable ride. There is a herd over these volatile names now, we want to be where the volume is....we want to be where new highs are being hit. These three cats are providing it. It is hardly a surprise to us, to many of you that our closely followed end up #1, #2 IBD at some point. Of course the game gets volatile at these IBD heights. There is always a option!. Getting in early and walking away with early profits off a earnings gem before the IBD hype comes bringing with it increased volatility. It didn't take long for BTJ to go $15-20, GROW $24's to 28..even 35's if you had kept some, traded it thru and around the EPS # and been clean of it come Post-IBD Monday. Personally, I wasn't up 6/7am and posting here because I wanted to tell you about the lovely sunrise. I was waiting for GROW's #'s to hit and possibly trade before the desks came to sell into any gap strength. There is always that window of opportunity between a number being released and the CC/or before some view is out to bring it down to earth. Now....the rest of last weeks list...after hitting some nice DJIM highs/gains FTEK, WBD are benched this week till further notice, as mentioned the slow ones will barb you too if you ride them too long without a significant breakout or into a weakening market as we had last week. Keep close though for a bounce watch this week.  Remember, we recycle. CETV is looking good, CTCM is just the bouncing ball and should always be kept close, it gets interesting near 24.These 2 get off the bench heading into the trading week. As mentioned last week one of including GRB was feeling left out, it sure put on a show climbing to high 16's off our $15 mention following earnings, it remains on the list for maybe another try. NEU, PWEI, AMIE and to a lesser extent UIC remain listed.

We will be adding a couple of new stocks to the DJIM list. One is TWLL

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.

CPY at $43

In doing DD on this you'll see a turnaround story in the last 3 Q's as they went to digital. The busy season which is over 30% of biz and what makes the year is approaching. Look at the Q4 in '05 to see what it is capable of doing after already going eps+ in the first 2 Q's of '06. Its a bit extended but have added along the way. A pullback buy for later or the story just keeps on rolling?

update note on WBD- re-entry

This original DJIM listed that provided some trading opportunities between 44's-new highs recently willl be watched closely again after its report yesterday. Net income rose 5 fold (29.4MM v 5.3MM), sales up 20% for 6mts net income is 46.9MM or $1.06. YOY and sequentially it looks very good.  UBS upped to BUY this morning. ($42.2 close)

Update on Wednesday, September 13, 2006 at 01:29PM by Demi/ YourPersonalTrader

WBD chart- typical reaction last week before earnings, see the similar slope days before earnings June 15 and the follow through afterwards ...looking for a similar reaction after this EPS#.

Update on Friday, September 15, 2006 at 12:21PM by Demi/ YourPersonalTrader

WBD as it trades to mid 46's on friday, here's more on the EPS and upgrade

UBS analyst said the results were "well ahead" of her estimates."We expect momentum to remain strong: measures from new management team which joined in the second and third quarters should become more visible in the second half of 2006 and beyond," Sukhanova wrote in a research note on Wednesday. "We expect that strong dairy and baby food performance is
sustainable going forward while the new team turns around juice segment performance."Upgraded the stock to "Buy" from "Neutral" and raised her 2006 earnings-per share estimate 32 percent to $2.20 and her 2007 estimate by 20 percent to $2.90 per share.
She also raised her price target to $52 from $45.

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

Keeping Focused...

Even though it seems every low floater with better than average earning is getting played as if it's the next big thing, we still have to be focused and catch some real opportunities.     Stocks like ANGN RFIL FNET in our opionion are just runners.   When you catch them, great, if not, no biggie.     Here's some update on stocks we are trading today....

EDU,  what began as an accumulation/chart play for us turned into a spectacular show throughout the day and right to the end.   We like the story and its action and this is looking to be a beginning of a leg up.       The beauty about these IPOs, there's no resistance and we can literally ride it as high as it wants to.    It's a profitable Chinese IPO with a relatively low float that happens to trade on NYSE, and it has decent earnings growth, and any more fundamental research is redudant at this point.    Hopefully this one will do some wonder for us. 

http://djmarkets.squarespace.com/charts/eduisnew.jpg

GROW, they shook the tree and alot of players fell off.   Well you basically have to see it to believe that the play is not over.    We are not arguing about the earning quality here, just stating the fact that the action today and yesterday looks good for a long trade.

IAAC, as Demi mentioned before, the selling may be overdone due to the commodity selloff, we bought some and looking for a bounce.

other stocks looked strong today include ANST GRB WBD CETV ANGN...

BT charts updated for 09/14 inc:

AMIE,CETV,CPY,EDU,GRB,GROW,IAAC,UIC,WBD   Sec.watch ALY, BTJ, NEU, that we have kept up for a possible reversal trade. GRB is a good reason why we recycle the stocks we know as it attempts its second $15 to high 16's trip.   There are no current positions in MFRI, TWLL, FCPO as we wait for volume confirmation to possibly enter. FCPO got a paragraph today in Briefing.com which is posted in MC.

more TWLL

TWLL note in MC,  looking good into close..volume up from 20k in earlier note..

TWLL profiled last weekend, see below.

Update on Thursday, September 14, 2006 at 06:06PM by Demi/ YourPersonalTrader

Has the Best Buy pin action touched TWLL?..HD-TV bandwagon..LCD'S..Samsung biggest TWLL customer....bring your car into a Best Buy near you and get your TWLL car navigation/toys installed...

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.

SYX $13.40

We are adding this one to our watchlist this weekend.    You'd wonder why we are doing it now since it just had a 60% runup?    The reason is the stellar IBD rating 99 99 this stock carries since its earnig report not too long ago.     We've started buying($13.40)  little today in anticipation of an IBD runup next week.     We'd be adding on further dips as long as it doesn't violate major trendline.

Update on Saturday, September 16, 2006 at 12:32PM by Demi/ YourPersonalTrader

When this niche computer maker (SYX) was first spotted on day of release AH, the .48 vs .07 was basically ignored. SYX must've sold everything but the kitchen sink to get this EPS and what would be left would be something closer to .10c. Well, there was a one time gain but it was for .12c leaving the Q at .36!!. A company that has revenues in the 1/2 a billion a Q pulling this off, pretty impressive...not the typical DJIM play b/c most of our plays don't make that in a lifetime;). There is really not much to know at this point in regards to their financial #'s except what IBD gifted them with and that's a bunch of 99 #'s.  A neg, the 'spinach' could be the filing issues, so do your own DD as always!.  We have watched this creep up, scratching our heads waiting for true momentum to come, NYSE most likely the culprit as its the last place you look for momo.... EDU the exception:)...This week we started to hope for a pullback to initiate a starter position. The action was a little ugly end of the day, you never want your stock to finish at the lows of the day but it was on low volume and on a Friday after a nice run. Another possibility for the action is a select few wanted to retest the high area and then quickly get it to test the 9ema (12.80-90) area setting it up for a IBD kick soon. You all know our thoughts on the 9ema, especially for exits after a run but you also know many wait for this spot to initiate/start a position. Pure speculation on this close and the possibility of IBD hype coming next week, but we know there are too many that like the 99 position SYX is in. The volume has been steady 200-300K, hardly topping action it seems for a very reasonable float. Next Q's comps to beat are .04c. No coverage, we always like that as there is no one to knock SYX's drawers off out of nowhere.

http://djmarkets.squarespace.com/charts/syx15.jpg

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.

VIVO- possible 'spinach' play

There's some junk running on this E.coli. Keeping VIVO(24.03) in mind, a secondary idea as it makes the #1 Kit for testing on the back end. Also being added to SP600 today.

SNCR(ipo) at $10

On the heels of our crawler TWLL a recent IPO, we are watching/buying some SNCR as it has pull backed and now sits near its highs again.(10.05)

http://www.taulli.com/taullicom/2006/09/synchronoss_ceo.html

Very 'GREEN' day

While the market slopped, chopped around the DJIM list was having a great day....6 of the 9 were up over 4-5% early on, a few WBD and UIC ran into DJIM highs it hit recently and gave some back. Don't let others be the only ones to take some off the table on days like this....GROW which we mentioned makes us a bit nervous gave a nice opp to take some off as it climbed 6+% intraday. We added a small starter in SNCR as it nears its highs, the volume was a month high today. This one reminds us of TWLL , the big winner hitting $17 after being added to our list a week ago. Not much else to say, the charts paint it all.