Seems many gurus are writing off the market saying this latest liquidity plan is just for the big boyz to get out higher and fry us all. Hell, many have predicting doom since summer or years for different crisis situations, but we just keep playing along with many of you as we have done so for 3-4-5 years. We love conspiracy theories , but we don't trade them unless they are ours and we won't give up now thinking this market can trade up still. Maybe , we are too simple and too simple in our methodology... We/You are not giving our neighbour a loan and they won't give us one and so the banks have the same situation. They don't trust each other and so the liquidity plan comes to fruition. Simple... someone steps in and helps both sides. We are in favor of this intervention and think this will help soothe out things eventually. It's a start. The last time anything close to this being done on such a worldly scale was after 9-11. That puts things into perspective in more than one sense. The severity of it all now and the ability to fight back is there as we've seen before. Day by day things will clear... if the market can't hold a13500 DJIA or NASD 2700 close in the short term, we'd start to worry more from a technical standpoint. But...until then we are ready to jump on Santa's sleigh and go for a ride with a few of his helpers. Well, the DJIA did hold 13500 (barely) and the NASD is still some 30 pts away, but we all know what 30 points is like and that's a half day of a run these days. The way RIMM, AAPL BIDU performed makes it even more plausible soon and therefore an opportunity to strike these names up again will come. We are encouraged by today's action, the lows of Wednesday were hardly touched on the indices and we worked higher into the close. A little grit and determination was seen today and everything held together after yesterdays big intraday slide. ' If ' we get a manipulated CPI number premarket, we could have an added ingredient for a move starting for next week. We are getting to the biggest time of the year for manipulation as the volume will soon start to dry up. This is the time for all the manipulators to step forward..big and small and boost year end totals on all boards. Surely, a BIG lot(s) will be there to help out the market. You help us out with liquidity....we'll help up you in other ways, guys!.. told you we love conspiracy theories, we just like'em on the bull side.
LRN, K12, how cool a name is that!;). Anything/anybody to help the kids from Kindergarten to grade 12 surf online other than us is a great concept!. Okay, so its a little more than that as LRN offers a 'real' curriculum of educational services, lessons. A virtual public skool alternative to supplement the kids education. A recent educational IPO, APEI serving the military/law enforcement had a big run since it IPO'd as we noted with LRN today in the $22's. It had nice full day trading to the $25's and we were trading/taking positions throughout the day. A 6mln float makes it attractive to boot.
MELI, a long standing citizen here and a recent alert this week at $45 was making some people very happy last night as it traded to $58 AH's off Cramer. It's only a recap if you are not trading it this week as it's held its ground near highs through all the volatility we've seen. We have always liked to sell to an incoming herd from another source.
MA, another long term play here and again highlighted a few times this week hit a NCH with a $224 close with a converted touchdown and field goal day..10pts. No yellow flags with this machine.
Solars, we highlighted this bunch into the trading day and it was really the only 'group' action going with FSLR, ESLR leading the way off the upgrades mentioned in the morning. JASO, SOLF, YGE all held green as well and if we keep seeing this group up, STP, SPWR will join the ranks again.
MBT, VIP, after making NCH's recently they have tested 9ema and seem ready to resume if the market gives them a chance. The telecom sector has been one of the leaders on bad days in the market and with Russia's political picture clearing up it should bode well for these ADR's soon enough. These have always held up during the rocky days of November. ROS, a secondary play on the above when we started coverage back who knows when is a clear beneficiary as its practically a 'state owned co'. The other two offer volume and so we'd continue playing with them.
RICK, so this is where all the bankers are striking up liquidity plans these days!..No wonder they have no $$$$. This one just keeps on doing a slow dance up.
GXDX, no big surprise the traders didn't show up the day after EPS. We've outlined numerous times recently that small/ float EPS plays are not getting the love immediately as we have been used to in the past. The chasers are still not there as we saw today and since this stock had a very nice pre earnings run, its really not surprising to see profit taking come in. Keep it up there on your potential playlist. A pullback always balances your risk/reward out.
Oh yeah, RIGL, wait till phase 3 comes out, it will go to $100..;). The beauty of this action is there's crazy foolish money out there still to play feverishly and we like that. Along with interest seen in the IPO LRN, it gives us more hope in the coming weeks for plays as there is a willingness to put money to work. It's sporadic now and sometimes doesn't last too long , but that could all change as spreads widen in more names when the volume starts to dry up into the New Year.