Boring but still productive!
Thursday, February 22, 2007 at 10:54PM Market exhibited another lackluster day as two major indices went opposite of each other. Like many traders, we are also pondering on whether we'd be seeing a big move from this market. While we ponder our thoughts, we are also busy trading those that are exhibiting superior strength in this market. Again, there's no shortage of stocks to trade today as it's becoming a trend lately. In all honesty, as long as there are tradable opportunities for us to get our hands on...Is it even relevant which direction this market is going? We never believe that anyone can be tied down by the market or a particular stock. When it's time to move on and cut a position, one shouldn't think twice to do so. Liquidity in our opinion is retail trader's greatest assets. Here are a couple of plays worth noting...
HDNG, yes it's another one of those thin floaters. lol Actually we have been trading all kinds of EPS movers this earning season so far. The stock came to us when it gapped up in a volatile fashion. The company reported a very decent number and the only concern we had is not knowing how this stock will react based on a heavy institutional presence. Believe it or not, this one still trades like it only has one million float when in fact there are quite a few institutions holding over 6 mill shrs combined. However, there's still no analyst coverage on this one. What we are looking for is more exposure and coverage. We had CCF, EML, SYNL and now it's HDNG's turn to show us what it's made of. One thing is for sure, its earning number doesn't lie. Oh and it looks like IBD raised its number to 98 94 A after the close, not bad at all.
KBW, this one just didn't take long at all and we added with today's strength after consolidating just over $36. We knew that a financial company in this market cap range is always sexy and attractive to institutional investors. Why? They are always potential takeover target for those big and hungry financial outfit.
USAP HURC GLDN FCN JASO , all these made new closing highs and we are being extremely grateful of USAP. We feel that HURC has a pretty good chance of pulling a USAP move. It seems HURC has more staying power than its previous earning reactions. Basically, it's acting different with sustained strength.
January was a bit slow for us in terms of earnings report but February seems to be full of good surprises. This seems always to be the trend for us as we are getting more and more opportunities toward the latter half of the earning season. The only thing we want to say at this moment is "keep'em coming!". Friday has a way of throwing out a new play lately, so be ready.