Google+
YourPersonalTrader- Toronto Canada/ London UK
« Tricky Environment | Main | DJIM #12 2007 »
Thursday
Mar152007

What Bracket?

Seems the East, Midwest, West and South brackets are more important than the Trading bracket game to many today...or did we just need a breather and some caution before tomorrows CPI?.....or maybe too many were hypnotized by the Level 2 trading on LEND..lol.  Man, we're turning that damn thing off..promise!..another day of that and we'll need medication to get over the spins besides a stint at rehab.  That was definitely the 'play' the last two days doubling since yesterdays mention.  Either way there was some follow through on the indices and many DJIM small caps performed well and that is what we are taking into Friday.

ASTI, it really had no chance today for more gains as the Solar plays FSLR, TSL fell out of bed at the open and never got up. If ASTI starts to act like the others it will be a good sign of recognition in the space and we wouldn't mind that all.  The ups or the downs, as long as it is bunched in with the familiar names.  Sooner than later the market cap comparisons to those bigger names will get this noticed even more.  Considering the day it had yesterday, todays dead solar dead day and being down this much is nothing to a low float stock.  Another thing is to not forget the price of the deal.  It was big 23% of shares and with a big name (NHY),but it was $5.77.  This deal, this stock needs to digest the gains over the placement price.  Give it time, the smart ones will probably be accumulating this over next little while on any dips. Also... a morning note today from Lazard had some nice price targets on the solar stocks, one of which was a $65 target on FSLR.

By the open tomorrow after the CPI is released, we will know what to do with these names.  If we can look forward to any buying before the weekend it is on these familiar DJIM stocks, HDNG UEIC CYNO BTJ and AFAM.  Oh yeah, blast from recent past CCF is almost there too, but we'd prefer to be trading something more liquid now.   All these EPS stocks are looking pretty good as they are at highs (HDNG AFAM) or looking for a sign to get at one.  At this point we have small pieces of each and will look to add on those showing momentum...if momentum shows its pretty face.

We are working with our host Squarespace scanning DJIM postings to see why a small percentage of you are not getting 100% of the posts. Thank you for co-op and please let us know by email if this is still occurring as we go along.