and not the crispy burned type......Damn....it was hot in here!. It doesn't take more than a 60 watt bulb to tan these Toronto boyz but nothing gets them hotter than a few of their Solar plays movin' and grovin'. Rumor has it the market took the day off as many had expected following yesterdays blow out afternoon. Well, we didn't notice as this was one those 'oblivious' to the market indices days as our closely followed had a helluva day. DJIM's gig is to get you following what we trade, the tedious research can wait till we throw out a new stock to consider ...we'll find what you can trade over and over again and as noted last night some you can store away as well. Recently, we said it might be wise to put some shares of solar plays away in a shoe box and not worry about trading them in and out as this story is not leaving us for a while....Today..was a perfect example of the potential in these names. Solar stuff is nothing new as we've traded the WFR SPWR'sin 06, but we like the FSLR, ASTI, TSL to concentrate on in 07'!. For the average investor or trader to be, there is no extra plays you need. We're full time and it's plenty for us. Until a secondary play catches the same fever as our current plays..we won't go there!. We welcome the next FSLR...when it comes!...
ASTI...wow are members are the greedy bunch...lol. We 're not going to push it to $10, we were just below $8 yesterday. We said when to expect 'us' to come in the last few days. The script was written and we kept in touch all the way through. Still...more than one opportunity existed today!. We've talked about the day if ASTI catches the solar fever and gets bunched in with our other names. We wanted that!. If you begin to think like us, the early action in TSL and FSLR should have made you think it might spill to ASTI or at least hope for such and therefore been watching closely. If you consider our mentions of a potential powerful 'flag' move that ASTI was creating yesterday. Whats a flag?. In laymen terms, it's a pennant of sorts in some circles....one look at the chart and the tight range (spread hi-low) yesterday was a move in the making and today there was a catalyst to use to solar it up...the TSL and FSLR to set the bugger off. So there was two trades in ASTI today. One was the piggyback ride of the solars to the first leg to the $8.70-80's and the second which we spoke of the last few days. We had numerous emails, "is the love" and we responded on the forum that you will feel and see it. The volume was a measly 700k at this point. The love did come and ASTI added 2 million more shares to the volume end of day and a high of $9.70 was hit on the move we were looking for. Maybe after 17% on the day gain, we should not concern ourselves about the close. Sure, we would have liked the highs to be taken out end of day, but 17% is plenty and enough to spread the ASTI name around for a little while....30 cents off the top is nada!. Maybe we should also accept this is not a Baskin Robbins stock, as in flavor of the day, small float momo stock to run EFUT, FFHL style and accept this is a longer term investment like Norsk (NHY) thinks it is by picking up all those shares.
FSLR, what can we say? ...our fave ain't going to the doghouse after a NCH. TSL, a top 3 solar here..still has some catching up to do but definitely played its part today. When we started DJIM, we talked about catching points and watching them add up....parts of 3 points on these two and the ASTI play and you should have a nice glow about you tonight!.
OEH, this has turned quietly into a pride and joy type here. It is these stock picks that we really like to hit on the head. Also VTRU, a earnings and takeover play for DJIM this Q was taken out today for $48 or so. Well, we already saw higher than todays trade in VTRU after we started covering it, so today just nailed the trade idea for DJIM. OEH was here first as a trade that busted out in the 40's after an alert and later it turned into a takeover play. See Alerts in preview section. This was confirmed a few weeks ago by Briefingcom and today it hit the press big time. We got a little lucky buying it again yesterday........well, maybe.......when you look for strength, you sometimes get rewarded and we did today. We buy NCH's and OEH was flying yesterday as noted in the morning forum before the market even had a chance to suck up the Bernanke. Looks we don't need to stay at a HMIN at $16 bucks a night now!..lol. We've kept some and traded this 6% move today and think our OEH can fetch some more room service. Our mini bar needs re-stocking after todays DJIM stock ride.
KBW, the financials were running hard yesterday afternoon after the FED talk and if you didn't want to dish out about $200 bucks for some GS, we gave the forum an alternative DJIM play at $35. GS exhausted today, KBW ...which was available for under $35 yesterday... closed at the days high at $37.08. No easier play for a few shares out there. We had a laggard as in one not many still associate with a financial play and it proved to be a good bet for a few points.
Where do we stop?;)
BTJ, our oil play..up 2 bucks-6% to a NCH.
CYNO hit 27.66 and still made a NCH, NVTL almost to mid 15's and looks to solidify the $15's, HDNG another NCH. Some others had little spikes like SIMO and GLDN before giving it up, but they've had a few real nice days to follow up on. Only real loss was a measly $1.20 in HURC. The few that were red, closed less than 1% off. You can't argue with what our closely followed did today in a boring market day. Last night, we said you might want to take some profits as this market digests yesterdays afternoon roll. If you didn't today with this golden opportunity while the market lagged DJIM stocks....consider some tomorrow if profit taking Friday comes. Still, this weekend should provide some merger activity that has been shelved before the FED action yesterday.
We dabbled in some CRZ and to a lesser degree OYOG. CRZ, asset management co' is one we watched before and it reported last night, Crystal River Captial reports Q4 EPS of $0.57 vs $0.07 yr ago; revs rise 69% to $59.1 mln . We like the way it traded and will look at a break over $28 to add. OYOG is coming to high today and is involved in the oil and gas biz. It's float is all of 4mln shares and when it comes at a price of $60-70 bucks, you can expect some big spreads. We'll see if it continues to new highs before adding to a very small piece we hold now.