DJIM #13 2007

As we head into another week of trading, we begin to wonder who is doing the 'blowing'.  Well....it was like hurricane gusts to propel this market.  All this despite oil going back to $62 and a few other world issues that didn't dampen the buying during the week.   Someone ' big' wants this market up...might the earnings and guidance coming up be a reflection of this enthusiasm or we just being set up for a hard thrashing at the awaiting tops???.  The timing seems quite interesting as we approach another earnings season.  Should be interesting.  Our strategy remains the same as we take this day to day, attacking opportunities as they come before us.  Last week was a hoot on many trading fronts....we hope we get a third of it this week.

ASTI provided the speculative trading. We tried to walk our strategy on DJIM cause ASTI seemed to have a chance of catching momo.  This momo can be a powerful thing and could also be a dangerous thing.  We've done the same with EFUT, FFHL giving in depth thoughts as it trades along.  What momo brings is also greed as all of a sudden 20% in a few days is just not enough.  We gave our next entry point as to when we were expecting a break and some momo and then a heads up premarket Friday to watch that good ole' Mr. Greed as the stock gapped and gave you an opportunity to pocket the gap winnings.  We said our script was written to that point, this means Mr.Greed was not going to look over our shoulder the rest of the day.  How will it trade this week?. Who knows but this story will have ample opportunities to trade in and out in the future.  We'll be there in size again but for now we'll hold a small position only.

OEH,  provided the long term DJIM thinking coming to fruition with a 3bln price tag attached. If you didn't take a position on this speculation we talked about a few months ago, it shouldn't have stopped you from buying and profiting nicely in the last 3 days of trading.   It still gave a 2-3 pt day Friday after we pointed out in the forum that the price some are expecting could be higher.  We've held quite a bit into weekend hoping to wake up to a buyout on merger Monday. This is a safer type of greed as we look for a few more points.

The big gains last week came from the Oil/Gas equipment/field services etc and DJIM was there with BTJ and its 13+% week.  Here, we also have DXPE which looks to be building up for a move higher.  If you are going deeper into this sec/energy, we threw out OYOG, which IBD says this weekend  is within a buying range.

On the Russian front, GLDN which was already a go here in last weekends Journal went from low 52's to a few cents shy of $57. But the play mentioned Monday night, might be VIP going forward. Why?.  Well...do you remember how this went last Q when we took on MBT and then said we could get a spill into VIP and other Russian telcos. Guess what, MBT put out very good earning and this should be a hint of what to expect from VIP's earning.  VIP closed with a NCH Friday.  Also... one of DJIM early plays, WBD made a nice run late in the week to close at NCH and should be potential playlisted.

As far as Solar, we said last weekend they'd be interesting to watch and as it turned out to trade.  FSLR checked in with a 7-8 points during the week.  It tired some Friday, but maybe that was expected as profit taking sunk in after a big week.  Still...it finished up there on the chart and remains our favorite solar story/stock to trade.

AFAM, NVTL and others are pretty clear over on BT's charts.

CRZ AMAG, we are watching to uncork a few dollars into but we need to see more action to add.

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