Dow 13K?
Monday, April 23, 2007 at 08:41PM
Jon in KRSL, MTOX, ROS, SILC, SYNL, TNH, TRCR

Who really cares?   However, the CNBC show has to go on and "intelligent" topic has to be discussed in order to attract viewership.   In all honesty, those who trade stocks for a living don't really have much of a choice but having this CNBC on in case we miss some important headline.   Ok, enough rant here!      Market has once gain showed its inability to march forward and much of the action came from the smallcap land.  With a 91bln bank deal overseas leading the usual Monday activity, we expected more follow through today.  This is a little bit early to talk about but we are about a few weeks away when the seasonality factor kicks in.    Sell in May and go Away!    Ok, so for those members who have billions of dollars at stake, don't blame us that we didn't warn you.  lol   For the rest of us, life goes on and we will adjust to whatever the market environment when changes happen.  There are a few interesting setups today and we are going to go through each one of them....

KRSL,  this one gave us a very profitable trade a couple of months ago and we never take it off our watchlist.  It merely sits in the back of the class until it decides to stand up one day ann makes itself  noticed.    We noticed it earlier today off the news that the co. received a contract(MOU) from UTX.   This is essentially the first good news we've heard from the co. since it reported its last earning.    We'll take it.  It's good to know they will continue to be busy going forward.  The reasons for a move has been summed up in the alert, so we are not going to repeat here.   One thing we have to point out that this one trades very thinly and it can go up as quickly as it can go down.    We got in the $23s and will act accordingly.    Chasing blindly without a plan is definitely not a good idea with a stock like this one.

TRCR, this one reported earning after the close and essentially this is the best quarter for this co.   It beat year over year, also up nicely sequentially.   This one has had pretty steady action since the last report so there's a good chance that it will continue the same pattern.   Although there's no exact telling how the stock will behave tomorrow but based on the AH action, making a new high is not out of the cards for this one soon.  We might actually keep an ear on the CC late morning, or will just watch the action at that time to possibly make another move. 

SILC,  we are going to monitor this one really closely tomorrow because there's potentially a chance for this one to break out.    We believe this is also due to the pre-earning run and eps date is 25th of this month.  Hey, we got one from DXPE Friday and today from USAP, so why not the SILC'ster!

There have been quite a few names that made some nice moves today..SYNL MTOX CYNO USAP. A few of them are the quiet types which include TNH GLDN SCHN GMRK ROS.  We are glad that there's enough action out there despite the weakness from the major indices.

...lets's see what the chips can bring tomorrow off a couple of good reports AH

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