Boy it definitely feels like a long week to us. Today's market is typical of summer action with exceptions to a couple of plays. Really no conviction, somewhat expected after yesterdays move. Most of the plays, according to our book, were trading in a fashion where we really don't care where they end up at the end of the day. Hope tomorrow brings a little more action, even some volatility would be nice because today was a real snoozer.
MA, this play looks as though it can rest some here. We liked its strong action for the past three days in a row but we feel even the strongest stocks should rest after a good move. Given the float of the stock, there's a good chance that the stock may rest around here.
RCCC, this wireless play just keeps on moving u, fetching $33's today. Right space, right time.
MFW, is another old DJIM flame that we bit some on late in the day. We like the move it made yesterday off a morning sell off, rebounding to finish strong. Today it carried on.
ESEA, we are adding this one to our watchlist and we've added a very small position today. This one is in the same business as TBSI and both are exhibiting good strength in this market.