..unremarkable

but...considering the futures premarket and the somewhat grim, yet not horrible Eco #'s, the action in quite a few DJIM plays wasn't undermined. The market is finding some stability in the multi nationals and the dollars lows for technology stocks as if business will go on and prosper from the economies abroad.   This is all dandy but a lot of the action is institutions swooping up and dressing their books for Q end.   This should provide a decent vibe for the rest of the week unless some Eco' numbers come in and shock the markets.   If the energy and bank stock would participate, the majority with tech comprising the SPX and we would get a very decent up day before the Q ends.   So trading life goes on and opportunities are presenting themselves daily with the niche we cover.  Yesterday, we had good action from the usual suspects, besides the shipper and solars , a few nice breakouts continued in those that lagged or consolidated the most recently...notably GRMN (a buy $125 by DB this am) and CROX.   There is a lot of froth reminiscent of bubble and pre holiday trading running rampant in the Chinese cheap speculative stocks..sometimes this is a sign of a pin coming to burst a bubble.    A big IPO(bank) in China didn't get the usual response of a huge first day.  A modest response at best with a 30% up trading day. This might be something or its just a fact of the investors having many options to put their money at work in similiar stocks.  We'll see if this all adds up to something in the short term for the Shang or this these thoughts are a much ado about nothing.   The forum is free to use if you want to post the speculative China runners, but we won't be writing about them in the Journal as it doesn't fit into many of the subscribers wants and needs.   Most here don't have the capabilities to trade these in a timely and efficient manner in a day trading mode.

Away from the 'usual suspects' that should continue to provide trading opportunities, we will be looking at a few names early...

ICOC and LULU, we like the way these traded in the afternoon and will look at them early on to enter.

CDS,  we are fine with going with the China cheap momentum and so this issue may continue to get momo, but we do look at these plays that emerge from other groups, such as this that originated in Briefing as an opp' to flip quickly or be flipped on in the first couple of days of it being discovered and spread around.   Basically..at one point during a rise you are riding the coattails of those already loaded up and ready to dump on you in most instances as the herd comes in after getting wind of it.   It is not only the ones that first make it public in a group that load up before, it is also and may be the same loop that buys the stock ahead of the AMEX listing in this case and then breaks this stock to the public that will be the first out.  So, the mentality is 'trade it' till your blue in the face or till your pockets are full of the green stuff, but we are here to also give you a glimpse and an education of what we have experienced in the 'underground' trading world.  Just keeping those not familiar with such listings on their toes. The difference here is the thirst for these China cheapies that may carry this.  Good timing you could say.  

A while ago, we introduced FTK (Flotek industries), the morning before its listing on the AMEX at our old grounds, the stock has launched to ~$45/5X its purchase price that day..simply it was at right time at the right place with the oil sec plays in high fashion for months ahead...so this could be timed right as well.