CSCO who?

CSCO who?...Paulson who?....Bernanke who?....seemingly this is what the DJIM core and secondary holds kept saying all day.  Absolutely...no consideration or respect from DJIM stocks to the rest of the boring market or its talking players or what is coming AH's.  What could we possibly say tonight, except wow and laugh a bit.   The funny thing .. this is not first time we have seen this divergence between DJIM stocks and the weaker bias in the market.   If or better when the time comes that we come down to a few positions or go to mostly cash,  you will recall these days and ask what was I doing wrong?.  Basically, if you're not capitalizing on these moves it is a missed opportunity and you've simply been in the wrong stocks.   It's easy to blame the market instead of yourself!.   The interesting thing is these are not one day wonders,  these are for the most part continuation of moves in new DJIM stocks from 2007 and some late 2006.  

Let's take USAP and another new high attained today..it's only been wined and dined here from our first buy in high $36's....we don't expect all to make 30% so far in '07 on it,  but surely you have enjoyed more than your share of points on it...Why else are we all here?..Earning gems..NO?.   We're not here to wait on double bottoms, we prefer to toast a double shot of something at the end of the day after discovering a earning play early and hopefully sticking to it as it is discovered by your neighbour...and if you don't like neighbour there is nothing like selling it to him or her at the top!

Why do we keep an active chart list even when we sell most of a position...Example...VTRU

VTRU that we sold off most last week ( also an earning play from $43's)..simply, you take your points, your profits and watch list after...why?...so you let it consolidate a bit and then try to catch another move...WOW..we said it was looking better at low 47's in the Forum...minutes late this one really broke out and was nearing $49 end of day with volume.

CNS...little reaction after stellar earning but we held it on close watch looking for a turn.  It came last week and noted our buy in...4-5 pts since including another alert this week. You gotta love the last 4 day sticks on this stock!.

CCF MFW, we mentioned we were selling some of these off yesterday. Today was just an opportunity to rid of some more at higher prices or as in MFW case trade some.  After all was done, we probably came out with a bit more MFW than we had yesterday at the close.  We are not arguing with these going higher,  but we have to realistic especially in a market showing a weaker bias all day with stocks covered here from 27's (CCF) and MFW ($28). These are 20-30% moves just in 2007. 

Speaking of selling, GLDN hit the 57's today without noticing where its' trading..the flat NAZ!.  Besides the run from the high 30's here, this was alerted last week at $53  and yes we took some of the short term profits.  If you've kept track of this stock, you know this has been a great pick up on any pullback, especially to the 9ema.  We've kept enough to prove this is our favorite Russian telco stock.  Speaking of closely followed holds from last Q,  let's not forget the ABM making new highs..this is as steady as they come from $21's for DJIM readers.

Not to be out done, we had one (AVZA) from our bleachers, the cheap seats come through in a nice way.  If you didn't catch the first alert at the open the other day, hopefully you moved on Monday's.   Plenty of opp to add at $6ish to grab part of this move.  The volume wasn't spectacular but hopefully the NCH brings in some more money overnight.  SILC, TRCR just fine as well today.

Considering, DJIM stocks have done these runs in '07 without the NAZ's help,  we'll put our pom poms down tonight and let the CSCO cheerleaders pave the way..Let there be many!...The ones with AAPL and GOOG on their sweaters had little bounce in their cheer and definitely no kick!.  Some suggested reading in our archive as to the possibilities for tomorrow.  Same ole?.  We'll be cautious and take any bump for profits most likely.

http://djmarkets.squarespace.com/journal/2006/11/9/cscodisco.html