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DJIMSTOCKS- since 2006 - Toronto, Canada/ London, U.K

· Daily stock market color and insight before every U.S market-open, 'INTO THE TRADING DAY', 5X a week before 8:30 am/est. Follow our extensive trading desk experience and lead in recognizing daily event upside/ downside risks ahead of each trading day.

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Entries in JSDA (14)

Sunday
Mar112007

DJIM #11 2007

You can't tell traders, investors,  'March Madness' is about to tip off.....it's been center court since February 27th and there is no Cinderella story emerging.   Actually, she went to a 'Rally ball'  last week with a tall checklist but all she had was change it seems.  She wasn't the only one.  Simply,  you can summarize last week as a week of high expectations for bargain hunting without a lot of buying.  By Friday volume had dried up, there is simply too much apprehension in the players even after 3-4 days of a reversal. Three days of a rally mustering up barely 1% of a gain in the indexes is little to get excited up.   As we've been saying this bleeding might need time to stop, right now the traders are looking under the band aid for reassurance the cut has healed.  Simply they are re-bandaging all over again just to be sure it doesn't bleed again with an unexpected news blurb.  Somehow the trust has to come back,  maybe we will just consolidate till earning season blooms again.   Hey, it's only a few weeks away till April kicks in, yet we are still finishing of the first Quarter of  '07 with micro/small caps reporting that are giving some play (JSDA #99 IBD).   If there is anything to look forward to, it is a fresh Q of potential plays to feed on.  Considering this is what DJIM is centered around...we've got more hope and can live through this corrective activity more than others playing a different niche.  Oh yeah and one thing is if you don't follow our, "No holding into earnings" stance..maybe you should at least follow it now until this correction subsides. The guillotine is sharper than usual in this sort of market as seen by the PSPT,GMKT beheadings last week....... Be cool, be selective is the daily memo here.  The momo trader needs something, even if they are in rehab at the moment.  One play that seems to be gaining traction again is the Solar play, actually this slowly should become a longer term play as this area is not going to go away.  Sooner than later owning one of these and putting it away under a pillow might be the best strategy.   We are playing both again and have written about them in detail as to their differences.  TSL closed much better than FSLR on Friday but FSLR still had some higher price buying AH's.  Right now, it's a game of jumping tracks as one or the other is providing opp's for a nice gain and we are doing the same a lot of the time.

SNCR, finished well Friday and is one of the few we had selected earlier last week. A timely move just after mentioned in the forum of setting up nicely showed promise at the close.

Early in the week on the Journal we pointed out HDNG KBW UEIC HURC as ones we are looking at first at that moment for a trade. This still holds into next week as one or two moved nicely ( KBW 34-38 ) and most are holding up well or setting up for a move up in a good market follow through day.  With oil stabilizing over $60 recently, BTJ is definitely one that looked best late last week and should be closely followed or traded.  SYNL had a nice week and CYNO is the IBD in America profile this weekend.   As far as JSDA, we'll see..we're not very patriotic it seems..lol.  Comparisons to HANS is like comparing Footballs across the border...the NFL to the CFL..not even on the actual product or earning, but the ability for JSDA to ever trade anything close to how HANS did.  These are the stocks we will continue to closely follow and possibly trade on Monday.  Of course... a wake up call from overseas mkts will play a role on which side of the bed we wake up on tomorrow.

OEH, our lodging lux play before the meltdown made NCH Friday as merger, speculation activity is foaming again in the sec.

Monday
Mar122007

Churning..

and possibly more churning ahead of us!    Despite the fact we are green today, we are very much in a churning mode.    As far as the overall picture is concerned, this is considered healthy.     We churn churn until we see a clear break out or break down of the major indices.    If we break out, we would know exactly where the resistance is but if we break down, it's hard to gauge the exact support line.   Of course, you can always argue that last July's low may be the area but we feel that low may be too low for the current market environment.  All this market gibberish does not mean there were not a load of tradable opportunities from this weekends DJIM#11 and that is all we care about end of day!.

So what's happening with the market these days?   We think many Briefing.com chasers have the answer and we are sure they are having a blast taking advantage of some of the headlines there over the past 2 weeks.  We have said its a traders market the past 10 trading days, it's a scalpers market and this all most use the service for.   Does that mean we all have to switch our strategy now to a day trader mentality and chase the headlines one at a time?   Of course, we were all going a little brain dead sitting in a lot of cash, but it does not mean you switch your strategy and start going for the headlines just because you are a little bored.  If you're not at work...Have an early drink and then a nap but don't switch your style!.    DJIMstocks.com is not for scalpers, headline chasers.  Scalping, flipping headlines is not for the majority of subscribers here and this type of trading is not for us.    For us, we just can't see ourselves going through that transformation and there were many lessons learned from the past that we have to stick to what we are good at, more so now than ever.     Besides, there's really no art or longevity to trading briefing type of plays unless you have no trading life or life and can address and listen to 300 "peeps" alerts all day..then read and then be ready to jump in and out.   We prefer to use our own imagination and our own opinions.  It helps as any news wire, but it's not something we need or would ever live by to trade.  Also,  it's two of us against 300 of them in an office and we still get out enough winners to live off before they get to profiling them.  That has been shown way too many times over the past few years.  Anyways...We gave a weekend hit list for Monday as to what we'll be looking to trade.  You didn't need a Briefing for these moves, all you needed was a "lead' from DJIM;).. FSLR+11.2%  TSL+9.2%  CYNO +8.45% BTJ +7.5% JSDA+9% or give a "one damn eye " on AFAM when it had traded 100 shares premarket at 20.90 and then later to a high of $23.90.   Nobody is expected and we don't expect to catch all these moves, but if you had a small hit list as given last night... you should have had a stellar day just by going after one or two.   What we are giving is what we are looking at, if you don't want to look at it and give it some attention when its behaving well..meaning it's green and getting interest....well then you're missing the point of DJIMstocks.  You should not be looking for other opportunities if these are in front of you already and working.  We become oblivious to other names when the going is this good.  All efforts and capital are with what is working!!!.  No time for laggards!!!  No time to look for other plays.     OK...   We weren't fans of JSDA and said last night we'll see...well we saw very good interest and traded it but still are not waving the Maple Leaf flag.  Still fresh on our minds as per Journal and IBD listing and therefore this should've been on top of your trading list as well for the day. End of day we are empty of it, but will play it again. No flag burning, we will just wait to see if it has more in its tank. 

So how do we approach this market then?    We are still finding some of those earning plays that we've been covering for a while and singling them out as our trading candidates.   Here are some more...

BTJ, could it be that ppl are discovering this stock for the first time and trading it like a momo or could it just all be IBD fever?    We think it may be a little of both and we are definitely leaning more toward that IBD thesis and as pointed out last night the steadiness of Oil over $60 recently..helps!.   Yes, it's ranked as #1 IBD100 over the weekend and the reaction today is very good, especially given the fact how much it has climbed last week.    At this point, we have to caution that being IBD #1, this stocks's fundamental may be thrown out the window and momentum/trading will be taking the dominant force behind the action.   Watch the action more and don't ever let your feeling of "how much the stock should be worth" get in the way of making proper entry/exit point as the stock behaves along.

FSLR TSL, this pair has definitely been our favourite solar plays, or rather, the only solar plays we trade during the last few days.    Again, we'd favour FSLR slightly more here as TSL is more prone to "gap downs" off weakness in Asia.    Also, we are pointing out that these two are mainly eps driven, and this is the reason why these two have the biggest momentum among the solar space.    See, the action still comes down to earning.     So are we going to play any other solar laggards?   At this point, we aren't even considering touching any other solar plays b/c in the world of stock market, only the best get rewarded.   In other words, there's no second or third place when it comes to naming a best play.     We have been trading these ones aggressively on the long side but we have been doing it with smaller sizes than we would normally do in a favourable market condition.    

EML, this little one made a new closing high but we aren't willing to give it a hard chase b/c of the volume and still just hold a part of position from earning time.  The point of pointing this one out is that odds are always on your side when you are stuck with an "eps story" as oppose to other kind of plays. Just look how far SYNL, EML have come since being DJIM insertions last Q. If you want to tuck a stock in a drawer these thinsters with earnings provide a safe play early on.  AFAM and EML are very similar, except AFAM has a history of holding its big gains better.  AFAM made a revenue high of 26.32mln and reported a high EPS Q of 26c vs. 16 YOY.  We held a small piece through to close after taking advantage in some of the 3 pt move intraday.  Simply, we don't want DJIM filled with these plays at this time, it does not mean you can't put it in a drawer.  It just should not be the focus of so many members as EML started to become at one point early on.

Monday
Mar192007

all is well....

That's what most people wanted to feel today probably.   The truth is, we are still working off the ugly damage from couple of weeks ago.    In this case, churning is good and more up days and less down days within a contained range make a good setup for future rally down the road.   Meanwhile, when the index is churning away, we ought to be catching some opportunities and keeping an alerted stance at the same time.    Today.. definitely feels like one of those relaxed days and we welcome that change of pace.   Some stocks we are following...

DXPE,  yes it made it back onto the IBD100 list and this one has had a history of being on and off the infamous list.    Is this a big deal anymore?   We think it's not nearly as big of a deal as it once was couple of years ago.   In fact, the IBD play has toned down so much over the time that we find alot of better plays that aren't IBD associated these days.    The float is one thing that keeps DXPE interesting and as long as there's interest in this one, we are willing to stay in and trade it on the long side, aggressively.

HDNG, why this one still isn't on the IBD100 list while some other "crap" got on is still a mystery to us.    Well, IBD or not, the action still looks very healthy and it notched another high today.

FSLR TSL ASTI, a firm had negative comments on the sector premarket and therefore these names under performed the market.  ASTI has its own issues to get over, the private placement price.  FSLR got a lift from the IBD article and it feels like a less volatile bet at this moment.    We are keeping our eyes closely on these and will re-enter when they gain some momentum to the upside again.

CYNO/ JSDA, both stocks gapped at the open off the positive market and held the gap till the close. We sold off some of the CYNO move, the JSDA we weren't holding.  We'll keep an eye on both for another try.

VIP/ ROS,  it seems that some stocks just won't go away and these pair notched a new closing high today off pretty good volumes.    Yes these are foreign stocks that can be volatile at times.    However, when the momentum clearly shows one direction, this type of move can be very rewarding as well.  If you didn't get in or trade them today, we'd pay attention to the charts as these Russian telcos made not the prettiest of candles giving up quite a bit off the top.  This included MBT, to a lesser degree GLDN.  Be patient for indication this move is real now.

Overall, we feel that market is doing a pretty good job of working out of its corrective phase.   At this point, nobody can say for sure how long this corrective phase will last.    One thing is for sure though is that there's still tons of cash on the sideline and ppl won't hesitate twice to jump into a hot sector, story stock, or a general market rally.    We'll just have to make sure that we get in at the right time to get our money's worth.

Monday
Mar262007

Go with the flow...

The best thing about us traders is that our trading opinion is purely dictated by the market actions.    Show us what you are made of and then we can act accordingly.    Also fortunately,  that since most of us trade only for our personal account, we don't have to follow a certain trading policy, a rigorous trading doctrine or any guideline that eventually will bound our creativity and potential.   Of course, many mutual funds and hedge funds just don't have that luxury and they have to do what's right and be responsible for their clients.    For us, we just have to do what's best for us.    As we evolve from an amateur trader to a more sophisticated trader, we improve our trading along the way, until we find that working strategy that clicks in with our personality.   And then, we tweak it more and practice and trade more and get more experienced until we find ourselves extremely confident and comfortable with what we trade, how we trade and when we trade.

Hopefully, we try to bring that kind of experience to our readers and eventually help you achieve your goal to become a great trader.

Now onto the  market.    Wow is really the word to describe the action today.    One thing we know coming out of this weekend is that this market will need some sort of a dip to become stronger.    The unknown thing before the start of the day is "how market is going to react to a dip".   Now we know!  Reading the final count is kind of meaningless as most would think it's another boring day.   The intraday action showed that people are willing to buy this dip and buy this dip hard.    Why is this important?    If people think market is gonna visit the recent low again, they wouldn't rush in to buy this first dip so aggressively and early.    It definitely gives great confidence to those that are on the sideline or those that are waiting to put capital into work.   The underlying sentiment is that  it's OK to buy into this market again.   For us, we say game on and it forces us to dip right into the business with some vigor.  The market had more than one reason to be hit and stay down today, incredibly it snapped back.  This shows what we said last night and that there are forces much bigger than all of us at work on this market.

Now some stocks...

DXPE,  it was noted on our forum last week that it had the potential to setup a breakout and we added on Friday.  Last night we reminded DXPE, "looks to be building up for a move higher".  Today we got rewarded and hope you did too!. Party does not seem to be over in this one and it looks like it has more legs behind it.

NVTL, it's inevitable that there's some sort of "sell on news" reaction to its updated guidance today.   The point is that all of us have started playing this one days ago on it's strength and most of us should've been cashing in some or all of the chips.  If you wake to a 18% move on guidance, you should take it.  They didn't exactly find a cure for something to deserve such. We'll keep an eye on it going forward.

CRZ AMAG,  these two closed favourably for us. Even though they may not have the spotlight,  they could be steady "money movers" for us.

JSDA, this one breaks out today and it's definitely acting like it wants to be the other energy drink maker.    We are trading this one according to the action only and have no bias on its fundamentals whatsoever.

OEH, takeover talk..... boring!   Yes it's boring to hear those things these days but the appreciation in the stock in recent days is anything but boring.   Another $1 move and now to $61.60 after being $55 and breaking out as noted in Forum before the takeover talk even started.   We love this one and we are willing to hold onto it for some more development.

AXLA ACAD, finally we have these two to cap off the day.   Take it or leave it, biotechs are hot.   The ones in the news are given such a reward that we can not afford to ignore them.   We've had experience in this schizo market with VNDA, ACAD and so figured this had potential to run as well.  We always give these ones out in the pre-market and hopefully many readers had a chance to get in at a good price on ALXA.  $12.50 to $13 was available at Alert time and for the next 10 minutes or so.  We were probably one of the first to show our love here.  Still, there was plenty in the low $14's to get high $15's out of this news in the short term.  ACAD has held up nicely since its news, we might see the same in ALXA.

 

Sunday
Apr012007

DJIM #14 2007

Looking at the past week, we sure had a lot of turbulence news wise yet whole lot of nothing from this market.    Being a trader in this market environment, we have to accept what's happening out there and constantly adjust our game plan in order to cope with what's working.   Basically, it was a grind out there and whole lot of time was spent on watching things that may not develop.   Well, this is one part of the trading world that we have to accept and we just have to deal with it to the best of our ability.    Because our trading methodology is very short term and most of our plays don't last longer than a couple of days or weeks, we always tend to assess the situation bear in mind our trading time frame.    One good thing is that last week is in the book and we are setting our eyes on a fresh week.   We are also getting closer to te earning season.    While a few little biotechs dominated the stories last week, we still had a few DJIM type of stocks making some nice moves.

MFW, this is probably the result of a long base forming action.  This one held up reasonably well during the correction and it caught our eye earlier this week on a breakout setup.   It did not disappoint and closed the week near another 52 week high.   We are definitely keeping this one on top of our trading list for the next little while.

CYNO, despite the minor pullback on Friday, we think this one is still very much in play.   The 9 ema is catching up which should provide support for this one to gain some footing for possibly another assault higher. We will look to play again. For those new to DJIM, this stock was an alert before being added to IBD back on Feb 15- CYNO, "Accumulating some of this one. Reported recently. Like chart, IBD #'s and float. Low 23's"..Posted on Thursday, February 15, 2007 at 01:49PM

JSDA, so Cramer jumped on this bandwagon and we are definitely putting this one on top of the trading play list at least the next couple of days.   Despite how much you like or dislike this TV guru, we think he can bring enough exposure to this stock for us to get a couple of "easy" tradable opportunities. Also, it was one of the biggest decliners in IBD last week, so look for some support.

TGX MTOX,  A couple of the best performers Friday are past DJIM EPS stocks . Some of you have definitely kept a closer eye on these two than us.    Given all the biotechs news we had last week, it's understandable that these small medial equip. co. can also be put in play.   We've always been partial to this sector and many of our past winners have come from this sector.    Yes, these ones are back onto the top of our trading list. This recent IBD addition has a column on it in weekends edition. As you know we are not shy about buying moves already made.

TGX was a earning play just below $4 in Alerts on Jan 30. here is a refresher on it...Briefingcom- After being a momentum stock in the late 90's, Theragenics fell sharply a few years ago and went through a restructuring and fell off the radar. However, the stock is showing signs of life again and could be making a comeback. Yesterday, the stock traded to a multi-year high following a strong Q4 report. Sometimes a big qtr can put a little company on the map for a sustained move. The co is a medical device maker and it's the brachytherapy segment that is the driver here: its TheraSeed device is used to treat prostate cancer without the drawbacks of surgery. Brachytherapy with the TheraSeed device involves a simple 45-minute, one-time procedure. Typically, a patient receives local anesthesia and does not feel anything below the waist. The physician then inserts thin, hollow needles into the prostate gland and deposits about 75-150 tiny seeds. Most patients leave the hospital within hours and resume routine activities in 2-3 days. During the next few months, the radioactive ingredient, palladium-103 (Pd-103), fights cancer from inside the body. The co says its treatment produces results better or equal to surgery... TGX's Q4 results were impressive with revenue rising 30% yr/yr to $14.8 mln and EPS of $0.05, ex-items, vs a loss a year ago. The co has now delivered four consecutive profitable quarters for the first time since 2002. The co also says it benefits from an important federal health law signed last month which protects reimbursement rates for seeds... Bottom line, TGX moved up on this report, but it still has a market cap of just $143 mln. A strong qtr can put a little known stock on the map, so it's a name to watch as it attempts a comeback. Mkt cap

WBD, we added a small piece on Friday after noting it on Thursday following earning. WBD was an original buy on DJIM back in mid '60. What a nice hold it would have been to today. We are looking to add if this trend continues, we would be sellers not much lower than our pick up in the 79's.

Solars, crude oil definitely stole the spotlight last week.   One would think solar plays would catch some fire as well.  Well, we think it's just a matter of time.   Now we just wait.    The point is, we just can not afford NOT to keep a close eye on these solars.

Let`s get earning season into gear.......

Plenty of nice money making  EPS plays started here last Q including USAP CCF VTRU VARI MTRX SYNL EML HDNG CYNO TRT..again HURC  micro caps TRCR TGX NWK AVZA CSV

Note: We will not be processing renewals or re-activating turned off accounts for those who (signed up Jan 3 or before) during trading hours.

 

Play Ball!

Nice market action to go with it!   Maybe people are excited b/c today's the opening day of the baseball season, but whatever the case, we are definitely enjoying a change of pace from this market.    Yes, this is a short week but there was nothing short on setups today.   We had many setups to consider and we played most of them.   The question remains, is this sort of action going to last a couple of days?    We think the odds is high that we see some continued good action and timing is just about right too going into the earning season.    Lets just get right into some action here...

WBD, hope you didn't get tired of seeing WBD recently here?, today was the payoff with a big move over $83. A 5 point intraday move from low to high of day.

BW, this was a big earnings winner here from low 40's to 49.  It rebounded recently and consolidated near the top.  $50 was probably the breakout point and it broke out convincingly, with volume of course.    We like this one and feel this could be the beginning of a leg up.   At this point, we don't know how high it can go but as long as the momentum is there and trading action looks positive, we'll just ride it along.

JSDA, we noted during the weekend journal that Cramer definitely has an effect on a stock like this one.   We sure got the action from it today and it's now ready to challenge the old high.   We think there's enough enthusiasm and momentum from speculators/traders that this one can go higher.   Market's stability is also providing a catalyst for people to pile some capital into some of these momentum names.

GMRK, although this one is new on our playlist , it's definitely one we've had our eyes on for a while.   We like its consolidating action last little while and earlier today we felt it could b/o.   Action was confirmed and we followed.  Hopefully this one keeps up a good pace next little while.  Remember in quality plays it is not about catching the initial move but just being in it when it continues.  Did it matter if you bought BW the first time at 42 or 44 if it got to $49?. The point is finding the right plays and we think this one could be one.

GROW, it looks like some stocks just won't go away.   We didn't play the most recent rise b/c we weren't sure how the stock is going to act after the split.   Well it setup nicely today and this is something we couldn't just pass on.    Again, this stock is very much a momentum stock and it's pure momentum trading, nothing more.   We just want readers to be aware of this fact and trade accordingly, and with a cool head.

OYOG  OEH  BTJ  HOT NIHD,  just some good old fashioned action/setup with these ones and we added some of each today.

There are probably a few other ones worth mentioning but we felt there's so much out there today that everyone can get a couple of his/her own favourite and call it a day.    Three more days to go till the long weekend and lets keep our fingers crossed for some good action for the next couple of days.  With the Nasdaq barely green end of day, we can definitely say we had DJIM readers in the right stocks today.

Tuesday
Apr032007

No time to blink...

Despite the fact this kind of market action smells like holiday trading, it is still the kind of profitable trading environment that we absolutely cannot ignore.   So what if this sort of action only lasts till the end of this week?   Given what we've gone through the last month and half, it's about time we take some from the market.     It's true that this sort of action does not change the overall picture, but do we really care at this point?    We can spend endless hours debating what the overall picture may look like but it's more practical to get down to the nitty gritty of things and take advantage of what's given to us and make the best out of it.     In all honesty, someone can probably make enough returns last couple of days and next couple of days to call it a year.     The point is that we simply have to treasure what's happening out there and really take advantage of the situation.     When market is in a good mood, we'd always forget how tough the market is during the rough times.     The bottom line, we can't take this rally for granted and we really have to do good on our part.    Lets get right down to business...

GROW +11.8% JSDA +6.7%, it's important to note that selling is just as important as buying when it comes to trading these type of momentum stocks.    We are not here to debate the future prospect of each company and we are simply trying to give our play-book here on how we make the most of these plays here.    A rosy market coupled with a good close with those momentum names usually give a high probability that they'd act good the next day.    One unknown that we always have to deal with is if the stock goes up next day, "how high will it go and when do we sell?"   If you treat stock trading as much as a game as we do here, the decision is much easier.     To us, it's not about how much profit we should take, it's all about what we should be doing as a right move or wrong move, much like a game of chess.    We sold quite a bit earlier and the price is no where near the day high.   Why?   We wanted to close out yesterday's play that was intended for this mornings pop.   We get it and we closed it.   It's something we've been doing for a long while and it's more of an automatic habit and it's always been in our playbook.   If these stock withstood the early selling, and market keeps on rolling with no sign of weakness, then we buy a little bit back, usually at a higher price than we sold at.     Well, this is how we trade and every little bit of surge we'd just add a bit more.     Closing would provide an important clue as to where these stocks may go tomorrow and today's no exception.     We are holding some overnight and we'll repeat the same process for tomorrow with a smaller amount.  One thing... after getting a 5%+ open is when/if you decide to buy again as we did today, do not let that first 5% slip away. Simply..don't let your additional buys during the day slip into the red. Just call it a day and leave with the original 5%+ gain.  We noted early yesterday we'd be looking at GROW later and noted our add.  This open action is what we were planning for and it happened to script.

HOT ,+3% where OEH is taking a rest from the endless downgrades, HOT is taking over as the new takeover target in town.   Guess what?  They are in the same biz too.    This just tells us that this sector is hot and we can't afford to write off OEH either as it behaved really well in spite of a downgrade from a major firm.

CYNO, we think stock is ready to challenge high and given the shortened week and "light" volume trading according to other gurus, anything goes.

SMCI, do we like the close? No!  Is this the end of the world? No!  Did you all get weak hands and sell?..lol.   Hey, we're not here to judge anyones style.  We can't blame anyone taking up to a dollar profit on our lead.  We are adding this one to our daily watchlist and as well onto our long positions.   Other than the fact this one is a relatively new stock with good growth, we feel it has potential.   One thing is we don't load up as others with subscriptions for days and then let their readers get the remains before they unload their batch on you.  You are never far off our entries, especially in time and many times will get a better price if you are a little patient. Still depending on your experience some DD is essential before entering into a position.

CIMT, finally, we threw in this little speculative cheapie into the mix at 3.80's.   Sometimes plays take some time to materalize, this could be one of them.  They reported a profitable quarter recently and news they are expanding office in China got some traders excited, including us.    Who knows, given its float just under 3mln, the special holiday trading week, the China effect, this one may turn out to be the best holder for us. AH 4.23.

This is the Briefing write up in mid-march. We're guessing they will follow up very sooooon on this if CIMT continues up..."CIMT is trading up 122% following the co's early morning earnings report that showed CIMT's first full year of profitability after several years of losses. Specifically, CIMT reported Q4 EPS of $0.07 vs -$0.22 in 4Q05 and revs that rose 11% YoY to $6.0 mln (no estimates). FY06 EPS was $0.07 vs -$0.59 in 2005... CIMT is a small Israel-based co that provides design software tools for manufacturing, toolmaking and N.C. Programming. The co's CAD/CAM (computer-aided design/computer-aided manufacturing) products are used by mold, tool and die makers as well as manufacturers of discrete parts... The co said its business and financial results reflect the turnaround of the last two years, in which it focused on new product development and reorganization of its global sales and marketing force. In addition to being a developing earnings story, CIMT could be viewed as a China play, as the co said its Chinese subsidiary achieved 80% revenue growth in 2006. CIMT also noted that the Chinese market is its fastest growing target market, and they continue to invest and expand operations there... Although the stock is seeing decent volume of 267K shares on today's move, CIMT is normally pretty illiquid, with average daily volume of only 2.8K shares. Also adding to the momentum is the stock's small float of only 2.7 mln shares... Mkt cap: $20.5 mln"

Some other DJIM stocks did extremely well and/or closed well include...

NIHD hit 78.50's  WBD hit 86  AMAG up 3.3%  BW hit 52.70's  OYOG.hit 78. CSV nch

Last night we said we thought we had you in the right stocks , today was the pudding

 

Wednesday
Apr042007

..Hmmmm

Not sure what we have left for tomorrow.  Maybe another high flying micro cap biotech will emerge and we can play some of the extra dollars earned this week for fun.  Everything, we could have imagined has already happened and we're extremely pleased with the results before earning season has even kicked off!.  Simply, we didn't lay any eggs and had everyone in the right spots at the right time.   What we think we provide at DJIM is plenty of action without the need of our readers to go look for potential plays.  Instead, we give out we think should be sufficient to play, to trade and make a dollar or two on.  We share the toys in our sandbox and don't think you really need to stray from what we dig up.  Of course, this is a big stock universe and our plays are not the only thing going on, but for those not full-time in this gig we think we provide all you need..this includes stocks on the forum from other traders.    Hey, why not trade what ones in this 24/7 trade?.  That's a huge advantage to be in the loop, the in crowd... but it comes with quite a bit of responsibility.  The biggest is understanding you're playing with a lot of 24/7 momentum money and it does not care if you made 10% in the morning cause it will turn on you while you go for your liquid lunch.  Your responsibility is to protect your winnings.  There is one calculation a member did and that is DJIMstocks rarely slide to the red in the beginning stage.  What this means is there is a great chance you will make money if your timing is right and procrastination does not take you over.   If you haven't noticed we MOVE ON and go after the next play after nice moves or if something simply lags.    Please understand... this is what we preach, we believe and have shown we can get on and find the next egg to crack.   As far as we are concerned,  we are in this together with you and so why be here if you don't follow our methodology.   We just don't understand why some get such crushes on stocks that they try to live in the hope of a bounce cause their pretty stock was pretty once.  MOVE ON.  Also, don't ever ask us if we're still holding a GROW back down to $30 after seeing it climb to $35, don't ask if we are still holding JSDA a week from now, if it is 3 bucks lower.  Honestly, this is not extreme!.  Some just love getting in on a GROW at $32 and then wondering what our opinion is if it falls to $30.  If you are buying a stock a bit late and had made a $1 or $2, don't led it slide beneath your buy point.  This is part of we noted last night when you keep adding to a position or starting all over. Don't let your original gains slide away.

The Alerts- Comments page is a 'LEAD', again not a license to buy. Every stock is different and the less seasoned need to understand the differences between the types of stocks we trade.  Sometimes, we hit the clock unintentionally as in the case of SMCI.  We didn't want it to move a $1 after our note, we had hoped this would take time.   We just don't want people chasing after they see a reaction to a trade and assume if they chase the next one that it could happen again and you make 10% in a hour.   KIDS, it just don't work that way!.  Accept it.  Actually if we wanted that, us and our friends could do that.   But, creating a move and dumping on our readers is not what we are about.  This is part of the reason we started this as we have seen this in the circles we have found ourselves in.  It's unfortunate, but its out there!.  Think about this ...if we wanted to make money this way, we could have kept our site public with readership at 10X what it is now with Yahoo's scalping on each other.

We are making an effort to be more educational as we continue forward and so tonights Journal and the recent follow ups in the Forum.  The stocks speak for themselves this week and we will leave them to this weekend...GROW JSDA DNDN momo, WBD OYOG BW NIHD TSL AMAG HOT  breakout moves. A great week proving that readers calculation. 

Have a great holiday!

Sunday
Apr082007

DJIM #15 2007

A premise here has been our belief that the markets will be solid going into another earning season, a market has little chance of crashing through the floor before the companies get a chance to tell their side of the story. The correction has been literally wiped away and the recent retracement to the 100ma averages has seen a healthy bounce as we enter Q2.  Last week was one for the books as a number of plays here enjoyed breakaway gains..WBD, JSDA, GROW, MFW.  Isn't interesting that these are all earning plays at one time or another on DJIM. We also had nice moves from AMAG,OYOG.  Plus the solars TSL,ASTI, FSLR..we talked about last weekend as a possibility for the week made for some nice trades.  Sometimes the strong get stronger and it is more apparent in a bullish trend such as we enjoyed last week.  Simply, this was a case of recycling which is a big part of our trading methodology. Speaking of recycling, a few names popped back into our books here on Thursday and they include DJIM stocks from January in MTRX and USAP, both previous earning gem winners.

We'll concentrate on Thursday additions...

MTRX, announce an excellent Q with an upside to guidance. Last Q this was pick up at 16+ and was as steady as they come. Not a big flyer it survived every pit the market would throw at it, including a sliding Oil price and it still held ground. We expected MTRX to trade as the previous earning day, but it performed much better than expected as the institutions did not churn it as before. The guidance was the key this time around as it put on gains throughout the day finishing strong.

...beats by $0.07, issues upside guidance (21.41 ) : Reports Q3 (Feb) earnings of $0.24 per share, $0.07 better than the Reuters Estimates consensus of $0.17; revenues rose 41.1% year/year to $168.7 mln vs the $136.5 mln consensus. Co issues upside guidance for FY07, sees FY07 revs of $630-640 mln, up from previous guidance of $560-580 mln, vs. $588.92 mln consensus.  CEO says, "Our third quarter performance significantly exceeded our expectations as we were able to add to our strong talent pools in the construction services groups allowing us to capture and execute more projects, particularly in the Downstream Petroleum Industry."

USAP, a darling from last Q with first buy in at 36+. This maker of speciality steel products including Aerospace and power industries is in the right space at the right time.  We think it is just a matter of hours before we see USAP take on the February highs of 51.80 and go forward and so we added it back. FWIW...Cramer was bullish on his lighting bolt seg March 7th as well.

SPEC, this one gapped off earning March 30th, ( Q1 EPS of $0.16 vs $0.02 in yr ago period; revs $32.9 mln vs $25.6 mln in yr ago period ). Sequentially, this was in line with Q4EPS and with 99 94 IBD numbers it is seeking $15 from the IBD crowd.

Speaking of IBD... How about SYNL and EML, #13 and #85 this weekend for these two DJIM finds from 2006 and last Q. Guess they added their volume together to stick them finally on IBD100.  A note about EML, Friday there was a note on Dept of Defense new armoured vehicle program. Big contracts will come in 07 as this program expands and AH(Armor Holding) gets EML do quite a bit of the work. 

TNH, Terra Nitrogen (nitrogen fertilizer products). 93c Q announced in February. It has been a great trade for sometime due to its volatility. It is one to be traded with care. We added on the dip Thursday and it recovered and flirted with new day highs by close. Made a NCH on a very good volume day(top 5 this year). Guess this is a Ag play as it grows what we eat,  but it is tied to the price of natural gas, it is more than 60% of its expenses. So know what's going on in that end.

As great as the recycling program can be, it does not stop us from looking forward and having cash available to go strong after a new batch of earning plays. We have a growing play list after last week, but we think the bigger money can be made in new picks coming up and so enter this Q with plenty of cash on hand.  Also, if we were holding any laggards at this point, we would simply dump here and avoid waiting for a sunny day with anything stalled and just free up more cash to use on new plays.

If you need reminding, here is a list of some of the stocks we traded here last Q off earning... USAP CCF VTRU VARI MTRX SYNL EML HDNG CYNO TRT HURC TRCR TGX NWK AVZA CSV.   Get it?  Opportunities will be there!

It starts with RIMM and VIP this week as far as past DJIM earning plays.  If you missed it, we've talked about VIP being a play before earning on the heels of MBT report  here on the Journal. So watch it closely this week for a pre-earning reaction. A few notable Russian funds were up over 3% last week, maybe it wasn't all WBD holdings;), but a sign of things to come for DJIM Russian names.

Also, the earning dates link waits for your participation on earning dates for DJIM plays when found.

 

Thursday
Apr122007

Still a victory...

Even though the score is not showing up on our watchlist, you just couldn't help feeling that the positive vibe from the overall market will eventually spill over to your stocks, at some point.    So maybe not today!   There's still tomorrow and whole earning season ahead of us.   The strength among the DJIM stock is fairly narrow today with a few outstanding ones.   Lets get to them now...

JSDA, IBD writeup + 1234 set, 9ema + NCH....  oh my this just sounds so corny. lol    Well, many of the stocks we come to known in the past often felt that way too.    With corniness comes famaliarity, and that's a good thing to us traders.    We liked this setup alot and added throughout the day, and closing is nothing short of spectacular.    Let's just keep our fingers crossed for some good action tomorrow and beyond.  THE AH action has continued to over 26.

TNH, we told you this a volatile one. Today it was almost 6% volatile ' UP' and a NCH off the 9ema it has held the previous days.  As a trader you have to love stocks that give you 4-5pts in a day and that is why we have this one up on our play list.

SILC, this one caught our attention late as it bounced off 9 ema earlier and raced toward a new high.   We added a little toward the end and are looking for follow through tomorrow. As long as SILC keeps getting design wins this one will keep getting some attention.

AMAG, action was not overwhelming premarket and we started to see some sell on the news.  We bought some back near the close as it held 70 today quite well.  Jefferies came out with a $99 to go with DeutBanks $100 price target.  We'll see what tomorrow brings before taking more action.  Considering there was only a $2.95 spread on 1.8mln shares for a small float stock...this could coil up for a nice pop.

 

Saturday
Apr142007

DJIMstocks.com Alerts blooming in April..

What are DJIM Alerts-Comments?. They are up to the minute "leads' to members available on our site or via email delivery. These are stocks we are closely watching for a trade, a heads up of sorts and ones we have just bought.  This section is mostly for the trader during market hours and those who are familiar with the DJIM trading methodology and the stocks from our nightly Journal.  We only send out 'only' 1-3 Alerts-Comments a day, which some days includes some of our plays for a next day move.  In the evening, we follow up in our nightly Journal blog on most of the activity that day in regards to our buys/ play listed stocks.

Here are a few examples of the DJIM Alerts-Comments feed in the first two weeks of April.

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JSDA, this was not first week we issued some timely alerts on JSDA. The latest was with this Thursday morning note with JSDA around $24 with our ready trigger fingers...
Apr 12, 2007 at 10:53AM ." Everyone seems to waiting on JSDA/9ema break yesterday,ibd mention today. We're waiting for volume to re-enter".
Apr 12, 2007 at 03:48PM    "we noted JSDA early and is our only add this afternoon/today.
Friday the 13th, JSDA exploded for another 10% and a AH's price in the high $28's
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UXG, rallied Friday to a high of $6.79 before closing up 16.2%

UXG was a DJIMstocks buy alert a few days before in premarket at $5.60's." UXG, a gold stock w/ results yesterday. Not a one day story we think, will look to buy dips here and there..bot some premkt 5.60's.for a first try"  Apr 11, 2007 at 09:27AM

The night before the BIG move, we noted UXG in our nightly Journal blog. ".....quickly climbed to over $6 at the open and a a quick 6-7% for the flippers here.  Well, we actually did some of that and as we said we will look to buy the dips, which we did later again.  Having some gold rather than the Nasdaq stuff seemed like a better idea later in the day.  We are traders and if we get 6-7% in the first 10minutes, we will take it.  It finds itself there over $6 in AH's today and we think it goes higher..."

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MFW,  a DJIM stock buy in and closely followed stock since $26-28 area.  An Alert was issued on Apr 5, 2007 at 09:41AM...

"MFW, Harland deal news last night seems to be liked".   This lead was issued with 4300 shares in the books with the price around $52.   The stock spiked to $61 high that day with volume of 1.8mln and biggest play of the day as strong momentum came to this closely followed stock by DJIM readers.  A possible 8-9 pts in one day or 15%+

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DNDN, we were prepared the night of DNDN news to play it the next day!.".....we'll most likely take a position with some funny money as in a $2 ticket at the races.  Its all about being at the show, like the Kentucky Derby and not about winning.  This is the fun of trading, you could really make some money but you must be prepared for every other possibility. This won't be a one day trade, so once in it's probably better to stick through the jumpy action. "

The next morning we were there from the start, Mar 30, 2007 at 07:24AM , issuing an alert as it traded in the $16's saying it will probably hit the $19 high. Well...it did for those wanting a quick trip.  For those buying the jumpy action and buying the idea of this being not a one day trade and holding through has paid big time as DNDN has traded over $25.

"DNDN up and running already, high of 19, now 16.60..will probably hit high again premkt..
Probably surprised a few getting up with halt released so early ..so the chasers will most likely be in bloom come 8am or so
"
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GROW, Apr 2, 2007 at 01:42.  First we issued an Alert in the morning that included. "Oh yeah and potentially for a piece of GROW later" and then another that we  "also added GROW here" at 03:52PM with the stock around $28 for a breakout play.
We got a nice move the next day and then on 7 million shares the following day GROW shot to a nickel short of $35 and we were all there with our readers for a potential 25% move in 2 trading days!!
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TSL,  Apr 3, 2007 at 02:36PM,ALERT..."We've bot TSL mid 46's and will add if it gets to 48's "
          Apr 4, 2007 at 10:25AM , ALERT.."as per yesterday buy note of TSL, we've added more here in 48's "
           Apr 9, 2007 at 11:47AM ,ALERT..TSL,remember that block of 50k or so asking at $49.80? it's gone now and the march is on. We added on the break of $50 .    The next day TSL hit a high of 56.94 and on April traded up to $59. A potential 10 or more points as we took our readers through our TSL buys.
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WBD, a DJIM followed buy since September came back to our books recently in our weekend update March 28 and then alerted again the 29th.-

Mar 29, 2007 at 03:49PM-ALERT, WBD, mentioned this weekend in DJIM list. Earnings are very good and no usual sell off has happened. Looking for confirmation, might come soon over $79 to take a piece.

In 3 trading days, WBD shot up to $86+ . Another 6 point potential play in a few days!

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See preview section 2006 for the set up inside DJIMstocks.com.  (navigation bar to the left).

Above is some of the action you'll find available inside DJIMstocks.com member section.  Many more plays inside including those from our fellow traders in our daily message board forum.  For those into technical analysis/charts or wanting to take a class, we have our plays regularly updated by an experienced chartist, who just picked off a beautiful move in ASTI this week!


 Happy Trading!

 

Sunday
Apr152007

DJIM #16  2007

The week closed on a high note for DJIM stocks as they outperformed the market in the morning. The spillover from the markets move Thursday came into our stocks early and in bunches.  As we said the night before...there's still tomorrow!

JSDA, what can you say about a trip from $23's to a AH price of $28.70?.  Well, we talked about our buying enough last week, how about thinking about some selling strategy heading into Monday's trade and perhaps a gap open.   One way to approach this runaway is if it gaps Monday use a mental stop at around Friday's close so you don't blow your winnings.  Some may give it some more room and use the open price area Friday for an exit.    If it keeps going up, you just go with the flow and keep it a hold.  There will be more trade in this and taking some off sooner than later will not hurt you.

BW, incredible what one buy rating by First Albany can do for a worthy earning DJIM stock.  Volume was nearly a million for this Friday as it opened at $54 and climbed all day to $58.  If you got your play-watch list screener set to the top recent plays at DJIM...then you had a potential 8% move on your hands.  Same goes for TSL and it's 6% move. There is only so many times or so many plays we can alert-comment on a day without confusing the lights out of our readers.   Hopefully..these are on the top of your trading play list as they are on ours.   Both put in NCH's again and we will be selling what pieces we gathered Friday into a hopeful nice open off the NCH's.  After...we will again look to buy a dip in these.

TNH, recently when we added this to DJIM, we spoke of the rewards possible if you get on the right side of a TNH trade.   Even if you plucked it off Friday after our mention Thursday night off its NCH, you had 5 points by noon.  How many stocks do you know that can get you up to 10 points the following day if you bought the day before.  $60-70!.   We'll look for another entry after selling into this fast ride .   A note, there is a relation to TRA , which made a NCH Friday, but to us TNH is the play here!.

UXG, this was definitely a sweet winner here Friday as it climbed and climbed to almost $7.  We are buying the dips here as we are in the GRZ and URZ.  These are providing nice trades off the dips over and over again of around .50c.  Once in awhile, you might get a move like UXG's which is a just a bonus.  These are our speculative bleacher creatures and we will continue to trade them.   The other cheapie around here...

CIMT is holding just fine since our $3.80's intro on it.  It seems quite safe and we are looking for another leg up soon.

If you want to get real cheap and speculative...

PAE,  came out with earning late friday.  It reported .06 vs. (-0.04) +250% EPS change,95 RS, following a break even Q with revenue over20mln+11m in the previous Q.  It closed at $1.65 and has market cap in the 50's mln. Even if you take out a 1 mln legal gift, they still made over a 1.2 mln in net and are now profitable.   Usually a stock turning the corner on profitability gets some attention sooner than later.  It actually got into IBD's top earning announcements column and might get a look Monday or simply crawl slowly upwards from here.   It can be a complete bore or its numbers and float and price will get some cash into.  We'll watch early, you never know...

JASO,  we tried to include this early in the solar play here, but it never materialized as the FSLR, TSL and ASTI were the clear plays.  Well..this has changed the last few days as it has gained some momentum.  It reported 'swell' earnings, March 30th and was trading at $19 when mentioned last in Alerts.  Looks like some newsletter hype job has gone into this, so trade with care if in at this point over $24 and 20% in a couple of days.  Our money is still for the FSLR TSL ASTI plays, but we will look to buy lower prices in this one most likely.  Time will tell....

ASTI,  has done a beauty of a job flying off the 9ema and closed with a NCH Friday. We are there and are looking for higher prices in the short term.

MTRX OYOG keep making NCH's.  BTJ is one we added back Friday as far as these sec plays go.

What else in DJIM land...scattered notes on recent stocks around these parts...

AFAM..might have turned back up Friday.  CYNO, has shrugged off the D-grade in sector and is a few % points off highs.

USAT, SLP.  Waiting on these to move over recent highs for us to move into. 

SPEC, is looking like another potential IBD play that has lost its papers to cross the $15 border.  We'd only be chasing these last 3 on a definite show of buying momentum at this point.

 

Tuesday
Apr172007

Spotlight on Solars, Part II

Climatic, climatic and climatic!   This is how we described action with TSL, JSDA and JASO toward the end yesterday.    Looking back, we felt that it was definitely a right thing to sell/ blow out our positions into the strength and leaving home with little to no position yesterday.    Was today's early downgrade merely a coincidence or was today's decline inevitable?   Whatever the conclusion anyone can come up with, we think odds did favour a pullback based on yesterday's action.    Momentum stocks tend to move up in a violent fashion and they can come down just as violently.    As traders who trade a lot of this kind of stocks, we have to respect the beasts' potential and act accordingly.  

For us, in case those are not familiar with our style.    We sell momentum stocks aggressively when they reach a climatic phase in our view..   We also sell most if not all of our position if stocks breach 9 ema or in an attempt of doing so.   This is not be mistaken with stocks that climb 20% for us and then start fading.   We do not wait for these to come to 9ema, we leave with most of gains in tact.   Use CIMT as an example here.   A $3.70-80 buy in, climbing to 4.60-70's...we do not wait for it to come down and hit 9ema like yesterday.  Look at it this way, if a stock you bought at $38...it goes to $46-47.   Will you let it slide back to $ 41's?.   We hope not , so look at a cheapie stock the same way.   These are some automatic reflexes we preach as part of our trading discipline.   Trading is solely about preserving most of the gains out of a play while cutting the losses as early as possible.    We use a rather conservative approach when dealing with these super momo stocks.   Here is a rundown...

TSL JASO SOLF FSLR, so now the stocks have pulled back and what do we do now?    We'd be eyeing 9 ema for the support and to see if the pullback can stop there for a potential quick rebound.   Otherwise, we'd be eyeing yesterday's high as the potential b/o point for re-entry.    The one thing we don't want to do now is to enter a trade here, where they closed today.   This is what we feel is no man's land and it just offers nothing but uncertainty.

JSDA, this is the exact same situation as solars and to a more extreme degree.   We really wanted to see where this stock would settle once the volume settles down.   Again, going in and picking an artificial bottom may as well mean that you are treating this game like a craps table.  

RCCC, this one held up really well but we think better entry pts are still ahead of us.  Others behaving SYNL, MFW.  Eyeing GROW, TRT some.

All this can change as lots of market moving co's. are reporting tonight , so we'd see how the market is going to react to their earnings tomorrow.   Unless the momentum is clear within a particular sector, we'd do what we normally do and pick one earning play at a time and highlight only those that are worthy of DJIM.

Saturday
Apr282007

DJIMstocks.com still blooming in April....big gains in CMI TRCR PAE AVNR

The streak of big gainers initiated by DJIMstocks.com has continued into the final days of April.   Potential 15%, 30% 40%, 60%+ moves were just enjoyed in the last 2 weeks and are listed below.

These plays are up to the minute "leads' to members available on our site or via email delivery.  These are stocks we are closely watching for a trade, a heads up of sorts or ones we have just bought.  We only send out 1-3 Alerts-Comments a day, some days this includes some of our plays for a next day move.  We do not send endless picks, news bits on stocks with the hope you might hit on one and then put up those winners in public.   We say what we buy real time , simply we tell you what is on our trading plate and provide the DJIMstocks.com trade methodology on these plays in the evening.  Simple and concise.

Despite the recent worry of many that the market was showing signs of trouble because the mid-small caps were not participating, we stuck to our guns!. "As far as we are concerned, if you come to the party led by the big caps...you need to bring a 'wingman' or two.  Our wingman is our smaller caps.   Simply, if the large caps continue on with earnings and keep going higher...the small cap wingman will have to come out and help out.. so all can play.  One can't work without the other!".  This week we got the mid-small caps joining the party as expected at DJIMstocks.com!.

First half of April was highlighted by some big gainers JSDA, TSL, UXG and more.   

See these plays alerted to our readers. http://www.djimstocks.com/journal/2007/4/14/djimstockscom-alerts-blooming-in-april.html .   

Well, it's not only about getting the ' move' at DJIM, it is about getting out safely with your profits in tow.  We capitalized on those plays and alerted our leaving those momentum plays near the TOP.  The pullback has occurred and today JSDA sits 30% from our exit.   Here at DJIM, we just go to the next play and recycle the names when we feel we they are ready for another move..UP!

``We've blown out our positions in JSDA 30+, TSL 64+, traded some JASO and blew it out``Apr 16, 2007 at 10:30AM

``Despite the emotional feeling that these momentum runners TSL JSDA JASO can pull another 15% run tomorrow, we feel the odds favours a pullback here.....``Apr 16, 2007 at 03:34PM
So how did we finish up April with our members... here are a few of the winners we shared in!.  But that`s just part of the winners, you`ll find inside
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CMI- Cummins Inc
``CMI  off eps..bot $91's at 8:40 and now getting a few a bids.. still only 22k traded...looking for a nice morning open.``Apr 27, 2007 at 09:03AM-
Yes, less than 30 k was traded before we alerted in the low $90`s.  Just after 10am it hit $107+ or 15% off our note looking for a nice morning open. 15.6 MLN shares traded making  CMI one the most active and talked about stocks on the NYSE stock yesterday.
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AVNR- Avanir Pharmaceuticals
``we think this a $2 dollar ticket even in mid 4's. 20% short interest and previous prices in '06 of this stock on this drug make it worth a spec. trade ``.  Apr 18, 2007 at 01:55PM
Every night we update our trades-play list for the next trading day. Wednesday, April 18, 2007 - Note on AVNR trade.
The next day AVNR exploded to nearly $7 and a potential 40%+ early in the morning.
``The play we are referring to today is AVNR.     We looked at the cause early on today and it's obvious that it had potential.    The rest of the time we just spend looking at the action.   100%-200%, who cares.  If a stock is up 100%, it is easier for it to go 25% higher with momo than if you start with a stock at 1% gain and try to get 25% with no momo.  When dealing with a play like this one that gaps up initially in the morning, it's just too dangerous for us to jump in big right away unless we get a good price in pre-market.   If we hadn't, then there's simply too much risk entering a position right at the beginning of the day with a sizeable portion.  Or... Simply start with a small starter to keep track of, nothing that would sting you if it turns against you.   How we approach it is that we usually wait till early afternoon to see if it has a chance to take out the intraday high.   Once it did, it's almost a given to follow through with a trade for a quick flip.  A quick flip, not a quick scalp.  We are talking squeezing 10-20% out of a flip.   If the momentum is strong, we can flip it a few times provided the 5 min. chart stays on an uptrend.    Toward the end, we'd look for signs if the stock can close near the high or not.   Usually when a stock closes near the high on this kind of extreme volume, it follows through even higher the next day.   Is this guaranteed?  No!  The probability is just high in this case.   So since trading is all about getting the right probability, we bought enough toward the end to look for a good follow through tomorrow. ``
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PAE- Peace Arch Ent Grp-   Almost 60% in 8 trading days
In our DJIMstocks.com weekend edition, we recently profiled a litle known micro cap. Our concentration at DJIM is earnings, IBD, momentum plays and this one fit even if it was only opening at $1.70 the next day. It had earnings and last week was profiled by Briefing.com to help out the cause of DJIM members already holding a position in PAE.

Sunday, April 15, 2007 at 02:56PM-  DJIM Journal Week 16

PAE,  came out with earning late Friday.  It reported .06 vs. (-0.04) +250% EPS change,95 RS, following a break even Q with revenue over20mln+11m in the previous Q.  It closed at $1.65 and has market cap in the 50's mln. Even if you take out a 1 mln legal gift, they still made over a 1.2 mln in net and are now profitable.   Usually a stock turning the corner on profitability gets some attention sooner than later.  It actually got into IBD's top earning announcements column and might get a look Monday or simply crawl slowly upwards from here.   It can be a complete bore or its numbers and float and price will get some cash into.  We'll watch early, you never know...

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TRCR- Transcend Services Inc, was first a DJIM alert in January. Last week we were alerting again at $11.40`s as a buy in.

TRCR hit a high of $14.60`s Friday.  Nearly 30% in 4 trading days.

At DJIMstocks.com, we are there in the pre market with a play like CMI and after hours with a recent buy in at TRCR

Apr 23, 2007 at 04:27PM

TRCR- has put in even a better Q than when we played it last Q. .15C. CC is at 11am , so plenty of time to get noticed.
growth in sequential eps(.02/.03/.04/.09 and now .15c Q)
1st revenue Q over 10mln. Excellent yoy # and sequentially they did better.   took a starter
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