..up the Bulls sleeve...
Thursday, June 14, 2007 at 11:12PM Who would've guessed the Bull have so much left up their sleeves?..Actually it's not sleeves, it's their back pocket they seem to have their ammunition packed away in. It was just last Thursday after that horrible 3rd day, we said in perfect market world a 'rosy picture' would emerge with a little help. We nominated Paulson and his B- boy. Looks like we got their coloring book instead, as in the Beige Book to give us that somewhat rosy picture. Add the Bears getting dizzy at the potential topping out of the bond yields it seems and a rally we go.....
...okay back to what matters in DJIM land...
AIRT, many of us remember this beast. This one used to be on fire, even before fire got the aero sector flying. Today we dragged this air-cargo play after 2 years of nada. The good thing is the float hasn`t changed since many of us traded it back in late `04. It stands at 2.5mln or so. What got our attention is the EPS this Q. AIRT has away of making you do some homework as in reporting full year numbers. When we first saw the .94c for the year, we started subtracting the last 3. Being the scholars we are, we came up with a seemingly clean.40c+ Q. Not too shabby for a company with a PE under 15. Backlog looks good too. Potential is something we consider as much as anything else when deciding on a new entry. Potential here is thanks to its history and its potential ability to draw the right crowd.
KHDH, yesterdays late alert at 58.5ish gave us 62 by the close on another nice volume day. If this one is new to you, use the search feature to see our write up on it (DJIM #21). Again, we hope this move gets this discovered further. Interestingly, a few from that weekend write up kept on stretching it out today...RCCC and CUB.
LPHI, still wondering by close if those gapping it this morning realize it pre-announced on the 4th...lol...How else do you explain a buck gap and then nearly a 10% rise.
TNH, traded in a 7pt range providing excellent opportunities for the trader. Finally closed over 100!
Demi/ YourPersonalTrader | Share Article | Print Article | Email Article | tagged AIRT, KHDH, LPH, TNH