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Entries in MFW (24)


EPS kick off..

Tomorrow it's kick off time with the first reports coming to the forefront to give this wishy- washy market a direction..maybe!.  We couldn't think of a better time as many of the movers and shakers we've covered over the past few months are still in the 'hub' and waiting for the next flight plan.  Well...this can be quite excruciating waiting for the next move after being accustomed to very nice gains, so the best thing is to get some new fresh plays on the table!.  You just can't wait or expect on the ZOLL's, ATNI's to kick it up with the same feverish tempo we are accustomed to ...the easy money has been made, the easy play we are after at DJIM is over with so many of these names and it is time for the next round.   Tomorrow is the kick off!.   We hope it doesn't include a Romo Cowboy bobble move!.   Is this what all of us have been trying to push back, the inevitable fact that corporate profits will be not be as strong.   Maybe, but we are not going to worry about it as we still expect there to be plenty of nice surprises in small cap land to jump on.   What we are trying to do and will continue (especially in a 'quiet period), as in the first 4 days of trading in '07 is look for potential opportunities to capture a short term move if need be to cure the boring action.  Profits are Profits..pretty or not!    Maybe these 1 or 2 day moves won't get us the DJIM benchmark of finding a 25% move, but we will gladly settle for a 5-10-15% easy play in a day or two.   The same DJIM principles apply, stick a name we throw on watch and see if receives a little love!.   We are not getting into scalping or the very speculative cheap issues, but ones that have tracks of past moves that can be replicated.   We think we know what the fellow trader likes.   An example is BRLC, which we covered a bit in late '06, many of its past moves all stem from what their darling Murray analyst says...He loves to give nice price targets and did it again Friday, the stock always reacts positively and beyond what is normal for such wisdom of increasing a price target.   Understanding the psyche of the trader lets you in the door, if you think with a little street can get in the door first.   Anyways..for those with other gigs, this is our responsibility not yours to find these plays or think like the other players.  The first and probably hardest think to do is find a stock, a stock with some features you know will get a trade.   NWK was one that had what many like.  First, it quietly pre-announced a very good Q revenue based and upped the years growth to 17-20% from 10%.   Well, we know what we would do if this was a EPS report, we'd jump on it if it included a similar EPS growth prospect.   We also know these don't last a day, so we thought a second day follow through might happen and it did very nicely on what looks like a volume high day.   Everybody likes a stock under $10, this was the other factor in thinking this had more space to run.  These stocks are not what we look for in a long term DJIM relationship, it's simply a date and one you got lucky on! 

If that is not your game and it really isn't ours, there are a some recent mentions on the Journal that acted well today with a few making NCH's today to look at again...

GRC, a strong EPS co' talked about last night put in a nice day adding 4.5%.

AMK, 3mln float with nice EPS closed up almost 7% and a NCH.  A perfect example of getting a nice price the last few days if you were following it since our mention.

MTRX got some CNBC spin this morning and seems to have survived the oil massacre in one piece. This was risky getting in at earning with all that was going on, but it stayed in its range since and now just needs a nice close over $17 to maybe continue on. The huge institutional interest in this name make you play on their time.. a little patience is probably needed here.  It would be nice to have something other than ALY, BTJ to kick around.

MFW, we took a position in this holding co' that recently spent some pocket change, 1.7bln for an acquisition and it took off. Incredibly, this looks like it might not be finished as it broke out today to new highs.

A few names to do some DD on for tomorrow..ANGN, a stock we first picked up at $4 reported prelim numbers that look pretty good. OSIR got some FDA news AH and is sitting just off highs, this one can move if this is not priced in.


A-Team wins the coin toss!

Kick off time came a little early today with AAPL giving what many hoped for at the show!.  You couldn't read a piece of press without the question on everybody''s mind...What will AAPL do?. The anticipation was there and the traders were waiting for the news.  Nothing like a little spark to the techs that need to lead this market.  You can't live on Tires and Rubbers being the leaders as in the past sessions much longer.  Mr. Jobs you may now call it Apple Ltd,  Apple Inc. or Banana anything as long as you keep throwing the toys out.  We talk a lot about momentum here, nearly 120 million shares is definitely it.  UBS lifted the tech sector yesterday and AAPL lifted it today.  Let's hope we can get some conviction in buying techs.

We've heard ramblings from analysts that aluminum might be somewhere to go in 2007, so maybe it's no big surprise the official EPS kick off went all swell with Alcoa giving a shiny picture AH.  The stock is up nearly 5% AH.  Nothing like a look in the past and getting some ERS dusted off, maybe some CENX too for tomorrow.   Always look for something that can piggyback an Alcoa type play, the secondary plays are often more fruitful.  Same goes for those that will feed off the AAPL didn't have to look far as a reader tossed out a play out of our backyard in SNCR on the Forum.  Last look before calling it a day, SNCR was trading at $15, now it sits in the 15.60's. 

Last night,  we discussed the need for new stocks, new plays!.  If anything these events give out a few secondary plays that should get some traders interested.  Still, today was not without a few other things working off DJIM notes that provided some nice opportunities.

VOL, which we introduced on our last forum has come back with vengeance today.  It beat estimates handily and we started to trade this off the pullback around $41 as soon as it looked like it would hold its morning gains.  Soon after our mention it broke the days high over 42 and added a few points more into the close.  This is a volatile play but when it gets momo it can give you a helluva a ride.

OPTM, mentioned pre market caught the usual wind and from just over $25 hit a high of $26.60's, hey if Cramer gives you 5% take it and say see you next time.  One good thing about OPTM is most of you have played it here and should have a better feel for it.  Its not that big of a surprise it gave it all up by end of day.  Not so good to finish at low of day for any stock, but this one is quite the choppy trader so it just might have legs again very soon.   Off this ' triple play' business, we alerted another at $25 that has been talked as a triple play threat, even if its robotics/lasers are used elsewhere mostly..... IPGP a recent IPO that has held steady after gapping on IPO day and now by the end of day looks even better on the charts.

OSIR,  the FDA play from last night to watch. We picked some up again as it looked to finish near the high. Maybe it has a another day in it or two.

So there are plenty of new holds tonight..AAPL,IPGP,SNCR,VOL,OSIR

AMK which almost kissed $20 after being in the low 17's a few days back and MFW which had an incredible snap back today show that quality companies trading well can do some fancy dancin'. Most importantly, how irrelevant it is to know exactly what prices we enter these or any stock at.   We give you a stock to watch for a potential trade, some move soon, some don't...some you just better keep around so you can catch a move like MFW did the next day for 3 points today.  In both of these stocks readers could've had better prices than the prices we got for our first bite!.   Don't concern yourselves about exact prices of our entries on stocks, just make sure you're making money....hopefully on the same stocks we share with you.


Breakout action vs. Pullback action

We have touched on this subject many times on this site and older forums.     Today is a typical example of chasing the breakout action.  Here's a trading idea for some of you.   On a strong index day when a lot of things are up, you definitely want to concentrate on the "GREEN" stuff to participate in the rally of performers rather than to anticipate the recovery of the "RED" stuff.   Because when you are debating whether to add on a pullback, there'd be lots of opportunity passing you by with strong gains, especially on a good index day.   When the index is not doing much or down just slightly, that's when you look at pull backs more assuming there isn't that many "strong green" stocks to play.   Always prioritize your trading list and go with the strong beta first.    Just because you bought the stock couple of days ago and it isn't doing much for you doesn't mean that you can't cut it lose and go into something else.  We did that with OSIR today, we're not going to give up what we earned the last couple of days and blow a call from between 25's to 28's.    It's definitely easier to play break outs than to play pull-back.    The strategy is also dependent of your portfolio size as well.   We knew a guru who would hold 200+ positions on a day like today.   For most of us that would just be impossible to manage.   The point is, if you have a big account, you can afford to hold many positions and even consider buying on pull-backs.  If you have a small account, consider going with the stocks with the best action on a daily basis.   There will be a lot of trading for you but unfortunately it's part of our strategy and part of the game we play.   When a stock drops below 9 ema, it simply looks less attractive to us, pullback or not.   When you have so many stocks breaking out, the last thing we want to be doing is to be stuck on a consolidation play and "hoping" it'll breakout.   When it does breakout, we'd be there.     Our mentality is that we participate a run, but we don't anticipate one.   Also again, before we are moderators and writers of this site, we are traders.   We spend most of the time trading for our own accounts and writing-updates for this site is just an extension of what we do.    Of course, our priority is to write and alert/update on the stocks we think that are showing the best action(opportunity) for the day.  Whats there to talk about SNCR or AAPL today?.  The fun was had and now take the consequences of a stock going 14's to 17.50 in less than a full trading day or one going mid 80's to high 90's the next day.   Going through the entire list of DJIM watchlist every day may need full time attention.  Use the charts to help paint a picture.  Maybe we can do a weekly recap on some special requests on some of the stocks we seem to have far we have not heard back from those public requests..if we don't know the stocks, we can't help.   Now onto some today's movers....

VOL, this one probably overwhelmed the most optimistic traders given its 3 day action.   Again, we are not saying today is the end of this run-ups but it does feel a little tired at this point.  As far as trading tactics, there was a question and answer in the forum yesterday.  In the example you can see how you can take profits around 60 and then buy the strong close which leads to another 3-4 points today. You sold the 51-59's run to lock in partial profits, then buy maybe the same 1/4 back into the strong close and walk away with another 3-4pts today on the full lot you played.  This is what we did reducing our exposure and now are in a wait and see mode with a very slim position.  In fact, how can you not resist taking some profit at this point?..

CCOI, This one has institutional prints all over it today and you can see the large number of blocks traded from its time and sales. It wasn't over at $ 19. Plenty of people buying a stock up $1.50 at $19 early, these traders are not contemplating a pull back, they are buying a ticket on a train!.   Same goes for SNCR yesterday.   The first thought of a successful trader/investor cannot be when and where is the pullback going to be.

MFW, it seemed as little as two days ago there were concerns of chasing this stock in the 26s or 28s.   Well we had a dip and dip was quickly bought on that day.   What followed is today's advance and if you blink, you'd missed it. The pullback you saw the other day off a NCH is one of a few you should consider. You know its a hot stock and a pullback is extreme.  Thats called opportunity. A .50 cent pullback on a 20 buck stock is not a pullback in our book, it's of a stock.

EDU, now out of all of the China based(quality) stocks, we like this one the best today and yesterday.   See, sometimes we don't have to predict, we just let the stock show us the path.   This is actually a new closing high and we believe it's ready to challenge its all time high. Instead of looking for a pullback what has been happening for months is we trade a EDU for a MR and back and forth with HMIN. They take turns it seems and with these names there is no need to wait for a pull back. A move comes and that's when you buy back.

ABM, it sure tried to breakout today and it closed about mid way between the day high and day low.   At this point, we think this is the right direction and momentum is definitely on the upside.

HLYS, we alerted this one late in the day only because this one has had a history of intraday fake break-outs.   Hopefully, and keep our fingers crossed, that this one may get some kind of follow through after today's near day high close.

GLDN, was a rocket again as it climbs with some news.  MTRX is a piece of work while this oil massacre continues, just one nice oil day should pop this higher.

PTT from premarket is a 'trade' like NWK was. If the flow keeps on we'll be there, otherwise we have no love for keeping this long.


DJIM #3, 2007

For investors the best thing about a 3 day weekend is it gives an extra day for M&A activity to kick in. This weekend surely is not disappointing in this department as lots of activity is coinciding with the markets playing with highs.   Hopefully, this gets us off on the right foot into a shortened,  but what we expect to be a busy week.   The flurry of earnings will hit us this week and hopefully we can hit back hard by buying into DJIM type earnings winners.   This is the time we/you might want to reduce sizes of holdings or get rid of stocks completely stuck in the  'hub' with no immediate flight plan.   It is best to have cash ready and not be forced to sell things off to get in on a play early.   There is always more than one opportunity to get in on a DJIM stock, but sometimes the first is just an easy gift you can close early and then look for another entry..examples might be like a SNCR move last week but one with earning or an explosive VOL off earning.    Also...don't forget to look for earning dates of your stocks!.  We have enough on hands here in Canada following US holidays, so help us out on DJIM stocks...we knew EDU had earnings Tuesday,  but we didn't know we had a holiday today till about 11 am on We almost broke our 'no holding rule' into earning with EDU!.

Heading into Tuesday,  these are our top hold/ hit lists plays at this time in no order..

CCF-  Chase Corp is one of those small float (2.3mln float) Amex stocks that hides with pretty darn good earnings.   Friday it reported its profit doubled on a 26% revenue increase.  This .62c Q follows last Q's .69 on similar revenue.  We also like Fidelity owning about 50% on the the instit. shares( 400k).  If they want more, they can get ours now in the $30's!

OSIR- made a nice comeback late in the day Friday.  It seems this one besides the FDA news last week is starting to be looked at as a stem cell stock of sorts.  This explains the volatility the last 2 trading days, Osiris is also developing stem cell treatments for cancer and heart disease.  A new NCH has us looking for more in this name, but now we are looking for more volatility that made us run out of it, Thursday.   Easier to deal with volatility if you know why its there, we didn't Thursday.

CCOI- just a steady follow up Friday from its big day the day before. A NCH and a stock that is up 4.5 points in the New Year so far, almost 30% and is sure to be picked up by more eyes, but it also should consolidate sooner than later.  So be careful jumping in!.  Some of you are getting in a tad late on some plays and expect miracles too fast!.

ABM- we are satisfied with this steady performer.  A NCH to end the week, don't forget we have been on this since $21 and the big push the second day after earning.  This is heavy on institutional support,  so this pace is not unexpected.

MR,  is back in the picture... we like the move Friday and the fact it held it by the close.  We added some near the finish and think this one might be one of the better plays to start week as it has climbed nicely above its 9ema.   It could be just MR, it could also be EDU following earnings and HMIN might not be far off ( we would like to see 40+ before really taking another stab at it).  FFHL should get some play but there is that supply of ones wanting to get out overhead to consider.

AMK, might be the other top play heading into the week.  This is a small float with a nice earning story that is reporting early February.  It just looks like a typical 9ema play at this point heading into earnings.  Wish it just take out Ceramics from its name from its name!.  Can't help but think pots when you first come across it!

INFY, we like it for its EPS, its business and where its at (India).  A few targets in 60's already out following EPS. This might be a nice longer term hold.

CENX,  a play we noted off AA earning is doing well but might want a rest in the 43's. It opened just below $40 on Wednesday following AA's eps.  Again, if you want a nice aluminum stock to hold for the AA story, this is it for the longer term.

MFW,  looks to be one to pick up more of on the dips. At this point as it has some interesting intraday moves and sits close to a high.

SNCR,  seems panic has set in with some, yet its only finished day 3 off news and is only 6% or so off highs. There is two camps here,  one that was getting in $15's Tuesday AH  and then early Wednesday and the second camp that was procrastinating and moving in mid $16's and higher.  Basically first camp has been distributing and the second camp just needs to be patient through it.   If you don't believe in the story then just move on.

VOL,  momentum begets momentum and that is what happened to the upside...and to the downside.  It works both ways, kids. If you've never seen it before, you just passed MOMO 101 last week...hopefully in one piece.  Violent sell offs are nothing new in something that goes up so fast.   Now we turn to giving this a look around the 9ema area.   At this point its only a look, we like to see a reversal begin before considering a entry.

MTRX, MTRX, MTRX one fine oily day it will move.

Some notes on other stocks in Alert/Update page. 


We better get ready...

Before you know it,  half of the companies out there may have reported their earnings already.  The flow is about to start. Frankly, we feel that this mkt needs to kick a gear higher to really start this earning season.   What we mean is that we want to see more volume and more volatility!    Good earnings get bid up and bad earnings get dumped kind of volatility.    When things are chaotic, there's always opportunity.    We don't want to speculate which sector or individual company is going to shine this quarter, but we have to keep a sharp eye out for outstanding report.    

Today's action from DJIM land is surprisingly quite good given the weakness in technology sector.     Of course, we are only concerned about individual action here and we'll let the talking heads discuss the theoretical side of things.    Most of the DJIM stocks enjoyed some very nice gains and here is a run down..

MFW, financial companies, especially the little ones like this definitely can trade on their own.  Come looking back, an entry point at $28 is not that bad of a deal.    We've been actively trading this one last couple of days .

AMK, as mentioned last night, we thought this had the best early chance this week alon,g with MR.  It didn't disappoint with a nice day.

MR, so it looked like it had a seller or two mid way through the day as it reached highs.  This one had above average volume today and we'd be watching it closely next couple of days to see if it has the juice to take out the old high and start a new leg.

HMIN, it looked like it almost had some steam to break out but only to come back some in the afternoon.    It's having a pretty stubborn consolidation so far.    Again, we are not eager to chase potential breakout but once it gets some push under some heavy volume, we'd chase and alert everyone at the same time.

GLDN, new closing high, there's not much else to be said about this one.   In fact, this is definitely the best Russian stock on our list right now.

CCF, slow down Jose.   To be honest, we actually aren't comfortable for it to trade into the $32s this early.  It was here for all high 27's/low 28's to snap up last trading afternoon.  We definitely want to see some base building here.   Let everyone catch some breath and accumulate some position.

AXR, though we did not actively participate in this most recent run-up, this one should always be on anyone's top trading list and its good readers have not forgotten this $90's DJIM.  Its been up in charts all along, so there's really no excuse to at least have admired this   Honestly, it's not easy to chase a 30 pt move and we just have to take it as is.  If you played some, congrats to you but if not, no big deal as opportunities will come.   It is a little stretched at his point so we aren't looking to do anything here.

Some other stocks on our list that closed well include, GRC OPTM HRT OMRI.    One last note on EDU and future earnings, earning dates are to be played, not to be held through.  We didn't say anything cause there was nothing impressive about the report. Last report which was sensational sold off, so this one is no surprise.  Still, it's pretty good, it''s just the market doesn't care.  CHDX, this one was in play a month or two ago and today it broke out apparently on good volume.   Keep an eye on this one for potential follow through or not, it's not the most consistent day to day performer.  Another is a big DJIM flyer from last quarter, CETV which put in a NCH today on a gap. Not sure what the beef is here today! . Good stocks just grind it out over time and before you know it...boom...a NCH



DJIM #4, 2007

We can't block out all the noise, all the negative noise hitting the wires, the bobble heads on CNBC as its venom is in front of you on your screens...the abundance of red, 3 out of 4 days!.  But it is possible to turn off the excess, the actual stuff making the's off!!.   If you want to dwell on the macro, we can refer you to 1000 places that will discuss the possibilities till they and you are blue in the face.   It is so easy to get involved in the hype, even if it is reality in many respects and get a tad depressed and sit on your hands.    You could fall into this trap and sit ideal or you can jump a bubbly, new opportunity to make some mo'.    DJIM is ' stock picking',  it is not to evaluate a macro situation and decide to take a position in a stock that could be affected by the goings on 3 months from today and make you 10% down the road...Why should we wait 3 months, a year for a 10% gain when the possibility to make that much in a day or two is granted almost every day....This is especially true during earnings season!....No matter what the 'big boys'..INTC, IBM's are telling for the future....Small caps for the most part are only telling you what they did for the past 3 months with no outlook.  This gives us all of us an opportunity to collect points, here and now on the most cases it's easy money as it tends to bring in momentum and an excellent trading environment.   But if you're shacked away, clinging to stocks stuck at the 'hub' with no immediate flight plan...well, then you are also missing opportunity after opportunity if you do not have excess cash to use.    Procrastination... is something best left in bed or on the potty in the morning,  if you're going to trade successfully.   The ability to differentiate between stocks and understanding what has the most potential to move out of the gate the fastest is so important in our and your success.   You have seen what momo can do recently...good and bad as in VOL.   If you do not recognize momo and jump in day 1 or 2 and procrastinate till day 4, you are left at the summit.  Bet there are more waiting for a move from these prices than ones who got in the first move of a max. of 12-13 points from DJIM time on it.   Basically, those admired the move from a distance so much that they think it can be replicated once they're ready days later.    Why let it slip through your fingers the first time and be left hoping for sloppy seconds!.  To a lesser extend, this holds true for a USAP and it's potential following earning last week.  Like CENX (if you want some aluminum in your diet),  if you want a steel play with a connection to Boeing etc there is not a better longer term hold in this sector.  They are a little volatile but also give a better bang for the buck.  Again, we are not here to make predictions on commodities or anything we are here with the flow.  Right now, its a little positive.

USAP, you saw this stock here before most likely.  It had stellar earnings last Q and this Q beat all expectations handily even if you take the nickel pricing that added about 10c to the EPS.  The 97c was 80% growth and guidance is nothing to sneeze at either.  How to differentiate a stock and its potential for a fast move.  Compare a stock like VE with a 200mln float and USAP with a tidy 4.2mln and 80% instit ownership.  This smells like a possibility of a fast move and volatility, so if you want to the chance of a 3-4 5pt move, stop procrastinating if the signs are there...VOLUME is always one... Why not start with a starter like we did below $37 and then add as you see the momo come.   So, if you watched like many watched VOL, Monday might not be the best time to enter but on the other hand you might want to take advantage of the profit taking end of day and price decrease as a new start.   Again, we are not here to figure out and suggest if a pullback is sufficient for you to enter...our gig is to introduce you to a potential move and in this case tell you our entry.   Now is where you might want to use charts in your decision process.  Of course, we took some points off the table during the nice run, we all should heading into a weekend with a fast gift when its given.  There is nothing not to like here,  but it does not mean you don't take the points.  You're in the market to make money and nothing else.   We will follow closely to take back a full position.

VNDA, here was another opportunity in a stock we know from our own experience the power it can generate.  We know its bloodline, we know this can be that thoroughbred sprinter.  The history of a stock is simply the chart, so if you missed the DJIM run before... a quick glance at the chart and the previous 2 moves should have made you to put this on top of your trading list to watch after our mention of the funny biz in the 350k lot at highs(Wednesday), the snap back action to highs Thursday was another clue to something fishy, yet smelling good.    An offering at the highs of a stock is always positive, it is not the offering with no price that we are seeing from MR and EDU that make the investor apprehensive or even scared that it will be quite lower and also cause dilution.  In a up and coming biotech with at least 2 promising drugs,  dilution is the last thing on anyone's mind.  VNDA will have to partner with a major as they said again Friday, we feel  this should continue to keep the stock steady in anticipation of the inevitable event of a hook up with a major.   What has always been impressive about VNDA is its ability to hold gains after the initial big run.  The finish was strong as it pressed the days highs. We noted our intraday sell and the potential to pick it up back with a break of the days high.  We ran out of minutes to see if this occurs on Friday and will take it minute by minute Monday to see if we add back what we sold.  Remember, we fear the 'negative' news that might come overnight in a biotech,  so use caution and only sleep with what won't break you.  Look at it this way, you could have played VNDA 3-5 days so far and slept fine in between the big days.

What else for the week ahead?. can make a list off the charts posted of the stocks below this short term support line.  Starting with the Chinese stocks like EDU MR and others like DLB and know what we have no interest in now.  No need to list them all.  Then look at those stepping above this point like the Russian telcos ROS VIP MBT to put back on your potential trading list. Just watchin now more closely.

OIL, really hate to turn to ALY, BTJ if need be, but they do still offer nice trade potential.  MTRX has been incredible through the massacre and considering we have held some through, we'd definitely like to see it move with any sector move.  This is the safer bet and one you can hold through the night.

ATNI was one of those HUB stocks as it did nothing but wait for a flight plan after the initial  BIG run!. It got grounded!. We discussed these tired plays may be a waste of cash at their recent high levels.  Well,  ATNI finally collapsed late last week, but might be a buy opportunity again at 50 day.  More than any other reason is ATNI made it to 2 publications as a 'top' small cap (motley and, Friday.  Just a hunch, if the market is good.

MFW AMK MEND, 3 buys we have listed here on the Journal in 2007, have been steady performers yet do provide some swings and dips to buy before continuing back to highs.  We continue to hold small.. adding/subtracting as we go along depending on the trend.  Trying to catch a bigger move here.  CCOI is another that seems to have staying power, best to look at it again if it comes to highs as 9ema area is still a possibility here.    CCF, a one dollar move in a stock like this is .20 cents on another, so take that into consideration when dealing with thinsters and be prepared to stick it out if you buy these types.  The earnings are not going away, even though the buyers are not lining up last week.  Maybe a few will at the 9ema area.

VE, moved a $1 after our alert on a hunch it might move because of news relating the Suez. Seeing the float, you know this won't be a quick mover. If the news is not substantial and doesn't put the stock in a uptrend soon, we will release that starter position.  A break of $70 is what we would like to see, if it doesn't come soon...we'll say good-bye.

EBS, introducing this IPO to consider for a potential trade tomorrow or one to keep on radar for future events.  This is a recent IPO that is profitable for a biotech, it provides an anthrax vaccine contract for the stockpile .   It moved late Friday and we want to see if there's any follow through or any news.  The OS is 80% is controlled by one big head in the company.  There is not much left for you and us, so there is potential for more moves.  We could be at the beginning of a move, or we could be at the end of a short one.  If we take a starter position early and it turns against us, we won't let it go too far in the red before selling.   

Look at IPGP, as an example of what could be a 2 day run and the potential to get in too late as some did here in the 27's,  instead of buying the 25's and the potential break we spoke of before and after it started to move.


Big Day!

In our opinion, today is one of the biggest days if not the biggest day for us so far in 2007.    It was almost near perfect except for a couple of stocks but overall effect is very positive.    Index seemed to be going much more wild than most of the stocks on our watchlist but we think it's understandable given the cross currents of a lot of news out there.   Of course, what we care the most at the end are how some of the stocks in our portfolio are doing today.  We will proudly take this day considering there are many a guru and many a forums complaining about the market and the little opportunities for a good trade... A few things for tonight...

HRBN, big volume but a slight disappointing close.   Does that mean this play is completely over?   Far from it!  We think the volume today squarely put this one in the "in play" category.   So why did it not go up with this big volume you ask?   Simple, in terms of percentage, some early birds that supposed to have bought the "Naz Listing Leak" early may be cashing out and maybe some of you after an alert run from just over $10 to over $13 overnight.   We are going to be adding some on pull backs.   Keep in mind, this thing still trades on BB exchange and the market maker there may not be most friendly.   Hopefully when it gets onto the Naz Global Market, some institutions would step in and give it some orderly support. 

CCF,  boy things can turn quickly on this one.   The only disappointing thing is that this one has to shaken out on a day where most of the other DJIM stocks were having a very good day.    Nothing has changed on this one and the battle is close to the 9 ema.   Next couple of days will be the key to see which way it wants to lean.   At this point, we wouldn't be adding as the sell off volume seems a little more excessive and we'd give it a couple of days to show us which way WE ought to be leaning.  The earning did not change overnight, remember that!.  Don't forget how far this one has come in a short period of time and take these moves in stride.  Recently, we said 'she's a bouncin' and it went from 29 to 33's, so be patient.  There is plenty out there!

USAP, perhaps today is the day this stock is showing us that it should be the #1 holder in our portfolio.   One thing is for sure, this stock is definitely getting the kind of exposure CCF lacks.    Even though the trading can be just as volatile, but at least the support is there to push it back up.  We like this one and would add lightly on break outs and aggressively on pull backs.    By the way, when we say adding on a pullback does not necessarily mean we'd be adding on pull backs that have excessive volume that takes out meaningful moving averages, like CCF did today!.  Hopefully, the HMIN move Friday was fresh on your minds as you read the forum blurb on USAP this morning.

TRCR, it felt like it was just a matter of time.  That thought was just echoing behind our heads as we were just talking about it a couple of days ago.   Does today qualify as a breakout?  Hell yeah!  Did we add some on the breakout?  Absolutely.    We'll see how high the momentum takes this stock to. The volume was about 75K when we alerted to a watch for the $6.75/6.80, a 10minute volume chart shows the love it started to receive at those prices as we were hoping for.

MEND CHDX both of these broke out today but both didn't close near the high so we'll group them together.   Remember, CHDX is the volatile beast, so be careful with it.  MEND received a price tgt increase( see forum from premkt)

VTRU VE NWK HMIN ABM MFW ENR RESP ,  we have to say all these behaved quite well given the wild range we had today with the index.  This is a night we have to say the charts speak louder than anything we can say, so we will keeep it short.  There is a collage up of the big day players up in charts.

If you are spread out in a few of these names, hopefully you spread out your profit taking.  As much as we added here and there, we took some off as well in different names.


..Big day>>>Boring day

Yesterdays BIG day followed by a BORING day is just fine with us...We can live on the adrenaline rush of yesterday any day, but sometimes coming off such highs can be quite the ugly trip the next day.   We've seen it before where the gainers evaporate one by one the next day and this is why it's never a bad thing to take down some positions in size on days like yesterday and even today when it is quiet and you can sneak in a better sell.    The boring action from yesterdays runners didn't stop us from looking for the next new stock to trade.    We found a couple this morning in ALGN and TGX.   The first hour of the trading day,  we are not thinking what potential this has 48hrs from now or next week.   If we see potential for further gains today off a good earning report..we will jump on it with a starter position and add to it if the action gets better during the day.   You could've had yourself 5-10% on the ALGN and TGX off the alert time without ever having to add these to your book overnight.   Some make a nice living just chewing off these intraday trades day after day.   Of course,  it's not that simple as it's about discovery more than anything.  Being able to find the play is what it is all about, even if the stock has gapped 15-20% by the opening bell.   Too many are simply afraid to enter at those levels and sometimes never get the pull back they hoped for.  These are not the sexiest stocks but they will do for sloppy days like today,  especially if the action is right with volume.   

Align Tech beats by $0.14, beats on revs; issues upside Q1, Y07 guidance (ALGN) , Reports Q4 (Dec) loss of $0.01 per share, $0.14 better than the Reuters Estimates consensus of ($0.15); revenues rose 7.8% year/year to $55.2 mln vs the $54 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.02-0.04 vs. -$0.05 consensus; sees Q1 revs of $56.8-59.8 mln vs. $54.75 mln consensus. Co issues upside guidance for FY07, sees EPS of $0.15-0.27 vs. -$0.01 consensus; sees FY07 revs of $240-255 mln vs. $238.37 mln consensus

Theragenics reports Q4 revs up 30% (TGX) .Co reports Q4 (Dec) EPS of $0.05, excluding a deferred tax asset valuation allowance, vs $(0.01) a year ago. Revenue rose 30% yr/yr to $14.8 mln. There are no analyst estimates. Co says "In many ways we have just completed our best year...and Q4 was our highest quarterly revenue ever...we delivered four consecutive profitable quarters in 2006, something we haven't done since 2002.".       

MFW,  this was the 'trade' in our book off yesterdays alert and buy in.   The action kicked off from the bell and it ran to a high of 33.69 off yesterdays $31+ afternoon prices.  These are the kind of trades you are most happy with!.  Ones where you believe in a stock from the extended level of $28,  our first buy here at DJIM..... to these days when you time a breakout almost perfectly.  Whodathunkit this still had 20% in it from that $28 buy in?.  We did and that's why its been on the chart board every day.

CENX CCOI , also part of the alert..We had nice days with CENX climbing to over $2+ at the highs and CCOI $1+.   If you've been long these,  you're happy.  If you day traded the're happy.  Actually, we're happy on both sides by adding to the move and selling some later without touching our longer term position in each.

Besides these early morning alerts,  it was quite boring.    But... boring is good when nothing falls apart after a big day.   Anyway, there were enough plays to keep us all busy today.


Fed Day

This is one of those days where we wish we were institutions rather than retail investors.  Not!   Up until the Fed decision, the market seemed like it was stuck in mud.   There was hardly any action and most of the entertainment was provided by the special guest on the NYSE trading floor.   We had to double up on the amount of coffee we drink just to get to the 2:15 p.m. mark.   Then it felt like there's a jolt of energy injected into the market and everything becomes alive again.   You don't think the guest of honor would address Wall Street and then have FOMC ruin the day?.      Let's just say the stars were lined up ...Bush...Bernanke and not accidently.

Speaking of jolt, the Chinese market was rocked the night before and it's definitely spilling over to all of the flavours here in North America.   The familiar ones we cover all suffered to one degree or another.    However, we see little correlation between the market over there and the Chinese stocks trade here as most of them only trade on North American market.   Still, we prefer to see a trend change here.  We'll see soon enough if this is mere a distraction and provide people here some opportunities to add to the strong ones.

TGX, this one had the best follow through from all of the stocks yesterday.   Sometimes you just simply have to be surprised by the kind of stocks that are performing in your portfolio.

VARI, this is one of the earning play that obviously enjoyed the Fed day more than the others.  Action speaks louder than words and we added during its strong performance today.

CHRW, this is a new one we are throwing into watchlist as this is the rare earning reaction for a big(relative) co.   Volume is huge and stock finished near the high.  Whatever the institution is seeing in this thing, we think there's going to be more to come.

CNS, we think this one is finally ready after excellent earnings to move forward.  We picked some up near of end of day

ABM MFW, these two DJIM's just keep serving up excellent days.

CCF is turning we said... patience these earnings are not going away.

The market got a late day upgrade,  if we are to continue this longer term uptrend there is no better place we'd rather be than in strong EPS stocks. 

SWIR, we added a few times AH, the earnings are quite good and considering SWIR was just 15+ getting a position in the high $15.60-80's is a treat.  Maybe we should listen to the CC to find out why this didn't trade higher, but instead we'll let the action in the morning dictate what we do.  We think we might see a 5++mln volume day on these numbers, if that happens the share price will be quite higher intraday.

Reports Q4 (Dec) earnings of $0.09 per share, $0.02 better than the Reuters Estimates consensus of $0.07; revenues rose 81.8% year/year to $68.3 mln vs the $66.3 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.12 vs. $0.08 consensus; sees Q1 revs of $82 mln vs. $65.83 mln consensus. Co states. "Based on strong bookings, we have solid visibility on Q1 2007 revenue. This guidance also includes a sizeable increase in operating expenses related to new product launches and major trade show activity expected


Post Fed Day

Normally, or many times in the past, the "Post Fed Day" has not always been kind to the market.   This time the market definitely had a change of heart.    When it comes to DJIM stocks, we actually had a much better afternoon than in the morning.   Many of the stocks we are familiar with just simply strengthened up toward the end and some of them had pretty good closing actually.   We'll pick out a few and highlight them...

CCF, perhaps this one is the most surprising one out of the bunch.   It was very ironic that only a couple of days ago that we were worried about its above volume sell off.   Again, we pointed out that we'd give it a couple of days to let it show us which way it wants to lean.   Volume today isn't spectacular but we think it has potential.   We added back some shrs today and no doubt also contributed to some of the rise today.   Nonetheless a new closing high is a new closing high.    What this does is that it actually puts this one back to our top watchlist and we'll again be adding aggressively.   The conclusion is, let the stock show you how strong it is before making up your mind of adding/chasing.   There's no need to be overly optimistic on "the best play" if the action seems uncertain.   If uncertainty occurs, reduce position and sit on the sideline with a little exposure.   Once the danger is over and the trend is clear, then jump back in.    Actually, this is more like the strategy for surviving in the jungle. lol   But in all honesty, trading the market is like surviving in the jungle.  There's really nobody else to look after you other than yourself.   Making kills (plays) just don't come easy when you got so much competition out there.

MFW, it's been up three days in a row now since our alerts on it Monday and of course the little alarm might tick off for a possible pause in this latest runup.    It doesn't mean that we have to go all out and sell it out.   Just be prepared for reversal and when it happens, don't be hesitant to reduce.  Recently after our initial buy in, MFW provided one quick trip down and that has turned out to be one of the best trades recently for us adding in the $26's.

SILC, ok so this one sat there for a couple of days and today broke out on pretty good volume.  There's not much to say other than the fact we added some toward the end.   Why at the end you ask?    If a breakout does not hold till the end, then it may be a fake one and we simply hate any kind of fake break outs.

HRBN, what to expect tomorrow?   Ummm, there's a chance it may follow through and start some momentum.   We are keeping our fingers crossed and if there's any sign of momentum picking up, we'd be adding aggressively.   We are watching it very closely.

TGX, time to let some go today.   We all had a chance after alert at $4, 20+% in 2 days is just too good to ignore.    We reduced most and looking to add on pullbacks.  BT noted in forum some technical analysis on it today.

A note on tech earnings on the Nasdaq, a definite theme has developed that started with AAPL, a few names early this week and then GOOG today.  You can put SWIR in this bunch of sell offs off excellent results.  Last night, we talked of the slows action in AH in the 15's and up only 10% on SWIR..."Maybe we should listen to the CC to find out why this didn't trade higher, but instead we'll let the action in the morning dictate what we do".  The action early showed SWIR had no chance and why.  Simply these techs are selling off the stellar earning news.   As we always say and said last night, wait for the market to dictate what you should do on a earning reaction.  If you do take a position early make sure its a starter, something you can rid of without much of a loss quickly.   At this point, we are carrying between 10-15 positions on any given day and blowing out a small starter position as in SWIR from AH is nothing when you have positive action in so many DJIM stocks.  Cut the laggards and those behaving badly.  If you are one to carry 2-3 positions at a time, you definitely should not be going large into earnings plays until the market shows you what it thinks.   It tells you pretty fast as with GOOG and SWIR last night and today.  We are looking at DLB's earning with all this in mind tomorrow despite how attractive it looked on paper first.

Other stocks showing strength, some more than others.. include ENR ABM GLDN VARI CNS OEH NWK FSYS ALB CENX TRCR ... so most of them are eps plays and all of them you've seen at DJIM over the past 5 months.


DJIM #6 2007

We thought we'd get this out today while we're all in a sober state before Sunday's game..

Now that we are in February,  we'll save you from listening more about USAP CCF MFW our core of big winners in January.  Well, maybe for a few days only!.   Nothing has changed since the last write ups, so glance back if needed.  Instead on Super Bowl weekend,  we'll discuss some new and some neglected DJIM names...

CNS, this asset management co' has taken over our money after the demise of GROW.  We've been in and out before recent earning and have been waiting for a signal to enter after EPS.  The day came on FED Wednesday (Journal) as it attacked the congestion in the low 48's seen after earning.  A quiet Thursday and then a nice move Friday.  We like, We like as a core hold.

ALGN a buy in alert low 16's off earning that knocked out estimates has playing ping pong between $16 and $17. We've never traded this before and are closely watching trying to figure it out.  As of Friday, we think there is a possibility of some action if it gets just a little bit higher. BT has confirmed this with a chart look as well.   If we don't get a move early in the week, we'll cut out if we don't see some momo established again.

AVZA an alert at the bell Friday that we soon bought into.  We're not so thrilled with techs but a turnaround is seen here with this profitable Q and guidance equal to this Q.   A nice pop from 5.50 to 6.50 before tailing off.  We traded some of AVZA and kept some to see if we can make it 4 for 4 on cheapies following on the footsteps of NWK, TRCR TXG!.  Basically, we are using the same strategy on all of these.  Best to see the latest on the TRCR, TXG's first days.

SILC, is an Israeli tech just small enough to avoid the institution rush to sell off after earning.  We are very familiar with SILC having traded it from the 6's and were in no hurray to pick up till Thursday buy in alert end of day.  This company is what you call a comeback story,  the founder brought in a top manager and marketing exec.. Yep..the stock was less than half a buck ...4 or 5 years ago with a market cap less than a million, now its probably over 100mln.  They reported a .20c Q/.49c on the year.  Maybe this becomes an IBD contender?.

T'N'T, talk about cheap thrills'!.... we have to group these cheap DJIM winners together.  First there was NWK we started in the 6's and alerted last Friday before this 10% week.......then there was TRCR and last week a spec buy in alert at $4 of TGX.  We noted Thursday on TGX and taking profits with a quick 20% in a week,  we did the same on TRCR again Friday which we started at $6'ish and alerted again to look for action in $6.70's last week.    We are looking at these day to day now with bigger pieces being sold.  There is nothing wrong on the fundamental side but we feel they are getting a bit extended short term.  A nice pullback or two, we wouldn't mind in a few of these after the 20-40% moves.

We got the cheap cornered,  but what we really like most is the classy ones to hold tight.  They are expensive in many a traders eyes as some just can't see past a under $10 stock.   We love these types.  We bought the starters in ENR at 83's, the VARI 52's, the VTRU $43's and have been adding along the way.   These have produced nice charts since entry and returns of 3-8% between them quietly.  We 've sold most of the VTRU the last few days after 4pts in 7/8 trading days but we'll look to buy back in if NASD internet names get some love.   If the market continues to go our way, we expect the institutions to want these types of companies on their books and that's why we consider them nice longer term hold potential.   RESP had the best start but now is lagging the bunch.

OEH , the lux lodging stocks have throwing up good numbers (HLT HOT), eventually this hits secondary names and one we started in again is OEH as revenues per available room look to be higher in '07.  If the institutions do their homework, they'll likely want to hold this one into earning this month.  Actually, this one has so much institutional interest(96%) already it might allow them to walk it up.  We are looking for this type of discovery here.  A slow and steady move into earning off these new highs.  If this 96% ownership is too much or the price is a little expensive have a look at..MHGC

MHGC trades under $20 and we started a position late Friday.  Think Super Bowl, think The Delano and then you'll see what MHGC is about.  The chart looks jus' fine and the 25mln float is jus' fine.

It's pretty easy to break up the trading stocks between those you want to hold over the longer term. We have the core which now includes CNS added to CCF USAP MFW,  the last 3 may need to rest here and there as January has been nice to them and us all.  The cheapies are to trade NWK TRCR TGX, you can throw in HRBN AVZA even ALGN till we see a trend or not.  Plus, we have the not so volatile more expensive names such as the ENR VARI VTRU VE.  There is a fave steel play USAP, a fave aluminum play CENX.  A fave oil play in the steady MTRX.. if you want to carry such, a fave Russian telco in GLDN, a potential lux lodging play in MHGC OEH.   Basically there is something for all types of traders/investors.   We're not throwing out the SWIR's out of sight, instead we'll be digging for these types that are not getting love off earning as potential plays in the very near future.


Need Direction...

Yes, that's how we feel about this market generally.   Naz has basically been stuck between 2400 and 2480 since last November and neither break outs nor breakdowns have yielded any significant results.    Ok, we at DJIM normally do not talk about the overall market trend much but we feel the current state of the market may explain some of the lackluster movers out there.   Will CSCO help out?, the numbers might be there but will the Naz use it to go for a ride?.   Maybe it was too much to burden AAPL and GOOG with;).   Sure, there are trading opportunities and some strong individual strong performers, but it'd definitely broaden the movement if the market is actually on a steady uptrend.    At this moment, we are still not committing most of our cash into work.    Right now, it doesn't feel as if we need to go all in in a big way, but rather, we are trading sporadic opportunities here and there.    As more good earning play come out, we are sure that we'd get more action but it'd be nice if this market gives us an excuse to go big and go all in.    We are definitely not there yet but we feel if a powerful move comes up, we'd be quick to get into the action quickly.   Early and most of the day an overall weaker bias but early gains in DJIM names provided an opportunity to take some gains,  primarily in CCF, MFW over $36.  CCF is just a little too jumpy right now, we'd like to see a close over $33 and away from the 9ema.

USAP, this one is definitely a hit so far.   The lack of volatility and strong action makes this one stands out from the rest of the earning play crowd.   We added some today on the 3 day breakout, but will watch the highs coming up carefully.

GLDN, this one pulled a typical sleepy move when nobody is watching but hopefully you were since Thursdays alert    This one sure took a while to get to this point.   But we can all agree that it's been a nice hold so far during the past couple of months.

VARI,  MLynch started coverage again with a buy rating and stock notched another new closing high here.   We favour these kind of plays here b/c of the institutional support and the liquidity it provides us.

AVZA/SILC, these cheapies didn't do much of anything today, but more importantly, they aren't giving back much either.   The longer they can hold and flatten out, the more likely the next movment will be up.  Only so far these techs will go without a little help from the big boyz.


CSCO who?

CSCO who?...Paulson who?....Bernanke who?....seemingly this is what the DJIM core and secondary holds kept saying all day. 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'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? 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.



More choppiness?

That's what we feel at this moment.    When we say choppiness, it means the market will behave in a very volatile and adverse way.    We have been saying for a couple of days that we feel sooner than later we may see a big movement out of this market.   It seems that we've been stuck in the same range for too long.   Sure, there have been some good earning surprises and individual action kept us busy during the last little while.   Still, we still have to keep our eyes on the index just to feel if something big may be cooking down the road.     When all things said and done, a big market movement would drag a lot of stocks with it, up or down, regardless the type of stocks.     At this point, we aren't 100% certain about which way the market will lean but it's just hard for us to see a sudden rally into new highs and beyond at this point.    At this point, if it wasn't for some new earning play and couple of story stocks here, the market would actually look down right lousy.   This is what we have to be prepared for, mentally.    We basically have to be prepared for the possibility of a "woosh down".    Believe us, it's much easier to deal with a rally than a sell off.    With a rally, the worst you can do is not to make money!   But with a sell off, you  not only can  lose money, but your confidence as well, and it unbalance your cold emotion as a trader.     Basically for us, it's better to be prepared ahead of time and when the hit comes, we'd know exactly what to do and won't get caught.

So what have been doing now?   Other than getting up early and play some stocks off the news, we are looking at laggards that needed to be reduced and cutting down our # of positions to a manageable level.   Of course, every trader's account is different and this is how we do things when we get cautious.   So what are considered the laggards then?   Basically, those stocks that have released their earning report for a long while and haven't done much of anything, are considered laggards.     We are keeping those earning plays that look technically strong but will keep our sizes at a comfortable level.   Basically, we aren't over betting in any particular play.    Then, we have to keep a note of those stocks that may trade independently of the overall market movement.    Lastly, keep an eye on new 52 week high and to see where people might be stuffing their capital into.     All these may sound a lot but it's actually an ongoing thing for us.    At this moment, we are doing what we can to stay ahead of the game.

ONXX, this little play caught some serious momentum fire today.   The huge gap up is not enough to deter buyers and it inched another 20%+ intraday.   This is not a typical play we'd hold overnight so this is more of an hour by hour thing for us.   Again, if you have fast finger and a suitable appetite for these kind of plays, it does pay to get into it early in the day.   Other than that, your understanding of the news release is as good as ours and we'll just leave it at that. This was simply a headline you cannot pass by early.

BW, speaking of another gap up, this is actually an earning play.   The company guided up for 07 and stock behaved very strongly.   Other than a starter position, we'd have to give this one some more time and room just to see what it's made of.

Okay reversals in USAP, MFW (MDCI continued its bounce) today but not everything reverses.  VARI also did alright but a lot of stuff is lagging any punch.   Watch these 9/14ema levels carefully as we pointed out last night.


..with Love!... signed FC.B

Who you gonna trust in a untrustworthy market on Valentines Day?.... FC. Bernanke of course!.lol...The man blew a kiss and the market caught it big time..every sector got a big wet one from Fed Chairman today!  We won't bore you with this as we just react around here and let others digest and dissect all of this.  All we know is the contenders come out and play and the pretenders stay pat.  It is days like this that you fully understand if you should cut the laggards ( if you haven't the last few days).  If your stock didn't participate today or even yesterday, you are trailing the market.  Today proved the majority of DJIM stocks have been the right play, many toyed with new highs or just had nice action days.  Here is what was in the Box of Chocolates....the spiked ones first

TRT, well excuse if we didn't have time to wrap this one've talked about the lack of love TRT might experience and the reasons why this time around. This is why we had the starter at 13.50 and said we want confirmation over $14 before adding. Well...things changed a bit today and so did our thinking.  Seemingly no one else was connecting the report of the semi AMAT to TRT.   You know,  if you punch TRT competitors.. AMAT is a name you see.   The thinking was simple.  The semi's gap and TRT is sitting in the mid $13's with 30K volume only after stellar earnings.  HUH?..Just like CENX yesterday to a degree, this was a secondary play today on semi's and it was not participating.  We thought this wouldn't last but we didn't expect the rush of 300k plus shares to come in the last 2  We added as soon as volume doubled from 30-40k time mention and added all the way up before taking some off end of day.  Considering all the time in the world was had for DJIM members to buy TRT since the report, including today under $14.... we can't say we'll be adding in the morning and maybe you should hold off too.

HRBN was the other stock we noted today at 12.70's made a NCH.  Yep, its the same Herbie we introduced at $10 and the spike to 13.70 the next day.  Well, hopefully it got that exuberance out of its system and can hold its gains.  Whatever the case , the China stocks look better as the FXI stabilizes and so we thought we'd go with the small gap open after yesterdays reversal.  We noted the big bids in alert, either this gets taken up into the conference HRBN is at on the 19th and/ or this bidder turns to seller on any bigger ramp up.  Hey, it's a market!

So those were the sweetest gainers but there was more in the box...

USAP made new highs, we have talked about this all week and today was the result.  MFW which reversed along side USAP the other day also finished well.  ENR BW VE OEH CGX HXM all put on a good show. We released most of our VARI as it seems tired and didn't participate.  A nice run for VARI and we'll be back.  It is best to release into a high quietly, nothing beats it after such a walk up since earnings.   So what you have is a bunch of stocks that performed well in a good environment, if you have ones that didn' most likely have a true laggard..a laggard is not ONXX that needed to rest after huge gains but an ALGN which can't bust out in a perfect storm for a stock that had its sight on a break.    Simply, you want to be in strength and not in stocks that make you have sleepy money.