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YourPersonalTrader- Toronto Canada/ London UK

 

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.

· DJIM bridges the gap between the retail-investor / trader and the institutional players by filtering out the noise, abundance of information (good or bad) generated through the media/ Internet.

· Our daily Journals encompass our trading methodology allowing you to interconnect with us by ‘Shadowing’ our trading platform watchlist. A 'Shadow'list of 50-75 stocks is tailored and fragmented (outperforming SECTORS, MID-SMALL CAPS, EARNINGS/ GROWTH (EPS) linked stocks, IBD 50, MOMENTUM STOCKS) to gauge single stock action and the broad underlying market for SP 500 direction to go long or short. New plays (stock/sector) are added, especially during earnings season through Journal updates.

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Entries in RVBD (2)

Wednesday
Apr252007

...streaky

It just happens that writing a Journal keeps us in line to our methodology's of trading. We all need reminders. It is very easy to stray from your niche or your usual ways....you might see a headline or hear a tip from another or two that makes you want to jump in and see what all the ruckus is about.  At the end all that usually does is tie up cash for most and not allow one to get back into a niche play as soon as they would like or at all. This brings us to what we've been prepping ourselves for and hopefully you.   Simply... that is having cash on hand to chase the DJIM niche, earning plays for opening day(s) and not be stuck in laggards that have 'watching paint dry' action.  So far the action is hardly disappointing as we've hit another streak this month with SYNL KRSL TRCR..back to back to back.  One more today and we'll be the Red Sox from the other day!. This is prime example of having money on hand to be able to go hard after a few selective plays,  especially when all the stars line up and you having stellar earning and/or chart to go with it and momentum flow.  Our full attention has been on these 3 stocks but now or even yesterday, one should never forget to do what is right!.   That is to take profits, some or all depending on the days, speed of the play.  All that means is a TRCR was still lased up at the close, while a SYNL KRSL have gone up as much as 5 and 3 dollars from our alerts in a few days. So, yes we have been dwindling down our positions in SYNL, KRSL in a orderly manner.  Early this month, we were riding the JSDA,TSL,UXG etc train.  Our stop came and we got off expecting new plays to emerge.  We wave goodbye and say see ya' later. This week we have new plays and need to say see ya' later sooner than later after the gains produced by them.   Simply, as good as having money ready for EPS season, it is vital you free up cash during earning season to go after the next batch of plays or just one dazzling play.   We are just getting started with small-micro cap announcements, so don't forget the first train is the one you want to be on for the best profits.  The first leg is usually the fastest and most profitable!.  You can catch a connecting train later and have the same seat as before by recycling a play.  "TURNOVER", is the key now.  Use a play, but don't abuse it.  This could mean if we get $14, give or take a few dimes from our first buys AH $11.40's  Monday on TRCR...we would be following the same methodology described above....

A few things...

DXPE and its results.....very tough comps to beat for it this Q. Still it did it,  but probably not enough to get the crowd wiled up. We will watch the reaction and go from there.

RVBD, we might prefer this over DXPE, $33's might have some congestion so we will see how it plays it out.($32now). We will play accordingly if we see it has potential to smash that level or if it does.

SILC, we said this might be number 3 after DXPE,USAP for a pre-earnings run and it didn't disappoint yesterday breaking out to 24.70's. We traded the move and now wait for its call this morning to maybe get in again.

TRT, a few can't get over this one.lol..we put it up on watch the other night and it produced a nice return yesterday for some here (10%). At this point, we prefer to wait on there sneaky mid day possible earning release to possibly play.

MFW GLDN BW RCCC USAT TNH MTOX ATR, maybe a few others round out what we are watching or playing in smaller sizes.

 

Wednesday
Apr252007

TXN, AMZN, AAPL...

There definitely is a pattern going on.   Big tech stocks delivering good earning and pushing the market up along the way.   It feels good out there, especially for those co's that have delivered optimistic news, earnings related or not.    This is good news for everyone.    When market is in a good mood, it's just much much easier to deal with everything else.    We don't necessarily have to trade THE stock in news such as AMZN or AAPL, but we can take the advantage of the rosiness of this market to tackle other stocks that we are familiar with and in our niche.     There have been tons of small caps releasing earning these days and with the help of the generosity of this market, we can sure capitalize on some good stuff out there.

First of all, you have to make money on a day like today.   What we said this morning was vital to tackle today.  If you aren't, then there's something wrong with your holdings/strategy.    What's a cure?   Dump the laggards and get into the winners.   Yes, it's that easy.    For us, we only fall in love with a stocks action, never the stock itself.   So if a stocks action gives us headache, we cut it and move on.

Earnings play!    We have stressed enough times that a pre earning run is merely a PRE earning run.    Holding through the earning defeats the purpose of playing the pre-earning run.   This is not a complicated concept but a much useful discipline for DJIM traders.   We don't hold into earnings, period. We just play earnings.  There are quite a few earnings related plays today so we'll go over some of them...This morning we gave our strategy to a few names we'd closely monitor for a potential play...

DXPE, earning came out last night and stocks action delivered today.    What may cause this is the possible fact that the stock did NOT have a typical pre-earning run-up prior to the announcement.  It just had a fews days sandwiched between a so-so day.  The stock price pretty much sat in a flat line since the last earning report and this time it just jumped much like last time.   Like we said before, seasonality factor favours DXPE, BTJ kind of stocks going into the summer.    The action today only further confirms our thesis and we bot some during today's run-up. Our approach was to watch tape, the market reaction after the bell and "go from there".  Soon, it was clear the crowd, the market wanted a piece of DXPE.

RVBD,  "We will play accordingly if we see it has potential to smash that level or if it does". Well as it happened, low $33 area was attacked and we entered into this play. We are not chartists, but one look at the chart today showed and area of tops from Dec to March. Our 'charts for dummies', handbook said if it takes this level, we'd like to play it. The factor of a hot tech market made RVBD an easy choice today.

BTJ, much like DXPE, this one did very well off the earning.   Mood is very positive for this sector and we have no reason to doubt that this one can run much further.     Float is small with this one and it doesn't look like it'll give up its spot on IBD100 list anytime soon. 

What did these 3 have that SILC didn't?. A mixture of sequential growth and good guidance, something SILC didn't.  If reading numbers isn't your game, let the market make the deciding factor for you before you enter a trade.  Simply..you want to be where there is a influx of money going in..not going out. The easiest way to do so is WAIT!.  Also, it is not just about reading the headline numbers.  If that was the case we'd all be buying EML today!

SCHN, oh how we like this steel earning addition to DJIM. Closed up another 6% higher. This is up from $45 when first intro to a high of $53.50ish today.

IDSA, this is and old friend for us that came out with results mid day.    The stock caught on fire b/c of the recent surge in scrap metal stocks and whole sector in general.   What got us more intriguing is the fact that IDSA's IBD number 90 90, prior to the report, is good enough to get on the IBD100 list.   Be caution though, this one is volatile and can turn on a dime.    We do, like the risk/reward of this one at this point given the rosiness of the sector, the market in general and the potential IBD fever attached to it.

PAE, this one was profiled in briefing yesterday but we mentioned it 8 trading days ago b/c of its earning, plus a recent alert on a move on $2.   All we can say it is a beautiful thing to sell our stocks into briefing profiles that get new bait for our already discovered fish!.  This one has gone up nearly 50% ( 1.70 to 2.50 close today) since our Journal on it but you'd hardly notice it b/c of its cheap price and with what's going on with all the other action. " 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.." DJIM 

MTOX ROS keep on ticking best. Some others we were trading today in smaller sizes and/or closely watching, MFW RCCC CYNO BW(eps in am).