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!

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.

Spotlight on Solars...

Some of us really wished that the trading day would last just a little big longer today.     Some of us really wished that we would repeat the same day tomorrow.   Some of us really wished that we could've started the day over so we could've better prepared for today's action.   In any case, today's undeniably a great day for the all who have been following today's winners here.   It just felt like payday, a culmination to a few highlighted DJIM stocks.     We definitely agree today was spectacular and did what we could to preserve the outcome.    Here are some of the plays today...

TSL, solar stocks stole the show today and we think this one is by far the best deal momentum wise.   Today's rise may not truly justify its presence since the break out started essentially 23 pts ago.    The question now is how high this one will go and we'll just have to monitor this one closely and with some care.

JASO, the only regret we had on this one is that maybe we should've played it aggressively and from the get go last Thursday.   But that's in the past and we just have to look at what's in store for tomorrow.   This one had a pretty big 3 day run-up which we think is not sustainable and a pullback could be imminent.   The only saving grace is that if the whole group gets some crazy momentum again, then the pullback may not come right away.  If a stock doesn't get a pullback, all you could do is go with the momentum, especially if a whole sector is running as was the case early and often today.

FSLR, in terms of percentage, this one lagged behind the others.  Funny to say when a stock finishes 6% up.  Nonetheless, this one pulled a NCH(new closing high) and we are expecting some follow through for tomorrow.

SOLF, lastly, put this one on the list too even though this is nothing more than a sympathy play. Glad to see this one pop for a few of our readers who have kept up on it.

JSDA, we were actually a little worried about this one's action today as it seemed a little climatic, or toppy as some would call it.   We are not saying that this one is done by a long shot, merely suggesting that a pullback is desperately needed.   We think that odds favours a pullback here so we let go most of our shares.    This one is heavily shorted so we think any pullback will be violent but short lived.  Of course, we are using the chart to determine the outcome as it rolls along.

URZ UXG, we took some off the table but added some URZ later on today.  Many are trying to call a top to this Uranium bubble.  We'll keep blowing air into for now.

SILC, we added some today to our buy in late last week. A NCH here

A few more to keep on top your play/watch list tomorrow...

EML, we put this back on watch a weekend ago because of the potential DOD contracts in '07 going to Armor Holdings.  Today, it closed with a NCH and got a little volume.

CYNO, pulled off a NCH, lets see if it holds here before adding.

RCCC FCSX, both of these we added to our watchlist today and are eyeing for a pullback for an entry.   These are earning plays that have had a great reaction.  With the big winners the past few days, a few earning stocks haven't got the attention from us that they deserved.

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.

Phase III

It seems much of the extreme trading has been around the little biotechs lately.   Traders are just obsessed with phase 3 results.   Or are they?   In our opinion, do traders really care about the actual potential of a drug that may or may not be approved?   In the time when a stock goes up 300%+, is it even relevant to calculate the realistic valuation of such a stock?    The simple and short answer is, No.    We traders merely use an excuse to enter a play and trade a stock.   This is much like chasing fashion trend, whatever is hot out there, we are gonna dig it and try it on ourselves.    Let it be solars, let it be phase 3, let it be earnings or other stories of importance, it's nothing but an excuse for traders to compete against each other to take advantage of a misplaced supply and demand.    These days,  phase 3 results get people excited.   Stocks can be traded to an astronomical level intraday and this is a phenomenon we can not ignore.   Of course, we still have to apply discipline and good trading tactics in order to approach these plays properly.

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. 

Other than AVNR, there's really not much excitement out there, a bunch of possible breakouts that end up failing.  If there is no momo, forget about it today.  It's B.S!.  Solars are resting and most of other plays are just consolidating as well.    As traders, we are treating our job very much like a competitive game where the ultimate goal is to win and profit.    We try to be flexible and pay attention to what plays are working out there and get our foot in those games as early as we can.   The bottom line, the more frequent you win, the more profit you pocket from this game and less stressful it is.   After a long while, this game just gets more and more fun and much easier to play.

Phase II, III, whatever Phase it is ...there is a chance to make fast money if done right.  We've had two nice trades out of 3 on these this week.  PGLA was a dud at the open,  DYAX was a potential 5.70's low to a high of 6.90 at the open and today was AVNR, even if at alert a possible 4.70's to 5.50's.  For traders those are big wins of 15-20% in minutes if not an hour at the most.  Easiest thing is to start small if you want to get in early and cut it if doesn't click with the crowd.  If it carries any momo you add, sometimes like today you add and add...

Every trade is different in this space and you need to find an approach to them.  None of them react the same.  DYAX ran for 20 minutes for 20%, PGLA didn't run at all after premkt 50% run,  AVNR ran all day.  This is why we say they are speculative dollars at work, but if handled with a discipline can be very fruitful.

.. a sigh of relief

Let's be honest and take a small cap market with no conviction as a winning day today.  This is because we were opening today to a sell off in overseas markets due to rate hike speculation in China and a 4.5% drop in the Shang'.  Here we go again...February 27th!....NOT!.  As earnings reports step up in numbers, it is evident the market is waiting for the techs to come in and push this market higher.  So far, they are clearly not serving up as a catalyst for this market.  We need something soon to get out of what feels like summer trading to us!. 

Deal with what you're given and try to make the most of it...even if it's a AVNR!.  A trade is a trade, money is involved to make more money, so who gives a hoot if some stocks are of the paper bag over the head material.   As long as you use the same trading discipline but with a little extra care, even a $1 dollar stock can be the only win you'll need all week or month.  There is not much to say or do we want to say more about it, except it went just like our gut told us this morning with a 20+% pop that was there within minutes after the bell.   Speaking of paper bag, this one got ugly as it threw up in one when it cracked yesterdays support at $5 and closed under $4.   Like we said in the forum, we didn't give a damn or give a damn about any stock that goes nearly 50% in a few trading hours and try to find another entry.  Those looking for another entry today are mostly those that missed the train.  We usually bet the first train out of the station will be the runaway.  That's the one you want a ticket on!.  We turn our back on such plays after such a run and so should have anybody that got in on DJIM's alert in the afternoon yesterday. The risk is not playing a $1..2..or 3 dollar stock.  It's not knowing how to play that is the risk.  Hopefully, we covered this type of play enough last night for future speculative plays that come across DJIM.

Last night, we noted that there a few too many stocks with a chance at breaking out but failing to do so.  Today...just before 1pm, we noted we'd be looking for follow through later in the day to add positions in FCSX and RCCC.  Clearly ...this did not happen as both started to give up their gains on the day soon after.  You can add these to the ' a few too many ' category.  Maybe they should just give up now and pullback ..really pullback.

ATR, this one pulled off one of the better reports so far this Q.  It had everything... a beat the street, a raised guidance and even a 2-1 split. This type of stock falls into the ABM's of the small cap world, we don't expect it to be a runner, but potentially a nice stock to accumulate in a good market as this is 90+% institution owned.  We got a starter at the open and will add if it performs better than last Q after day 1 earning. The split might just give it more upside in the short term than last time.

USAT, this was our only other buy coming late in the day. This one has held up quite well since we into'd it April 9th. Todays...POS news launch just happened to coincide with USAT kissing the 9ema for a few days. One couldn't do it without the other today for a NCH move. We'd like to see more volume come in to make it more than just a trade for a day or two. We'll see....

This is not the time to jump right into a play because your book is thin.  Be patient.  It's hard, very hard after the explosive runs we had here in JSDA, TSL, UXG and more.  Don't trade for the sake of trading, trade for the sake of making money.

DJIM #17 2007

Last week was quite the interesting week.  We go off to a fast start as our closely followed from the previous week struck new big highs come Monday..TSL $68.9, JSDA $32.6, UXG $7.17, JASO $28.30.  What followed was our noted exit before the downdraft began for these plays, which included a few D-grades of note we alerted to Tuesday premkt.  In regards to D-grades, we've said many times we prefer to move on when we see these hit the wires.  Yes..even if your stock wasn't D-graded but is in the same sector, you can expect a sell-off as well.  Especially after a big momo run.  Coincidently, what followed was a few days of boring action in the small caps as the larger caps moved forward.  This action, this divergence started getting many out there saying the market was hanging by a 'thread' or was 'troubling', as the broader market was not playing along.  To us, this isn't some conspiracy that the market is going to implode....it was just boring as we all probably had a rush going into the week off the momentum runners that ran into Mondays action.  Luckily, we had AVNR for a few days to keep us sane ..or is it insane if we're playing these?.  By end of day Friday, we had the large caps confirming the trend, we had the Nasdaq showing support and moving higher on bullish earnings all over the place.  Do we think the bearish mood on small caps seen mid-week will continue?....NO!....if the earning keep surprising!   It's just a matter of time before small-micro caps play along in the bullish trend.   See yesterday note with charts.  Also, S&P Equity research reasserted late last week that mid cap asset class is where investors should stay focused in '07 , going against the grain of Wall street by saying this class will out perform the large caps.   This week as seen in our earnings dates calendar, small caps earnings will start to flood the market and we will most likely concentrate on new names going forward or looking to recycle names off reports. A few small cap stocks came out with excellent earnings last week. These include...

SYNL, its Q1 profit increased to 56c, a fivefold increase yoy and sales climbed to 44.4mln. The report was also sequentially better which shows growth not only year over year, but Q after Q which we like to see.  We didn't feel SYNL was the type of stock to chase pre market, especially as it hit $37.  We simply thought we might get some selling early from those anticipating excellent earnings and holding through, we thought we could get it cheaper.  The stock never saw those premkt highs Friday.  The stock bounced off the recent high, filling the gap and we bought back a position.  Still under a million shares traded, but we definitely like the volume bar it put up Friday and think this could start to trade a little differently than it did in the past 6 months.

ATR, manufacturer of dispensing systems for personal care, cosmetics, food and beverage put out a nice report as well last week that we covered Thursday. A nice spike at the open to $77 before closing up at $75.12. 86 EPS/89 RS #'s.

DXPE, a combo of a favourable chart and the good ole pre-earnings walk up played a role in its 9% action Friday. We are trading this and will let loose our positions before earnings on the 24th.

Steels/speciality Alloy manufactures, we are still holding SCHN.  Other stocks in these groups of interest to trade are RS and TONS.  TONS is for the bungee jumping aficionados.  USAP and its steel-alloy group have a nice chart after a recent pullback.  If the group has a breakout, we'd look for USAP again.

Solars, volume has declined daily on almost of the players. The short squeeze, momo run is over for now.  We have no reason to test the calm waters.  We'll be there when the waters get infested again.       We are also away from the cheap mining plays here as we head into earnings for the smaller names.

Shipping stocks like DRYS have been doing well lately, ISH remains a play too look at.  Very small float here. RCCC, FCSX, ROS, MFW, GLDN, USAT, TNH , some names up there on the watch-trading list going into the week,  but we'd expect new earning names to take the thunder away from the more mature plays in the coming week or maybe a biotech feverish stock or two to be the big plays.

Dow 13K?

Who really cares?   However, the CNBC show has to go on and "intelligent" topic has to be discussed in order to attract viewership.   In all honesty, those who trade stocks for a living don't really have much of a choice but having this CNBC on in case we miss some important headline.   Ok, enough rant here!      Market has once gain showed its inability to march forward and much of the action came from the smallcap land.  With a 91bln bank deal overseas leading the usual Monday activity, we expected more follow through today.  This is a little bit early to talk about but we are about a few weeks away when the seasonality factor kicks in.    Sell in May and go Away!    Ok, so for those members who have billions of dollars at stake, don't blame us that we didn't warn you.  lol   For the rest of us, life goes on and we will adjust to whatever the market environment when changes happen.  There are a few interesting setups today and we are going to go through each one of them....

KRSL,  this one gave us a very profitable trade a couple of months ago and we never take it off our watchlist.  It merely sits in the back of the class until it decides to stand up one day ann makes itself  noticed.    We noticed it earlier today off the news that the co. received a contract(MOU) from UTX.   This is essentially the first good news we've heard from the co. since it reported its last earning.    We'll take it.  It's good to know they will continue to be busy going forward.  The reasons for a move has been summed up in the alert, so we are not going to repeat here.   One thing we have to point out that this one trades very thinly and it can go up as quickly as it can go down.    We got in the $23s and will act accordingly.    Chasing blindly without a plan is definitely not a good idea with a stock like this one.

TRCR, this one reported earning after the close and essentially this is the best quarter for this co.   It beat year over year, also up nicely sequentially.   This one has had pretty steady action since the last report so there's a good chance that it will continue the same pattern.   Although there's no exact telling how the stock will behave tomorrow but based on the AH action, making a new high is not out of the cards for this one soon.  We might actually keep an ear on the CC late morning, or will just watch the action at that time to possibly make another move. 

SILC,  we are going to monitor this one really closely tomorrow because there's potentially a chance for this one to break out.    We believe this is also due to the pre-earning run and eps date is 25th of this month.  Hey, we got one from DXPE Friday and today from USAP, so why not the SILC'ster!

There have been quite a few names that made some nice moves today..SYNL MTOX CYNO USAP. A few of them are the quiet types which include TNH GLDN SCHN GMRK ROS.  We are glad that there's enough action out there despite the weakness from the major indices.

...lets's see what the chips can bring tomorrow off a couple of good reports AH

...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.

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).

Big Point Gainers...

Yes, the good earning plays are being rewarded with big points lately.   It seems you only have to beat just enough and raise the guidance(not necessarily required) just enough to be rewarded a big push on your earning day.    We love it, and this kind of phenomenon brings back memories of the golden days.    Alright,  so the strategy out there is to catch some of these big gainers once it's confirmed that people "like" their report.     How can you tell?    We figured if by 10 a.m.the stock is still holding up well, we'd be start looking for entry point there.   This may very well mean that we have missed the "best" entry price of the day, but it does ensure us that any entry price we enter would give us that much more probability that we can come out on top.   Why?   The big point gainer theory!    Of course, you still have to trade those stocks with that kind of potential.    If one of the earning plays did not give you a huge run-up, perhaps trying a few of them would work out better.    Keep in mind, we are playing the earnings play here, and these aren't the phase 3 stocks or other type of stories where the stories may only last as long as the time to chew down a snicker bar.     With a earning play, even if you get in at high on earing day, there's still a very high probability that stock continues higher throughout the following days if not weeks..if the market holds up, of course.

Bottom line, trading earnings play (after the earning announcement) is a rather conservative yet highly effective method to trade.   It can also be highly profitable if you trade mostly small caps like we do.    Four times a year, with each earning season lasting a month or two, this would be enough to make it a full time job.  With so many opportunities so far the past week, it just proves in our minds there is no reason to hold through and into the earnings call.  We have great expectations of the DXPE, SYNL, BW, BTJ's to announce great reports after trading them for months , if not already years....But this does not mean we want or will sleep with them the night before they give out their numbers/ guidance.  We practise, 'safe trade' around here, you might say on earning day.

Some plays today...

ALGN VDSI,  we group these two because they both shot up off their respective earning reports.    Volume was great for both and both pretty much spent most of their days flat lining until later on.    We alerted these earlier today and we liked the way they closed.   It wouldn't surprise us that they get some good follow through tomorrow and possibly into next week for some nice gains.

SVVS SSYS WST, these ones are much like the ones above and acted well off their earning reports.    We had to buy these because you never know which one of these will become a great runner.    What we do is keep a close eye on the strength of each one and add/reduce according to their action.    Basically, even for a small size, we just can't afford not to play them.  At todays pace , plus with the usual suspects rocking SYNL DXPE BTJ, we don't have time to do much if any DD on these new names.  We are trading the #'s and action.  We consider them secondary plays at this time and will choose the best in the days ahead to go forward with.

BTJ DXPE, wow these two had great follow through today and especially BTJ.    This is essentially pure momentum at work and we won't argue nor mess with them.

SYNL TRCR,  both notched a new closing high and in the case of SYNL, momentum seems to be really high and we are curious to see how high it goes before it stalls.  The last 4 are definitely the primary earning plays here.

PAE, wow we didn't even think this could be such a huge gainer(% wise) after we alerted it days back.   Of course, Briefing helped our cause but nonetheless the company PR machine is at work. Today, a deal with Sony Entertainment got the name out further. This is just getting too impressive and we'll keep trading it even after selling a chunk off this week.

IDSA,  it might be too cute to think that this one can get onto the IBD100 list with just 2 days left.   Well, technically, it's still possible given the float of the stock and volatile nature of this beast.    What we like about this one is the fact that the sector it belongs in is very hot and coupled with the general rosiness of this market, it's just not unnatural to run this one higher.   It does have good enough IBD number to get into the top 50 at least and we feel it's just a matter of time before it gets added to IBD100 list, provided that it can consolidate around this level.

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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See preview section 2006 for the layout inside DJIMstocks.com.  (navigation bar to the left).  See our Archives for the plays enjoyed in `06.

To join, use the SUBSCRIBE link. We will have you up and running within hours to enjoy the rest of this fantastic earning season!

Happy Trading!

DJIM #18 2007

NUMBERS, NUMBERS...there's the ECO. which include numbers of the crumbling USD, the poor GDP# number released Friday, the poor housing #'s and then there are the EPS numbers which are fueling the market with money that does not want to be left out of a bullish party.  Which numbers are we concerned about?.   The answer is easy as hot money keeps flooding the market, everyone is chasing the EPS numbers of the giants and now the more speculative, smaller caps instead of worrying about all the eco numbers and what they could be pointing to.  If we had millions, billions maybe we'd be concerned about what the eco numbers are pointing to and that includes slower growth/EPS numbers in Q2 and beyond, instead our goal as always is to capitalize on what we are given today, tomorrow and taking advantage of it fully. Go hard or go home is the premise here recently. You will not need to go hard or stress later in the year, instead you might go on a extended vacation if you are capitalizing on this bull run we are experiencing.  Simply, companies which are producing results, giving a good outlook are being rewarded big time. We can't ask for anything more as this is DJIM's niche!...So enough of the banter, lets get the nitty and gritty and that is the stocks we have our eyes and hands on..

IDSA, we discussed the possibilities of this beast Wednesday night and Thursday we all had a chance to accumulate in the $12's. We are patient and wanted IDSA to maintain some integrity by not finishing the day over $15 and then be prone to a sell off Monday if it was included in IBD so soon.  When we started buying Thursday, all we had hoped for was a decent finish in the $14's come Friday.  IDSA did turn out to be fun, even if an hour or two before we thought on Friday and made a couple of tries at and over $15.  We anticipated a roadblock of sorts at 15, it wasn't major but you have to understand many were happy to get out here knowing many are anticipating this level.  We did some selling in this area as well, 20%+ in a few days was sufficient for now.  Don't forget many got in even lower Wednesday on the results and were willing to sell around $15 for even larger gains.  We are glad to buy any dips and now look forward to IDSA having 5 full days of trading to rock $15 and beyond. The best it could have done Friday was finish in the $15's, but with a week to do some damage we think it has a better chance to go into the high teens in a somewhat orderly manner.

TO, easy symbol, brutal name Tech/ Ops Sevcon..hey but with a 2.2mln float and nice earning you could call yourself whatever you want!. This one has a string of EPS somewhat similar to TRCR with the last being in the mid-to high teens.  It also just put in it's first 10 mln revenue Q like TRCR. There is also 15% institution ownership with a few names we are familiar amongst the holders. This gives this unknown company some respectability. We feel with fast money back in the market chasing an IDSA or two, a play like TO should get some interest in the week ahead. You don't if you don't try!

CMI, guess we'll look at this again but after giving a ride from low $90's to $107 off the opening bell, you'd have to think you are not going to match that any time soon.  So why bother going back right away!. The co' beat expectations and gave a rosy outlook.  That was the spark to ignite what we thought would be a nice short covering in the morning.  As we noted in the forum that morning...more goes into finding a play than the headline numbers in many cases.  It would be too easy if all companies with excellent numbers did the same thing.  CMI had a big run recently due to M&A rumors, these rumors evaporate most of the time and this idea brings in shorts expecting the stock to come back to reality.   Nothing like a kick ass report to get them covering in a hurry.  This was the idea behind the trade for a early morning move.  Anyways this was exciting and you could put this one with the MFW's huge day recently when we gave out a play with something like 20-40k volume before it exploded to record volume and big quick gains.  If you're not pocketing these types of gifts and moving on or recognizing them as an opportunity to jump in as soon as huge momo comes in.... something is wrong.  Also, if you're still scared to buy expensive stocks get over it.  These expensive stocks present incredible opportunities.

VSEA, a semi beat by 3c and guided higher. Not big fans of Semis here for the longest time, but with market the way it is we need to diversify some and see what the bigger names are capable of.  Besides, this one was a nice chart heading into earnings and this weekend moved to #4 on IBD. A few firms already reit it a buy and boosted price tgts.. We bot late, low 69's.

MFW, a familiar name we bot back Friday. It kinda pissed as off as we only had a few shares and were ready to add for days $60-62 and now had to deal with a sipke at the open to as high as $68.  Well..at least we know the Perelman money was smarter than us by picking up $12mln at $60. We like this kind of news and bot mid day off the pullback.

TRCR , quite the nice run in 4 days. We said we'd be looking to sell some if it reached the 14 area. Friday it was 3 plus points over our alert on it and we booked some profits into the weekend.  Nothing wrong here, just the right thing to do. We'll be back.

SYNL ,what can we say about the last 6 trading days, except its a pretty thing. We're all probably enjoying this move.

DXPE, was a casualty Friday but you don't need to be one.  Past knowledge of DXPE volatility puts this move into perspective. It's nothing but profit taking off a 8 point move. One way you might avoid more damage than you need to is set a mental stop in the area of the previous days long stick around that days low and or open. This is not a hard rule but if you had this point in your head it might have saved you a few points Friday. For us as full time traders it is of course easier to exit, if you can't deal with these types moves it is best you stay away...or you just accept them if you like the story and stick with it through the bumps in the road.

A few names for the pillow are acting well, past and present....VE hit 83, HTC near $24, CPY exploded Friday to 60's. These stocks have never seen RED, as in lower than our initial DJIM buy in's ( VE-$68,HTC-$17, CPY-$43) besides returning 20%-40% profits in months.   You can't beat that for a safe crawler. We try to give a bit of everything to satisfy all tastes.

One discussed in the forum early this week kept going creeping up and that is TWIN. ...... Remember SYNL EML were these pillow stocks when first intro'd here.  We can't discuss these much as they trade so thinly day after day, but for those of you with a longer term view on some of your positions these have been or are great stocks so far for under the pillow. An extra screener for these types is best to keep track and visit.  ABM, has pulled off a NCH and a nice weekly chart as well.

Rough day in the office?

Or could this be one of those slow moving, low volume, nobody is in the mood to do anything kind of day?     We think and feel it's the latter.   Even though some earnings plays have pulled back from their Friday's best levels, it is understandable given the weakness in the overall market.   People are allowed to take profit in this market, we suppose..we do and that's why like to be aggressive when the going is good as in the past weeks or two.  Makes selling easier on days like today.  The good thing is, no matter how you spin today's drop, there's no sense of panic or anything close to it.  The best eco number came out today.  After the GDP, many expected this deflator number to blow.  Instead it came just where the Fed would probably want it to be.   Earnings winners are still earnings winner, it has really been only 1 or 2 trading days since some of them reported.    The key for us here, is to stick with the stocks that have reported good earning according to the general public and trade it on the long side.

For now, lets just take this market one day at a time and try not to jump into any conclusion on what may happen the next few days or weeks.

NGA,  this is a classic gap up off the earning play.   We have played this one a few times during the past year and this time is no exception.    The only difference this time, is that the stock traded on literally record volume off this earning report.   To us, this may be a character changing event for this stock.   Is it possible that institutions may give it a legit valuation lift?    We think it's possible based on the stock action today and the overall mood in this sector.    Of course, nothing is for certain but in this case, we give a high probability that this one will build strength on today's action.   Remember the $10 rule for some funds?    We actually bought heavily into today's rise and looking for further strength in this one.  We expected this to sell off after we noted it this morning, the volume was less than 50k and the stock was up 25%.  There is no need to chase as was the case with SYNL recently pre market. This is why we say we watch carefully. Just like SYNL..almost....this opened lower than the pre market high...50c or more lower.   If you believe in the numbers of a co', this is your opportunity to buy lower or wait for confirmation this could be a move higher.  Simply, you wait till the stock shows strength and climbs from low 9's in this example to the premkt highs for an entry, near/above $10.  This is boring to the traders with us, but those less experienced now have two cases of not jumping the gun and getting a nice ride later.  

Q1 EPS of $0.28 vs $0.13 in yr ago period; revs $23.5 mln vs $15.4 mln in yr ago period

TO, you can say that it has outperformed the market today, and you can also say that it closed too far off the intraday high.   We say whatever the case, this one is being discovered more and more by traders.   Once again it made a new high and this will only attract more traders/institutions to take a look at this one.    Of course, without good growth/number, we wouldn't be looking at this one.   Lets just keep our fingers crossed.  We gave this Friday with a half hour to go in the trading in the high $9's, sometimes we are quite surprised some readers are buying high $10's-11 the next day.  If you miss a first leg, sit back and wait for a pullback.   If it gets momo and doesn't happen for you...move on.  There will be others.  Just don't chase as in this case 10-15% higher, if the volume is not momo style.   You need to differentiate the type play and not worry about a pullback from $11+ but learn to accept it.   An IDSA is not a TO,  a TO is maybe a USAT.

IDSA,  4 days till the next publication of IBD100 and we think the odds of this one closing above $15 is very high.    Of course, when the market is down 32 pts, some players will get skittish and cash out.    We are adding some here but not too aggressively.  We blinked today as some cream of the crop decided to place a market sell that took the stock down from 13.60ish to 13.00 in seconds, we think... .remember we blinked but the ladder down was clear.  We guess the panic one thought the roof was caving in on the market and the house of IDSA would crumble with it.   At this point the stock was showing resiliency late in the afternoon,  but one or two crack heads messed up a nice picture somewhat.  We cleaned it up there with others in the low 13's.

Other than some minor pull backs and potential NCH plays that evaporated with the sliding market as eg SVVS we were looking at for more,  we didn't notice a major breakdown in most of closely followed DJIM stocks other than the solars.   You can say, "stick a fork in solars."   That sector looks "officially" done for now and we'd caution people not to be tempted to play for a bounce.  Most are below 9ema, short term support and definitely are of no interest to us still...so don't ask;).    But this was the drift when we were selling the 16th of April the most recent run, the following weekend we said, ... "Solars, volume has declined daily on almost of the players. The short squeeze, momo run is over for now.  We have no reason to test the calm waters....We'll be there when the waters get infested again....."April 22nd.    Hope you've followed...

A few AH blurbs..MTRX going in SP small cap 600, May 1..we're sooo proud..lol.  A recent name here, GMRK ( Gulfmark Offshore), put a nice report out tonight, 19 c better.

Market pulls itself up...

DEFIBRILLATOR anyone?. We're thinking of having one on hand for the new members..;)...Those that have been with us and trading these types know there is no great reward without a little heart stopping activity..lol.. ..In regards to the market tone, if we get scared, we'll tell you as we always have by issuing an alert like in February. Right now everyone is trying to say the market is over bought and bringing in the seasonality factor to scare you out of your positions.  If they are right.....FINALLY!.....and they've been trying for months, we'll gladly go into cash and withstand the punishment others might start to feel while being very selective in our plays.   As far as we are concerned, we go day by day and a pullback eg. on the NASD to 2500 level would be nothing but the perfect retracement to go higher.  If this level breaks down on volume, we might be issuing that alert.  Also, this is earning time and we will have new plays to come even/ if in the worst of times in the next month or so. 

On to today...

It's actually refreshing to see that market did the opposite of what it did yesterday.    That is, instead of turning lower, market managed to turn green later on in the afternoon.     Again, we can't really draw much conclusion from this move.    It's actually been a very mixed day, when it comes to our DJIM stocks.   Some stocks were hit earlier but managed to reverse and closed well but a couple of stocks did not seem to be affected by this market, one way or the other.     We are keeping our eyes on all of our recent earning plays and will decide to see what sort of action we'd take on them next few days.  

TRCR, this one actually bucked the trend earlier and stayed strong throughout the day.   The action today actually surprised us a little b/c we didn't expect fast momentum to come from this one out of all of the plays we'd covered last few days.  lol    We are not complaining though.   However, it remaines to be seen if it can get some serious momentum.    We do prefer a slower and steadier move with this one though. We sold most the other day and are only trading it at this point when a possible move is seen.

NGA, wow this one is volatile, to say the least.    We do like the ending action though.   Basically, it gives confidence that people are still very much into this one.   Hopefully this one consolidates a little here and forms a strong base so we get to much higher prices.

IDSA, is another that held up well today in the early going. Volume has been low the last couple of days while holding these levels. A good sign as potential sellers seem to want to stick around and see if this makes a run late in the week for IBD.  It won't take much to push it from this range over the hump.  Notice the last 3 days on chart, you can almost draw a perfect triangle > with today's close at 13.50 right in the middle.  Basically, the range got tighter today and something has to give.   A few of the things mentioned above makes us think this will go higher this week.

ALGN, this one battled back from yesterday's weakness and it's very close to a new high.    We are looking to see if some of the other earning play can pull a similar move within the next few days. Hey, if you got a think for teeth, there is ADPI today.  We like but want to see what the secondary earnings names we've mentioned have in them first.

BTJ, this one is being like btj.   We just need a strong stomach when it comes to dealing with its moves. lol.   We discussed DXPE the other night, BTJ is no different and same rules apply.  If you are starting a position the last few days, you are only trading it and should be jumping further in these moves. 5 pts off low today.  If you bought the earnings and like the story heading into the summer, stay strong....if it's not in you....move on.

The last few days we've had some intraday swings in the market, potential plays either don't materialize like yesterday or some get more juice like CPY did today...so take them as what they are and that is leads, keeping in mind the overall market conditions.  Simply the chance of a stock breaking out as it nears a playable area is thrown out the window (like SSVS approaching recent highs), if the market panics and reverses as we saw yesterday.

CPY, Sunday we brought it up because it exploded Friday to new highs.  Today you saw the significance of updating your screeners with stocks near highs.  Today's range was 57.51 to 66.62 on volume surpassing Fridays...9 potential pts worth to play inside of. This is a lead that materialized at 2pm as it popped another 3 pts after our note on it.  Something is up here, we don't know what but it is bringing in momentum.  We're trading it in small sizes today. Speculation can die off quickly so care is needed here.