Is it Friday yet...

Now we know where the Bulls are refueling these days to push this market higher and higher...by the looks of it is at BWLD and CMG!..lol.  We won't go further tonight on the indices as that pretty well covers it,  we've bantered enough the last few days about remaining Bullish.  The favorable bias returned yesterday afternoon and continued nicely into today.

CPY, the incredible run continued today with a gap open of a couple points and a dash for $79. Yepper, thats about 22 points since Sundays note on it...or 16 more points to play within since yesterdays alert note.  Either way you slice it was time to get out of this ride.  We said something was up last night....somehow, the news today of CPY buying up another co' in bankruptcy for 100mln today doesn't totally gel with us for the rocket trip.  We say this only because when we had this here in the low $40's there was some quiet speculation that CPY was going to be taken out.  We'll give it a breather and watch if it can do more...but with 700k volume it could have blown its top today.

VOXW, we knew from watching this trade previously it could be a wild ride and therefore gave a warning of sorts. The reason was evident in the first 5 minutes of trading as it went from $4 to $8, lol.   Once the rush was over, it actually traded well and gave plenty of opportunity to buy between $6-7 before a trip to nearly $9.  What we knew about this company was its tiny float and it's ability to run.  Many probably looked at the Yahoo line and thought it had 6mln float and so it is probably still passed by some.  We think the float is 1/6 of that or so.  Throw in this line, Q1 EPS of $0.10 vs ($0.34) ir yr ago period; revs $3.62 mln vs $1.87 mln in yr ago period and we thought we had one for the traders here.  It actually calmed down and stuck to a range most of the day without any big sell off on profit taking.  We traded it and kept some end of day and we will monitor closely if it has some legs or not.

MA, every Q we talk about picking this up, this time we did with idea of getting into the 130's with it.  We expect more than a 10% gap with it and think it will squeeze to 130's as it's more than 10% short.  The report was a blowout but of course the shorts will look to the economy prospects to try to knock it down.  Hey, if BWLD and CMG still take MA, we'll take some MA for a starter.

ADPI, noted last night, showed it's pearly whites today for another possible 2 point day.

What you have now is new earning plays taking center stage while ones as recent as last week are consolidating their early gains.  So be on your toes for fresh names every day.   Sooner than later, the earlier names will begin to move if the market keeps humming along.  There was excellent action in small caps/ RUT today, but a few names we are holding didn't join in.  Not the first time our DJIM stocks behave like the Black Sheep only to come out strong the next day...we'll see if that's the case with IDSA, NGA...maybe they just have a IBD attitude problem and want to play on their own terms.  We do think for the most enthralled by these to understand you're missing opportunities if this all you have now.  We know the crushes some get on high reward plays with speculation of IBD attached, it is also never a bad idea to not forget the risk still attached to these trades.   If you've been asking all week, "Is it Friday, yet" because you're waiting for IDSA to move, you might be heading for a disappointment come Friday 4pm with some opportunities missed in other places as well.

It's still not Friday....lol

We are definitely a bit tired from the trading last couple of days.    For a little while yesterday, we were wondering why some of the little ones weren't participating with the recent market move.    Well, that was no longer a concern early on today.   Like we said last night sometimes DJIM stocks like to do it on their own terms and "come out strong the next day" after a day of non rally participation.  The little ones, namely NGA 17% to high of day and IDSA 16% to high, both had very good days...no sorry... excellent days! and we are just glad they are behaving exactly the way we wanted them to.     What we are also being amazed by, is the resiliency of this market.   Earning plays, as long as they beat or guide up, are being bid up aggressively.    We haven't seen this much enthusiasm even during the winter quarter.

Whatever it is,  both institutions and retail clients are making money in this market.    This is a good thing.    We at DJIM, try to play a little bit of everything and try not to exclude ourselves from any potentially good opportunities.  This is also because we have a diverse group of members/ traders.   You'd see us playing a $100 stock as much as a under$10 dollar cheapie.   Why is it so?  We just can't rule out any possibility that a $100 play may give u as big of a bang for the buck as a $9 play.     As for our readers, we'd try to give as many heads up as we can regarding various good plays based on our experience.  Today, we tossed in a scalp possibility in GTI, still a earning play for traders tossing nice dollars and sizes around. This was a 2-3-4% possible trade.  Experienced traders can recognize the action and decide when to go in and out quickly, so a lead is all that is needed to something that might be playable.

Now lets get to the nitty gritty of things...

NGA,  small stocks attract the most attention and it's no exception at DJIM.   Briefing had a little profile yesterday but we wouldn't call it a most optimistic summary.   In any case, the stock rallied hard today and action today looked inevitable based on previous days' action.    What's driving this is the possibility of an IBD100 inclusion.    This is still quite a far way off.   However, as long as the attitude and mentality is to trade toward $15 level, we'd know exactly what to expect and how to deal with it here.    This NGA, also had smells of institutions stepping in, based on volume.   Whether those institutions are hedge funds or mutual funds or momentum based short term funds, we don't care.   It IS in play and that's the way it is.   We just have to take advantage of this liquidity and trade it in sizes.    Oh yes, trading in sizes does matter a lot in terms of potential profit and losses.     Generally, when a stock has strong momentum and trade in liquid fashion, we tend to take on bigger size and ride them higher.

IDSA, so what's next?    Hopefully, some of you have locked in some profit from the previous days' accumulation.  We're sure most would have been happy seeing mid 15's by Friday close!.   Why sell now you ask?  We say, why not?  We've been saying 12-13's are where we are buying for days now.  If the whole point of playing IDSA at this point is IBD100 theme, then you can't help but to think that the end might be near once it IS included in the list.    If somehow the trading characteristic of IDSA changes after the IBD100 inclusion, then we just have to change our approach a bit and trade accordingly.    For now, we are treating it as just an IBD inclusion play.

MA, wow is a good description and this is the reason why we are playing some of these 100 dollar stocks. Up 7% or  8 pts since yesterdays buy in. We added some early today on its strength and  are looking for further upside as long as the market is in a good mood.  We got what we talked about in the Journal and have decided to hold and add more despite it hitting our target of getting in 130's!.

SPAN, we covered this buy-in pretty well in Alerts section and we are very happy with its move to $26 today and about 5% off the Alert time. We knew about this one for a while but the action was too slooooow. Now we have had 3 consecutive days of 90k+ volume up days and this stock must be getting on some screens and being discovered as an earnings gem with a tidy mini float.  Still, don't forget stocks don't go straight up though for days!.

Anyways...Great day whatever you are trading here! ....A few for freaky Friday below..

DNDN, timing is really everything when it comes to this one.   Some of you can argue that you had this one in your portfolio for days and you knew it's gonna go up all along.   We say that's just as fine.   But to us, we used the capital to played all those big point gainers while some ppl are waiting in the flatlined action from DNDN last few days.   No biggie, it's just opportunity cost.   To us, we wait for the right moment and strike.   We struck today late and have held our shares overnight.   Hopefully we get some good follow through tomorrow and ring the register.

CROX, this one is almost sure a gapper for tomorrow and we bot a couple in AH just so we are in the groove as well.  The guidance is just crazy!

Also a small position in CUB at the close to test out the waters.  Maybe this blowout number gets some upgrades in the next couple of days and breaks recent high. It's not flyer, but they all don't have to be.

DJIM # 19 2007

" Go hard or go home", off last weekends Journal held through and true this past week.  Opportunities are abound and this recent activity has been the time to take advantage of what we are being given by the market gods and what we are giving you.   We look forward to more of the same this week.   Fingers crossed!.   By the looks/ feel of it, only outside influence from abroad can curb this enthusiasm we are seeing.  So keep your eyes on the markets overseas for any hints.  This way we could all say, FIFO..first in, first out.  Until this possibility or some other event occurs, we will keep on riding the earning reports and more.  Last week, we had another fun trip...NGA, IDSA, MA, SPAN, a few nice tradable opp's in DNDN, VOXW, GTI.  Clearly DJIM is being selective and getting into right plays!   Also a few late in the week pick ups with potential in FSLR, CROX, we hope they have a good market to show its true deserving colors.   What's important to remember is what we've discussed before and that is having cash on hand to buy.   Sometimes this means even cutting a EPS laggard after a day or so,  just so you could get into a better play.   We are even doing this as the number of stocks has grown in our book recently and we'd like to keep it manageable .  We don't want too many, we only want the best possibilities!!.   Examples of this might be a VSEA, CUB type.  Their day might come, but if a CROX shows up after you just pick up a starter in a CUB the same day, it is better to ditch the CUB to the curb.   If you already made 7pts in a MA in a few days, there is probably a better chance you'll get something close to 7 points elsewhere faster again,  so switch up to a fresher expensive name in this market for now and consider coming back to the play left behind if it behaves right later.... 

....so now the names crossing the DJIM wire...

SPAN, a crawler being discovered is just what this is. A nice pick up last week and quick but steady 2 day rise of 10%/ nearly 3pts to highs.  Overall a 30% move on the week and some hesitation, consolidation might be in order. #5 rank in IBD leading Medical stocks with 90 97 this weekend.

DNDN, definitely this was worth the wait for a 'strike' and the timing was perfect. You could almost see it coming as it traded to $19 AH's Thursday.  We concluded Thursday Journal note on DNDN with 'ring the register'.   If you didn't on a potential 3 point move or 17% on a speculative stock play...well that's just silly.  It was only the 4th of May...the15th is approaching and we will look for another ring the register entry possibility as that day nears.

FSLR, ...NO!..we are not playing the solar sector here just yet again,  we are trading the FSLR on the heels of its earning and guidance.  Reports Q1 (Mar) earnings of $0.07 per share, $0.07 better than the Reuters Estimates consensus of ($0.00); revenues rose 391.9% YOY to $66.9 mln vs the $52.8 mln consensus. Sees FY07 revs of $370-$400 mln vs $326.97 mln consensus.  Simply FSLR is clicking in its execution and capacity ramp ups behind closed doors and this can't be overlooked.  We don't know what ASTI or the likes have cookin', so we go back to our favorite from this space last Q.       We bot in the afternoon as the stock started to take out the days high levels over $66.

RCCC, this was a earning play we've been looking to add again for some time.  We added late Friday.  The co' already pre-released their Q1 back on April 16 and has Bear Stearns riding a upgrade on it.   The co's call was only Friday and w/o listening to it, we'd say there was nothing negative said judging by Fridays potential breakout move.

CROX,  with a gap over $10, we really didn't expect to see more covering just yet on the first day.  It will come and we expect nothing less than to be in the 70's here soon market willing.   Maybe it will be as soon as Monday, if it does as our MA holding on its 2nd day.  To our member wearing CROX while trading, consider the static generated by CROX's is knocking out respirators in Swedish hospitals...watch your trading platform!!

ATV,  if the market is hot , we expect IPO's to feel quite fuzzy as well, even if this sec ain't the hottie now.  There is always or will be an appetite for China IPO's and we can't overlook this one after DJIM successes with EDU, MR, HMIN in 2006-07.   This is already 2X over IPO price.  Let it sink in first, if you are wanting more than a trade possibility now.  We are trading it now.  The company runs TV direct sales programs, which are typically five to ten minutes in length, on four nationwide China Central Television, or CCTV, channels, 28 national satellite TV channels, four international satellite channels operating in China and eight local channels.

NGA,  definitely one of the best gainers/ buy in of the week by DJIM early Monday.  This one does not always trade as pretty as it did last week, we expect some dippers along the way as this makes a possible move into IBD100 life.   Again, we are playing the potential IBD inclusion with these types, not the aftermath of sticking on the list at first.  We'll decide on stocks making IBD when it happens for a further trade possibility.

TO, you have to accept these plays act up in spurts and make sure not to be taken out with the gyrations on little volume.  If it goes up a dollar quickly, it could do the same the other way before going back back up.   Patience is required on these types that don't have much history if you decide to enter them.   Volume is an issue..day to day.   Anyways,  a nice move off 9ema and a NCH, Friday.    Keep VOXW on radar for these types of moves and not necessarily off 9ema, it could be just a PR of some sorts that rockets it again. 

IDSA, hopefully you played it like us and are sitting free of it this weekend.  If you didn't cash out with another late day opportunity over $15 Friday, well then you don't wanna hear this again, "you might be heading for a disappointment come Friday 4pm with some opportunities missed in other places".  It was quite disappointing from a distance looking in on this, not only did not close over $15, it was a feeble effort to do so late in the day.  On the hand,  it was also a disappointment it didn't crash late in the day off the 'exclusion' of not even holding $15, so we could buy back in the $13's and do it all over again next week..lol.    We might just have to anyway!.   Instead it was last months, IBD inclusion play at DJIM, SPEC showing it up and taking IDSA's thunder and making it to #25. 

Other earning names from this Q, we have secondary scattered positions or trading/ eyeing still...VSEA, NTLS, WST, SSYS, CUB, ADPI, ALGN, TRCR to go with usual suspects  BTJ, DXPE, MFW *EPS out Friday AH, CPY.  This pretty well rounds out our trading crop this Q.  

Keep an eye on GROW in the morning off EPS....with Gold being up up as much as 15%(approx) this year at one point, you'd think they had influx of funds into their precious metals last Q and would produce a kick ass report.   But, we are not here to think, we are here to 'DO' and act. So we wait for the report.

Yeah..Yeah our Raps lost..great game! ....but our Raptor claw logo has taken a chunk of the market while up and we ain't messin' or are we knockin' the little good luck charm off the site for now!...

Complacency...

This market definitely feels like there's high level of complacency built in.   We kicked off the week with a hostile bid offer from AA for the good ole Canadian Alcan.   A potential deal like this always spurs activity in the sector and we are seeing the spill over effect into a few stocks.   This and other M&A activity is definitely good news for overall market.   What this means is that since market has been getting constant flow of fresh bullish catalysts, participants are willing to throw money into other secondary plays.   This, in turn, props our index higher and makes every trader feeling positive and optimistic, and willing to commit capital.

SYNL, technically, this one looks really good given the volume + price action today.   For those that may not know, today's action is the result of Louis Navaliier recommendation, so we heard.    The last L.N. play we touched was UIC which was actually quite a while ago.   However, it did give us more than a dozen points added on.   How do we play this then?  Well, we are willing to give this one some room to move so we'd be looking for continuation of strong volume in order for us to continue the ride. This is no different than a Briefingcom profile, a Cramer blurb that picks up on a DJIM stock long ago discovered.  We'll take it all and have an advantage of already cashing in once or twice and knowing the trading habits of the equity in question.

FSLR, perhaps the easiest points, or the safest points, have already given to us by the end of today.    What does it mean then?   We think once the earning fever dies down with this one, it may trade back to the old form again.   We are keeping a close eye on this one and especially on the volume.  Still this report is more optimistic than the last and might make FSLR a better long term bet for new money.

NGA, this one needs a pullback badly, we think.   Why?   The stock looks more tired each day compare to the previous one.    We don't think the run-up is far from over and we are here to buy the dip aggressively.   De ja vu!     We have probably pointed this approach out many times before.  For an EPS momentum stock,  the FIRST pullback should always be aggressively bought.   This to us is not a wait and see play at this point.   We are simply trusting our own experience and instinct to play aggressively on this one.   We like this one a lot.

VOXW, just last night we said not to lose sight of this one. Today's range almost 2 points or 30%.  Volume was higher than the last weeks big day, so some money is discovering the run-up potential in this name.

Some other notable plays we like today include VDSI TNH SCHN and BTJ and these aren't strange stocks to DJIM.   At this point, we are just curious to see how broadly this market can participate so we can find diversified opportunities to trade. Since capital preservation is key here, not meaning doing nothing but rather taking profits when we get a nice ride.   Today, we were glad to have our capital securely away from DNDN, IDSA.

Resiliency

Even Dow's winning streak has been as long as our Blue Jay's losing streak, we know that one of these days their respective streaks will end.   At least in the case of Dow, it's more probable.    Today's the day?    In a very dramatic fashion, Dow closed just 4 points lower.   This might as well be a winning day for both indices.   For those of you that haven't kept the score, both Dow and Naz were off to some good downside action earlier in the day and managed to climb all the way back.   Is this resilient or what?    Again, we will have another test tomorrow with both the CSCO reaction and Fed meeting.    In either case, we think this market will probably go higher still.  During this streak, the majority of the gains in the indices was in the first hour or so with the rest of the day seemingly distribution going on.  Today..that all changed as we saw another side of this market!

In terms of DJIM land, some of the stocks were down earlier but were managed to climb all the way back and some.   What we do here is to make a note of those stocks that managed to come back and those that did not.    For those that come back, we kept some and even added to some.  For those that did not make the afternoon rally, we pretty much cut them off from our position list.   Still, we had about a dozen or so stocks left in our account.    A day like today gives us traders a perfect vision of how strong some of our plays/picks are.   When the market is really green, it's just that much harder to tell.   When the market goes through a shakeup earlier and comes back, you do want to see your favourite stocks to perform exactly that and maybe then some.   If not, time to move on.   There's plenty of good candidates left and new candidates coming up down the road.   There's never no need to be hung on any particular play.   After all, these are just stocks, we don't have any sentimental feeling toward any of our plays.  Just a game!

Here are some notable ones...

NGA, this one definitely surprised us today.   Normally on a weak morning like we had today, a stock like NGA which had such a strong run-up would definitely feel some pressure to pullback some.   Well, it did, sort of, on very pathetic selling volume.   Maybe, everybody has the same play book as us or maybe, this is just one hell of a strong stock.    In any case, we have to be quick to recognize what is going on and act accordingly.   The action, of course, is to chase it higher.    We chased some from low 13s all the way to high 13s.    Bear in mind, we have also lifted our aggressive buy on dip points from low 12s to high 12s, or maybe even higher depends on how it performs next little while.   So basically, when our somewhat conservative attitude toward this one proved to be an incorrect call, we just had to correct our approach as quick as we could.  This is a high stake game where opportunities don't wait for you to make up your mind.   They come and go and you as traders, just have to grab them to the best of your ability.

LXU, this one reported earning yesterday and that was the catalyst.   Boy, would you look at the volume past two days.   This stock has never traded this much volume according to our memory.   Believe us, we have followed this since the $8 range.  It was one of the first DJIM Journal pick entries back in August 2006 or was it 1706 as Mr. Bush would think and slur.    Basically, we like this action a lot.   Sector is on fire with POT SQM TNH...  So why not with LXU?   We think given the valuation of this one, which is still a baby, institutions are getting in big time.   We call it an instant lift of valuation.   How else can you explain the volume?.  From what we recall there is incredible value if this company gets broken down into different segments.  Maybe this idea is again refueled.

GTI, a ha, another IBD play you say!   Well, this is just added bonus we feel.   Whatever is happening with this one, it's going toward the right direction. One thing this is..is a turnaround story that is being liked.  The volume suggests it isn't common retail folks like us that are getting involved, which is good.  

Besides the above, we also like the setup in CUB NTLS TRCR TNH EDU.

Shorts Killer...

This market has been all over the Shorts lately.   Unless, of course, that you were short DNDN.    Ok, this is probably the last time we'd ever mention DNDN.   The long and short of it is,  the play is over and it's time to move on, regardless whether you are sitting on a loss or a overall profit from your previous trade leads here.   It's the last trade that only matters, no averaging stuff to give yourself an excuse to hold on.  We played it twice at DJIM, we doubt there will be a 3rd soon.  . On to what matters, we basically had a great day.   Fed meeting may provided a spin for this market in terms of volatility, but overall, most of the DJIM stocks that have showed strength last couple of days did extremely well today.     This time around, and just like all the other time around, it's all about earnings here.    To us, earning is the primary if not the only driving force of our strategy.    Figuring out entry/exit  points is one thing, but the ability to pick out outstanding earnings play with great momentum potential is the root of our approach.    Hopefully, by the end of this earnings quarter, many of you would have a pretty good idea what we do here on a daily basis.     Getting involved with the right group of traders that know what they are doing is one thing, trading to get more experienced is even more important.    

Still...besides all the emails we get during the day, including, ' great call' for an NGA, LXU, FWLT recently which we thank you for.  But,  there are still 1/10 that we can't understand.   If you follow into our stocks, why do you not exit and lock in nice gains when there to be had?.   Greed?.  Just today before the open,  we received one on IDSA and what we think now "as I have not sold all?".   Didn't we set out everything late last week and the potential for disappointment and other alerts, last being when the stock was $15.5 on Friday?.   The other ironically from last night on DNDN..." might be $50 after approval..what you think"?..  OMG,  its a speculative ticket  'short ride' every time we've mentioned it.   We gave our exits dang it.  OMG..to learn this member was holding 1k of DNDN later at 17+.  We had a recent hold into GROW's earning as well from a long time member. ARGHHH!!.

Guys..sorry but maybe to see your mistakes in bright lights here will stop the insanity!!. We honestly care, especially after getting to know some of you over time.

It's tough to pick out the  play to write about first since there are too many good ones...   ok lets start with..

FWLT, earning sells the story and momentum pays the traders.     By the time this thing moves over 7 or 8 points, there's not even any point going over the earning report anymore.   Why you ask?   Many traders may put the emphasis on the actually earing number, the quality of earning etc., what they often forget is that it's the collective action of those involved in TRADING this thing that makes the difference.    For us, we had a feeling that this one has good number, but we needed confirmation from the "big boys" to confirm our feeling.    When they go chase, we tag along!  This was the premise behind the 2nd note on FWLT today.  It went off like magic, you can see it gaining steam on every small pullback around $80-$81.   We were so ready, hopefully we prepared you and you enjoyed the rocket launch from 80 to 88.  It may sound surprisingly simple but it does take a lot of trading to get used to the idea of "your buy may very well give this stock a new high".  

CROX, this is just inevitable.   Provided that the market is rocking all around, we still think this one is going much higher.   Read up on our notes here, hell use the new search available to you to find it;).   In a way, this one reminds us of HANS in its prime days in some ways.    We added some late around our 'juice ' alert and it finished beautifully with a nch in place.

NGA, it feels like this IBD100 listing is looking more and more like a done deal, based on its trading.   With two days left till the end of the trading week, we think the downside is limited right here.    Yes, a pullback is definitely possible tomorrow or even on Friday.   In our opinion, any pullback should be bought.

LXU, again, we'd like to use our conservative approach and would like to see a pullback or consolidation around here after the stock climbed from out 18.70ish alert to nearly $21 today.   To us, it never hurts to underestimate the potential of a run-up rather than overestimate it.   What this does is that you are always setting yourself for good surprises.  If this stock continues its leg up with strong volume, so be it and we'd just play along.     However, we aren't buying it like the way we did when it was in the $18s, for now.

TRCR,  don't let the big point gainers make you forget about the little guys.   Your eyes may be glued to the FWLT of the trading world but the little ones can also make up for very nice gains if you time it right.    We noticed the set-up yesterday and today's just the confirmation breakout.   We added some and looking for more.

TRT, what may caused the strong action today may be the fact that people are looking for a change in IBD rating after its earning report.   Yes, this IBD thing never gets old. lol     We got a starter and will look closely for any further development.  The report itself is nothing to write home about..not 30% worth of stamps. The first trades premkt were $19.50 up 25%, a little to expensive for our tastes and not something we'd chase till we see what regular trading hours bring.  Finished up just over 30%.   In the end FLWT which was up 7% premkt provided  better upside as we thought it might in our pre-market note.  Maybe not so much better % wise, but definitely safer and much more liquid to go big $ with momentum.   You could not afford to chance and therefore do the sizes in TRT that you could have done with FWLT today.  As traders this is primary consideration when wanting to go in 'super size me' lots.

There are quite a few recent stocks that made new highs today, we are trading. These recent mentions from Journal or via trading members in our forum include SPAN TNH HAYN SCHN RS FTK EDU   We're still waiting on NTLS.

An incredible day from our DJIM stocks on a day the DOW +54 and the NASD +4.59.  Who outperformed who?

Shakedown..

'Breakdown....Takedown....Everybody wants into the crowded line... Breakdown....Takedown...You're busted...Let down..your guard..blah blah ..you're busted!".  Yeah, we're humming a guys tune who probably already had a beard when we born!.... but hey, what's the ruckus today?..We still in the loop.  Cheer up, it's not the end of the world!.   You know what was looking like the end of the world?....

The market being up something like 24 of 28 days!!.   What percentage is that?.   Sure , ain't Shaq's free throw percentage!.  The point is simple, what the "Disney" did you expect to happen sooner than later as we ran the market higher and higher.  Today should not be a shock to any of us. If you've ridden the DJIM plays recently, you are probably safely out by today anyway on most positions with nice gains..   But seriously, if the market shakedown scared you today, you still had a perfect storm to exit with gains in tow today.   Why...you say?

Let's see DOW down 147, NASDAQ down 43.   What really stunk the DJIM joint out?    Well, percentage wise it was NGA!.    But, we've all expected and actually welcomed a decent fall after this 40% run with DJIM hands all over it..   This was going to happen, no matter if the market got smacked or not today.   NGA was prime for it.   Besides the NGA bit,   there was not much damage to anything you might be holding off DJIM. You still could walk away today all in one piece if that's your choice.

FWLT  TNH  SPAN  CPY  FTK  IDSA  FSLR  KRSL  ADPI  are some recent DJIM names traded that managed to post green end of day.  Tomorrow..all these can get the smackdown and other barely reds like TRCR  LXU  MA  HAYN  NTLS (1% or lower) might as well.    What you had today is exit opportunities to leave with almost all of your recent gains in these names.   The next day you might not!.     Be it tomorrow or any other time in the market, if you survive one day...you might not the next if the slide continues.    What we hate is to be part of any domino effect, so today we did some selling into this orderly action of our closely followed/held stocks.  We don't want to blow the past months of good work out the window.   Safe than sorry heading into a weekend at this point.   Still...there was no action in any DJIM recent play that money screamed get me out of here...fast! .  We like the group we are covering at this time and will monitor closely as always.

As full time traders, we look to end of day for some fire sales on our favorite winners lately.  We've talked about buying a pullback for days on NGA...last night the last.    What we said today in the forum as it traded $13.80-14.00 from it's highs, is the market conditions today basically stamped out a chance for a orderly pullback and buy possibility that we expected from it before weeks close.   If the market (NASD) is down 20 points,  we do not know if panic will set in on any individual stock and take it down further.   We can't buy such a fresh pullback as NGA hung around $14 at 2pm!.   As a trader member pointed out minutes later, "would rather buy a pullback within the context of a stronger market day... Opportunities are made up easier than losses.".    Minutes later NGA crumbled to 13.20.   So how do you know when a pullback is sufficient?...is it the one down to $13-8-14.00 or will there be another as later today to 13.20?....We simply don't know and we're not going to guess at $14 with a falling market.    Basically, why play with fire as the market starts to crisp and burn.   Simply, we wait till end of day to decide if we want any.   We do it with strong stocks to buy in or add more and this is still the way we go if considering to recycle a recent big winner on a dip.   End of day.    Yes, we picked up small amounts of LXU, NGA  end of day.  This is nothing in size to when we were playing these recently.  We all should have enjoyed these 2 runs, we are not blowing it away with a substantial position now on a dip in a falling market today.    If any sign of momentum comes Friday in NGA, we'll be there in sizes again.    Call it another starter to monitor today, that's all!.   Still, the issue with NGA should not be if it catches a pullback and heads to $15 tomorrow.  What's 13s-low 14's to 15's at this point when the play has been here since a premkt alert at 9+ and soon after buy in low $10's. If you won big from low 10's already, what's the rush now?. Let it sink in and let it show a definite change in trend.  Is this a possible secondary leg coming up?.   Was this the retracement we were waiting for?.   We'll know soon enough (Friday).  We just went through IDSA remember, so you know what can happen.  What it might do at /if $15+ is a whole new different leg and we'll decide then how to approach it.

For those new here, our Aert-Comments are either our buy-ins or leads we are considering for a buy.  Today was a nice combo to an alert from Monday on FRPT to go with our buy in alert on SPAR today.  Both had stellar days in a bad market and were involved in the same contract.  Yeah looks like Cramer gave a hand to our pick ups again today.   We were oblivious to who or what or why...we just saw momentum happen at different times today for these names.  The idea was here Monday following the Armor Holding M&A activity for a look at  FRPT with its chart, today it paid off as FRPT and the company making the chassis (SPAR) for it all won. SPAR last trades at 31.60-32 AH. 

DJIM #20 2007

Rundown of DJIM's closely followed heading into Mondays trade...

TNH, definitely one the big winners on the week with a 24% pop.  We profiled Terra Nitrogen, fertilizer maker, back on April 8th (DJIM #15/#16), we said if you catch it on the right side, it could be quiet the ride. The right side has been now with Nitrogen in great demand and because of NG pricing.   The stock closed at $95, up over $30 since April notes.    Remember, she can be the volatile one and the higher she goes, the higher the chances of seeing greater volatility.

NGA,  though this one did not finish over $15 as per IBD requirement,  it might as well have finished above it to ease the suspense.     So is this more than and IBD play or not?   At this point, who really cares?    As long as the volume + price action do not die down, we are going along with it.   What we feel is that there are momentum hedge funds behind the work of this one which explains the consistent volume.   We like this one because of its relative liquidity compared to some of the other low priced IBD plays.    Why does it matter?   For those of us who trade more than a couple of thousand shares at a time, this is the kind of action that can get you in and out with relative ease.   What we are watching out for is the blow off top volume, as a warning sign.   So far, so good!. Our note pre market indicated some selling might come off the insider selling news.  This happened and provided a nice dip into the $12's early on.    Hopefully, some were able to get more there or low's $13.   The fact this occurred probably held NGA off $15 for now..   Why?.    If you bought high $12's, very low $13's Friday, would you not have sold at the high $14's if you loaded up in the morning???.  We did some.   Once this moved beyond $13.50ish, you knew new money would be coming in so not to miss the run to $15 and above.   No better place to sell for someone making a morning buy in the 12's- low 13's, don't you think?.     We're patient.    IDSA now NGA.  In so many ways this played out just like IDSA last week.    Hopefully, you were prepared to trade it smartly after last week.

IDSA   so the stock made it to IBD#43, a week later than it was "supposed" to.  Lol   Well, things will definitely get more interesting from here.   We think the exposure of IBD does bring more positive things to a stock than not.   It actually brings this one to many more traders' attention.  The OS/float definitely stands amongst the IBD 100 names.    As long as this one is getting more exposed, it's unlikely that the play goes away anytime soon.   We are using our usual approach with this one from now on and look for new highs as an excuse to add and 9 ema as key support.  Simply, the traders gut told us this was the one under $15 that was going to get riled up friday in our morning note.   We added in forum the night before to a IDSA question..Needs volume!.  We pointed out volume was at the previous days high quiet early, Friday. This was indication to us more was to come and a good chance this was going to take IDSA beyond $15+.

FWLT, wow is the word to describe the action in this one.  In our opinion, this is the kind of stock that's much much easier to play compare to NGA, IDSA and definitely the SIF's of the world.   Why?   This one is a liquid monster, an institution's heavy play.   Even as retail trader, we have no problem of going big in size and playing with the big boys.  You can't do this on a SIF type.   Of course, if you have a smaller sized account, this one still provide lots of fireworks even for small lots.  For every 100 share lot at $78, this made you $1800 in a few days.  Again, we say, don't back away from the expensive plays such as this and the MA's so easily.... As we tried to point out, we felt FWLT had more short term upside potential from the pre-mkt prices of FWLT ($78) compared to TRT's (19.50).   Based on closes Friday, FWLT is up 22% and TRT is 12% from that  possible morning buy-in and has been way more liquid to trade.

LXU, this recent DJIM pick up is gaining traction and starting the ride the coattails as many are starting to see it as a Ag play.  Their chemical biz seems to be thriving as seen by EPS results and it's definitely one of our favorites.   The ticket here to consider!. POTash is around $200, TNH, is near $100 and if I might have missed the ride, maybe my only only logical cheap play here might be LXU??.   Hmmm.    It is in top 5 performers in the Agriculture section of IBD movers.   Besides, there is a new #1 IBD Industry Group and it is Agriculture and Fertilizer...really, we're not fertilizing you!

SPAR, this pick up pre market the other day at $30 was a quick bump to high of $32.70.  We sold some Friday into the Cramer push and later picked some up cheaper again.  Selling into strength generated by outside influences, such as Cramer is a no brainer.  This one falls into another sector that is thriving.   We were watching this angle since AH takeover by bringing FRPT into the DJIM fray Monday. SPAR is intertwined here as they are the chassis maker dealing with FRPT.

CPY, we put this CPY back out at $80 Friday on alerts as a buy in again.  It manged to climb another $3 bucks higher at one point.  Just keeps on ticking and it is more than the retail investor buying 100 lots here that is still driving this higher at these levels.

TRT,  we are holding some TRT but on a short leash to see if a IBD crush comes.  The play here started back in 2006 based on EPS and their China connection starting what we thought would fuel this compnay.  We played it now for another 2 Q's  and this is the first Q that we saw revenue slow down.  It was actually a tad lower sequentailly and Product reveune dropped some 20% sequentially.    So has the Asian buzz hit a wall as these numbers might indicate?.    At this point after 3 excellent Q's,  you should not be looking at YOY Q numbers here,  but sequential growth.   If this was a big Semi name that showed no sequential revenue growth,  besides the under 300k in net income, it would likely been a ho-hum report as analysts would not be looking at YOY if they had been placing estimates on the stock for this Q.    They would have looking at the 3 previous Q's since we've been following it and their expectations would be based on that!.   Simply , sequentail reveune growth has been curbed some it seems for now.   $6.4>  9.5>  9.9> 14.06 and now 13.6mln in revenue for the last 5 Q's.    An advantage of no analysts covering a DJIM stock is seen here.  The problem is the company gives no guidance, so you don't know if the revenue has hit a peak and if EPS next Q might hit a snag as well.   Anyways, we're in for some, this just ain't one of our top holds at this time.  We'll see how it starts to play out early in the week.

SPAN, a May pick up( profiled in Alert sec), is the little engine that could, a slight pullback mid week and then a NCH to close out the week.

SIF, a hot market definitely brings out hot money in the micro caps. At this point anything new is beng chased up if the headline numbers stick and we joined in with some of you for a quick trade.   Definitely, some of you guys got more out of it than us!.   Great!.   With so many plays on our plate Friday, we left this while the exuberance was high and while it was still possible trade the bigger lot sizes to make it worthwhile.  We don't know if that will be the case by mid-week, if we wanted to sell a big lot hold at a decent price.  Time will tell.   You see, some plays are taking EPS to a different level in this market, as in potential one Q wonders being run as if they will be what TRT, BTJ, DXPE, NGA in the beginning of their cycles.  Those companies were turning around and you could see by their growth figures.  Not only YOY growth, but sequential revenue/EPS growth as well.   This is how companies become IBD inclusions.  We see pretty stagnant revenue growth Q over Q's at SIF with one good EPS Q under it's belt now.   There is no saying this company can pull off another going forward, despite being in a good sec.   We don't see it as 2 Q's with upside EPS, last Q was almost all government grants income that made up the EPS #.  We're not knocking the company, we're just saying it's not for everybody to trade here, especially if thinking one EPS Q will make it the next NGA, BTJ, DXPE etc.  This simply means for those considering playing SIF starting Monday,  be careful if thinking this almost 100 year old co' will become a solid player into the next few Q's.   DJIM members need to differentiate the type of plays conducive to their style and abilities.  This is all we are pointing out here.   For those giving it a run....keep pushing and we might be back to help out.   IBD numbers are on equal terms to TRT's and made it on Aerospace IBD hot list this weekend.  Institution holdings are about 25% in this name, if their Blackberry's were not working overtime selling Friday, this upcoming week might get some of it.  If the shares get in retail hands, who knows what can happen in a happy market.  Will leave it to the speculators for now and concentrate on companies producing revenue, EPS growth Q after Q.

CROX FSLR TRCR ADPI HAYN NTLS MA SYNL, all behaving fine after being followed closely here following their EPS this Q.

HDNG TWIN FTK  added to IBD or moving up as in HDNG case after EPS #'s last week.

This market is moving clearly off the earnings of S&P co's, small caps etc. and we at DJIM definitely are simply in the right niche at the right time!

Leave some in, take some out....

This is the kind of market that rewards bold traders, as well as disciplined traders.    Stocks go up and down, as traders we try to do the best we can to come up with a sound strategy that takes advantage of such movements.    For most traders, dealing with the ups is always easier than dealing with the downs.   Unfortunately, dealing with the downs in the stock market is just as important, if not more important, than the other side of the market.   Of course, this is where the title of this journal comes in.   We have cashed out some of the plays in reaction to their action and kept some positions through to days end. There were just a few too many nice pops just after the bell not to take some off, the market turning down just added to the necessity to take more off.  CPY giving around 7 pts off fridays $80 alert buy in was one such trade. 

TNH, for those of you who's wondering what the heck a "blow off top" is, take a look at the action from TNH today.   In our opinion, this is a classic "blow off top" action where it opened strong (to $100) but closes poorly on way above average volume.    How do we deal with this one today?   When it first comes down from such a nice opening high and takes out previous day's high, that's a warning sign that the day may not go well.  We'd scale out some at that point.   The real selling trigger comes when it takes out previous day's opening price of around $92.    You may ask why not wait for the 9 ema for a confirmed sell signal?    Well, this is one of the strongest stock and because this one never had any rest from its $70 dollar breakout, it has extended a little too much.  Waiting for it to drop to 9 ema just doesn't make any sense since it was about 10 points below the low 90's.   There's no way we will watch a 10 point drop before deciding whether it's time to sell.  That's nuts!.  Basically, when a stock has had a long and extended run without any pullback, be very stringent on the sell trigger.    At this point, we'd be very cautious on any bounce as we think it needs some time to consolidate and work its way out of this "blow off top" action.  We probably spooked it last night by saying the higher it goes, the more volatlie it will become.lol.  Guess $100 was it's calling card saying it's scary up here.

FWLT, this is similar action to TNH except this isn't a blow off top.  This is in our opinion is a normal pullback.   Yes, we all knew the stock is extended since the earning and today got what we all pretty much have been waiting for.   What are we waiting for you ask?  We are waiting for an excuse to cash out and the overall market helped the cause.  Today was definitely the day for a pullback. We are gonna be watching this one closely for re-entry as there is not much too like here.

IDSA, so it made IBD list and we got our prime objective from this one from last week.   Yes, things can get interesting here since we don't know if the trading characteristic for this one may change for better.   Nonetheless, we got the run we asked for and we cashed out most of our position very early.  There's no reason to imagine any further run-up as this point unless the action says otherwise down the road.  Considering, we've been toying with this one since the 12's, todays move to $17 was more than enough for now.

NGA, we are leaving most of this one in, and we actually added some on today's strength.  We think it's very impressive today given the weakness of intraday indices and some other stocks.    What we like about this one is that 9 ema has caught up during last couple of days and support is there as it shows.

GTI, we are actually pretty amazed by the strength in this one.  Volume looks particularly interesting here.   There's definitely lot of institutional action going on as there's a number big blocks exchanged hands through out the day.     Maybe it's coincidence that this one is near $15 and it also has good IBD rating, but we think IBD is just a secondary spin to this one b/c of the heavy involvement of institutions.  In any case, this one looks good.

SPAR NTLS RCCC LXU SYNL TRCR AFAM managed to hold on to the green...yep and SIF too.

Taking more out...

Of course, as we start the day, nobody has any idea how that day will turn out.   Being a trader, it's extremely difficult to prepare yourself "well" for the day.    If you have been in this game for as long as we have, the hardest part of the trading is to anticipate a market "turn".  Sometimes you just go with your market sense, sometimes all this is, is your gut.  Well, we feel today's action is discouraging at best.    The action from indices may be deceiving as there's really no sense of urgency of cashing out.   We feel that under the circumstance, it's best to be more cautionary as oppose to hunky dory.     Maybe it's just us, but we definitely feel that certain plays are getting a little bit tired.  All this might be coinciding with the driving force recently and that is earning season is wrapping up.   How can we tell?   We watch the combination of volume + price action and their behaviour relative to the overall market.     Many if not most of our trading decisions are based on our past experience, and so we decided to reduce our exposure about mid way through the day.     On the other hand, if the market decides to give it another quick push, we'd be there quickly and do our part.   As always, buying decision is far more easier and quicker to execute than selling. At this point, we think weve had a great earning season, we are not about to get lackadaisical look on our faces watching our profits wilt.

There is a couple of stock setups which we feel we need to mention today and let's get right to them...

NGA, this co., oddly enough, announced that they are going to have a 3 for 2 split.   In our opinion, what the heck is the management thinking?  Yes, we definitely do not like this announcement and we reduced most of our position earlier during the day.    The stock, in our opinion, is liquid enough which does not require a split to attract more "investors".  We don't go with management reasoning this will make NGA more liquid and available to investors, including institutions of course.  3 for 2, just doesn't cut it.  Funny thing also, we'd also highly doubt that most of traders who are involved in this stock are long term investors.   In our experience, companies which have announced split at this price level have not fared well, most of the time.   Of course, we aren't just going to ditch this play for good and stick to our emotional opinion.     The IBD play is still on target but we'd be more cautious if we decide to get back into this one again.   

CROX, if it wasn't for the weakness of the overall market, we might have been a bit more aggressive with this one.   Nonetheless, this one had a new closing high and we added a few times to day, including near the end of day.

MTOX, this one actually turned out to be possibly the best trade of the day.   We threw out the 'lead' before 10am and soon were in it mid 26's for a run to 28.  When you have a nice quick gain and the market shows signs of a turn, you have no choice but to give up your new pick. Maybe..we should have bought back end of day as it fell back down to low 26's, but we were just not in the mood to get cheeky.

SPAN, RCCC, NTLS, AFAM, these recent alert plays are humming along quietly in the background and we've used that to sell some just in case.  These have been secondary plays in sizes as the NGA, IDSA's, LXU etc. have been the primary plays lately.  We still have some scattered shares of these, but it is nothing that can do any sort of damage to us.

ERS, we picked up some AH's, just couldn't ignore the 40% revenue increase with the stock hovering near recent low's. This could be just a flip into any strength tomorrow. We'll see if there is any appetite for this old gamer.

What's to come...

We aren't exactly sure what may be in store for us from this market the next few weeks.   What we do feel comfortable of doing right now is trading on reduced size with selective picks and if and when we say `morning trade opp`...`flip` this means , we are looking to trade those first,  not get in bed with at this point.  We state our intentions.  Those not in the trading hood yet....time to get with the lingo.  This all should be obvious from the last few Journals.  We are happy with a one night stand at this point because of what we have said on the market.  A quickie ain`t bad either.  If something was lost in the language the last few days, maybe this just cleared it up.

We don`t like it the past few days, but we keep on looking for a point or two, here and there and everywhere..  If you can`t flip or be there for a morning opportunity,  just leave it alone and wait for something more than a trading opportunity.  We had members throwing up today and ones checking for news if a bomb had dropped on a Jack in the Box because the stock we gave at 78 premkt was at 77 in a falling market.  If trading causes such reactions in some, seriously consider stacking the Zantac or do something completely different.

To us if finally just feels that this market needs to crack in order to get the monkey off lots of people's back.   Did you notice the SOX was red end of day, while the NASDAQ finished up 22 and every other sector was green!.  You cant go forward if this one doesn`t show leadership of some sorts.  It all looks a little screwy now.   As we said before, we are thinking it is the overseas markets that will spook our market here overnight.   If we can`t do it ourselves, someone will do it for us from the other side.   Just a hunch.   Seasonality favours a pullback here and the run-up from this market also suggests some consolidation here too.    Despite our feeling, we aren't going to walk away from this market completely but instead, we are just going to be trading lightly with a cautionary hat on.    There definitely seems to be lack of a theme now that the earning season comes to an end.   From our experience, there's almost always some jittery at the end of the earning season.    Ok onto the plays that are keeping us interested this week...

GTI, this one just amazes us!  Sure, the performance of the run-up isn't killer like but the steadiness of it makes it a quality hold.    We added a bit of this one today near the end.   Again, this one is also an IBD play but we think there's just much more to it than the IBD crowd.

TBSI,  a new EPS play that came around yesterday that also happened to be yet another.... you guessed it, IBD play.    The chart looks very  powerful in this one and we can feel the momentum crowd having their hands full with this one.   Take it or leave it, this one is in play and we are getting involved as well.

NGA, perhaps our feeling has been exaggerated by the split announcement and maybe all is still well with this play.    No matter, we can not let our own emotional feeling from making good trading decisions based on the actual action of the stock.    This one did come back very nicely and in fact notched a new closing high.    We bought some back today and feel the IBD theme is still intact with this one.   We'll see how this one develops next couple of days.  Again, we`re back but we`re not back in sizes that we carried since the $10`s..11`s..12`s

FWLT, we are watching very closely on this one for any sign of pickup in volume/strength.   Perhaps this is the one with the highest probability of making it to the triple digit club on our watchlist.

Bottom line, we are being very selective in this market right now and try not to get carried away with sizable positions.

Ho-Hum

A day of rest it seems.  Not much conviction, a few flickers of green and then much ado about nothing
by the close as the Bulls got the sword in it's butt and backed off for the time being.  Sitting Bull.  At this point, we are not expecting new stocks to emerge as quickly. So, what we do is look to the stocks we have played or watchlisted this Q to see if these names have any potential if the melt up continues.  Preparation is best, trading stock for the sake of trading is not.   A little boredom might sink in, but sticking to your style..your niche is essential.  Easiest way to curb your need for a hit might be to look at your successful trades recently and see if what you are considering to trade has any of the characteristics of your winners.  Simply, we are not seeing a NGA, IDSA, LXU, CROX emerge. Still micro-small caps will still continue to expose themselves while you hear earning season is basically over now.  So what do we do?, well we back off and just bother each other over IM until a play comes along we like and fits DJIM.   So, considering we are not seeing anything new come that needs immediate attention....here's a few you have seen cross the DJIM wire recently that we are holding and/or adding to today.

TBSI, we like to nickname our stocks. Tipsy is fitting for TBSI in the first hour today. We thought we'd better get the barf bags out for the quesy ones as it slipped from a good open to low 20's. We knew of the shipping D-grade before the open on a few names but we did not think this would it would spread to the TBSI,DRYS and a few others BofA did not cover.  When the drop started, the first thing we looked for was how the sector names were performing.  Seeing a few names had rebounded already, we averaged down and took more TBSI on.  By the early afternoon, it was back grinding away at $21 and eod definitely had some steady buy interest.  If this this makes it to IBD this weekend, it will be a new name to many and will most likely have interest next week. This one is completely different than the IDSA inclusion type play goal of $15 where you expect to sell the following Monday on the exuberance follow through.  This a dry bulk shipper,  a hot sec with earnings numbers that will be revised after their report.  We mentioned DRYS and the sector back in April, few money players might be looking for a new name to grasp. We hope Tipsy could be it.

CROX,  This is as pure a earning play as you will ever get.  You can't beat this Q's results and guidance. Solid since our first buy-in mid 60's AH, it is now closing on 80.  We said the guidance was crazy and with a little patience you are seeing what a stock that actually has a solid company behind it can do.  An upgrade was noted yesterday, don't be fooled these upgrades don't show it's worth immediately.  It's the D-grades that you should worry about immediately. Volume was there today, highest since earning day.

GTI,  hung in there and looks to be shaping up for a try at IBD tomorrow. This one is quite different than the
IDSA, NGA we have considered as a IBD inclusion plays.  There are hedgies here that will knock you
down silly if the trip to $15 gets silly with exuberance. Think of it, you are a hedgie and you know the crowd
might be bidding hard for 15, maybe you'd just set a wall of sells at/near/above $15 on a Friday?. Could be a lot
of smoke and mirrors tomorrow...also, you don't know who might be pushing it up, including other hedgies late
in the week...and you don't who's waiting at $15 if it gets there.  Take out the IBD stuff and you have a pure turnaround story who's bottom line is changing. Sooner than later this will be at $15 +....Volume should surpass 2mln easily tomorrow and like CROX volume maybe the kick start to a good close.

Speaking of volume..this is what is lacking right now in some other holds like FWLT, LXU etc.  Like CROX today, volume tick to the upside should be what gets these stocks rolling again and gives us a reason to add shares.

DJIM #21 2007

Sitting Bull wasn't basking in his laurels, recent victories come Friday. Instead, he and has band of M&A and buy back share brothers decided to charge signaling yet more accumulation. Once again the army of bears didn't have the muster to do anything to curtail this frenzy buying.  So we march forward and with every stoppage in play, we continue to expect the ways of the Bull to keep us going with MSFT-AQNT type hoopla creeping into the market. So that's the big world, what's happened in our little world, niche. Well, what can be better than having 3 closely followed DJIM make it to IBD this weekend. Not to shabby to have three (NGA-TBSI-GTI), be the top three new inclusions at # 5,9,26.  Hey even Curlin our sentimental Derby pick, stuck it's nose out with a flurry in the Preakness this weekend.  So..all good seemingly as we head into the week after what appeared as distribution earlier in the week. Still the NASD and small cap indices finished lower on the week and this is the ho-hum in the market that continues to concern us.  Maybe this time these market players play catch up this upcoming week. A hunch is they do.  Also, keep the big oils up as we head into Memorial day. Stocks like OXY, SLB, UPL should do better than the small cap names in this sector because bigger caps have been the leaders. If there is big money wanting to play this sector, it should go to stocks like these. On the charts, these look great and when called for, we like to trade these names.

KHDH, was a new buy in for us. The co's earnings for the most recent Q came out early last week and are up in the Alert section. We've had our eye on it for awhile and this earning as seen by its 2 days with 100k+ volume it got noticed.  We 'll look to add on dips or further strength. This trades in a fashion similiar to a CPY type and so it is possible to do both.  IBD composite rating is at 97.  This might suit the investor who has picked up our May buy in plays like RCCC, NTLS, CUB, SPAN, AFAM.  A few companies that don't get the recognition here on a daily basis because they are just nice and steady plays that you can't say much about on a daily basis.  Speaking of...lets give some of our secondary plays spotlight for a change. They are not secondary for those that can't watch like a hawk the faster plays day in day out from DJIM. These holders are doing just as fine this month without the diet of Pepto.

RCCC, touched on 29.70 from the May 4th buy in at 26.50ish levels(12%). Trades nicely a $1 above the 9ema for the last few weeks. Not much you can say about it steadiness, except watch the 9ema as a guide.

NTLS, also an early may pick up in the higher 22's as another wireless play a la RCCC.  Just like RCCC this EPS play closed with a NCH at 24.4 and is gliding on air just above the 9ema. A possible 8% is nothing to sneeze at in a couple of weeks.

CUB, a buy-in low 22's off earning popped to a $24.30 close Friday. Just another 10% play so far. As much as we like to play the NGA's,IDSA's, there is nothing like patting an account with consistent steady 10% plays.

AFAM has bounced from 20's to 24 since our premkt earnings note May 8th. 7 bucks off highs is only 3 now.

FWLT CROX MA LXU GTI TBSI SPAN SPAR IDSA MR MTOX, other prominent May DJIM plays that we are trading at different times depending on set ups and market conditions.  As far as TRT, FWLT has definitely been the play as its stands 20% above that premkt intro.  Meanwhile, TRT nests back to 9-14ema and at 19 is below 19.50 premkt initial price off EPS. Quite a few of you did not like our stance on TRT after its earning. After our full write up last week it declined 15%,-5 straight down days, we hope you had a change of heart if we saved you a buck or two. Is it going to bounce or is going to fill some of the gap?

NGA, okay... so this followed the script since we first alerted/ bought into at $10, April 30th. The stock traded to high 15's all last week and the suspense was over for us at that point.  The only suspense came back in the last 15 minutes or so Friday, actually it wasn't suspense but a 'you better get there' plea. The inevitable finally happened and now we see if this was only a IBD inclusion play or not?  In other words, will this have the kick to get to the 20's split time. We'll see if the 100k+ comical push in the last 3 minutes will be a forward to a dump-eroo in the morning now that it made it on. Of course, we hope it finishes with a new closing high and continues to be in play.  Consider the flight of IDSA, SPEC recent additions to IBD100.  The following highs on Monday have not been reached again.  We were not warning on Friday, we are only throwing caution to the wind after a possible 50%+ run here.  We see no reason to blow 'any' of the profits generated in the month off NGA and have walked away with plenty in the high 15's already.  It makes little difference to us that we are at those same prices Friday AH's.  We'd be no better off yet if we hadn't sold off most earlier.  Still we have some and most likely will sell into any morning strength and then re-position if further strength is shown during the day or days ahead.

Small Caps...

The small caps definitely outperformed the rest of the market today.    Perhaps, fittingly, the lagging action finally moved to our neck of the neighbourhood.    RUT index was the strongest among all the indices and it shows in majority of stocks on our play list.   In fact, everything seemed to be green today all across the board.  Our hunch that the NASD/small cap play catch up in last nights Journal was clear early today with the NASD climbing to almost 30+ and DJIM small caps in tow.   If Dow hadn't reversed intraday, we are sure that some of the bigger stuff of our small cap world would've closed much better.   There was some excellent action in MA CROX early..oh well, such is life, we can't always wish for a perfect scenario and we'll just have to take today as an overall good day.

Onto some plays here...

NGA, now that this one made the IBD list, why is it still going up?    Why not?  Again, before the split announcement, we were much more bullish on the potential of this play.   The split, now come think of it, may just add an unwanted twist to an otherwise great story/play.   From the look of it today, momentum is still there and the stock notched a new high off very good volume.  This is what we wanted, a NCH.  How do we approach this one now?   Much like what we did with GROW back then when we rode it from $30 to $70(pre split), we play till the music stops.     We'd be watching this 9 ema religiously and the higher NGA trades, the more cautious we'd get and smaller the size we'd trade on.  There was no monkey business and the stock carried on without the usual IBD shenanigans. To us this was a good sign.    The easiest of the easy money, however, in our opinion, was made from $10 to $15.   That run-up had the great probability with limited downside and lots of liquidity.   So folks, take this one as a good lesson if you hadn't made much off this one.    A play like this will come again, sooner or later.

FWLT 4%, triple digit club, enough said!   We cashed out some around $100 and will see if this one can take out the psychological level and move into a new trading territory.    The story is definitely not over by any means and we feel this one may last a long while on our play list.

NTLS 2.2% RCCC 3.4% CUB 1.6% AFAM 4%, these three keep on rocking and they are up like most other small caps.   We've been very happy with these quite runners so far and we aren't doing much with them unless they show sign of stalling.

SPAR 6% FRPT 5%, these two made a b/o today and we are treating them as a pair trade that moves together.   We were adding/ trading some today but are keeping our time frame short

USU, even though this one trades heavy, we like the way it closed today and we think its business is independent of the overall market sentiment.

DXPE, "load, weekend alert, gap, dump",  oops, did we just give out the secret of a certain trading guru? lol. SYNL and now DXPE back to back.  In fact, we'd like this move much much more without its status being "stock of the week" freebie.   Given the statistical result of past "stocks of the week", we'd be a bit more cautious if still thinking about chasing the move.

Even TRT answered our question from last night...it bounced...imagine if didn't on a day/ set up like todays!.  We'll see if it gets to highs before considering it again for more than a quick flip opportunity.

Little Lackluster...

Market action today was a little lackluster at best.    We had a good open and some strong intraday movement but somehow the pace at the end isn't the kind that we'd all be cheering for.   However, there's really no need to point finger at any one catalyst and we may simply have to accept the day's action as one of those lazy days in May.   Long weekend is coming up and perhaps this is giving traders an excuse for a much needed break.  Overall, stocks aren't reacting to the intraday volatility too badly and we'll just have to stay focused for what's going on in the market.    We haven't been doing too much today.    We are making notes of some of the individual action and will act accordingly when a big move comes.   The key in this kind of market, is to be totally prepared for sudden action.    When we say being prepared, we meant that being prepared to add or cut positions aggressively on a moment's notice.    Being reflexive is one thing, being decisive on making the right move is another.  

MFLO, we bot a little bit of this one today as we think this one is in play.    Volume has been great past couple of days and obviously there's something about this one that ppl really like.   We aren't chasing this one in an aggressive way as we think there will be sporadic dips which we can utilitze to put our bids in.    At this point, we'd also like the 9 ema to catch-up a little to ease off the extended action just a little. Just like many stocks this gave back  the .60c after the alert. Recent EPS report Q3 EPS of $0.27 from continuing operations vs $0.17 single analyst estimate; reports revs of $18.0 mln vs $18.0 mln single estimate.  Co issues Y07 guidance, sees non-GAAP EPS of $0.87-0.90, from previous guidance of $0.68-0.75

TBSI, this is one of the stronger stocks out there and perhaps it's being helped by TNP's earning today.   Whatever the case, we definitely like its action today and added a little.

MR, many of the Asian stocks have enjoyed a good day and this one is no exception.   We like this one's action more especially after its most recent earning announcement (noted EPS in Forum).  It's particularly interesting here as it's knocking on the level of its all time high.    We didn't add much today but if the volume comes in next few days with a corresponding up move, we'd be more aggressive on this one.