Tuesday, August 22, 2006

 

Closing Comments

It appears the market is consolidating its recent gains and is setting up for, what I expect, a violent move to the upside or downside.

The bias is definitely to the upside; however, disappointments from companies like NSM and MRVL can stomp the bull out in fairly short order.

So, be on alert for any key reversals on heavy volume.

As for my recent positions: I am just nibbling at some dogs like ERS,CHS, CMOS and PALM. I feel the latter (PALM) has a good shot at $16 and may spike to $18 on a successful launch of the new Treo, scheduled for mid September.

As you know, I am going on vacation tomorrow and will be returning on Monday.

See you then!

The following stocks had notable upside moves:

LTS, BFF, ISE, NKZ-WT, OPY, TWPG, VPS, LWAY, WVVI, NAFC, HANS, CPO, TARR, GVA, MLS, RMIX, IPII, UIC, AMN, AXYS, BBI, SYNM, ARD, EP, TOPT, DPTR, TXCO, GBLE, GMXR, MGPI, PEIX, ANDE, GSX, WEL, BTJ, PDRT, HOKU, DK, FTO, FCEL, MIND, CRIS, KOOL, BSML, CAMH, AVII, NVAX, TZOO, ELOY, WGAT, RNWK, NENG, TFSM, APTM, SA, VGZ, QPSA, LQDT, NCTY, JOBS, GGBM, PACW, ATCO, TUTS, LVLT, TERN, TRBM, SANYY, CATS, CRYP, HILL, IWOV, CBZ, PRTL, ATAR, AMD, CNXT, SMTL, NVEC, XMSR, HURC, GTW, GEPT, IMX, IOTN, OVEN, BITS, SIRI, CREAF, ORA, ASX, VIMC, AXTI, NTAP, TAR, RCCC, LTBG, IIT, WTHN, DANKY, PGWC, TVIN, PTT, IRN, WLM, LBY, SIR, PBY and WY.

The following stocks had notable downside moves:

ICE, LAB, JDSA, SNAK, MSSR, EME, MVCO, ACLI, TRMP, GASS, GGR, IMCO, TONS, AOOR, CNR, MYGN, LDG, MED, STJ, MSFT, HSTM, GOAM, ARTG, NFLX, REDE, CORI, AQNT, JUPM, JADE, EGHT, WJCI, MRVL, TKO, BBA, CC, CTIB, HAR, EVST, TWTR, CACH, ESST, RMBS, SGTL, MOSY, NVLS, GFX, PALM, QLGC, BTM, TNE, CYCL, CLZR, NICH, MDTL, RMD, ENT, MGM and PSA.

Comments:
I know ur not here, but just in case u missed the news, Blackberry can now be used w/ Treo 750. Investors are dumping both stocks... looks like they want a clear industry leader, not a sissy partnership.

today = sell on the news.

damn.
 
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