Tuesday, August 29, 2006
Closing Comments
The market continues to creep higher, despite bad economic data, setting up for a showdown between bulls and bears-- after Labor Day.
My convictions are in the bull camp, partly due to the fact that almost everyone I know is bearish.
By the way, please take the "Fly Survey" on the left hand side of the page.
Today's gains were led by the Networkers (1.8%), Metals (1.4%) and the SOX (+1.3%).
As I mentioned earlier, I anticipate future gains in the Networkers. Moreover, I intend on taking a few positions in the sector, for a trade, after I complete some analysis.
NOTE: One of my favorite commodity holdings, ALCO, has been trending higher, due to its heavy concentration in the Florida citrus market. Last time I checked, orange juice contracts were at multi-decade highs. ALCO is a play on citrus, sugar and land--all in Florida. Take a look.
The following stocks had notable upside moves:
FCFS, OMEF, BOT, IFC, PPC, CYTR, RSTO, PARL, ARNA, SAFM, MTSC, CMOS, DRTE, GNTA, TAG, ISV, HA, TKO, SIR, RS, BFT, AVR, CTB, ZQK, KCI, GT, FRN, TSN, HRL, SPTN, PNRA, JJSF, PFCB, EAT, IMKTA, HOOK, BOBE, MTRX, CAV, CHCI, CTO, CRFT, AMN, MOVI, BBI, ACLI, TUG, GGR, HOS, SYNM, IOC, TOPT, SHI, BFDE, DECT, WHQ, DOIG, UHCP, BTJ, PDRT, EGY, KFX, ATW, ESLR, ICOC, PQ, CFW, LUFK, SATC, HOKU, MEK, STLD, ACH, BOOM, CRIS, BOL, OMI, VPHM, DRRX, STEM, AGIX, PGNX, KERX, GERN, ASTM, CERS, MEDX, INCY, SNTS, HGSI, MYOG, THLD, TRCA, ACAD, VSTA, NVAX, AVAN, HEB, PPHM, LTON, ENTU, EBAY, ALOY, ARTG, NILE, WSSI, EWEB, CHINA, FLWS, CKCM, NTES, TMWD, SDAY, CAAS, LPTH, RITT, PACW, ZHNE, AFOP, FNSR, SFNT, AIRT, ANTP, XXIA, FBST, SONS, TUTS, NTGR, WJCI, OCNW, TRBM, FDRY, MSPD, BBA, CTRN, SFP, BAMM, PIR, EZPW, BOOT, FORD, KCP, NIS, ZRAN, NVDA, ESST, VIGN, CPCI, MANH, THQI, CRYP, JDAS, IRSN, IMOS, MU, SIGM, SLAB, IBIS, TRID, RMBS, SWKS, AUDC, HURC, GTW, OVEN, VOXX, IOTN, PLXT, NEXT, SPSN, DTLK, STEC, DSS, SNDK, LSI, QLGC, PDSN, ELX, ITCD, GLDN, VIV, TWTC, TLK, VG, TDS, CTEL, KONG, NOIZ, WTHN, VIP, ULCM, TSU, IDCC, SJW, SEED, NYX, EICU, EGLT and DXPE.
The following stocks had notable downside moves:
SGXP, KIRK, BKHM, CBAK, TAYD, ZGEN, IIG, SCU, BQI, CUP, ANX, OCN, WCC, SUR, JTX, ZL, NVT, NDE, FHN, RYL, EOG, BSC, FRGB, LEH, SAM, CVTI, CHNR, XNL, JDO, WNR, ALJ, FUEL, DSTI, BSML, NPSP, MBRX, EDGR, STXN, CTDC, BCGI, SILC, ATCO, EXFO, JCG, CREAF, HIMX, LCRD, and ESPD
My convictions are in the bull camp, partly due to the fact that almost everyone I know is bearish.
By the way, please take the "Fly Survey" on the left hand side of the page.
Today's gains were led by the Networkers (1.8%), Metals (1.4%) and the SOX (+1.3%).
As I mentioned earlier, I anticipate future gains in the Networkers. Moreover, I intend on taking a few positions in the sector, for a trade, after I complete some analysis.
NOTE: One of my favorite commodity holdings, ALCO, has been trending higher, due to its heavy concentration in the Florida citrus market. Last time I checked, orange juice contracts were at multi-decade highs. ALCO is a play on citrus, sugar and land--all in Florida. Take a look.
The following stocks had notable upside moves:
FCFS, OMEF, BOT, IFC, PPC, CYTR, RSTO, PARL, ARNA, SAFM, MTSC, CMOS, DRTE, GNTA, TAG, ISV, HA, TKO, SIR, RS, BFT, AVR, CTB, ZQK, KCI, GT, FRN, TSN, HRL, SPTN, PNRA, JJSF, PFCB, EAT, IMKTA, HOOK, BOBE, MTRX, CAV, CHCI, CTO, CRFT, AMN, MOVI, BBI, ACLI, TUG, GGR, HOS, SYNM, IOC, TOPT, SHI, BFDE, DECT, WHQ, DOIG, UHCP, BTJ, PDRT, EGY, KFX, ATW, ESLR, ICOC, PQ, CFW, LUFK, SATC, HOKU, MEK, STLD, ACH, BOOM, CRIS, BOL, OMI, VPHM, DRRX, STEM, AGIX, PGNX, KERX, GERN, ASTM, CERS, MEDX, INCY, SNTS, HGSI, MYOG, THLD, TRCA, ACAD, VSTA, NVAX, AVAN, HEB, PPHM, LTON, ENTU, EBAY, ALOY, ARTG, NILE, WSSI, EWEB, CHINA, FLWS, CKCM, NTES, TMWD, SDAY, CAAS, LPTH, RITT, PACW, ZHNE, AFOP, FNSR, SFNT, AIRT, ANTP, XXIA, FBST, SONS, TUTS, NTGR, WJCI, OCNW, TRBM, FDRY, MSPD, BBA, CTRN, SFP, BAMM, PIR, EZPW, BOOT, FORD, KCP, NIS, ZRAN, NVDA, ESST, VIGN, CPCI, MANH, THQI, CRYP, JDAS, IRSN, IMOS, MU, SIGM, SLAB, IBIS, TRID, RMBS, SWKS, AUDC, HURC, GTW, OVEN, VOXX, IOTN, PLXT, NEXT, SPSN, DTLK, STEC, DSS, SNDK, LSI, QLGC, PDSN, ELX, ITCD, GLDN, VIV, TWTC, TLK, VG, TDS, CTEL, KONG, NOIZ, WTHN, VIP, ULCM, TSU, IDCC, SJW, SEED, NYX, EICU, EGLT and DXPE.
The following stocks had notable downside moves:
SGXP, KIRK, BKHM, CBAK, TAYD, ZGEN, IIG, SCU, BQI, CUP, ANX, OCN, WCC, SUR, JTX, ZL, NVT, NDE, FHN, RYL, EOG, BSC, FRGB, LEH, SAM, CVTI, CHNR, XNL, JDO, WNR, ALJ, FUEL, DSTI, BSML, NPSP, MBRX, EDGR, STXN, CTDC, BCGI, SILC, ATCO, EXFO, JCG, CREAF, HIMX, LCRD, and ESPD
Comments:
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U forgot 2 mention that ALCO is also a play on sugarcane ethanol too.
Charts on ALCO look good, but what do you think about the IRS charge that they owe millions in taxes? (http://news.moneycentral.msn.com/category/topicarticle.asp?feed=AP&Date=20060818&ID=5958487&topic=TOPIC_ACCOUNTING_BANKRUPTCY&iSub=1)
The issue is if Alico used one of its subsidiaries as a tax shelter. They have less than a month to rebutt that.
The funny thing is that I was just studying auditing for the CPA exam.
later gator.
Charts on ALCO look good, but what do you think about the IRS charge that they owe millions in taxes? (http://news.moneycentral.msn.com/category/topicarticle.asp?feed=AP&Date=20060818&ID=5958487&topic=TOPIC_ACCOUNTING_BANKRUPTCY&iSub=1)
The issue is if Alico used one of its subsidiaries as a tax shelter. They have less than a month to rebutt that.
The funny thing is that I was just studying auditing for the CPA exam.
later gator.
I didn't include sugarcane ethanol because, currently,they have no production.
I have combed thru the financials closely, citrus is what will move this stock, not sugar.
Not sure about the IRS thingy.
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I have combed thru the financials closely, citrus is what will move this stock, not sugar.
Not sure about the IRS thingy.
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