Wednesday, August 30, 2006
Closing Comments
Chalk up another W for the bulls.
I feel the NASDAQ is undervalued and will overweight tech, until I see parity with the DOW. Also, I like the leadership in the market: Tech (+1.5%) and Brokers (+0.85%).
Regarding my positions:
Although PALM is acting like a turd, I will stick with it and wait for positive results.
CMOS is a gapper. I will be selling around $2.70+
ACLI took a day off.
TUG continues to charge ahead. I expect $27, near term.
TXCC is a dice roll.
NUAN is my short squeeze play.
CHS sucks.
I own about 30 stocks, so it doesn't make sense to talk about them all. However, I will say I like the action in most of them and will not put protective hedges on, until the SOX hits 460. Even that is not written in stone.
Despite PALM taking up space, I am up 23.9% ytd.
The following stocks had notable upside moves:
CORS, CLMS, BOT, BRVOE, WVVI, PFGC, SAM, PNRA, CHCI, BXC, LEV, COSI, DENN, PZZI, TBSI, FLIR, CLDN, TUG, SHI, QTWW, FSYS, AVR, TMY, BOOM, IIIN, ENER, BMD, HRT, GTOP, ACAD, LEXG, PRZ, NPSP, NVAX, SVA, CRXL, WGAT, CMGI, LTON, OSTK, EBAY, AMZN, NFLX, TSCM, SIFY, WZEN, QPSA, INCX, CACS, JUPM, BA, CHDX, XING, APAT, TKO, GLBC, NUAN, PWAV, FNSR, ZHNE, GGBM, MRVC, INTV, MSPD, AVCI, NETL, BKRS, PIR, SFP, BKS, URBN, SANYY, GLW, ELX, DGIT, STX, SIGM, BTUI, RMBS, CMOS, EMKR, LRCX, SMTC, SIMG, FORM, IDWK, VTSS, TRID, NSM, BRCM, LSCC, ATHR, PMCS, CSCD, MTSN, RACK, NVT, SIRF, PAY, GTW, CREAF, GRMN, DSS, ANAD, WFR, ITCD, INPC, SBAC, VG, LTBG, WFYW, IFON, TMB, ESPD, CREL, PNSN, EICU, OMRI, VSNT, MCRS, TINY, PCCC, EEEE, AOM, SUF, KAD, SYX, PTC, DY,ITRI, ERJ and BFT.
The following stocks had notable downside moves:
LNUX, OLGC, TZOO, HEPH, ADCT, XNL, DDE, SIR, COG, TDW, HANS, HOV, IPII, SWFT, OSG, CHRW, HRS, HOC, NGAS, MRO, BRY, WHQ, GMXR, DRQ, DOIG, PDRT, BTJ, PQ, NUE, AMLN, BSML, NTRI, VSTA, XOM, PCLN, LPTH, PACW, WJCI, BKHM, GES, FD, IWOV, EGLS, ORA, CLEC, CLST, CTLM, EPG, BWTR and DXPE.
I feel the NASDAQ is undervalued and will overweight tech, until I see parity with the DOW. Also, I like the leadership in the market: Tech (+1.5%) and Brokers (+0.85%).
Regarding my positions:
Although PALM is acting like a turd, I will stick with it and wait for positive results.
CMOS is a gapper. I will be selling around $2.70+
ACLI took a day off.
TUG continues to charge ahead. I expect $27, near term.
TXCC is a dice roll.
NUAN is my short squeeze play.
CHS sucks.
I own about 30 stocks, so it doesn't make sense to talk about them all. However, I will say I like the action in most of them and will not put protective hedges on, until the SOX hits 460. Even that is not written in stone.
Despite PALM taking up space, I am up 23.9% ytd.
The following stocks had notable upside moves:
CORS, CLMS, BOT, BRVOE, WVVI, PFGC, SAM, PNRA, CHCI, BXC, LEV, COSI, DENN, PZZI, TBSI, FLIR, CLDN, TUG, SHI, QTWW, FSYS, AVR, TMY, BOOM, IIIN, ENER, BMD, HRT, GTOP, ACAD, LEXG, PRZ, NPSP, NVAX, SVA, CRXL, WGAT, CMGI, LTON, OSTK, EBAY, AMZN, NFLX, TSCM, SIFY, WZEN, QPSA, INCX, CACS, JUPM, BA, CHDX, XING, APAT, TKO, GLBC, NUAN, PWAV, FNSR, ZHNE, GGBM, MRVC, INTV, MSPD, AVCI, NETL, BKRS, PIR, SFP, BKS, URBN, SANYY, GLW, ELX, DGIT, STX, SIGM, BTUI, RMBS, CMOS, EMKR, LRCX, SMTC, SIMG, FORM, IDWK, VTSS, TRID, NSM, BRCM, LSCC, ATHR, PMCS, CSCD, MTSN, RACK, NVT, SIRF, PAY, GTW, CREAF, GRMN, DSS, ANAD, WFR, ITCD, INPC, SBAC, VG, LTBG, WFYW, IFON, TMB, ESPD, CREL, PNSN, EICU, OMRI, VSNT, MCRS, TINY, PCCC, EEEE, AOM, SUF, KAD, SYX, PTC, DY,ITRI, ERJ and BFT.
The following stocks had notable downside moves:
LNUX, OLGC, TZOO, HEPH, ADCT, XNL, DDE, SIR, COG, TDW, HANS, HOV, IPII, SWFT, OSG, CHRW, HRS, HOC, NGAS, MRO, BRY, WHQ, GMXR, DRQ, DOIG, PDRT, BTJ, PQ, NUE, AMLN, BSML, NTRI, VSTA, XOM, PCLN, LPTH, PACW, WJCI, BKHM, GES, FD, IWOV, EGLS, ORA, CLEC, CLST, CTLM, EPG, BWTR and DXPE.
