Monday, September 11, 2006
Closing Comments
The market was strong today, led by gains in semiconductor and retail stocks. Energy stocks were down, as the underlying commodities continue to soften. I am waiting for the liquidation of certain hedge funds, as MANY of them are getting obliterated due to the decline in oil. Furthermore, its worth speculating what stocks these funds may have to unwind, before the end of the third quarter.
Keep an eye on that.
I am still letting seasonality dictate my investment philosophy. Hence, I am short the semi's and will continue to add to my shorts, until I get my breakdown.
I do not subscribe to simplistic theories, such as: "Well, oil is down-- so the money in oil has to go somewhere-- buy tech."
That's how you lose a bundle in the market.
We are nearing the end of the third quarter-- think earnings warnings.
NOTE: TXN gave benign guidance after the close.
The following stocks had notable upside moves:
PLCC, ROX, DRI, WFMI, SPTN, YUM, PTRY, WCI, LEV, EAGL, SWFT, EXPD, ODFL, WERN, ARTW, AEN, NSS, RAD, STGN, YMI, EVVV, ACAD, NTRI, AET, AFFX, CNU, RTSX, DSCO, LTON, EWEB, HSTM, OSTK, HD, ECLG, ATCO, GIGM, CHDX, ZNH, NT, AKAM, AIRN, FTGX, AGR, LVLT, GLBC, ORCT, ADCT, PWER, AV, AVCI, NETL, VSTH, UARM, MWRK, BBBY, AZO, RAD, ODP, BBY, CC, ZUMZ, CACH, DECK, TTWO, FSL, HILL, DRIV, RNOW, CTXS, TUNE, ISIL, ATHR, MU, CREE, PLAY, SMTC, MVIS, COGO, BITS, MFLX, SPSN, HIMX, LCRD, IOM, BCE, TU, TAR, CTCO, FTE, DT, MDLK, TSU, JOE, QI, BWTR, EGLT, NSTR, CBEY, MA, EVR, CPII, ANGN, HAYZ, SCON, FNET, MFRI, ROHI, AEHR, IRN, ANX, SCT, GRA, HDL, and NWL.
The following stocks had notable downside moves:
SDA, NKZ-WT, WBD, PDA, PPC, HANS, CASA, CHCI, MTRX, BHP, TEX, CLB, MLI, RMIX, HC, RIN, PCR, GBX, DRYS, RAMS, EXM, BUCY, BQI, PLLL, GEOI, ARDI, NGS, SU, PGS, CCJ, CFK, OMNI, BEXP, AEZ, CRED, GDP, QTWW, NEU, BTJ, PDRT, BDCO, EGY, DRQ, TRGL, KFX, DVSA, BRNC, AOOR, BMD, FPP, DK, TGC, ENY, ACI, LUFK, PQ, ERS, NTO, TIE, PD, FCX, NUE, PCU, AAUK, STLD, AL, BOOM, DNA, ISIS, BIVN, PPHM, LEXG, AA, XOM, TSCM, GOAM, ITRA, CNVR, SA, VGZ, HL, KGC, GG, AU, PAAS, ABX, NEM, AUY, GROW, RBAK, VWPT, GGBM, TKO, BWNG, LPTH, OLED, ZRAN, DSTI, IRSN, EMKR, NEXT, GEPT, HYC, HURC, AATI, VG, GRRF, MTE, YORW, CWCO, EPG, KUNA, CREL, CTCM, BAS, VNDA, MIND, NXXI, PARL, IW, NXG, MDG and SLW.
Keep an eye on that.
I am still letting seasonality dictate my investment philosophy. Hence, I am short the semi's and will continue to add to my shorts, until I get my breakdown.
I do not subscribe to simplistic theories, such as: "Well, oil is down-- so the money in oil has to go somewhere-- buy tech."
That's how you lose a bundle in the market.
We are nearing the end of the third quarter-- think earnings warnings.
NOTE: TXN gave benign guidance after the close.
The following stocks had notable upside moves:
PLCC, ROX, DRI, WFMI, SPTN, YUM, PTRY, WCI, LEV, EAGL, SWFT, EXPD, ODFL, WERN, ARTW, AEN, NSS, RAD, STGN, YMI, EVVV, ACAD, NTRI, AET, AFFX, CNU, RTSX, DSCO, LTON, EWEB, HSTM, OSTK, HD, ECLG, ATCO, GIGM, CHDX, ZNH, NT, AKAM, AIRN, FTGX, AGR, LVLT, GLBC, ORCT, ADCT, PWER, AV, AVCI, NETL, VSTH, UARM, MWRK, BBBY, AZO, RAD, ODP, BBY, CC, ZUMZ, CACH, DECK, TTWO, FSL, HILL, DRIV, RNOW, CTXS, TUNE, ISIL, ATHR, MU, CREE, PLAY, SMTC, MVIS, COGO, BITS, MFLX, SPSN, HIMX, LCRD, IOM, BCE, TU, TAR, CTCO, FTE, DT, MDLK, TSU, JOE, QI, BWTR, EGLT, NSTR, CBEY, MA, EVR, CPII, ANGN, HAYZ, SCON, FNET, MFRI, ROHI, AEHR, IRN, ANX, SCT, GRA, HDL, and NWL.
The following stocks had notable downside moves:
SDA, NKZ-WT, WBD, PDA, PPC, HANS, CASA, CHCI, MTRX, BHP, TEX, CLB, MLI, RMIX, HC, RIN, PCR, GBX, DRYS, RAMS, EXM, BUCY, BQI, PLLL, GEOI, ARDI, NGS, SU, PGS, CCJ, CFK, OMNI, BEXP, AEZ, CRED, GDP, QTWW, NEU, BTJ, PDRT, BDCO, EGY, DRQ, TRGL, KFX, DVSA, BRNC, AOOR, BMD, FPP, DK, TGC, ENY, ACI, LUFK, PQ, ERS, NTO, TIE, PD, FCX, NUE, PCU, AAUK, STLD, AL, BOOM, DNA, ISIS, BIVN, PPHM, LEXG, AA, XOM, TSCM, GOAM, ITRA, CNVR, SA, VGZ, HL, KGC, GG, AU, PAAS, ABX, NEM, AUY, GROW, RBAK, VWPT, GGBM, TKO, BWNG, LPTH, OLED, ZRAN, DSTI, IRSN, EMKR, NEXT, GEPT, HYC, HURC, AATI, VG, GRRF, MTE, YORW, CWCO, EPG, KUNA, CREL, CTCM, BAS, VNDA, MIND, NXXI, PARL, IW, NXG, MDG and SLW.
