Monday, September 18, 2006
Closing Comments
I think its safe to say the market is running out of steam. Many stocks, like SIRF, RACK and AKAM, spiked intra-day then sold off-- as hot money went back into oil stocks.
Today's biggest gains were found in the Metals, Energy and Chemical stocks.
I have been very hesitant with my money and still hold more than 20% cash. Normally, I run 30+ trades per day. However, in recent month's, I am lucky to agree on one.
Bad memories, fresh and distant, remind me to tread carefully during September-October. In the past, I have been absolutely poleaxed during October. Therefore, I cannot-- and will not-- let the asshats who mismanage money for a living suck me into their world of fantasy.
In short, I'd rather miss out on this run, than buy now. Until I get my pullback, I will actively run screens, in an effort to identify future positions.
NOTE: I suspect MANY hedge funds who were heavily long oil/gas are now barreling into tech, in order to save their quarter's-- prior to September 30th. Beware of unwarranted runups, which will result in sharp, mind boggling declines.
The following stocks had notable upside moves:
NREB, LAB, FMD, WFMI, AXR, CHB, AVTR, ASEI, PCP, TEX, CX, DRYS, SYNM, HOS, USU, SU, PKD, PCZ, VLO, STO, OXY, PZE, ECA, HOC, NXY, GSF, JOYG, MRO, OMNI, CNR, CAM, GMRK, SWN, EOG, RIG, DPTR, SII, PXP, NEU, HES, EGY, CNQ, BHI, TS, NHY, ARTW, BLDP, LUFK, HNR, WNR, PQ, DPRK, MEK, CLF, TIE, NEU, AAUK, ERS, STLD, ROCK, ATI, CTIC, EMIS, MON, SRA, MATK, ARIA, NTMD, TRCA, FOXH, ELOS, EVVV, NBIX, ISRG, CLZR, GNBT, DSCO, QDEL, LTON, VSTY, BVSN, FLWS, EWEB, WGAT, IGLD, NENG, CMGI, KNOT, DSCM, PCNTF, SA, VGZ, HL, KGC, GG, AU, ABX, TMWD, CACS, ITRA, WAVX, XOM, CAT, TERN, WJCI, HITT, MRVL, IKAN, BRCD, INTV, FTGX, GIGM, AWRE, VRSO, LNOP, AMCC, IIP, EZPW, BEBE, DBRN, JCP, TWN, CATS, PANL, LNUX, ATAR, ECGI, CRYP, RHAT, NVEC, FSL, IBIS, TRID, INTT, DIOD, FORM, EGLS, RMBS, NVDA, SIGM, AMAT, SIMG, UCTT, MFLX, VSEA, GTW, PAY, STEC, DTLK, NTAP, WFR, ASX, TSM, INPC, XING, CTCO, PHI, TKG, PGWC, IDCC, VE, SBS, NDAQ, NOVC, TWLL, HSR, INWK, OMRI, CPX, ATEC, SXCI, VEXP, NREB, CKSW, PORK, LTEC, NMGC, HDTV, VOLC, TST, TRE, GSS, SIM, SBL, KWK, CAH and EDU.
The following stocks had notable downside moves:
BFF, LTS, LAZ, PAS, PFCB, SFD, GVA, IRBT, IPII, RAMS, QLTY, HRS, WYNN, XNL, DVSA, FTI, NKTR, ASTM, BIVN, BVX, MLNM, NKTR, THLD, STXS, CAMH, CNU, CPHD, EBAY, LQDT, NCTY, WZEN, OCCF, VSTH, GEX, PACW, LPTH, APAT, STLW, DPW, TUTS, GGBM, FFIV, HLIT, BBA, FORD, SHRP, SCVL, OLED, CONN, MWY, AEHR, VECO, OVTI, NEXT, GEPT, MVIS, NNDS, SUNW, OVEN, ACTS, AATI, OVRL, LCRD, NTLI, TPC, ENWV, IFON, NSTR, ATAC, GVHR, ARQL, CYDS, ZILA, TTIL, MOBE, QFAB, MEA, AOG, CDY, HDY, HS, NGT, FDC, MGI, NRP, FBR, ARM, TIF, LEA, HRS and DPZ.
Today's biggest gains were found in the Metals, Energy and Chemical stocks.
I have been very hesitant with my money and still hold more than 20% cash. Normally, I run 30+ trades per day. However, in recent month's, I am lucky to agree on one.
Bad memories, fresh and distant, remind me to tread carefully during September-October. In the past, I have been absolutely poleaxed during October. Therefore, I cannot-- and will not-- let the asshats who mismanage money for a living suck me into their world of fantasy.
In short, I'd rather miss out on this run, than buy now. Until I get my pullback, I will actively run screens, in an effort to identify future positions.
NOTE: I suspect MANY hedge funds who were heavily long oil/gas are now barreling into tech, in order to save their quarter's-- prior to September 30th. Beware of unwarranted runups, which will result in sharp, mind boggling declines.
The following stocks had notable upside moves:
NREB, LAB, FMD, WFMI, AXR, CHB, AVTR, ASEI, PCP, TEX, CX, DRYS, SYNM, HOS, USU, SU, PKD, PCZ, VLO, STO, OXY, PZE, ECA, HOC, NXY, GSF, JOYG, MRO, OMNI, CNR, CAM, GMRK, SWN, EOG, RIG, DPTR, SII, PXP, NEU, HES, EGY, CNQ, BHI, TS, NHY, ARTW, BLDP, LUFK, HNR, WNR, PQ, DPRK, MEK, CLF, TIE, NEU, AAUK, ERS, STLD, ROCK, ATI, CTIC, EMIS, MON, SRA, MATK, ARIA, NTMD, TRCA, FOXH, ELOS, EVVV, NBIX, ISRG, CLZR, GNBT, DSCO, QDEL, LTON, VSTY, BVSN, FLWS, EWEB, WGAT, IGLD, NENG, CMGI, KNOT, DSCM, PCNTF, SA, VGZ, HL, KGC, GG, AU, ABX, TMWD, CACS, ITRA, WAVX, XOM, CAT, TERN, WJCI, HITT, MRVL, IKAN, BRCD, INTV, FTGX, GIGM, AWRE, VRSO, LNOP, AMCC, IIP, EZPW, BEBE, DBRN, JCP, TWN, CATS, PANL, LNUX, ATAR, ECGI, CRYP, RHAT, NVEC, FSL, IBIS, TRID, INTT, DIOD, FORM, EGLS, RMBS, NVDA, SIGM, AMAT, SIMG, UCTT, MFLX, VSEA, GTW, PAY, STEC, DTLK, NTAP, WFR, ASX, TSM, INPC, XING, CTCO, PHI, TKG, PGWC, IDCC, VE, SBS, NDAQ, NOVC, TWLL, HSR, INWK, OMRI, CPX, ATEC, SXCI, VEXP, NREB, CKSW, PORK, LTEC, NMGC, HDTV, VOLC, TST, TRE, GSS, SIM, SBL, KWK, CAH and EDU.
The following stocks had notable downside moves:
BFF, LTS, LAZ, PAS, PFCB, SFD, GVA, IRBT, IPII, RAMS, QLTY, HRS, WYNN, XNL, DVSA, FTI, NKTR, ASTM, BIVN, BVX, MLNM, NKTR, THLD, STXS, CAMH, CNU, CPHD, EBAY, LQDT, NCTY, WZEN, OCCF, VSTH, GEX, PACW, LPTH, APAT, STLW, DPW, TUTS, GGBM, FFIV, HLIT, BBA, FORD, SHRP, SCVL, OLED, CONN, MWY, AEHR, VECO, OVTI, NEXT, GEPT, MVIS, NNDS, SUNW, OVEN, ACTS, AATI, OVRL, LCRD, NTLI, TPC, ENWV, IFON, NSTR, ATAC, GVHR, ARQL, CYDS, ZILA, TTIL, MOBE, QFAB, MEA, AOG, CDY, HDY, HS, NGT, FDC, MGI, NRP, FBR, ARM, TIF, LEA, HRS and DPZ.
