Monday, October 09, 2006
Closing Comments
The only aspect of this market that makes me nervous is the absent seller. I mean, where the hell are the sellers?
Everyday the market powers forward, on good news or bad-- it doesn't matter. Frankly, it's starting to get a little too easy, considering we are now entering the earnings season priced for perfection.
May God protect the dip-buyers if earnings come in less than stellar. If so, I anticipate sharp sell-off's in everything high multiple. This is going to be a pivotal earnings season for the market.
Furthermore, until the "Goldilocks" economic story can be disproven, the market looks ripe to keep going higher.
There really isn't much to say.
As for today's markets:
We saw considerable gains in the Metal, Alt. Energy, Homebuilder and Semiconductor stocks. And, minor losses were spotted in Oil, Telecom and Networking stocks.
NOTE: It's official! GOOG is buying YouTube for 1.65 billion. A fucking steal! No joke. I feel GOOG is going to enjoy another leg up in stock price-- due to this YouTube deal. A great deal for GOOG shareholders. YHOO is fucking doomed.
The following stocks had notable upside moves:
MNCS, CME, FACT, ITG, PDA, SVU, PZZI, CMG, IMKTA, MAYS, BMHC, BHS, RYL, OHB, BLDR, HOV, IPII, TEX, DE, CHNR, ENG, ABLE, PEIX, ARTW, VSE, GPRE, ANDE, ADM, MGPI, AEZ, SPWR, PDRT, NEU, BDCO, CFW, HSR, ERS, ATI, X, NUE, AOB, DNA, NRPH, SHPGY, MDV, ISIS, HRT, MATK, NABI, RIGL, BLUD, ACAD, BSML, IFLO, ACOR, GNBT, AOB, TZOO, GOAM, MAMA, MIVA, IGLD, KNOT, GM, GROW, QPSA, CNVR, NTRT, HAUP, ICGE, XING, CTDC, FTGX, AGR, FNSR, INPH, NWK, IKAN, ONT, TRBM, AVCI, GEX, NETL, JAKK, BAMM, LF, JCG, BID, BONT, SCVL, NVDA, OLED, CSPI, ININ, SMSI, INFY, BMC, NWRE, AMKR, ATHR, MOSY, NVLS, LSCC, NSM, VECO, DSTI, KLAC, HITT, PLXT, VSEA, TSEM, HIMX, WFR, CVC, TASR, RIMM, LXK, DTLK, XRTX, DECC, TKG, PGWC, EPG, DIL, PGTI, INWK, TRGT, LUNA, GRRF, EVR, CVLT, SFLY, PEIX, CNXS, MRBK, MEMY, NEOL, SURG, VEXP, ADL, COR, SIM, BW, ARC, SYX, GY and AXL.
The following stocks had notable downside moves:
PNC, BOT, KB, DRYS, ACP, URRE, PLLL, XNL, WRES, JDO, FPP, SATC, HOKU, IPSU, RTK, ESRX, CHTT, NTMD, ACAM, BBC, YMI, PRZ, XOM, EWEB, SFE, DIET, WZEN, PWAV, DPW, AWRE, AVNX, CIEND, AFOP, VWPT, MSPD, PXG, EVST, ATAR,, IBIS,VSTH,TGAL, AMD, PLAY, MFLX, CAMT, MVIS, BITS, IMX, LPL, STX, TAR, TPC, ULCM, WTT, ATEC, MA, TWLL, MATR, PRSC, MOBE, GOL and BGO.
Everyday the market powers forward, on good news or bad-- it doesn't matter. Frankly, it's starting to get a little too easy, considering we are now entering the earnings season priced for perfection.
May God protect the dip-buyers if earnings come in less than stellar. If so, I anticipate sharp sell-off's in everything high multiple. This is going to be a pivotal earnings season for the market.
Furthermore, until the "Goldilocks" economic story can be disproven, the market looks ripe to keep going higher.
There really isn't much to say.
As for today's markets:
We saw considerable gains in the Metal, Alt. Energy, Homebuilder and Semiconductor stocks. And, minor losses were spotted in Oil, Telecom and Networking stocks.
NOTE: It's official! GOOG is buying YouTube for 1.65 billion. A fucking steal! No joke. I feel GOOG is going to enjoy another leg up in stock price-- due to this YouTube deal. A great deal for GOOG shareholders. YHOO is fucking doomed.
The following stocks had notable upside moves:
MNCS, CME, FACT, ITG, PDA, SVU, PZZI, CMG, IMKTA, MAYS, BMHC, BHS, RYL, OHB, BLDR, HOV, IPII, TEX, DE, CHNR, ENG, ABLE, PEIX, ARTW, VSE, GPRE, ANDE, ADM, MGPI, AEZ, SPWR, PDRT, NEU, BDCO, CFW, HSR, ERS, ATI, X, NUE, AOB, DNA, NRPH, SHPGY, MDV, ISIS, HRT, MATK, NABI, RIGL, BLUD, ACAD, BSML, IFLO, ACOR, GNBT, AOB, TZOO, GOAM, MAMA, MIVA, IGLD, KNOT, GM, GROW, QPSA, CNVR, NTRT, HAUP, ICGE, XING, CTDC, FTGX, AGR, FNSR, INPH, NWK, IKAN, ONT, TRBM, AVCI, GEX, NETL, JAKK, BAMM, LF, JCG, BID, BONT, SCVL, NVDA, OLED, CSPI, ININ, SMSI, INFY, BMC, NWRE, AMKR, ATHR, MOSY, NVLS, LSCC, NSM, VECO, DSTI, KLAC, HITT, PLXT, VSEA, TSEM, HIMX, WFR, CVC, TASR, RIMM, LXK, DTLK, XRTX, DECC, TKG, PGWC, EPG, DIL, PGTI, INWK, TRGT, LUNA, GRRF, EVR, CVLT, SFLY, PEIX, CNXS, MRBK, MEMY, NEOL, SURG, VEXP, ADL, COR, SIM, BW, ARC, SYX, GY and AXL.
The following stocks had notable downside moves:
PNC, BOT, KB, DRYS, ACP, URRE, PLLL, XNL, WRES, JDO, FPP, SATC, HOKU, IPSU, RTK, ESRX, CHTT, NTMD, ACAM, BBC, YMI, PRZ, XOM, EWEB, SFE, DIET, WZEN, PWAV, DPW, AWRE, AVNX, CIEND, AFOP, VWPT, MSPD, PXG, EVST, ATAR,, IBIS,VSTH,TGAL, AMD, PLAY, MFLX, CAMT, MVIS, BITS, IMX, LPL, STX, TAR, TPC, ULCM, WTT, ATEC, MA, TWLL, MATR, PRSC, MOBE, GOL and BGO.
