Wednesday, August 23, 2006
Norah Jones: Come Away with Me
Tuesday, August 22, 2006
Closing Comments
It appears the market is consolidating its recent gains and is setting up for, what I expect, a violent move to the upside or downside.
The bias is definitely to the upside; however, disappointments from companies like NSM and MRVL can stomp the bull out in fairly short order.
So, be on alert for any key reversals on heavy volume.
As for my recent positions: I am just nibbling at some dogs like ERS,CHS, CMOS and PALM. I feel the latter (PALM) has a good shot at $16 and may spike to $18 on a successful launch of the new Treo, scheduled for mid September.
As you know, I am going on vacation tomorrow and will be returning on Monday.
See you then!
The following stocks had notable upside moves:
LTS, BFF, ISE, NKZ-WT, OPY, TWPG, VPS, LWAY, WVVI, NAFC, HANS, CPO, TARR, GVA, MLS, RMIX, IPII, UIC, AMN, AXYS, BBI, SYNM, ARD, EP, TOPT, DPTR, TXCO, GBLE, GMXR, MGPI, PEIX, ANDE, GSX, WEL, BTJ, PDRT, HOKU, DK, FTO, FCEL, MIND, CRIS, KOOL, BSML, CAMH, AVII, NVAX, TZOO, ELOY, WGAT, RNWK, NENG, TFSM, APTM, SA, VGZ, QPSA, LQDT, NCTY, JOBS, GGBM, PACW, ATCO, TUTS, LVLT, TERN, TRBM, SANYY, CATS, CRYP, HILL, IWOV, CBZ, PRTL, ATAR, AMD, CNXT, SMTL, NVEC, XMSR, HURC, GTW, GEPT, IMX, IOTN, OVEN, BITS, SIRI, CREAF, ORA, ASX, VIMC, AXTI, NTAP, TAR, RCCC, LTBG, IIT, WTHN, DANKY, PGWC, TVIN, PTT, IRN, WLM, LBY, SIR, PBY and WY.
The following stocks had notable downside moves:
ICE, LAB, JDSA, SNAK, MSSR, EME, MVCO, ACLI, TRMP, GASS, GGR, IMCO, TONS, AOOR, CNR, MYGN, LDG, MED, STJ, MSFT, HSTM, GOAM, ARTG, NFLX, REDE, CORI, AQNT, JUPM, JADE, EGHT, WJCI, MRVL, TKO, BBA, CC, CTIB, HAR, EVST, TWTR, CACH, ESST, RMBS, SGTL, MOSY, NVLS, GFX, PALM, QLGC, BTM, TNE, CYCL, CLZR, NICH, MDTL, RMD, ENT, MGM and PSA.
The bias is definitely to the upside; however, disappointments from companies like NSM and MRVL can stomp the bull out in fairly short order.
So, be on alert for any key reversals on heavy volume.
As for my recent positions: I am just nibbling at some dogs like ERS,CHS, CMOS and PALM. I feel the latter (PALM) has a good shot at $16 and may spike to $18 on a successful launch of the new Treo, scheduled for mid September.
As you know, I am going on vacation tomorrow and will be returning on Monday.
See you then!
The following stocks had notable upside moves:
LTS, BFF, ISE, NKZ-WT, OPY, TWPG, VPS, LWAY, WVVI, NAFC, HANS, CPO, TARR, GVA, MLS, RMIX, IPII, UIC, AMN, AXYS, BBI, SYNM, ARD, EP, TOPT, DPTR, TXCO, GBLE, GMXR, MGPI, PEIX, ANDE, GSX, WEL, BTJ, PDRT, HOKU, DK, FTO, FCEL, MIND, CRIS, KOOL, BSML, CAMH, AVII, NVAX, TZOO, ELOY, WGAT, RNWK, NENG, TFSM, APTM, SA, VGZ, QPSA, LQDT, NCTY, JOBS, GGBM, PACW, ATCO, TUTS, LVLT, TERN, TRBM, SANYY, CATS, CRYP, HILL, IWOV, CBZ, PRTL, ATAR, AMD, CNXT, SMTL, NVEC, XMSR, HURC, GTW, GEPT, IMX, IOTN, OVEN, BITS, SIRI, CREAF, ORA, ASX, VIMC, AXTI, NTAP, TAR, RCCC, LTBG, IIT, WTHN, DANKY, PGWC, TVIN, PTT, IRN, WLM, LBY, SIR, PBY and WY.
The following stocks had notable downside moves:
ICE, LAB, JDSA, SNAK, MSSR, EME, MVCO, ACLI, TRMP, GASS, GGR, IMCO, TONS, AOOR, CNR, MYGN, LDG, MED, STJ, MSFT, HSTM, GOAM, ARTG, NFLX, REDE, CORI, AQNT, JUPM, JADE, EGHT, WJCI, MRVL, TKO, BBA, CC, CTIB, HAR, EVST, TWTR, CACH, ESST, RMBS, SGTL, MOSY, NVLS, GFX, PALM, QLGC, BTM, TNE, CYCL, CLZR, NICH, MDTL, RMD, ENT, MGM and PSA.
Sector Spotlight: Energy
It appears Tropical Storm Debby will be official by tonight, as a result investors are piling into hurricane/energy plays.
However, being an avid follower of weather patterns, I suggest not "betting" on any storm hitting the Gulf over the next week. The projected path of Debby will land the storm dead smack in the middle of the Atlantic-- nowhere near an oil rig.
Nonetheless, certain energy related stocks are heating up.
Here is my list:
HOKU +33%
MGPI +14.3%
BTJ +14%
DPTR +10%
TXCO +8%
PEIX +6.5%
DBLE +3.9%
DK +3.4%
GMXR +3.3%
FTO +3.2%
GSX +3%
ARD +2.8%
PTR +2.5%
Bottom line: The sector looks good for a trade.
However, being an avid follower of weather patterns, I suggest not "betting" on any storm hitting the Gulf over the next week. The projected path of Debby will land the storm dead smack in the middle of the Atlantic-- nowhere near an oil rig.
Nonetheless, certain energy related stocks are heating up.
Here is my list:
HOKU +33%
MGPI +14.3%
BTJ +14%
DPTR +10%
TXCO +8%
PEIX +6.5%
DBLE +3.9%
DK +3.4%
GMXR +3.3%
FTO +3.2%
GSX +3%
ARD +2.8%
PTR +2.5%
Bottom line: The sector looks good for a trade.
Fly Buy: CMOS
I bought 10,000 CMOS @ $2.06.
Quick Alert: Headfake
The market is testing the bulls patience and fortitude, driving the indices into the red. I sense this decline is a garden variety shakeout.
So, I will continue to add to some of my favorite dogs, like PALM.
So, I will continue to add to some of my favorite dogs, like PALM.
Fly Buy: PALM
I bought 20,000 shares of PALM, between $15.05-15.12.
UPDATE: I bought another 5,000 shares @ $15.
UPDATE 2: I bought another 5,000 shares, between $14.96-15.
UPDATE 3: I bought another 5,000 shares, between $14.95-14.96.
UPDATE: I bought another 5,000 shares @ $15.
UPDATE 2: I bought another 5,000 shares, between $14.96-15.
UPDATE 3: I bought another 5,000 shares, between $14.95-14.96.
Sector Spotlight: Internet
I want to point to the internet sector because they seem to have caught a bid. Most of these stocks are heavily shorted and still have decent revenue and earnings growth. And, with the summer winding down, next thing you know, the holiday shopping season will be upon us and the jerks at CNBC will feature these stocks every 15 minutes.
As far as today's broader market is concerned: it looks good. We have a rally going that confirms why I was so hesitant to open up a short position yesterday. Even though this rally is probably a little long in the tooth, it will likely trend higher until September.
Then watchout.
Here is a list of today's internet stocks with mojo:
TZOO +8.2%
TFSM +5%
EXPE +3.9%
EBAY +3.9%
ALOY +3.8%
RNWK +3.6%
SIFY +3.1%
CKCM +3%
TSCM +2.8%
MCHX +2.7%
VCLK +2%
OSTK +1.6%
IACI +1.6%
CNET +1.6%
NOTE: The semi's are showing plenty of strength today, with big gains in AMD, CNXT, TRID, FORM, MTSN, CHRT, WFR and UCTT.
As far as today's broader market is concerned: it looks good. We have a rally going that confirms why I was so hesitant to open up a short position yesterday. Even though this rally is probably a little long in the tooth, it will likely trend higher until September.
Then watchout.
Here is a list of today's internet stocks with mojo:
TZOO +8.2%
TFSM +5%
EXPE +3.9%
EBAY +3.9%
ALOY +3.8%
RNWK +3.6%
SIFY +3.1%
CKCM +3%
TSCM +2.8%
MCHX +2.7%
VCLK +2%
OSTK +1.6%
IACI +1.6%
CNET +1.6%
NOTE: The semi's are showing plenty of strength today, with big gains in AMD, CNXT, TRID, FORM, MTSN, CHRT, WFR and UCTT.
Monday, August 21, 2006
David Gray: Please Forgive Me
Closing Comments
What a bullshit day!
Days like this force me to go on vacation. I was frozen all day, unable to determine what the market was telling me. Again, the voices in my head gently whispered to short RACK, but is wasn't a screaming sell. So, I did nothing.
The only thing I was man enough to buy was a little GLD and TUG on a dip.
What a pussy!
Anyway, I will be going on vacation Wednesday and will be back to trading foolishly next Monday (8/28).
Finally, my gut tells me to fade the rallies, but my brain tells me there is still some room for upside.
To sum it up in one word: Indecisive.
The following stocks had notable upside moves:
TWPG, GKIS, PPC, SAFM, SVI, LWAY, BKC, VG, EME, CCJ, MRO, NAT, PEIX, HAWK, GDP, NEU, TEC, CNR, HNR, HOKU, FUEL, TGC, CWPC, CLHB, YPF, DK, MIND, SLW, BVN, FCX, CUP, AAUK, VGZ, SA, PAAS, NEM, KGC, GROW, NXG, HL, GG, AUY, AU, GOLD, GBN, NSU, RNO, SIL, GSS, MNG, TARO, AVNR, GTOP, NPSP, AVII, OLAB, CTIB, FTGX, HWCC, PHTN, ENPT, PGWC, PBY, ABD, GTW, CDE, BVSN, SRVY, ADAM, CTDC, LTRX, GEX, CBOU, CACH, IDWK, MOSY, IBIS, SGTL, GEPR, IOTN, TRMB, BITS, TIVO, INTL, BTM, CLEC, LVLT, RCCC, TAR, XING, SURW, IDCC, VIP and OMRI.
The following stocks had notable downside moves:
SPAB, KNSY, HAST, MDTL, MRGE, IMX, TMY, RTK, DG, VC, F, ASH, MTH, TRW, SLR, NSM, LAB, CFC, LEND, BOT, ET, WVVI, FIZ, CAV, BMHC, SPF, RYL, TOL, HOV, WCI, EXP, DW, IRBT, XOHO, WYNN, NTRI, SHI, BUCY, QTWW, SPWR, SNSA, STP, DVSA, AG, TRN, FDX, ERS, NL, STGN, ACAD, BLUD, LEXG, AFFX, PRZ, MED, HPQ, MIVA, STMP, FLWS, CMGI, RATE, AMZN, VCLK, ECLG, MNST, LQDT, NCTY, STXN, CHKP, LOOK, YHOO, REDF, CYD, CHU, NETL, WJCI, OCCF, RBAK, RACK, SFNT, NUAN, TKO, FNSR, SONS, BKHM, EQIX, ANTP, SMDI, AKAM, FRED, LOW, JOSB, GME, BBY, SCVL, VLCM, EVST, NDN, ZUMZ, COLM, ARO, URBN, JCG, IX, GNSS, PXLW, AUO, SIMG, TRID, NVDA, HILL, THQI, SMTL, ISIL, NSM, AMKR, CMOS, STTS, BRCM, MRVL, SSTI, MSCC, EMKR, NVEC, KLIC, CREE, SIRF, LPL, SYNA, SUPX, ASX, UMC, CHRT, LCRD, CHL, CCOI, LTBG, ALA, NOIZ, KONG, CWCO, NDAQ, CLAY, BWTR, LOOP and OXPS.
Days like this force me to go on vacation. I was frozen all day, unable to determine what the market was telling me. Again, the voices in my head gently whispered to short RACK, but is wasn't a screaming sell. So, I did nothing.
The only thing I was man enough to buy was a little GLD and TUG on a dip.
What a pussy!
Anyway, I will be going on vacation Wednesday and will be back to trading foolishly next Monday (8/28).
Finally, my gut tells me to fade the rallies, but my brain tells me there is still some room for upside.
To sum it up in one word: Indecisive.
The following stocks had notable upside moves:
TWPG, GKIS, PPC, SAFM, SVI, LWAY, BKC, VG, EME, CCJ, MRO, NAT, PEIX, HAWK, GDP, NEU, TEC, CNR, HNR, HOKU, FUEL, TGC, CWPC, CLHB, YPF, DK, MIND, SLW, BVN, FCX, CUP, AAUK, VGZ, SA, PAAS, NEM, KGC, GROW, NXG, HL, GG, AUY, AU, GOLD, GBN, NSU, RNO, SIL, GSS, MNG, TARO, AVNR, GTOP, NPSP, AVII, OLAB, CTIB, FTGX, HWCC, PHTN, ENPT, PGWC, PBY, ABD, GTW, CDE, BVSN, SRVY, ADAM, CTDC, LTRX, GEX, CBOU, CACH, IDWK, MOSY, IBIS, SGTL, GEPR, IOTN, TRMB, BITS, TIVO, INTL, BTM, CLEC, LVLT, RCCC, TAR, XING, SURW, IDCC, VIP and OMRI.
The following stocks had notable downside moves:
SPAB, KNSY, HAST, MDTL, MRGE, IMX, TMY, RTK, DG, VC, F, ASH, MTH, TRW, SLR, NSM, LAB, CFC, LEND, BOT, ET, WVVI, FIZ, CAV, BMHC, SPF, RYL, TOL, HOV, WCI, EXP, DW, IRBT, XOHO, WYNN, NTRI, SHI, BUCY, QTWW, SPWR, SNSA, STP, DVSA, AG, TRN, FDX, ERS, NL, STGN, ACAD, BLUD, LEXG, AFFX, PRZ, MED, HPQ, MIVA, STMP, FLWS, CMGI, RATE, AMZN, VCLK, ECLG, MNST, LQDT, NCTY, STXN, CHKP, LOOK, YHOO, REDF, CYD, CHU, NETL, WJCI, OCCF, RBAK, RACK, SFNT, NUAN, TKO, FNSR, SONS, BKHM, EQIX, ANTP, SMDI, AKAM, FRED, LOW, JOSB, GME, BBY, SCVL, VLCM, EVST, NDN, ZUMZ, COLM, ARO, URBN, JCG, IX, GNSS, PXLW, AUO, SIMG, TRID, NVDA, HILL, THQI, SMTL, ISIL, NSM, AMKR, CMOS, STTS, BRCM, MRVL, SSTI, MSCC, EMKR, NVEC, KLIC, CREE, SIRF, LPL, SYNA, SUPX, ASX, UMC, CHRT, LCRD, CHL, CCOI, LTBG, ALA, NOIZ, KONG, CWCO, NDAQ, CLAY, BWTR, LOOP and OXPS.
Fly Buy: TUG
I bought 1,000 shares of TUG @ $22.80.
Fly Buy: GLD
I bought 1,000 shares of GLD @ $62.20.
Perpetual Bulls in Energy
Despite the volatile trading range oil has been in, certain energy stocks go up all the time-- no matter what happens to the underlying commodity.
With oil on the rebound, it appears safe to dive back into the sector, head first (as always), in an effort to squeeze out a few percentage points-- prior to the end of the quarter.
Here is a list of energy stocks that are in big time bull mode:
DK, ALJ, VLO, TSO, ARD, SU, CEO, GDP, NEU, WNR, ERF and HOC.
NOTE: Most of the stocks mentioned above are refiners. It makes sense to go with the stocks that have strong uptrends, opposed to betting on a turnaround in a sick stock.
With oil on the rebound, it appears safe to dive back into the sector, head first (as always), in an effort to squeeze out a few percentage points-- prior to the end of the quarter.
Here is a list of energy stocks that are in big time bull mode:
DK, ALJ, VLO, TSO, ARD, SU, CEO, GDP, NEU, WNR, ERF and HOC.
NOTE: Most of the stocks mentioned above are refiners. It makes sense to go with the stocks that have strong uptrends, opposed to betting on a turnaround in a sick stock.
Buy on Dips?
Hell no.
I don't believe investors are courageous enough to keep this bull thing going for too much longer. After all, we are heading into the back end of August and we all know how bad September is for the market.
However, that does not mean the market cannot rally for another week or two.
My point is this: try not to fight the trend. The market is not healthy enough for you or me to go out and buy on the first dip we see. That's how you lose all of your money and end up on the soup line.
Instead, if you are inclined to be bullish, buy gradually in small increments. And, consider shorting some stocks, in order to hedge your long positions.
The aggressive downside moves in tech stocks are alarming because it can spill over and technically wreck whatever bullish patterns exist. Right now, I am very close to opening up a short position on RACK.
Anyway, the way I read today's tape vexes me because I have been buying stocks and covering shorts, as of late. It angers me to be in a position where I am at the markets mercy and need to wish or pray for the stock God's to smile upon me.
So, instead of wishing like an imbecile, I will take action today, in order to control my destiny.
More on this later.
I don't believe investors are courageous enough to keep this bull thing going for too much longer. After all, we are heading into the back end of August and we all know how bad September is for the market.
However, that does not mean the market cannot rally for another week or two.
My point is this: try not to fight the trend. The market is not healthy enough for you or me to go out and buy on the first dip we see. That's how you lose all of your money and end up on the soup line.
Instead, if you are inclined to be bullish, buy gradually in small increments. And, consider shorting some stocks, in order to hedge your long positions.
The aggressive downside moves in tech stocks are alarming because it can spill over and technically wreck whatever bullish patterns exist. Right now, I am very close to opening up a short position on RACK.
Anyway, the way I read today's tape vexes me because I have been buying stocks and covering shorts, as of late. It angers me to be in a position where I am at the markets mercy and need to wish or pray for the stock God's to smile upon me.
So, instead of wishing like an imbecile, I will take action today, in order to control my destiny.
Sector Spotlight: Gold
I have a very bad feeling about today's decline. It has the look and feel of more pain to come.
Today's safety nets are found in Energy, Utilities, Food and Precious Metals. Classic defense.
In short, I suggest not buying any tech stocks. Instead, find a few you despise and short them, in order to hedge your long positions.
But, the gold sector caught my attention-- due to the violent upside moves. The sector is acting as if it wants to go alot higher; therefore, I have put together a list of today's movers.
VGZ +7%
MNG +7%
GBN +6%
SA +5%
LIHRY +5%
AEM +4.6%
GLG +4.4%
HL +4.1%
KGC +3.9%
GROW +3.6%
GG +3.3%
AUY +3%
NEM +2.9%
NOTE: Silver and Copper stocks are showing strength too. SLW, PAAS, CUP, NXG, FCX, SLW and AAUK all have notable upside moves.
UPDATED NOTE: Today's move in Gold is being fueled by the dollar getting clawhammered. If you want to diversify your cash position, buy FXE (Euro Currency Trust). Normally, my cash position is divided amongst several different currencies. The Euro is my favorite.
Today's safety nets are found in Energy, Utilities, Food and Precious Metals. Classic defense.
In short, I suggest not buying any tech stocks. Instead, find a few you despise and short them, in order to hedge your long positions.
But, the gold sector caught my attention-- due to the violent upside moves. The sector is acting as if it wants to go alot higher; therefore, I have put together a list of today's movers.
VGZ +7%
MNG +7%
GBN +6%
SA +5%
LIHRY +5%
AEM +4.6%
GLG +4.4%
HL +4.1%
KGC +3.9%
GROW +3.6%
GG +3.3%
AUY +3%
NEM +2.9%
NOTE: Silver and Copper stocks are showing strength too. SLW, PAAS, CUP, NXG, FCX, SLW and AAUK all have notable upside moves.
UPDATED NOTE: Today's move in Gold is being fueled by the dollar getting clawhammered. If you want to diversify your cash position, buy FXE (Euro Currency Trust). Normally, my cash position is divided amongst several different currencies. The Euro is my favorite.
