1/24/05

1/24/05
the market is drifting lower everyday...
Many stocks are cheap compared to a month ago... and you should selectively pick the one to enter...
low-mid caps stocks are probably the way to go...
although most of the time, the larger cap stocks should go first...
as you can see the break down of expensive stocks like SNDA, JOBS are huge and fast.... they are probably not going to see those highs anytime soon...but we still like some of the smaller one
we still own LONG ECST AIRN AIRT NINE BWNG CYD
other stocks i would buy at this level (WITH STOP)
JDSU NT TASR RIMM GOOG(DEFINITELY STOP) CYBX EYET PLMO AAPL
after the earning is over, we may probably see some positive movement from the market.... stay tuned.

1/24/05

1/24/05
the market is drifting lower everyday...
Many stocks are cheap compared to a month ago... and you should selectively pick the one to enter...
low-mid caps stocks are probably the way to go...
although most of the time, the larger cap stocks should go first...
as you can see the break down of expensive stocks like SNDA, JOBS are huge and fast.... they are probably not going to see those highs anytime soon...but we still like some of the smaller one
we still own LONG ECST AIRN AIRT NINE BWNG CYD
other stocks i would buy at this level (WITH STOP)
JDSU NT TASR RIMM GOOG(DEFINITELY STOP) CYBX EYET PLMO AAPL
after the earning is over, we may probably see some positive movement from the market.... stay tuned.

Trade Alert

We covered our GOOG share at 193.5 this morning...(gain of $10/share in 2 day)
Covering SIRI here at 5.6 (short originally at 6.5 and 9)
Bought NT at 3.1
current holding:
BWNG NINE ECST LONG AIRT
we added CYD AIRN yesterday
we added NT today

Raj, SYMC is going to spend some time here...if you don't want to tie up your money here... wait til a break out of 26 to buy... but long term it should be fine...
CREAF is not doing so good today....

Trade Alert

We entered our short position on GOOG yesterday around 204. See if this reversal will continue.
Alert on CYD: a bounce from 9.7 looks quite good... we are buying it here at 10.3
Alert on AIRN: falling back on the last support area... we are in at 4.25...

Stocks to watch!

After the bell, YHOO MOT JNPR CHKP all delivered pretty good reports...though the afterhour reactions for these stocks are quite different, the internet sector may get a minor boost tomorrow...
GOOG: watch this carefully as GOOG is breaking its high... we think it is pricey, but who knows if YHOO's result will push GOOG higher tomorrow...GOOG's float is getting larger and larger, so becareful with the selling pressure to mount...
JOBS: disaster today... watch to see if 25 can hold... expect it to see 20 until the dust settle! this is another lesson to learn when you long or short high valuation company... before the drop, the company is really expensive, but momentum is going forward, so the momentum crowd leads... i believe SNDA is expensive as well... but it really depends how long the company can substain its growth rate...TASR is another example .... SIRI is the same, and the drop should soon happen...but you have to look at example like TZOO, sometimes it may take a long time for the market to adjust itself....!!!
EYET: i would pay attention to EYET right now..after a bit of correction, it may worth to look at this again! if it can stay above 40, its a good sign!
the market acts quite boring lately, stay both at long and short to hedge yourself...
at this point, i would consider the following for long:
XMSR NINE LONG ECST OSIP PLMO AIRT AAPL CYD FNSR INSP EYET DITC TERN (CREAF worth to watch right now) SYMC
short:
GOOG SIRI MSTR SNDA NVDA
NOTICE: i don't mean its a good time to long or short on these stocks right now, getting in at the right timing is very critical...watch these carefully!

Monday 1/17

several names to watch next week, watch the big internet names like YHOO EBAY, both crossed the 50MA. The result should be good, but we will see if profit taking will continue!
NGPS: we have been watching this, don't catch a falling knife, watch the MA, and around 16 area...
AIRT: let's wait and see if this area will hold.. its temporarily oversold, and we need to see a break of 15 for another up trend though!
MSTR: short candidate..temp. oversold, on the upside, it is right where the last gap up area...if it holds 58 area, it may bounce up..but resistance at 60-62
FNSR: volume increased and now at 1.6... just crossed the 200ma...watch and see if this support will hold...
JOBS: becareful at this level... a break below this level may test level around 35...
SNDA: unless it breaks above 40 level...it may continue its downtrend from here...35 is an improtant level here.... expect another side trade around 28-34 level if it breaks down from here...
XMSR: any bounce may become a short opportunity.....
continue to look at RIMM AAPL GOOG AVNX BKHM SIRI NINE
we are in the earning season... after a quick correction at the beginning of the month, are we going to see some bounce? we are right at the 20MA... and temp. oversold ...we need a break above 2111.... let's see what happen....
please let me know if you are looking at any stocks!

Update

Will come back and update on some stocks this weekend...
Monday is holiday...hope everybody has a nice holiday weekend!

I would like to invite some of you to post/write comments on the main body...please email me with your info... there are many visitors here, and i encourage you to let us know your trading ideas, comments....most importantly, help us to promote our weblog to your friends!
thanks!

Briefing.com

Recap from Briefing.com

EPIX -36%, ANTP -35%, DNDN -33%, INTX -27%, OLED -26%, AMD -24%, CREE -24%, MPWR -24%, RJET -22%, HDTV -21%, NGPS -21%, SYPR -20%, HRT -20%, GOAM -19%, NWK -17%, ZICA -17%, ISTA -17%, LDIS -16%, GMTN -16%, MGAM -16%, ABMD -16%, ANGO -16%, CRM -15%, TASR -13%

VRST +49%, LCBM +41%, APPX +37%, NEOF +34%, SLNK +33%, HLIT +31%, FARM +28%, AEPI +27%, CLHB +26%, LPL +26%, WLS +25%, RATE +24%, TGA +23%, FOXH +23%, IMAX +23%, LMLP +23%, GMXR +21%

Companies reporting earnings the week of Jan 18th-21st include: Tuesday, Jan 18th: CRAI, FAST, PCP, STT, ABT, BAC, FITB, NCC, RF, SCH, ACO, FRX, MMM, AMTD, ASO, FCX, PH, USB, WFC, FLWS, JCI, HTLD, AMD, LLTC, YHOO, DRL, JNPR, RMBS, CHKP, IBM, FSL, MOT, PLT, SOV, STX, TSS, WSTL, KMI, KMP, RYL, TER, VIRL... Wednesday, Jan 19th: ASML, GM, HIB, LUV, RDC, WB, ETH, EXAR, JEF, MEL, SAFC, APH, BK, CVG, JPM, LU, NTRS, NWAC, PFE, PMTC, CIT, FHN, XJT, SLM, KNX, AMR, RJF, SYMC, QLGC, JKHY, ACXM, COF, DSS, EBAY, EXTR, MACR, PLNR, RDN, SNV, TK, WM, HUMC, IIVI, FFIV, SWKS, DOX, ISSC, QCOM... Thursday, Jan 20th: ISCA, HDI, IONA, MRCY, UNH, DPH, CAL, CMA, F, CBSS, AD, LRCX, WERN, CKFR, ASPT, ELY, MRX, STEL, PVN, AACE, ACS, CAMD, CYT, ELX, HLIT, KLAC, KRB, SFA, SYNA, XLNX, TRID, HTCH, MROI, KANA, CHTT, PLAY, VIGN, DAL, KNSY, NITE, PRXL, AFCO, BEBE, CCBL, CHIC, GDW, IEX, RESP, SIRF, SUN, T, PPG, IGT, REY, PGR, DHI, HDWR, STI, SUN, PGR... Friday, Jan 21st: GE, AOS, KEY, HBAN, WIT, PNC, UTX, AT, BGG, FPL, FO, WL, WY, ADP, CRS, LAB, ICST, AWA, CCUR.

1/13/05 HIGHLIGHT

SIRI: today's volume is not impressive, although it manage to end up in positive territory. currently at 50MA, it really needs a lot of strength to break 7 to go back and test the high...otherwise, it should continue its downward slide.
NINE: need some ground works here...hope this area can hold, and it should manage to work its way up...one firm upgraded with 13 price target.
JOBS: looks like current downtrend may continue...only if it can break above 45, and hold above 46.5, then it may have a chance to move up...another scenario is to fill the gap, which it did yesterday and today...and bounce right above the 50MA...today's selling volume has decreased..look for the move and volume...
SNDA: watch and see if this area at 37.5 will hold...if it fails to bounce, it should continue to slide to low 32...
AAPL: a black candle, the key is going to be tomorrow's action...minor pullback may happen but i expect 67.5 is the most it will retreat to...if it sucessfully holds up at 70...it should continue its way up....
CREAF: a fail of break out above 16...
SONS: looks like a good follow through... any pull back to 6 is a buy...
LONG: looks like the bottom is in...but too soon to tell...hope to see some bigger volume day...
AIRT: trade back down from yesterday's high, but hope to see a base to develop here... oversold territory...
JUPM: if you still have the short... congrat...it traded down from 24 when we recommended...we closed out early...and its a 25% gain if you cover now...
FNSR: looks like 200MA is getting closer...oversold and they reported good earnings in Dec, unfortunately it came back down and now filled the gap...
also take a look at these stocks:
AVNX BKHM NTE UTSI NILE GOOG RIMM