Wednesday, December 26, 2007

Quick Note

The market is firming nicely and smaller growth stocks are popping right and left at the moment.

I took a small position in JRJC (ave. 23.14). JRJC is a Chinese online trading services company and a former-glory play that had run way-up earlier in the year. There may of may not be a very strong catch-up day coming in this name now that it may be breaking above its downtrend line on rising volume. I will sell this by tomorrow assuming it takes off here.

I passed up a dozen other possible plays, mainly because I am already long so many names...but things still look good out there.

TNH looks poised to break out here, FYI. Others in this group have already broken-out, but this one has a very interesting consolidation and could be powerful.

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