Wednesday, January 09, 2008

Courtesy Woot

While I cannot guarantee there will be further strength in the market Thursday, I can say that there are a number of very live set-ups at the moment. If we see further upside in the indices, I have my (freshened) list of the hot-money names begging to trade higher. There are several new names, following today's action and there are a number of issues threatening breaking out any minute.

If the market reverts back to hapless, cellar-stomp action, my work here is mostly for naught. Bring on some Big Ben upper-crust thrust, however, and this is going to be like shooting fish in a barrel (short-term at least). Take a look at the live looking charts below - the fruit should be hanging fairly low tomorrow if the market can gloss lips ruby.

My high-powered rubber band rifle is bigger than hers.

I'm holding 13 positions now (I failed to mention a late buy in thin, but lovely recent breakout issue IRIS (ave. 21.44); so I will be both buying and selling Thursday in a strong market (I will be selling and selling in a resumption of the downtrend, if that is Thursday's faith instead). I'm looking to unload RIMM on strength (at the open if the mkt opens higher) and I will take profits on SYT; SYT it is a little extended and there is not much in the way of earnings growth there. I will let go of the solars if they don't re-assert themselves as the leading group in the market (any negative relative strength there now and I will move aside short term - especially since there are so many powerful medical names at present).

Current Portfolio (by size): GENZ, RIMM, OII, HOLX, CVI, JASO, VIVO, SYT, YGE, CAF, TNH, IRIS, CSIQ

Live Long List for Thursday:


MEDICAL/GENETICS/BIOTECH:
VIVO **(breakout looks imminent)
ILMN *
AGP ** (just breaking out now)
SUNH** (just breaking out now)
MATK (managed new breakout in negative-tape environment)
HWAY (managed new breakout in negative-tape environment)
PPDI (powerful breakout in negative-tape environment)
IRIS (thin, but also managed to breakout this week)
GENZ
CMED
MGLN
BABY
BMRN
TEVA
HOLX
ICLR (thin)
IDRA (thin)
XNPT
ONXX (>54.62)
HMSY
CVD
MR (>39.20)
BCR
CPHD
HGSI
GILD
IVGN
MLNM
SQNM (>9.31)
ICLR (thinly traded)
KNDL (thinly traded)
VAR
SPNC (thin)
WX (>30.99)
TWTI (micro cap and thin - Aggie-related biotech)

MEDICAL/HMO'S:
AET (volume rising, approaching highs after tagging 50-day)
HUM (managed new breakout in negative-tape environment)
AGP* (just breaking out now)
MGLN

PROFESSIONAL SCHOOLS/EDUCATION:
APOL* (big earnings reported wed. am - breakout looks imminent)
STRA
APEI **(new issue; thin; potentially explosive move imminent; eps due 1/28)
LRN (new issue; enter 28.00 or higher on strong, rising volume)
DV
CPLA
EDU (eps due 1/15)

OIL/OIL SVCS:
OII
CVI
CRZO
CEO
REXX
SWN
ARD
NGS
ATW
DNR
SPN (too extended)

FERTILIZER & AG:
CZZ
CVI
TRA
BG
SYT
TNH
COIN
AGU
LNN

SOLAR:
JASO
YGE (>32.65)
CSIQ (>24.80)
FSLR
SOLF (need clear pivot higher >~30; quick trade only)

VARIOUS/MISC:

WAT * (breakout looks imminent)
RBN ** (reported Wed. am; breakout looks imminent)
PRXL
TISI (eps came Tuesday night)
CEDC (76% debt)
MELI
SLT
FCSX
CCH (trades pathetically light and now too extended)
ENS (extended)
CTCM

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