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OMX (Office Max)
From tonights scan
AMR chart
another from tonights scan
DHX chart
Also from the scan, not been trading long, these make me a bit nervous but looks like it has had some wide swings
another new chart from the scan
CHC (Centerline Holding)
New chart from my stockfetcher bottom feeder scan
CYTR added to watchlist
NAVI chart
posted on 01/01/08 watchlist, took another tumble today, I will be watching it just a bit closer. IMO should bounce well when they get it turned around
I agree
just printed 3.97 after hours. I'm thinking if it drops like I expect it to, it should have a nice bounce once it bottoms
CC news out after hours, this is why I was very reluctant to jump in or recommend anyone jump in. Now that it is out of the way it should be a bit easier to make a decision when to jump in after it levels off from the shock of the news. All my opinion of course.
=DJ UPDATE: Circuit City's December Same-Store Sales Fall 11%
.
DOW JONES NEWSWIRES
Circuit City Stores Inc.'s (CC) same-store sales in December fell 11% overall and 12% in the U.S.
Total net sales decreased 8.9% to $1.92 billion, while international same-store sales rose 6.5%.
Based on the December numbers, the Richmond, Va., consumer electronics company affirmed its guidance of a "modest" loss before taxes for the fourth quarter driven by a loss in its U.S. operations.
Chief Executive Philip J. Schoonover said, "Our sales performance, while disappointing, was in line with our expectations. The company saw significantly improved performance over the last two weeks of the month, but the sales improvement was not enough to offset the weakness experienced at the beginning of the month."
A year ago, Circuit City posted a 4.2% increase in same-store sales for December 2006, including a 4.6% rise in the U.S., saying results in the second half of the month were stronger than expected.
For December 2007, in the U.S., the company's direct channel sales, including Web- and call center-originated sales, grew 17%, and PC services and home theater installation revenues grew 15%.
Same-store sales of video products fell by a double-digit percentage. Higher sales of flat-panel televisions were offset by declines in sales of projection and tube TVs.
Sales of camcorders and DVD hardware fell while sales of digital imaging products and accessories posted gains in the high single digits.
While notebook computer sales rose, sales of desktop computers declined, creating a same-store decrease in information technology products in the double digits.
Circuit City had declines in sales of all audio products except navigation products.
Higher sales of video gaming products were offset by double-digit declines in the sales of video and music software.
Last month, Circuit City Stores share plummeted to a 16-year low after the company issued more bad news regarding its restructuring and said increased financing is in the works.
The company's loss for the fiscal third quarter ended Nov. 30 was more than four times as steep as Wall Street expected and represented the second quarter in a row that changes tied to Circuit City's turnaround efforts appeared to disrupt sales more than help them.
Circuit City has cut labor and recast store procedures as part of its turnaround to stem losses in the face of strong competition from rivals like industry leader Best Buy. Instead, the retailer has seen the red ink continue and the departure of three senior-level executives in the past year - including its merchandising executive three weeks before Black Friday.
Circuit City's shares closed at $4.21 on Monday and were flat in after-hours trading.
-By Kathy Shwiff, Dow Jones Newswires; 201-938-5975; Kathy.Shwiff@dowjones.com
(END) Dow Jones Newswires
January 07, 2008 17:23 ET (22:23 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 05 23 PM EST 01-07-08
FRPT closed at Low of Day 4.18, I'm thinking it goes under 4.00
ETFC hammering out new lows, 2.85 so far
FRPT not far from LOD of 4.19
CC trying to close at HOD as well, would be a good thing IMO
I don't think it would be a terrible place to buy at this point, that would all depend on how long you may or may not want to hold it. Two things I would keep in mind is that it may dip under 4.00 again and if news of holiday sales is bad it could fall under the previous low of 3.61
CC, It's trying and it's not looking too bad doing it. I tend to think that it may have found its bottom around 3.61 but don't expect it to make any drastic run just yet as I believe the big money players needed to push this are still not positive it has found bottom. IMO many are waiting to hear how holiday sales were, once that looming question is out of the way we may be able to call it a little easier. JMO of course
RGR, out at 8.72, 8.5% gain in 4 days, I think it will go higher eventually but taking profit while it's there
RGR at 8.73 HOD, those I grabbed at 8.04 are looking rather nice
you almost have that back, DOW is trying to hold green, you should be ok
RT (Ruby Tuesday) from 01/01/08 watchlist
making a small gain today, will be watching it a little closer, should be good for a bounce when it finds its footing
CDL rebounding nicely after its dip this morning up to 1.73 after falling to 1.58, hopefully the market stays green, would like to see it punch new HOD and take off
ROIAK (Radio One) Took a small position this morning at 2.04, 5 minute Intraday just gave a buy signal, daily chart looks like it could make another run up into the mid or upper 2's
ETFC low of 2.93, called it a day early I guess, should be a nice play when it finds its bottom
ETFC down to 3.03
FRPT, 4.29 and falling, on it's way to 4.00 or lower IMO
SVN 5 minute intraday, off and rolling, looking strong here
nice blocks coming through on SVN, showing quite a bit of strength
SVN looking to make some gaines today, up to 2.11 and will run quick when and if it takes off
NAPS jumped in at 2.05
CPST (Capstone Turbine Corp) Chart
Should run on news of 4 million dollar order today, looking to gap up wouldn't be surprised to see PPS over 2.00 shortly
The more I look at NAPS the more I like it, volume coming in, engulfing green candle on Friday, and 10 minute intraday at close on Friday looked promising, not real strong yet but should go green today IMO. It was upgraded to a "buy" from "neutral", this shouldn't hurt it either, especially with it being near a 52 week low.
May have to grab some this morning if I can find an entry point I feel good about
CC (Circuit City) Looks like it is trying to turn here. Was showing some nice strength uptrending on the 5 minute chart before close on Friday. The daily is still not looking great IMO but it could go either way here. I still believe there will be time to get in this one before it makes a huge move as many are going to be skeptical until it proves it is ready to move upwards. When that happens, and that is just a matter of time IMO, it should make some very nice gains. One key factor is going to be news of holiday sales, when that hits good news should drive it up, bad news will most likely drive it lower, something to keep in mind before deciding to hold it for any extended period of time.
Daily chart
5 minute
FRPT could go lower this week IMO. This is one of my picks for some serious gains this year but everything hinges on the Cheetah. We have seen in the last month or two that large orders and big contracts for MRAPs are not going to turn this around. The last contract awarded was larger than its market cap and the PPS still fell. We all know it is seriously way undervalued at this point however the market is still sour on it.
One key in winning in the markets is to swim with the tide, agree or disagree with how the tide is moving one must understand they can't win swimming against it. I believe much of the media coverage has some type of underhanded action behind it and has been the driving force behind the fall in PPS.
With that said Bloomberg put out news a couple days ago, story has been updated a couple times and this is a link to the most current version I found.
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=FRPT:US&sid=apVUz_EZmq8s
If this news is accurate, slowing down the schedule for the Cheetah will only allow the PPS to continue to fall. I have read many speculations and rumors of possible buyouts but nobody has any proof, and if they do they are putting themselves in a bad bad position by releasing it.
From a chart standpoint, it doesn't look good IMO. There are many buying because it is way undervalued and I agree they will get their day, just may be later rather than sooner. At this time I believe 4.00 or lower is very possible and after selling what I bought this past week at a loss (5.2%) I don't plan to enter again until the chart tells me otherwise.
All my opinion FWIW
Thanks for the input and welcome. I couldn't agree more with your strategy of investing in big boards, after losing too much in penny plays I came back to the big stuff and have been doing much better. Most big board plays also have enough volume and trades in a day that one can actually do some TA on them and make a decent call. They also have plenty of info if one wishes to look at fundamentals and it isn't a guessing game as to how many shares they have outstanding and whether or not they are diluting. And if you find the right picks you can make profit and gains similar to penny plays as well.
As for your annotation of APOL I think we look at many of the same things in a chart just approach them from a little different angle. I'm not sure of your trading style and that makes a difference in what one looks for in a chart. My charting style is a combination of using many things that I have picked up over time and combining them to fit my trading style and what I am looking to accomplish. Find what works for you and stick with it would be my best advise.
One thing I noticed when I looked at APOL and added in Bollinger bands and the MA100 is that it is currently riding the bottom bollinger band, not a great sign and leads me to think it could fall lower. The MA100 is currently at 67.31 and that is a critical point for it. I noticed your stop set at 67.25 which is just a bit under that but wasn't sure how you came up with that figure. When I looked at the 5 and 10 minute intraday charts it also looks like it is likely that it will continue to decline.
Another thing to keep in mind, the way the markets have been this past week anything is possible. If the markets continue to fall I look for nice gains to be hard to find, if they turn around, many of the stocks that have dipped should run nicely. I'm thinking a nice green day all around on Monday and APOL could see 72.00 on a nice turn around. Another red day and it may be struggling to hold above the MA100. JMO and of course any news usually trumps the chart unless it is a continuance of good news or bad news.
Don't hesitate to throw some more charts out there, I would love to see a few more so I can follow them and see how your technique works out. The board is here to exchange ideas and hopefully make us all a little green in the process.
GNVC Chart
Thought I would see what you guys over here thought of this one. I'm not in it and just pulled it off a scan. Looked promising as it has gained over a couple days especially with the markets being what they are. I'm not big on drug stocks but news looks promising and I like anything that has a strong possibility for profits.
From a TA point of view, nice double bottom coming off a bottom play, everything looks lined up nice for a continuation. MA5 should cross MA20 if it goes green on monday as well which could give it a little boost. I'm thinking good candidate for a nice gap up then added gains from there. Could be wrong but I'll be keeping an eye on it Monday A.M. to see what it does.
GNVC Chart
Nice chart formation, double bottom off a bottom play
CACH (Cache Inc) Chart
Opened below previous days close closed with a tall green engulfing candle.
From 12/28/07 news
The company also announced it is increasing its stock repurchase program to 2 million shares from 1.5 million. As of Sept. 29, Cache had 16.3 million shares outstanding.
Anyone like low floaters??
NG, push didn't last long, coming back down
NG pushing new highs here
BRLC trying to make a move up here
Link back for chart
SWHC dropped under 5.00, 4.91 and falling
F (Ford Motor Co) chart
Looks like the news of Toyota taking over as #2 didn't do it any favors. Should be worthy of watching for a bounce when she finds bottom, afraid it's going to get much cheaper before that happens though.
SWHC, looks very likely it will fall under 5.00