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ITWO dropped this morning on earnings and news. But the news seems to be mostly good. Watching for a bargain buy here ITWO.
TZOO gapping down on earnings. FYI
MBLX up nicely again today on decent volume, from that ADM petroleum-free plastic news yesterday.
RIMM quite a drop here after hours. Will be watching for action either way during the conference call which begins at 5pm eastern.
BDCO nice move today on about ten times average volume. Obviously Iran-oil related. Very close to breaking through trading range resistance here. 4.50 should do it.
BDCO big volume and price surge today.
Nice BDCO move today. Starting to get bullish MACD again finally on weekly chart and today's volume was nearly ten times the daily average volume.
http://stockcharts.com/h-sc/ui?s=BDCO&p=W&yr=0&mn=6&dy=0&id=p96655072248
NAPS just noticed nearly four times average daily volume, on AT&T news. 10% pop in one day, not bad. We'll see if it holds. Wasn't NAPS preparing itself for a possible buyout at some point?
OK thanks. I am quite familiar with all of those but didn't quite get it the way you were abbreviating.
Cheers, and good trading.
Your charts are interesting but what the heck do you mean by:
OS/ D-bot tests ( and ob/dtops). OS is oversold? D-bot?
Translation please.
Thanks
ADBE and ORCL both strong gappers on earnings.
ORCL up nearly a buck on earnings. ADBE also gapping up on earnings.
Russell Eminis have dropped to November levels this session.
Looks like another very interesting week ahead.
COGT nice move up on earnings. GTRC down MRVL down. And BRCD a bouncer on earnings now.
Quite a drop SNDK after hours on that news.
Since the Russell 2000 is hitting all time highs this week, I thought it might be appropriate to list some new vehicles for trading this active index.
Proshares Ultra Russell 2000 is UWM
and
Proshares Russell 2000 Short is RWM
These are thinly traded for now, but sure can move.
I would be very surprised if they do not trade on much more volume as they are discovered, similar to the way trading interest has picked up in the QID and QLD on the Nasdaq 100 ETFs.
Interesting, CSCO dropped pretty good, below 27. Now bounce. Picked up a little bit on the dip for overnight. We'll see...
CLRK caught a nice bid at mid afternoon. Strong close after that sell off. Still see no news however.. Could be worth watching for a few more days.
BOOM breakout continues on higher daily volume. We keep this up we will have a bonafide BOOM short squeeze :)
Oh my.
USO looking good. Volume building as price moves up.
BOOM nice move today on considerably higher than average volume. Stock seemed to come off a bottom on a big contract reported first week in January. Today was a trendline breakout. FYI
Bull flag holding up nicely on BELM, even in the market downdraft. Buying it on dips here. FYI
BELM bullish pattern here. Look for resumption of the uptrend. Trigger is volume over 325,000. FYI
Oh man, that is quite a reversal YHOO. Looks like I left about 5 minutes before that run up. Last trade looks like 28.47. They must have been passing around happy juice during the conference call...
CYTR a nice pattern here on some volume today. Low volume sell off, higher volume snap back. FYI
CYTR a nice snap back mover here on good volume. FYI
Agree LTS showing some real strength here. That is a power candle if I ever saw one. A lucrative business and low priced stock.
Robert Cringely's tech predictions for 2007, including one I found really interesting. He contends the internet is going to buckle under the load of videos. Anyone have thoughts about that?
http://www.pbs.org/cringely/pulpit/2007/pulpit_20070105_001440.html
(This will be the year the net crashed (in the USA). Video overwhelms the net and we all learn that the broadband ISPs have been selling us something they can't really deliver.)
A Healthy New Year
By PAUL KRUGMAN
The U.S. health care system is a scandal and a disgrace. But maybe, just maybe, 2007 will be the year we start the move toward universal coverage.
In 2005, almost 47 million Americans — including more than 8 million children — were uninsured, and many more had inadequate insurance.
Apologists for our system try to minimize the significance of these numbers. Many of the uninsured, asserted the 2004 Economic Report of the President, “remain uninsured as a matter of choice.”
And then you wake up. A scathing article in yesterday’s Los Angeles Times described how insurers refuse to cover anyone with even the slightest hint of a pre-existing condition. People have been denied insurance for reasons that range from childhood asthma to a “past bout of jock itch.”
Some say that we can’t afford universal health care, even though every year lack of insurance plunges millions of Americans into severe financial distress and sends thousands to an early grave. But every other advanced country somehow manages to provide all its citizens with essential care. The only reason universal coverage seems hard to achieve here is the spectacular inefficiency of the U.S. health care system.
Americans spend more on health care per person than anyone else — almost twice as much as the French, whose medical care is among the best in the world. Yet we have the highest infant mortality and close to the lowest life expectancy of any wealthy nation. How do we do it?
Part of the answer is that our fragmented system has much higher administrative costs than the straightforward government insurance systems prevalent in the rest of the advanced world. As Anna Bernasek pointed out in yesterday’s New York Times, besides the overhead of private insurance companies, “there’s an enormous amount of paperwork required of American doctors and hospitals that simply doesn’t exist in countries like Canada or Britain.”
In addition, insurers often refuse to pay for preventive care, even though such care saves a lot of money in the long run, because those long-run savings won’t necessarily redound to their benefit. And the fragmentation of the American system explains why we lag far behind other nations in the use of electronic medical records, which both reduce costs and save lives by preventing many medical errors.
The truth is that we can afford to cover the uninsured. What we can’t afford is to keep going without a universal health care system.
If it were up to me, we’d have a Medicare-like system for everyone, paid for by a dedicated tax that for most people would be less than they or their employers currently pay in insurance premiums. This would, at a stroke, cover the uninsured, greatly reduce administrative costs and make it much easier to work on preventive care.
Such a system would leave people with the right to choose their own doctors, and with other choices as well: Medicare currently lets people apply their benefits to H.M.O.’s run by private insurance companies, and there’s no reason why similar options shouldn’t be available in a system of Medicare for all. But everyone would be in the system, one way or another.
Can we get there from here? Health care reform is in the air. Democrats in Congress are talking about providing health insurance to all children. John Edwards began his presidential campaign with a call for universal health care.
And there’s real action at the state level. Inspired by the Massachusetts plan to cover all its uninsured residents, politicians in other states are talking about adopting similar plans. Senator Ron Wyden of Oregon has introduced a Massachusetts-type plan for the nation as a whole.
But now is the time to warn against plans that try to cover the uninsured without taking on the fundamental sources of our health system’s inefficiency. What’s wrong with both the Massachusetts plan and Senator Wyden’s plan is that they don’t operate like Medicare; instead, they funnel the money through private insurance companies.
Everyone knows why: would-be reformers are trying to avoid too strong a backlash from the insurance industry and other players who profit from our current system’s irrationality.
But look at what happened to Bill Clinton. He rejected a single-payer approach, even though he understood its merits, in favor of a complex plan that was supposed to co-opt private insurance companies by giving them a largely gratuitous role. And the reward for this “pragmatism” was that insurance companies went all-out against his plan anyway, with the notorious “Harry and Louise” ads that, yes, mocked the plan’s complexity.
Now we have another chance for fundamental health care reform. Let’s not blow that chance with a pre-emptive surrender to the special interests.
http://guerillawomentn.blogspot.com/2007/01/healthy-new-year.html
BOOM showing some strength today. Not in it yet but watching for possible breakout pattern...
QID pays a dividend? I hadn't seen that. There's a dearth of info online about these new ETFs.
RHAT moving again, takeover rumor, ORCL named as most likely suitor. the fly on the wall.com FYI
SNDA short term breakout on volume surge. See no news, but something is up.. FYI
REDF and SIFY - acquisition rumor surfacing again.
flyonthewall reported by possible GOOG or YHOO.
WIRE moving. Could be a short squeeze coming, imo. Had news.
11/28/2006 4:00pm
Some initial buying on SNDA earnings after hours. Conference call is later tonight. Heavily shorted stock. On the watch list for tomorrow morning.
CSCO earnings, moving up after hours.
WFMI did fill that gap from August. This is going to get real interesting over the next couple days. I see they raised their dividend again.
I don't really consider gap fills except on daily charts but WFMI did fall to 51.50 briefly.
BOOM nice rebound in progress. FYI