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Couldn't post until today - established 3rd serving QQQQ short @ 42.24
EPC at or under .50 all day, ISEE spent the morning over 200 (now at 182)... dangerous territory here.
IWOV up .53 today to $11.90. Let it ride.
2nd serving QQQQ short @ 40.84. Still have large long positions in IWOV and SNWL, and a small long in TINY.
IWOV starting the quarter up big to a new 52 wk high.
SNWL 6mo chart - Beautiful! Another 52 wk high today.
IWOV going along for the ride with BEAS. Hmmmm, BEAS and IWOV strengthening their close ties, IWOV's 2 main competitors have been bought out (FILE and DCTM), IWOV now testing its 52 wk high... very interesting.
Sold 3rd serving TINY @12.74 for .62 em
EPC at .50, Total PC at .59 - is this a concern or just a 1 day OE non-issue?
SS QQQQ @ 39.70 - 1 serving em
Sold another serving of TINY @ 12.31 for .64 Still have 2 servings at higher prices.
Sold 1 serving TINY @ 11.92 for 1.16 em
Sold NSTC @ 11.74 for .30 Now out of all trading positions, holding only larger longer term servings of TINY, IWOV, and SNWL. May unload a serving of TINY if it gets overheated.
What a day for TINY! Up $1.32 (13.3%) on a 750% volume surge.
TINY moving. Now 10.70 up .77 em
SNWL at a 52 wk high. Being rewarded for continued sequential revenue growth, good cash flow, no debt - not to mention decent takeover potential. This has been a long term large holding for me, now approaching a double.
IWOV is my other long term large holding. Another good story with even better takeover potential. Also have TINY (and
patience).
Looking to hedge these holdings with a QQQQ short when the overbought opportunity arises - maybe tomorrow?
Sold final serving ABB @ 13.23 for .41 em
Sold 2nd serving NSTC @ 11.22 for .85. Still have one serving at a higher price.
Got 2nd serving NSTC @ 10.37 em
TLAB anyone? Down a buck to 10, despite beating on income and revenues. Good sequential growth, why is it getting slammed?
Sold original serving of PFE @ 24.50 for .36 em
Sold QQQQ @ 36.68 for .84 Sold 1 serving PFE @ 23.24 for .34
Just got in to see my OB on the Q's @ 35.84 filled. Wish I'd taken profits on PFE when it was in the high 23's... Prolly gonna reload around 22.
Sold 2nd serving ABB @ 12.94 for .88 em
EMC hit home runs with their VMware and Documentum acquisitions. Those revenue streams are offsetting the slowdown/price pressures in storage. Incorporating an
established security operation into their platform is
a good idea, I'm just not sure RSA - at this price -
is the way to go....
Unloaded my old 1st serving ILMN @ 28.02 for <.25> em
ABB upped to buy at Deutsche Bank -
LONDON (MarketWatch) -- Deutsche Bank upgraded Swiss-Swedish engineering group ABB to buy from hold, citing valuation. Deutsche Bank said ABB shares have fallen 21% since April, but its end markets show no sign of slowing. "Infrastructure orders, peer group commentary and macro data suggest current growth should continue. China fixed asset investment and U.S. power infrastructure markets continue to give positive signals in the second quarter," Deutsche Bank said. "The end markets are better than equity market volatility suggests."
Disclosure; I've got 3 servings of ABB, will swing trade 2 of them, hold the 3rd long term.
Got a 2nd serving PFE @ 22.90 em
Sold that 3rd serving ABB @ 11.76 for .72 em
Got a 3rd serving of ABB @ 11.04. Hope I want it.
Sold yesterday's ILMN @ 26.75 for .93 em
Stepping in. Got ILMN @ 25.82 em
Got another serving of TINY @ 10.76 em
<No trades for 20 minutes> EDIT; now working
Fidelity also - no trades for any of my Naz stocks since 12:38ish....
Bailed on final serving UTEK @ 18.55 for .15 em
Sold 1 serving NSTC @ 11.18 for .90 em
Sold yesterday's serving of UTEK @ 17.90 for .93 em
Silver lining in May clouds, by Mark Hulbert, MarketWatch.
Commentary: Stock market often gains after losses in May
Last Update: 12:01 AM ET May 31, 2006
ANNANDALE, Va. (MarketWatch) -- May has not been a good month for the stock market, needless to say.
Going into the last trading day of May, the Dow Jones Industrial Average is sporting a 2.4% decline for the month. That is worse than the returns produced by more than three quarters of all Mays since the late 1800s, when the DJIA was created.
Is there any way to put a positive spin on such a disappointing performance?
That was the task I set for myself in writing this column, since - as I wrote nearly two weeks ago - investment newsletter editors during the market's recent correction became too bearish too quickly. As a result, contrarian analysis suggests that the market should rally. Contrarian analysis reaches the same conclusion today, which is just another way of saying that few advisers are finding ways of putting a positive spin on what's happening.
I nevertheless discovered one such way, however, when I looked at what happens to stocks during the summer following losses in May. Much to my surprise, I found that the stock market's probabilities of rising between June 1 and Aug. 31 actually go up when May is a down month.
Consider first those years in which May produced as big or bigger loss as it has so far this year. Since the mid 1890s, when the DJIA was created, a total of 26 years qualify. The DJIA's average summer gain during those 26 years was 6.3%.
Contrast that with the summer gains during years in which the DJIA in May did better than it has in 2006. The average three-month gain during those summers was 2.5%.
This difference turns out to be significant at the 95% confidence level that statisticians often use.
To be sure, a pattern can have statistical significance and still not have that much investment significance. And, sure enough, the investment significance of the summer's inverse relationship to May turns out to be quite modest. So you would not want to make a wholesale change to your portfolio just on the basis of this particular pattern.
Nevertheless, the pattern's existence does add a small piece of confirmation to the contrarian argument that stocks' short-term direction from here is most likely to be up.
Also, added 2nd serving of UTEK yesterday @ 16.97
Got 2nd serving NSTC @ 10.28 (lod!), got 3rd serving ABB @ 12.06. Had OB's for second servings of ILMN and UTEK, both missed by pennies....
Sold 1 serving ILMN 26.77 for .88 em