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Nice snapback bounce in JNPR today from oversold. Holding some overnight in case the momentum continues...
Indeed JNPR is rebounding nicely here. Looks like volume strengthening as the price goes up as well. See no real new news but I'll stay long here at least overnight...see what happens.
JNPR has some buying. Back in long.
Dumped JNPR for a .20 loss. Obviously the falling knife wasn't through falling :)
Went long JNPR at the open for oversold bounce. FYI
Went long RHAT at the open for oversold bounce.
USO strong here. Have been going long USO on bounces and shorting the Russell and SPX eminis. USO nice new indicator for oil. If it keeps this up..the morning rally will be history by mid afternoon.
TRGT ipo sold off hard on the open. Bought some at 8.29 its going to bounce. Underwriters will step in.
Bought some RNOW at the open for an oversold snapback bounce.
Thanks.KMM does look interesting. Will research it further.
Cheers.
Picked up some ACG on hard selloff today. Longer term hold for the dividends which are paid monthly. FYI.
FLML is oversold here, imho. Bought some for oversold snap back bounce.. FYI
Apparently the RHAT purchase of JBoss will put them on the fast track in the middleware sector. Could take a chunk of market share from BEAS:
Red Hat Inc. on Monday said it plans to purchase a software firm in a cash-and-stock deal worth as much as $420 million.
The Raleigh-based Linux provider, which posted fiscal 2006 revenue of about $230 million, has signed an agreement to buy JBoss for $350 million up front, plus as much as $70 million in performance-based milestone payments.
Red Hat officials anticipate the transaction will close during the first fiscal quarter and said the deal will be financed with about 40 percent cash and 60 percent Red Hat stock.
JBoss, which specializes in application servers, has headquarters in Atlanta and Neuchatel, Switzerland, with offices in London, Austin, Texas, and Bangalore, India.
http://biz.yahoo.com/bizj/060410/1270955.html?.v=2
FFIV: A bit of a pop after hours.
WTHN: We have a breakout:
http://stockcharts.com/h-sc/ui?s=WTHN&p=D&yr=0&mn=3&dy=0&id=p30990739241
Bought medium position FFIV on intraday dip. Am thinking it will snap back higher in coming days. Using moderately tight stop though. FYI
Bought some TRB. Way oversold here, IMHO.
WTHN nice turnaround today. Selling dried up and buyers began to nibble. Doesn't take much on a stock with such a light average daily volume. FYI
Bought some WTHN today, looks like buyers came in on new contract they landed in Portugal. Stock has a very strong revenue/earnings growth rate. However, volume is still very light. Wouldn't take much to move it much higher, just imho. Stock just recently came public, not on a lot of radar screens yet.
Bought some JBHT at the open. Oversold here imho.
Bought some FHRX for snap back bounce. Oversold here imho.
Bought some KBAY for a snap back bounce. Way oversold here imho. Long at 14.24.
GRRF nice pop here. Looks like the sponsors finally stepping back in and supporting this new IPO. Some decent buying from Bear Stearns.
Bought some GRRF for a snap back bounce. Looks like selling of this IPO has dried up for now. Decent up volume.
Bought some GRRF for a swing trade. Looks like selling stopped and buyers finally came back in this morning. In from 17. Will use that as a sell stop. But expecting it to move higher.
Bought some GNSS @17 way oversold here, imho. Buyers trickling back in. Could be a nice short term bounce.
Bought some MRTN for snapback bounce. Oversold here imho.
Went long PLAY this morning. Oversold here, imho. Expect nice snap back bounce. FYI
Thanks for that. AVII moving on volume in the premarket I see...Seems like significant news.
Bought some CHKP for bounce. Looks oversold here, imho.
NVAX had substantial buyers in the last half hour. Expecting a snap back bounce tomorrow. These antiviral stocks have had great volatility lately!
JBHT had substantial buying in the last hour today. Went long for a snap back bounce. Oversold, imho. FYI
LEXR- Icahn reveals big stake in Lexar Media. Says LEXR can do better than bid from MU.
Picked some LEXR up at 9.39, this could get real interesting.
WTHN earnings came in above the estimate and they gave optimistic guidance. Stock traded up a little after hours, but still very thin.
Be interesting to see how it does after the Asian markets weigh in on it.
FYI
WTHN earnings tomorrow. Extremely thin traded stock, has had good earnings/revenue ramp. If earnings are good, could do a rocket ship routine. Conversely could drop like a rock. Got it on the radar for either direction.
Still holding JBLU but going to put a trailing stop on it in the morning. It's been creeping up slowly. I went long pretty much just on the basis of the CEO's remarks, and use moving avg crossovers on these kinds of snap-backs. Rather high risk, but I don't leave these little bouncers unattended :)
JBLU ceo had bullish remarks in presentation to Citi yesterday afternoon. Adding two high profit routes next week. Picked up some JBLU in premkt @ 9.91, expecting snap back bounce. FYI
Sold half the RVSN 16.96. Holding the other half, looks like it has more to run back up.
Went long some RVSN 16.60 for oversold bounce.
Still watching RVSN for snap back bounce. Not yet. Waiting for telltale green candles with some decent volume. Still think its a good candidate for a bit of a bounce, buck or so. FYI