Hurricane Sector in Review - May 17th, 2007:
IPII: Major move today and breaking out above $12 since last time in september. Very solid volume as well today on the breakout. Could see a pullback as the RSI is approaching the 70 level, but it could very well continue as it rises to its hurricane season bottom.
ACCY: Bluesky breakouts continue and another all time closing high at 7.20. Since this was called by tuna a week or two ago i have yet to see a downtick, lol. Very slow and steady, almost ATM style run occuring.
ECCI: Very nice move today (although im ticked i missed it) with people loading back up after seeing RBCM off the ask for a couple days now and since i revealed yesterday in this report that the OS and Float has remain unchanged since it was increased about 1 week ago. Tommorrow probably wont be as big of a white candle, but i do expect further continuation, with a close probably around .07 imo. I will be buying this tommorrow if i get the right price.
WEGI: formed a doji today at the bottom of the ascending triangle. It is starting to churn through the weak hands and pick up the strong hands. Volume also picking back up. Should see the breakout within the next 2-3 days imo. RSI right at its base.
NSMG: as expected again, just further consolidation and churning thru the weak hands to the strong hands. The next run is looming on this one as well, and should occur imo within the next 3-4 days. Dont know how high it will go though, either mid .30s or low .40s.
BUGS: further selling pressure here today. Although the indicators are beginning to show the next run is coming in the near term. MACD starting to curl and the full sto coming off bottom. RSI also in mid lower range of its channel. 1-2 more days at this level and it starts to rise imo.
RGMIE: still no financials. Should go pink soon imo if the filings dont come soon. Chart still showing lower highs and lower lows.
ADDL: even day today with further consolidation after the last dropoff. Could be a little longer for this one to run compared to the others imo, as it is more of the laggerd of the group.
HSOA: been looking like a real strong stock of late. Just no stopping it of late. Slow and steady upticking continusly. More of the big board type of the hurricane stock, and also has a major short position at last check (33%). RSI is above 52 week levels.
DPDW: major news today out near the close. Chart is looking real good here to for the breakout. MACD curling up and should cross within 1-2 days. RSI about to break the 50 level. SAR coming down to .467. Everything coming in line right here.
TELA: nice day as it is holding above the .10 level. FS coming as well.
EEGI: low volume all done at .14 which is the High of its current runup. could have continuation tommorrow if volume picks up.
CYBLE: judgement day. Forming its triple bottom here at .0075 with the financials due anyday now (could even be today). If the financials dont come out look for it to go pink and break below the .0075 level, although if it does file, then look for it to break above the .01 level. Very risky here.
GV: took another hit today, although RSI coming up on bounce point here at 30 level.
Have a good night all - about 1-3 days away from the next breakouts across the sector.
AI
