VIGN from Friday's watch list + 10.85%, PHCM today's list way up 18%, GNET +13.45% 18 1/4 #1 in points.. Stock #1 6/21 looking real good earnings anticipation, Again the two mentioned on the newsletter #7 6/22 and #4 6/24 still doing well as the sector is enjoying upwards bias. All in all, expected as money is flowing into the large cap technology (and nets see YHOO, GNET, AMZN, AOL, IBM, NOK, etc)... and leaving the cyclicals and price conscious stocks like AA, MOB, RLM and CHV no longer as attractive.
Traders, we are not thick-headed we all realize this is not forever, but we are taking advantage of these wonderful gains (like the 7 lean years and 7 fat years in Joseph's dream).. Nothing wrong with stocking up on cash from day/swing trades for the August doldrums that might hit. I even toyed with the OEX puts this morning, but left the idea since I haven't been on such a hot streak with puts in the last week (YHOO, ouch!) but changed to calls before any damage was done. |
