Morning post on website:www.poormans.com
8:00 am 22 Feb
Market looking pretty nasty this am after a nice little start. DOW may well test 10,000 level and then hit a bottom with buying on the dip, or start getting real nasty. Nasdaq is testing 4340 support (= down 71) and may close above this level. It is still in reasonable shape and well above 200 DMA as is Russell 2000. Quite a few stocks are still positive in the models this am. I swapped BIOI for IPIC as both pulled back this am. Sold our remaining 3000 sh of BIOI at 22 7/8 (when it broke a little support at 23) and bought 12000 IPIC when it pulled back to 3 13/16, buying it at $4. We now have $21,463 in the $1M model. SAH reported .38 vs .31 est. earnings, FOSL .55 vs .47 est. and DFXI .84 vs .52 est. Looks like Nasdaq is now down almost 100. Positive stocks (were a few minutes ago anyway):AMEN, ATMS, AVTM, COBR, EPII, KRY, NASI, ONDI, PLI, TRIBY, AMBI, CGN, DFXI, MDKI, ZOMX, FOSL, SAH. Not a bad time to be holding some cash. I am watching DAKT in $100k model. |
