Week in Review:
In a word, it stunk. Many made money this week, I was out of it from the beginning and stated so here on this board. Stated I was taking a break to gather thoughts and reoutline goals. That lasted 2 days. I have learned not to fight my motivation, this time I failed and paid the price. Still, all in all, I did not fair that bad. Lets review some plays from the past and some going forward:
ABTX - Getting a little action now. There is a rumor rumbling out there as a side note but until I get permission from the source to relay it, I will respect his wishes. Still looks good to me and I will be back in soon, perhaps very soon. Monday will be the key.
CIEN - No news, no rise. Will be that simple. Very safe IMO for the long haul as they will be taken out at some point. Until any news hits renewing the rumor, this thing could drift as other hotter issues get the nod. But when this thing hits again, rumor or not, it will blow and we shoud see 23 in a heartbeat.
GBLX - I still like them although for the next couple of days they appear to be in transition. I would stay away until direction is clear. I think by Wed. we should see some signs of life again. Would not be surprised to see it retrace to 26-27. Great upside if they can break 33.
SDTI - Dog. If it breaks 10, we are going to 8. If we bounce of 10, I would be a buyer. But there are much better plays out there.
HRC - Boring. It is a creeper though, but just no sex appeal. I would be willing to buy in this range. This sector is hated right now and regardless of how good they may be, they will suffer. Inermediate hold, I like them. May add it to my long list.
PLCM - One of my favorites right now, showing strength and accumulation. I still think this could fly. If we break the 52, watch out above. Did not care for the weakness shown at end, may be able to pick this up Monday AM 1/2 below.
KTWO - Was brought this one by a non-SI member at 2. Everything looked right about the chart and I was talked out of it. Now at 4 1/4. Don't think it has any legs left and I expect selling come Monday.
DRIV - Rumors fading, volume fading....thus price fading. If no news again, which I doubt, this thing is headed to 10. Too much competition by other sexier Inet plays.
PSQL - One of my favorite traders. Not recently though. Volume completely dried up. If we see 2x volume again flowing, I would be a buyer right here and now. I think this is good to 16.
IFCI - As expected, so-so earnings and a retracement. I think she will drop below 7 briefly. Needs a major contract or deal to get any support to break the 52. I just don't see it yet, but this issue is a comer. Well managed, good contracts, will only grow.
AGTX, TAVA, AFCI - Nothing special here. I like TAVA and am going to start trading it again for position trades, especially here at this level. Very limited down side and a possibility of a break up to 8 or so. This issue will get a lot of coverage by the day traders in low 5s.
GYMB - I don't care what anyone says. If you are looking for an intermediate hold that is next to guarranteed (IMO), this is it. I would wait for a small pull-back but I expect to see this darling back above 10 soon. I loved it at 4, and still love it.
ONSL - Pig. Can't trade it, it owns me. I love the potential here though. Support at 16, but it shouldn't make it down that far. I am thinking maybe 18-19, if that. It will be a hot play into the Santa season. I will be on board. Hear the bells?
Will get some more issues for next week including some brand new picks and my favorite interest rate plays.
Good luck to all
TJ
|
