Wednesday, February 02, 2005

Loser List February 2, 2005

HIO junk bond fund has been in a slow steady decline since September. I'm not quite enough of a macro guy to know what that means.
IGR look this one up if you haven't. Global real estate fund, nice steady uptrend, nice divy too.
MFD also look this one up. Global utilities fund, again nice uptrend and nice divy.
AOC Spitzer may have called off the dogs and this may be a buy above 22.5
ACAS long term pullback buy above 33.
MNG seems to get bids everytime it pokes below 1.10
RIC ditto when down around 4.00
XMSR--"the rich man's SIRI" may have found some support around 31-31.5
CNR--Nicolas Darvas might start watching this one. At 1.51, all time high looks to be about 1.66
mandatory ASTM comment
ATVI gap up. Once again I'll invoke the Trader Mike rule #1 and say don't buy unless it cracks 23.6
ENWV again Trader Mike rule #1. Only look at it above 22. (Perhaps the Jaloti interpretation of this rule is "If you're going to buy the breakout, buy the breakout, not the #$&%$ profit taking pullback")
DCTH broke out, then pulled back to the old high of 3.4. I'm gonna guess Gary B. Smith would buy it above 3.4 with a stop just below.
ALGN has risen to the old low of 8.85. Short?
NVEC mentioned as a possible short yesterday. Still is today.
ASTM wouldn't do anything with this today but I do seem to get a bunch of hits everytime I mention it ;>)

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1 comment:

Michael said...

One could use MaoXian's Trading for Dummies entry technique on gappers too, in which case you could buy above a previous consolidation on the intraday chart. But either way you're not chasing it at the opening bell.