... DAY TRADER
.. February 9, 2007
... 3:47pm ... COVER SHORTS on ENER - last $29.56. Take profit.
... 2:48pm ... COVER SHORT #3 on JOYG - last $46.43.
... 1:41pm ... Transfer SIMG to 60-day Summary list.
... 1:35pm ... SHORT #3 on JOYG - last $47.00.
... 1:09pm ... COVER SHORTS ON JOYG - last $46.85. Take profit.
... 10:26am ... SHORT #2 on JOYG - last $47.31
... 10:10am ... SHORT #2 on ENER - last $30.79.
... 9:56am ... BUY Silicon Image Inc. (SIMG) - last $9.48.Improving macd with limited but increasing volume.
... 9:46am ... SHORT Energy Conversion Devices Inc. (ENER) - last $29.81Under pressure to sell off further.
... 9:36am ... Uptick on JOYG set short at $46.91.
... 9:30 am ...SHORT Joy Global Inc (JOYG) . - last $47.85. At technical resistance with limited upside, decline to $44.10 likely.
February 8,2007, 7:30am. No action.
February 7, 2007... 1:01pm .. SELL MEDI - last $30.92. Take loss.... 12:37pm ... Transfer NAV to 60-Day Summary list since the time horizon is longer than a day.... 10:33am ... BUY MEDI - last $30.65.... 10:32am ... COVER SHORT on MEDI - last $30.60.... 10:16am .. . SHORT Navistar International Corp. (NAV) - last $46.93. Delisting placing pressure on stock.... 10:09am ... SHORT Medimmune Inc. (MEDI) - last $31.04. Under further distribution after 8.3% decline. Macd contracting as volume increases.
February 6, 2007... 3:52pm ... COVER SHORT ON POZN - last $17.01.... 2:04pm ... SELL #2 QSII - last $41.1026.... 1:47pm ... COVER #2 SHORT ON RATE - last $43.74.... 12:32pm ... SHORT Pozen Inc. (POZN) - last $16.95... 12:16pm ... SHORT #2 ON RATE - last 43.90.... 12.06pm ... COVER SHORT ON RATE - last $43.55. Take profit.... 11:46am ... SELL enter position of ADBE - last $38.15. Under systematic liquidation as macd deteriorates. Take loss.... 11:40am ... SHORT Bankrate Inc. (RATE) - last $44.00. At technical inter day resistance after running 5.21 points.... 11:04am ... BUY #3 on ADBE - last $38.29.... 10:24am ... BUY #2 on QSII - last $41.03.... 10:19am ... BUY #2 on ADBE - last $38.64.... 9:58am ... SELL QSII - last $40.84. Unable to hold support as macd weakens. Take loss.... 9:27am .. BUY Quality Systems (QSII) - last $40.90 [opened $41.00]. Oversold for instant up move. BUY NOW..... 9:10am ... BUY Adobe Systems Inc. (ADBE) - last $38.84 [pre-market] . [opened $39.08] BUY at the market for quick move to the $39.50 to $40.20 range. Under accumulation with limited downside enhanced by recommendation.
February 5, 2007... 12:59pm ... COVER SHORT #3 on RMBS - last $22.42. Take profit.... 12:51pm ... SELL CBRX - last $1.5299. Unable to determine direction. Take profit.... 12.07am ... SHORT #3 on RMBS - last $ 22.95. Failed to hold while volume contracted.... 11:29am ... COVER SHORT #2 on RMBS - last $22.26. Take loss.... 10:49am .. SHORT #2 on RMBS - last $21.60.... 10:34am ... COVER SHORT on RMBS - last $21.55 Improved macd. Take profit.... 10:27am ... BUY Columbia Labs (CBRX) - last $1.42.. Oversold and due to 'dead cat' bounce.... 10:12am ... SHORT Rambus Inc. (RMBS) - last $22.01. After morning's gain RMBS found resistance to extend advance.
.... From the 60-Day Summary list
. February 9, 2007
... 2:56pm ... COVER SHORT on Navistar Intn'l Corp (NAV) - last $45.95. Originally suggested as sold sell at $46.93 on 02.07.07. Take profit.
... 10:24am ... SELL call options in CATCY.X - last bid $8.00. Take profit on 50% of remaining position.
... 9:59am ... SELL DIVX Inc. (DIVX) - last $22.65. Under distribution even after strong earnings.
February 8, 2007... 11:26am ... SELL ZI Corporation (ZICA) - last $2.48. On the first revisit, ZICA was suggested at $2.34 on 02.02.07. Take profit in weak stock market. Plan to revisit below $2.34.... 9:31am .. RTEC opened at $15.81, ... 7:30am. SELL Rudolph Technologies Inc. (RTEC) - last [after hours] $16.05. RTEC reported Q4 below consensus, guidance Q1 EPS and revenue below consensus. SELL at the opening and take loss.
February 7, 2007... 2:51pm ... SELL Psivida Ltd. (PSDV) - last $1.63. Originally suggested at $1.88 on 12.26.06. Take loss - disappointed with timeframe on purported announcement for drug partnership... 2:47pm ... SELL Hanger Orthopedic (HGR) - last $10.25. Originally suggested at $9.02 on 01.31.07. Take profits with intent to revisit.... 2:47pm ... SELL Thomas Betts (TND) - last $49.67. Originally suggested at $48.89 on 02.05.07. Take profit based on S&P 500 index failed to maintain 1450.... 2:46pm ... SELL 25% of the call options in CATCY.X - last bid $8.60. Originally suggested at $2.85 on 01.24.07. Take profit ... 12:26pm ... SELL Nymox Pharma (NYMX) - last $5.55. Not confident that the new drug candidate is time sensitive and may require a longer period to attract a partner. Take profit and watch this one from the sidelines until further notice.
February 6, 2007.. 2:12pm ... SELL Origin Agritech Ltd. (SEED) - last $9.05. Originally suggested at $8.82 on 01.29.07. Take profit with view to revisit later.
February 5, 2007... 1:29pm ... SELL call options in CATCY.X - last bid $7.31. Take profit on 20% of remaining position.
February 2, 2007.. 3:34pm ... SELL Scottish Re (SCT) - last $4.66. Reluctant liquidation with intent to revisit later. Taking major loss.... 12:20pm ... SELL Call Options on CATCY.X - last bid $8.00. Originally suggested at $2.85 on 01.24.07, the underlying common stock (CAT) appears to have consolidated. Reduce call options by 10% of outstanding position.... 10:52am ... SELL Asyst Technol (ASYT) - last $6.38. Failed to perform as expected.... 10:40am ... SELL ZI Corporation (ZICA) - last $ 2.38. Originally suggested at $1.84 on 01.11.07. Take profit to revisit later.... 10:27am ... SELL Ruddick Cp (RDK) - last $27.81. Take profit.... 10:18am ... SELL Perrigo Company (PRGO) - last $17.90.. Take profit. ... 9:37am ... SELL Acceltys Inc. (ACCL) - last $6.18. Earnings failed to give ACCL traction.
Net liquidation value of Stocksmirf Fantasy Hedge Fund (SFHF) portfolio for the period ending 01.31.07.........,....... . $4,217,150.00
REALIZEDGAINS LOSSES FOR THE MONTH OF OCTOBER '06 in the SFHF portfolio ........................ ......... $277,601.00
REALIZED GAINS LOSSES FOR THE MONTH OF NOVEMBER '06 in the SFHF portfolio. ...............................$338,049.00
REALIZEDGAINS LOSSES FOR THE MONTH OF DECEMBER '06 in the SFHF portfolio ...... ......................... $371,020.00
REALIZEDGAINSLOSSES FOR THE MONTH OF JANUARY '07 in the SFHF portfolio .....................................$615,500.00
REALIZEDGAINSLOSSES FOR FEBRUARY '07 TO DATE in the SFHF portfolio...................................456,621.00
UNREALIZED GAINS (LOSSES) in the Stocksmirf Fantasy Hedge Fund portfolio.
February 9, 2007, 4:00pm ... 063,520.00
February 8, 2007, 4:00pm ....089,832.03
February 7, 2007, 4:00pm .... 069,394.42
February 6, 2007, 4:00pm .... 137,872.92
February 5, 2007, 4:00pm ... 203,529.84
February 2, 2007, 4:00pm ..... 284,254.96
February 1, 2007, 4:00pm ......108,174.00
Prior Dartline summaries ... February 5, 2007, 7:30am. The general market tone was cautions, perhaps a bit nervous. Not uncommon during a period when consolidation seem overdue after a steady advance since October '06. Earnings season remains in full swing, and usually bullish strictly on the psychology of investors desiring positive results. Last week they turned uneasy, even anxious that a significant correction would began if quarterly earnings failed expectations. Indeed, Wall Street is aware that earnings growth will be slower in the immediate quarters ahead. Dartline projects that the next two quarter operating profits for the S&P 500 stocks in aggregate may be off by 10%. One would expect that the stock market would decline 10% to compensate for the earnings contraction? Don't panic! For the time being, 1450 is still upside resistance, while 1410 support. Within this range there are opportunities to participate either long or short while remaining consistent to enhance capital without inflecting critical risk. A classic pattern has developed during the last two weeks as traders were simply looking for an excuse to sell, take profits and wait for the market to fall-off. This attitude effects technology stocks and may account for their recent weakness, especially with earnings guidance. Overall, earnings reports were reasonably good; not blowout by any means, just good enough to keep most investors in the boat. Yet, the general response was disappointing. Possibly because the economic data provided further evidence that economic growth remains solid to further reduce fears of a recession or even a sharp slowdown? Thus, the trend in the data and the steady inflation numbers have reduced expectation of any Fed rate cut in the first half of 2007.
February 2, 2007, 7:30am Market liquidity was the main engine to the continuing advance .S&P 500 index was 7.70 to close at 1,445.94. Such momentum had brushed aside January's ISM index which unexpectedly fell to 49.3%, indicating contraction, and ran counter to a Fed directive that showed firming economic growth. The disappointment initially left investors confused and questioned the validity of Wednesday's rally. Again, Wall Street failed to understand that with Fed interest rate unchanged, international stability marked by a moderating dollar and low inflation meant expanding equity values. Confirming the Fed policy was the Commerce Department's report before yesterday's bell that inflation pressures had eased. The core PCE deflator - the Fed's favored inflation measure - was only up 0.01%. While the January data left the year to year increase steady at 2.2%, and a bit higher than Fed would like, the rate of increase slowing over the last three months offered added relief on the market's current focus. Remain progressive, commit funds into stocks which will participate in the upward momentum providing the S&P continues within its technical parameters. At 1450 would be upside resistance and a test appears at hand. Use today to reconcile your positions, remove lagers and take profits on issues that may appear overbought or technically suspect.
Prior Best Ideas ... February 7, 2007...11:06am ... BUY Rudolph Technologies Inc. (RTEC) last $16.55. RTEC provides process control equipment for thin film measurement and macro-defect inspection for integrated circuit manufactures. New product traction continues to record increase levels of revenue and earnings. Increasing gross margins will show on the bottom line as RTEC strengthens financials as the August Technology merger becomes fully integrated, and be confirmed after the close with earnings and revenue gains. With a true float of 19.3 million shares and strong institutional support, RTEC is positioned to be a big winner, especially with forward P/E at 13.92 times earnings. Technicals have stabilized with near term support at $15.95, while resistance at $20.15. BUY as mid-term limited risk position with EXIT POINT at $25.70 or 17 times projected P/E.... 9:33am .. HIMX opened at $5.09. ... 7:30am ... BUY Himax Technologies Inc. (HIMX) - last $5.01 [after hours]. HIMX designs, develops and markets semiconductors that are critical components of flat panel displays. Its recently closed acquisition of Wisepal Technologies Inc., a fabless IC design company specializing in LCD Driver ICS for small and medium sized panels, will be immediately accretive. Management believed the purchase of 10 million of the company's ADSs (American Depositary Shares) was taking advantage of unrealized value that existed in their common stock and "cheap" at $5.00 per share. HIMX is considered a near term growth play with EXIT POINT at $8.10, representing 14 times forward earnings.
February 6, 2007... 3:06pm ... BUY Nymox Pharmaceutical Corporation (NYMX) - last $5.40. NYMX has a primary drug known as NX-1207 for the treatment of benign prostatic hyperplasia, which can be a blockbuster application, and should receive attention from a major drug company. Moderate financials, but above average technical staff, NYMX is consider a mid-term high speculation. Yet, the company may have a significant upside and warrants the risk. However, consider the possibility of NX-1207 may have a long term horizon and the company may not have the resources to complete testing. With a float of 14.57 million shares and insider controlling the stock ownership, NYMX may be a takeover play. note: consult with your financial professional before purchasing NYMX because of the high risk component of the decision. 1:04pm ... SELL IVAC - last $22.75.Lack conviction that IVAC can accelerate in value in near term. SELL and take profit ahead of earnings .... 10:18am ... BUY Intervac Inc. (IVAC) last $22.50. IVAC a maker of equipment to build computer disks has substantial increased backlog to enhance values going forward. Excellent management and strong financial statement offers mid-term potential to move into the $25-$27 range.
February 5, 2007....2:54pm ... BUY Thomas & Betts Corporation (TNB) - last $48.89. Originally suggested as a a BUY with limited order on 02.02.07 at $48.20. Change to market order - consider reason as posted below under Prior Best Ideas.... 7:30am ...BUY Veeco Instruments Inc. (VECO) - last $19.24. VECO designs, manufactures, markets and services equipment used by manufacturers in the data storage, semiconductor, diode and wireless telecommunication industries. As a leading supplier of atomic force microscopes and nanotech process equipment, VECO generates 40% of its revenue and represents its fastest growing markets, especially in Asia. At 17 times forward earnings VECO is a value play with excellent mid-term growth. Management has prudently executed on its business plan and the potential has not been fully recognized. BUY as a limited risk investment with no EXIT POINT determined
February 2, 2007... 2:53pm ... SHORT Pitney Bowes Inc. (PBI) - last $48.10. With earnings due Monday, PBI will show revenue improvement, but may surprise to the downside on guidance. However, the real issue is the $1.1 billion payment immediately due in tax liability from the Capital Services business sale. On a technical basis, PBI is at resistance with little room for further gains above $48, while on the downside support develops in the $40-$42 range. PBI is a prudent short with limited risk. EXIT POINT is set at $42.... 11:28am .. BUY ZI Corporation (ZICA) - last $2.34. Had ZICA as a sell at $2.38 under 60-Day Summary and take profit. However, improving maca and level of buying interest suggests a momentum play. BUY with no EXIT POINT determined.
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