... DAY TRADER
.. March 9, 2007
... 2:36pm ... SELL PSPT - last 14.07. PSPT unable to maintain upside momentum. Under steady distribution with limited buying interest. Take loss.
... 9:40am ... BUY PeopleSupport Inc. (PSPT) - last $14.60. PSPT declined seven-plus points after missing earnings based on currency adjustments. Oversold with likely bounce to $16.20 to $17.50 range.
March 8, 2007... 1:42pm ... Transfer HSOA to 60-Day Summary list.. HSOA remained under minor distribution that one completed, the stock should respond positively. EXIT POINT $6.25.... 9:30am ... HSOA opened at $4.73.... BUY Home Solutions of America INC. (HSOA) - last $4.60 (pre-market $4.90) . With announced of $17 million contract HSOA should increase in price during day to the $5.25 - $5.50 range. Must remain ready to sell out on contracting macd.
March 7, 2007, 7:30am. No action.
March 6, 2007... 10:57am .. SELL VOL - last $29.15. Performance not to expectations as macd contracting. ... 10:36am ... BUY Volt Information Systems (VOL) - last $28.88. After off 2.57 points, VOT has finally received better macd numbers. Trade to $30.40 likely.
March 5, 2007 1:54pm ... COVER SHORT #2 on SDS - last $61.67.... 1:28pm ... SHORT #2 on SDS - last $62.08.... 12:55pm .... COVER SHORT on SDS - last $61.90.... 12:34pm ... SHORT SDS - last $62.05 ..... 12:11pm ... SELL SDS - last $61.85.... 10:30am ... BUY SDS - last $61.60.
.... From the 60-Day Summary list
... March 9, 2007
... 2:18pm ... SELL ARG - last 42.17. Originally suggested at $40.95 on 03.08.07. Under limited distribution which may accelerate. Lock-in profit for future visit.
... 10:46am ... SELL HSOA - last $4.64. Take loss.
.... 10:27am ... SELL SDS - last $60.20. Take profit.
March 8, 2007.... 2:15pm ... COVER SHORT NEW - last $3.81. Take profit to revisit later. Short covering in play... 11:42am ... Cover shorts on entire position for NEW - last $5.2578. Near-tern trend remains lower, yet NEW should sell higher shorter timeframe. Revisit later. Take profits.
March 7, 2007... 11:17am ... SELL SDS - last $61.03. Take profit.
March 6, 2007 ...... 9:53am .. change exit price of NDEPG.X to $5.70. Take profit... 9:45am ... SELL NDE Ap '07 35 out (NDEPG.X) - last bid $7.00.
March 5, 2007... 10:40am ... COVER SHORT on HMIN - last $34.10 Originally suggested as SHORT at $37.45 on 03.02.07. Take profit.... 10:12am ... SELL SDS - last $61.40. S&P index found support at 1390.
Net liquidation value of Stocksmirf Fantasy Hedge Fund (SFHF) portfolio for the period ending 02.28.07.........,........ $ 5,194,411.00
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 THE MONTH OF FEBRUARY '07 in the SFHF portfolio ....................$1,092,241.00
REALIZEDGAINSLOSSES FOR MONTH OF MARCH '07 to date in the SFHF portfolio ..................... $1,230,120.00
UNREALIZED GAINS (LOSSES) in the Stocksmirf Fantasy Hedge Fund portfolio.
March 9, 2007, 4:00pm ........ $353,500.03
March 8, 2007, 4:00pm .......... $77.199.93
March 7, 2007, 4:00pm .........$200,200.00
March 6, 2007, 4:00pm ........... $84,100.25
March 5, 2007, 4:00pm ........... $20,350.00
March 2, 2007, 4:00pm ............$21,659.74
March 1, 2007, 4:00pm ........... $05,100.00
Prior Dartline summaries ..... March 7, 2007, 7:30am ... ... You can't fight the tape! Advancers outpaced decliners 4-to-1 on the Nasdaq and 5-to-1 on the NYSE. Underscoring the quick change in sentiment were decliners of 19% and 14% on the VIX (CBOE Volatility Index) and VXN (CBOE Nasdaq Volatility Index) These investor fear gauges spiked lower, which suggests investors were actively buying call options in anticipation of enhanced fundamental underpinning to the market. Maybe not! Fundamentals looking forward: durable-goods new order figure showed a 7.8% decline in January; non defense ex-aircraft capital-goods orders, a key barometer of business capital spending, declined 6% in January and fell in the red on a year/over/year bias for the first time since the 2003 Iraq invasion. Dartline predicts that by late summer the U.S. economy would experience a ruff landing and profits would likely contract as risk-aversion returns. ... All things considered, yesterday's action suggests that gunslingers have taken over the market. Dow up 1.30%, Nasdaq 1.90% and S&P 500 1.55%. So, what's the deal - do we jump into with eyes closed and buy, buy, buy? No! Just follow the game plan and focus on what S&P 500 index does. A near-term support maintained on the 5th of March at 1373.97 for the S&P becomes our new level, while 1435 represents upside resistance. If the lower range holds, the general market will trade higher. The probability it would not, and test 1360. Since the downside bias is greater, identifying a "special situation" long may be difficult. Therefore, in this current environment, buy stocks for long term appreciation would not be practical, while shorts can offer better consistency. As declared - Prudently buy and short trading stocks, and treat the market as a short term investment vehicle.
March 6, 2007, 7:30am ... ... The S&P 500 index slipped 13.05 to close at 1374.12, near the bottom of the trading range - 1373.97/1391.86. Support at 1360.98, representing the low of November 3, 2006, should be near-term support and important number to determine the extent of the deterioration. More volatility ahead while the market establishes a base zone to work up from. At 1360 stability is essential. Bond prices were moderate as the 10-year Treasury note yield was 4.51 percent - good sign as investors haven't rushed to safe-haven assets. The dollar was higher against other major currencies including the yen. Going forward, the international markets gained, breaking a five day losing streak, which will improve sentiment for U.S. equities. Prudently buy trading stocks, and treat the market as a short term vehicle.
March 5, 2007, 7:30am ... ... What now Stocksmirf? There are plenty of good arguments why last week's blip was a mere anomaly, and why the market can go higher. Corporate earnings have been on a record run. Interest rates are low and likely head lower. Inflation only exists in Bernanke's mind and stockslingers want the market to go up, up and away. But the fact remains - the willingness of investors worldwide to turn like scared rabbits and run on something as meaningless as a drop in the fledging Chinese equity market. Indeed, the event indicates that big investors had their fingers on the sell button. Does that happen in a bull market? Hell no! And it's not prudent to step in and buy stocks when stockslingers and heartless program-trading computers are ready to dive at the first sign of trouble. And don't blame Greenspan - he's not the first horn to blow on the prospect of recession (his time was another story). The economic indicators have been pointing to a slowing economy for months. The housing downturn is getting worse. Corporate earnings, despite achieving their record in the fourth quarter look like they're peaking, and the private-equity boom can evaporate in a heartbeat. ... Wall Street is split over late week's big drop - a short term dump or entered a bear market? Consensus suggests that there's no reason that stocks shouldn't resume their push into record territory in the coming months, claiming no material change in fundamental terms on the average consumer, corporate earnings, manufacturing activity or inflation. Yet, others argue that stocks are overpriced and the economy is ready to tank big time. So what is it? ... The nearest thing to a crystal ball possessed by Dartline is the S&P 500 index. What, why and how the index acts on a any given period represents the master pointer to the direction of the U.S. stock market. This idea has been continually addressed and the superior performance of the Stocksmirf Fantasy Hegel Fund portfolio underscore its real worth. Currently, the index sits at 1,387.17 with a five day range of 1456.95 to 1380.87. Therefore, a zone has been established. Under our application of selective probability - a quantitative measure of the likelihood of a given event - and when determined, it should be used. In the last five days the S&P index had established a trading range. A decline below 1380 would indicate the probability of a further weakening, while 1456.95 would prove likewise on the upside. At the present, 1365 has been determined as near-term support and 1435 as upside resistance. Thus, our range has been narrowed and predictable. Limit your commitment and wait for the dust to settle, and the bla-bla-bla to stop.
Prior Best Ideas .. March 8 , 200arch 7, 2007... 3:00pm (as posted on Message Board) ... BUY Medifast Inc. (MED) - last $6.88 Oversold after lower guidance. Fundamentals excellent and MED represents a near-term trade. No EXIT POINT determined. ... 10:21am ... SHORT #2 on New Century Financial (NEW) - last $5.74. Under distribution as NEW represents a new term casualty of sub-prime mortgage market. A clear Chapter 11 candidate and liquidation with shareholders receiving zero. EXIT POINT $0.01.7
. March 6, 2007... 3:36pm ... BUY SDS - last $60.70. S&P 500 index had problem moving above near-term resistance at 1400.... 11:08am ... SHORT New Century Financial (NEW) - last $5.915 Under distribution with limited upside on deteriorating fundamentals. No EXIT POINT determined.
March 5, 2007... 3:27pm ... BUY call options in Amgen Inc. (AMGN) April '07 call strike price $60.00 (YAADL.X) last ask $3.90. On technical considerations, AMGN is at support with upside to $72.00 likely within five-weeks. note: High risk idea... 10:01am ... BUY Scottish Re Group (SCT) - last $4.36. Under accumulation after new group took control. (read prior commentaries by searching from message board0
March 2, 2007... 2:52pm ... BUY SDS - last $60.90. S&P 500 index below 1400 indicates further weakness to 1365 as next test..... 2:37pm ... SHORT Home Inns & Hotel Management Inc. (HMIN) - last $37.45 . HMIN develops and manages economy hotel in China. Long term view has moderated,while on hear-term basis HMIN is overbought. Under limited distribution that has accelerated. SHORT for cover in the $26-$29 range.... 1:17pm ... BUY #3 on BCRX - last $9.31. Add to position on valuation. 11:40am ... BUY First Consulting Group Inc. (FCGI) - last $12,05. FCGI provides information services to healthcare and related life sciences organization in North America, Europe and Asia. Excellent business model, improving fundamentals, and managements desire to expand operating base are indicative factors for further revenue gains. At 18 times future earnings, FCGI is a value play in a strong sector. BUY as limited risk, near-term candidate. No EXIT POINT determined.
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