
2001 Dec Nov Oct Sept Aug Jul Jun May Apr Mar Feb Jan
2000 Dec Nov Oct Sept Aug Jul Jun May Mar Apr
Will try to show "interesting" stocks from a charting viewpoint. The type will vary and often won't be stocks to buy immediately. But they are 'interesting' and may show potential.
3/29 Fri Good Friday
3/28 Thu 0.2%
3/27 Wed 0.8%
3/26 Tue 1.3%
Yesterday blew by any standard. The only salvation is reiterating the old low volume saw.
It is two years since the bear came out of hibernation. Happy
anniversary! ![]()
3/25 Mon 1.5%
Will the 4 day scenario impact things? No guess but I don't see how we can continue with this whipsawing and still see that horrid bull:bear ratio continue. The VIX also point toward low volitility continuing. But low volitility doesn't seem to relate to my portfolio unless you can really see the big picture based on month to month values.
The month and the quarter are heading toward the exit. That should put a positive spin on the week. And then comes the start of the earnings season and the panic form of preannouncements. Looking more and more like I should raise a bit more cash.
3/23 Weekend
That was a lousy Friday. I liked Wed's act better and that was twice the loss in my portfolio. Yeah it was Friday and it was on less volume. But the Nazdaq need to show a bit of followthrough to have a chance.
A comment I believe is that we'll have a BIG news story that will move us out of this trading range. The question is up or down? I am think the risk:reward is getting a bit to nasty for the exposure I have.
3/22 Fri 1.9%
That wasn't a bad 3-day pullback even if it got too exuberant yesterday. I keep bitching about volume but since the nasty market after 9-11 the whole Nazdaq has traded at a lower level. That means rally and declines lack any confirming volumes. It may be something that runs that way for a while--regardless. If the Naz can continue upward here it breaks the bull market with its higher low. Biotech and semis were leaders and that tends to bode well for the rally. But, it looks like it will be a rally that keeps pulling hen's teeth as it struggles against layers of overhead resistance. That's the appeal of biotech here. It doesn't have nearly the overhead resistance. Several semis are in the same shape.
3/21 Thu 3.7%
B: CLSR 18.10
This is a Jim Oberweis pick I found on Zack's. It is at a buyable level of support but not much else to say for the chart. A thinly traded stock and I only but a partial position. Nice product being sold through J&J and pretty good growth potential. Not a bad stock for the conservative minded growth player.
Was yesterday a blowoff day? Today should give us an idea. If it continues to weaken as dramatically as yesterday, I'll be shocked. But I've been shocked before.
3/20 Wed 3.8%
A down open in the works may be just what we need here. It'd be consistent with the thrashing we've seen. As long as it doesn't get carried away, I'll think it is productive.
3/19 Tue 0.3% First full day of DSL connection.
Sickly kind of day yesterday with early and late ups and a big midday down. I was flat to up into the close but dropped in the last seconds.
Today is Greenspan day. Not expecting anything to happen seriously before 2:15. We're setup up for a good move off all this congestion. The bias is up. I hope that's the case. A breakdown here could get nasty.
3/18 Mon 0.1%
Midday the BTK and BBH are still confirming their breakout. Although, there is some associated weakness and the advance is somewhat muted. Probably, just what is needed...at least that's my hope.
Good breadth and additional volume on a positive day for me as options expired on Friday. The biotechs went out strong. Like the way things are setting up. Still a lot of stocks in trading ranges with too much optimism for a big rally but we could start to see a real beginning to a long term rally.
After hours on Friday returned more for me than the day did. Whether that is the normal silliness or the release of option pressures will play out today.
3/15 Fri 1.2%
B: STMP 3.91
Added to the STMP position--average down--new basis 4.08.
Weird week with the Naz declining my portfolio has stayed pretty much on track. Some nice consolidating by-and-large. In an expiration week, the stocks I owned have seemed less volatile than normal on an open-close basis. Strange.
3/14 Thu 0%
S: AOL 25.60 B: MLNM 24.18 $=18%
Broke recent support and looks like it could head to 23 support or worse. Then bought the MLNM as it pullback from a mini breakout with a good W-bottom in place. If it holds 24 it looks pretty good here. Thought about it the other day and didn't pull the trigger so I bought the inter day pullback. Although the stock had a weak day before that.
Mixed futures. Lot of heat on SOX makes me think we continue floundering here but the pullback won't be huge in the less volatile areas. But, it is time to dump most techs or move them back to their core position.
3/13 Wed 0.2%
S: EVC 14.99 $=11%
I'd have to call yesterday a constructive one. But, Biotech volume again blew. AOL is bearing up under the negatives pretty well here. If it can rally back to a small profit here I'd be happy and gone. I don't see it making a decent run anymore but it is holding the lows of the day at this point.
3/12 Tue 0.3%
B: AOL 26.00 S: EVC 14.90 $=7%
Interesting: AOL is retrying 27.60 resistance and clearing that would give it a chance to possibly hit 30. The measured move would put it up about 1.25. It next resistance above this level is at 33 and that pretty well fills the cup and handle move which measures about 5.00.
Added to the AOL to get a full position at support on the 10 day chart. The quick and dirty drop to support is a typical preamble to a breakout and I'm playing it that way. I had to sell something to get some screwed up deposits that were sent to the wrong account cleared at Datek. They put the deposits in the wrong account and I'd been using that money for today's buy which left an inadequate amount in the Regular IRA to transfer to the correct accounts. The screw up has been an ongoing pain-in-the-___ as they failed to understand the problem they'd created.
Rough morning for the market but I'm coming back off the early lows and the day is showing a bit of promise.
Half the gain was from BFRE's jump.
3/11 Mon 2.6%
S: C 48.60 B:EVC 15.00 $=8%
C looked to peter out at the 50 level which makes a lousy risk:reward here. So I took a miniscule profit. EVC is interesting and really locked at 15 for 3 days. Doing a subordinate that is evidently being thought moderately positive.
BFRE getting acquired by VLCK for .65882 shares of it. That puts the price at around 2.00+ on current price of 3.15
3/8 Fri 2%
Can we have a contrary (up) Friday? Well, at 10A.M. it is looking strong. We are getting overbought in a lot of areas and have to start wondering if we can consolidate or do we pullback strongly. Consolidate would be very bullish.
3/7 Thu 1.9%
B: AMZN 16.20 stopped out: 15.21
Watched it trade in this range for about an hour & 1/2 and entered with the hope of an afternoon rally. Needs to get to about 17.50 to have a serious chance at a real move.
Been a while but I finally beat the major indexes. While I like seeing the profit for a change, it does seem a bit too aggressive to sustain the move and a day of indecision and churning would be constructive.
Things are pulling back from the open in an orderly fashion. Have a bid in for some AMZN at 16 and will see if I get a fill.
3/6 Wed 4.3%
B: C 48.35 AOL 27.15
Needed some "real" market stocks here. Banks are getting a bit more respect. AOL for same reason. Should start seeing some advertising increases starting to show up.
Again we have weak futures into the open. Yesterday was pretty much a non-event for my portfolio and the market in general as the down NYSE did not confirm in technicals.
3/5 Tue 0.2%
Futures are weak. Would love to see some selloff at the open and the rally continuing. The BBH did break out yesterday but the volume again could have been better. Most of yesterday's volume was early in the session and today could disappoint. But, we do want/need a rally. I don't see doing anything further until this afternoon.
3/4 Mon 2.3%
B:NMTC 16.50
Bought the potential breakout from the bottom of the channel. Good business plan in the chip arena with great sub-wavelength products. I don't see it doing a huge move but could do 2 to 3-bucks if this is a real rally. If it can start doing some volume it could try to fill the gap down and see 7-8 gain. The Bollanger bands are saying it is ready to move and my guess that if the market can rally it could work on the gap.
3/1 Fri 1%
Everything I sold yesterday is up today but I can live with that. When things are as rough as they have been for me I feel better taking a profit and raising cash. I'm still too heavily invested. I still think I'll be able to buy at least 2 of the 3 lower than I sold and if I'm wrong I'll bless that because I'm still overweight on most of the sectors sold off. ADLAC is the exception. Biotechs had another round of poor news but mine seem to be trying to stabalize and look more like they have bottomed.