Tuesday, November 15, 2005

20051115 Tom PM

VLO down 2.25. 4% price spread today. ABC down.
OXY up .72. can also go lower.
XOM 56.42. wait for 51 to consider buy next spring or summer.
EP same as XOM. last week down with volume. [bear spread?]
most energies are in a topping procedure.
LSI maybe short here.
AAPL up .83. hanging at top on a down market day. not ready to short.
GS extended. not a good short because market not cleary headed down. options expiry week also brings volatility.
BRCM in good shape. will go with market.

ABX 25.27 down .39. in a downtrend. wait for a buy.
RDCM 2.75 down .12. buy near 2.28.
AOB 5.85 down .20 on double average daily volume. [will it continue down?]
NRMX 14.63 up .07. has been going up on lighter volume. nearly a short back to 6.99.
ELN 10.23 up .16. has had very high volume the past three days. try to buy at 8.88.
SIRI 7.17 up .19. can run for 8.10. when there is a close under a higher high with lighter volume, then sell it.
SNDK 57 down 4.35. will touchgap at 51.9 then close the gap at 44.

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