20070131 Tom PM

Index Last Change Open High Low Comment
DJIA 12,621.69 98.38 12,520.03 12,657.02 12,505.20 Will test high again.
NASDAQ 2,463.92 15.28 2,443.33 2,471.20 2,433.76 Getting ready to go down.
SP500 1,438.24 9.42 1,428.65 1,441.61 1,424.78 Will test high again.

GOOG tested highs today of 505. Earnings this evening. Rejecting October 24 volume day. Will gap down tomorrow.
POT Wants to go back to test 1.47.
AMD Longer term monster confirmed ABC down. Down volume is accelerating. Wants to test 14.63 then 11.60.
AEM Has nice volume, could use more volume. A day with volume of 3.3 million and wide price spread and it will go to 44. Gold stock.
HIHO Volatile. Maybe buy at 4.56 if lighter volume.
IBM January 18 gap needs tested over with lighter volume then close lower and then maybe can short it. Overall not a good short.
SNDK Not a long.

VIX Can use it to go long when it is at 42 45 48 then buy the market. That is the only time to use the VIX.
USO Wait to short. Can bounce to 62.
XOM Maybe buy when it gets down to 64.
GFIG 63.98 up 1.53. Consolidating, will test 64.9. Will test weekly 65.95.
SBUX 34.94 up .38. Wait to buy until high 28 from August 2006.
MECA 4.23 down .01. Maybe buy at 3.91 if volume lighter than 2 million. Fundamentally their gross revenue is shrinking.

Dividend List

... short ratio of 25 or more, yielding 3% or more, and with a market cap of at least $1 billion.

KRY

More noise pushed down KRY. Sold this and am moving on. Maybe it will build a base.

CMVT DOX

Article on Comverse and Amdocs. The author concludes, "Lastly, Amdocs is valued at double the sum of Comverse, and there is no justification for this, whichever way you look at it. I believe that when the two graphs come close to each other again, it will not be because Amdocs has gone down, but because Comverse has gone up."

Am long Comverse.

CRYP KRY

CRYP trailing stock sold this off. The trailing stop was wide, so little profit was retainded.

KRY showed relative weakness versus other miners. Venezuela uncertainty continues, and this is a speculative trade.

CRYP

Long again CRYP at 23.96.

DYN KRY CMVT

Stop sold out the DYN position. Oil keeps selling off so this is not the right time.

KRY sold off hard the past couple days. Here are a couple articles. There is going to be a lot of money made in KRY when the Venezuela uncertainties are resolved - one way or another.

Took a small position in CMVT with a tight stop.

Dividend List

Dividends that will pay in the next two months.

Scottrade Web Site Errors

This has been happening for about a month, and the error frequency seems to be increasing.


Server Error in '/' Application.
Object reference not set to an instance of an object.
Description: An unhandled exception occurred during the execution of the current web request. Please review the stack trace for more information about the error and where it originated in the code.

Exception Details: System.NullReferenceException: Object reference not set to an instance of an object.

Source Error:

An unhandled exception was generated during the execution of the current web request. Information regarding the origin and location of the exception can be identified using the exception stack trace below.

Stack Trace:

[NullReferenceException: Object reference not set to an instance of an object.]
ScottDataManager.Convertions.ChartURLConvert(String oldURL) +7
MarketData.HistoricalChart.GetURL() +7
scottsave.controls.detailedquote.DetailedQuoteSummary.RetrieveAndDisplayStockData(String symbol, QuoteData quoteData, Boolean countQuote) +2479
scottsave.controls.detailedquote.DetailedQuoteSummary.GetQuoteAndConfigureTabStrip(String strSymbol, Boolean countQuote) +546
scottsave.controls.detailedquote.DetailedQuoteSummary.OnPreRender(EventArgs e) +28
System.Web.UI.Control.PreRenderRecursiveInternal() +62
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Control.PreRenderRecursiveInternal() +125
System.Web.UI.Page.ProcessRequestMain() +1486


Version Information: Microsoft .NET Framework Version:1.1.4322.2300; ASP.NET Version:1.1.4322.2300

KRY, DROOY

Beginning to take small positions in miners.

Bought KRY at 3.58.
Looking to buy DROOY at .72.

DYN KRY

Market was up strong in the morning, sold off to go negative, and closed ~flat. This is worrisome action for bulls.

Started a position in DYN at 7. Closed at 6.97.

Watching gold miner KRY. Seems to have support. Showed relative strength vs. peers.

XOMA CRYP Follow-Up

XOMA wasn't moving, so sold it last Friday. May need time to build a base around 2.16.

Today a trailing stop sold out CRYP at 23.06. This was a nice run.