Thursday, March 01, 2007

20070301 Tom PM

DJIA 12,234.83 -33.80
NASDAQ 2,404.21 -11.94
S&P 500 1,403.14 -3.68
Markets are and will bounce. Tom closed all shorts at open this morning and went long.

ANO 1.29 +.08. Tom owns. The .8 ticks are bogus.
NTO 4.47 +2. Break out going to 4.69.
TIE 33.84 -1.09. Rejected lower price with lighter volume so is going to top at 37.
ABX 29.27 -.6. Hedging gold, don't buy.
XLE 56.72 -.18. Going to 59.
SMSI 15.24 +1.75. Numbers last night. Today sign of strength: price spread, volume. Is at resistance. Buy the retracement around 14. Going to 19.
WGAT 1.14 +.01. Needs sign of strength.
WFMI 46.95 -.82. Can buy here.
TONS 41.12 -.73. Buy at 38.3.
WNR 30.1 +1.19. ABC up. Buy was today.
ORCL 16.77 +.34. Needs bigger sign of strength to buy.
LNG 28.43 +.68. Consolidation.
IAG 8.19 -.22. Wants to test 8.03. Can go to 9.35.
PWE 29.16 -.82. Let it test 27.5 with less than 1.3M volume, then wait for sign of strength (price spread and volume), then buy next pull back.

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