Monday, August 27, 2007

20070827 PM, Tom

DJIA 13,322.13 -56.74
NASDAQ 2,561.25 -15.44
S&P 500 1,466.79 -12.58
Light summer volume, which could allow price swings either way. Later this week prices could rise into the long holiday weekend.

FXI 153.07 +9.43. Set up to go higher to 172.
MRVL 15.39 -.36. Going to 11.
BCON 1.66 +.22. Can retest 2.37.
BDCO 3.77 +.37. Watch volume at 3.93 for potential run to 4.65 (May 29, 2007).
RMDX 2.09 +.03. Going to 2.28 from Sep 11, 2006. If it passes that with volume then action.
RMD 41.76 -.21. Volume is drying up - a good sign.
IBN 43.98 -1.51. Consolidating, maybe a quick short here.
RIG 102.38 -1.56. Try to short near 105.

WLGC 1.58 +.24. Word is they got a patent last week that can be leveraged for licensing payments from other tech companies.

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