Tuesday, October 02, 2007

20071002 PM

DJIA 14,047.31 -40.24
NASDAQ 2,747.11 +6.12
S&P 500 1,546.63 -0.41

Silver and gold selling off, leading commodities down.

GAI 3.3 +.45 with good volume.
BIDU 320.58 +35.77 with good volume. Gapped up and kept going. Intraday 52 week high. Shorts are in trouble. Closed near high, so am holding overnight looking for strength in the morning.
DRYS 98.71 +2.42. Intraday 52 week high.
XRA 3.48 +.29. Gold miner showed relative strength.
GFI 17.77 -.58. Gapped down and then went sideways. Looking to buy soon for run to 26.95.
GME 57.6 +1.45. Closed out long calls today. (GMEJL October 20)
ICO 4.78 +.26. Watch August 09 volume.
OVTI 24.04 +.9 with good volume. 52 week high. While short interest has been declining to about 12 million shares, there is more short covering to occur.
AKAM 30.97 +2.22 with price spread and volume. Down trend is broken. Gap at 39 - 45. Look to buy next pull back.

No comments: