Wednesday, May 03, 2006

Stock comments

The market hit 11,300 and is catching it's breath. I expect the market to close up 16% for the year, which is 1.5% growth per month. A lot of spurts followed by consolidation.

I own TTI, and it had great news today. It's yet-another-energy-services/equipment stock (not in the LIVEROCKET portfolio because we have others). It did not rub off on other stocks - which are now discounted somewhat by the market. Each of our energy stocks is producing triple digit growth but the market keeps forgetting that.

MDR releases today - should be spectacular.

NTRI has fallen back down. I see $67 as the resistance level.

Seagate continue to dog paddle around the pool. Storage is THE hot tech play for 2006/2007. EMC and NTAP and others are all showing demand for storage, and that means boxes that hold lots of Seagate drives. A P/E of 12 is just too low. Even WDC has a P/E of 16.

TIE - Early selloff countered and it's holding at $74.