Friday was a pretty big down day, and the most interesting thing was the low volume. Most stocks traded ~50% of normal volumes. That’s actually a positive sign – it means that most people are sitting on their shares and are not interested in selling.
Another interesting thing is that half of our stocks were flat or up. The usual stocks hit us hard: TIE and TRID.
AMX - Down 2%
ATW – Up 2%. Hit a new 52 week high
CLB – Flat
HOLX – Up 1.8%
IMA – Down 1%
MICC – Down 5%. Timing sucks.
MDR – Flat and hit a new 52 week high. They were downgraded to neutral. Also, there is a split this week which will possibly lead to some lesser exuberance (aka lower price) post-split
NOV – Flat.
NUAN - Flat and hit a new 52 week high. Also, note the NUAN/GOOG partnership and the NUAN licensing in Vista. The sector is document scanning (yes, NUAN is more than voice recognition). It generated $70M last year. Imagine the returns when Vista royalties kick in.
http://www.businessweek.com/technology/content/sep2006/tc20060907_732714.htm?chan=top+news_top+news+index_technology
PCP – Down 2%. We also got a $0.03 dividend ($30 total). Barron’s suggested that PCP is ripe for slower growth due to recent strong growth driven by momentum investors. Yes, the price moved up because of sudden interest, not because of a doubling of earnings or the fact that they keep beating estimates by 10%+ or are forecast to keep growing earnings 60%+ and P/E is ~22.
TIE – Down 3.5%. Moved like all titanium producers.
TRID – Down 3.5%
Another interesting thing is that half of our stocks were flat or up. The usual stocks hit us hard: TIE and TRID.
AMX - Down 2%
ATW – Up 2%. Hit a new 52 week high
CLB – Flat
HOLX – Up 1.8%
IMA – Down 1%
MICC – Down 5%. Timing sucks.
MDR – Flat and hit a new 52 week high. They were downgraded to neutral. Also, there is a split this week which will possibly lead to some lesser exuberance (aka lower price) post-split
NOV – Flat.
NUAN - Flat and hit a new 52 week high. Also, note the NUAN/GOOG partnership and the NUAN licensing in Vista. The sector is document scanning (yes, NUAN is more than voice recognition). It generated $70M last year. Imagine the returns when Vista royalties kick in.
http://www.businessweek.com/technology/content/sep2006/tc20060907_732714.htm?chan=top+news_top+news+index_technology
PCP – Down 2%. We also got a $0.03 dividend ($30 total). Barron’s suggested that PCP is ripe for slower growth due to recent strong growth driven by momentum investors. Yes, the price moved up because of sudden interest, not because of a doubling of earnings or the fact that they keep beating estimates by 10%+ or are forecast to keep growing earnings 60%+ and P/E is ~22.
TIE – Down 3.5%. Moved like all titanium producers.
TRID – Down 3.5%
posted by Andrew at
2:57 PM
2 Comments:
Why don't you sell your winners and buy them back @ lower prices in next few weeks ? No fun in loosing with stop losses.
What are you going to do in this market? So MUCH news of a recession, so MUCH negative sentiment, don't you see market pulling back further rather significantly over the next few weeks? Sure we might have a dead cat's bounce a couple of times..
So, whats your plan? How about TRID? Just keeps breaking my heart, again and again. And then again!
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