Liverocket Week 5 Performance up 4.89%

I am holding off STOPs or Sell prices for now. I think we'll see ~2 weeks of strength before things show weakness again. I don't see strong volumes of buying right now. I think we'll see buyers enter the market this week, maybe test the strength.

I'll do STOPs and Sell Prices next week.

In the meantime, we did well this week, although only just ahead of the broader markets. I think we'll see some stronger performance this week, and I have high hopes for TRID.

AGRICULTURE

AG - Up ~10% for the week. AG looks set to regain all of its lost ground. A lot of momentum here

CF - Up 4%. It has had a pretty big show of volatility - trading between $97 and $111 this week.

OIL EQUIPMENT AND SERVICES

Watch out this week - Monster earinng sat Chevron and Exxon will add fuel (heh) to their stocks. ATW and others have not been rising like the broader market, so this should be their week to catch up.

ATW - Up 2%

FWLT - Up 10%. They announced a new contract in Russia for a refinery.

IO - Up 2%. This stock has certainly not performed as I expected yet. We don't have a lot in this invetsment and I may walk if they don't blow out their guidance.

NOV - Down 1%. No idea why, and I don't like it. Stocks that go down in an up market concern me.

INFRASTRUCTURE

MICC - Up 8%

PCP - Up 9%.

VIP - Up 8%.

WFR - Up 4%

OTHER

IMA - Down 9%. They shrugged off the worst of the week (they were down 20%).. It's hard to argue with a company that is trying to build the next big healthcare conglomerate. I just wish they could do it a bit slower an dwith less dilution.

MVL - Up 7% and on strong volumes. It brushed $29 before pulling back.

TRID - Up 4%. The conference call had positives and negatives

MINUSES

* Margins are eroding as they hire more engineers, go after low-end market, and expand portfolio mix

* Sales will sputter a bit later in the year as they transaition to some new chips

PLUSES

* They have $3.70 cash per share (I thought they had this last quarter, frankly...)

* They expect $250M in sales this year

* Options related costs will drop

* New design wins to be announced shortly

* End of problems at low-end

In other words, this is the turnaround year and they see the light at the end of the tunnel. Or so they say.

Roth Capital's Analyst downgraded them and I'd say that he must be desperate. Seriously

1. Gave them a stock price of $3.50 - Considering that even his analysis says they wil lhave $4 in cash by the end of the year, this valuation is questionable

2. Rated them a buy at $24, a hold at $10 and now a sell at $5. I'd say his advice is the exact opposite of what should do with TRID.

The big part of the story is the end of the shorts. Did you see that 5M shares traded Friday? Some 12% of this stock is shorted, and now the shorties are on the run. Partly because this company won't go below $5 when they have $4 in cash and a profitable year ahead. And partly because the acquisition factor looms as a possibility. It could happen, especially now tha tthe turnaround is under way. And even a whiff of that possibility is making the shorts run for cover.