12/15/10 - The market, despite its showing some cracks in the last couple days, and having sell-offs the last three sessions that have taken the indices down. The last couple days before today, they snapped back and closed on the positive side session, but today they were not able to do so and ended up on the negative side, and may be showing some signs of deterioration. However, we've got a lot of stocks that are acting well and are doing well and we'll keep monitoring some of them for you. http://www.thetechtrader.com BSQUARE Corp. (BSQR) continues to amaze, and after pausing for the last several days, and wedging, or coiling, at this 6.95 zone, it exploded through that 7.00 area and ran all the way up to 8.19 before backing off to 7.97. Still up 1.03 today, almost 15%, on the heaviest volume of 827,000 shares that we've seen in this stock in a year and a half. So, where upside may be doable, my secondary target up around 9.15-20 zone, may be what we'll be seeing short-term on BSQR, but certainly it's extended here. It's moved up from the 4.00 area up towards the 8.00 area in the last month or so. http://www.thetechtrader.com Finisar Corp. (FNSR), after breaking out of this big coiling wedge early December, running up for couple days and then flagging for four days, has been moving up steadily. Yesterday backed off a tad but came on strong, up 1.90, or 7 1/2%, on 6 1/2 million shares, and that's the second heaviest volume in a month. It looks to me like this one may be headed for the 32 - 33 zone, our short-term trading target for Finisar. http://www.thetechtrader.com Molycorp, Inc. (MCP), the rare earth stock and one of the leaders in that group, after consolidating for six weeks, popped two days ago, backed off, and had an inside day yesterday. Today accelerated back up, 3.21, or 91/2%. 5.7 shares traded. That's the third heaviest volume in the last several weeks, and with the OBV, Money Stream, and Balance of Power all moving up, this could very well test 40 as early as Thursday. Any move through that and we could see this stock spiking up into the mid 40s or better. http://www.thetechtrader.com TowerStream Corporation (TWER) today spiked up 27 cents, or 8 3/4%, on 781,000 shares, breaking out of this 6-week consolidation, and testing the early November highs. A break through here and we can see this stock run up toward the 4 3/4 -- 5 range, our next trading target. http://www.thetechtrader.com Other stocks in our Charts of the Day video are Akorn Inc. (AKRX), Amarin Corporation plc (AMRN), EDAP TMS SA (EDAP), Exelixis, Inc. (EXEL), IDT Corporation (IDT), Local.com Corp. (LOCM), LivePerson Inc. (LPSN), China Shen Zhou Mining & Resources, Inc. (SHZ), Sigma Designs, Inc. (SIGM), Synta Pharmaceuticals Corp. (SNTA). http://www.thetechtrader.com Chart Info: Harry's Charts of the Day, published each evening Monday through Thursday, features Harry Boxer's video technical analysis on a stock in play. To learn which stocks Harry is adding to his model portfolio, including stops and targets, sign up for a Free 15-Day Trial to his Technical Trading Diary -- which includes both day trades and intermediate-term stock picks. http://www.thetechtrader.com
Views: 466 Harry Boxer - TheTechTrader
My advice is this: Settle! That's right. Don't worry about passion or intense connection. Don't nix a guy based on his annoying habit of yelling "Bravo!" in movie theaters. Overlook his halitosis or abysmal sense of aesthetics. Because if you want to have the infrastructure in place to have a family, settling is the way to go. Based on my observations, in fact, settling will probably make you happier in the long run, since many of those who marry with great expectations become more disillusioned with each passing year. (It's hard to maintain that level of zing when the conversation morphs into discussions about who's changing the diapers or balancing the checkbook.) Obviously, I wasn't always an advocate of settling. In fact, it took not settling to make me realize that settling is the better option, and even though settling is a rampant phenomenon, talking about it in a positive light makes people profoundly uncomfortable. Whenever I make the case for settling, people look at me with creased brows of disapproval or frowns of disappointment, the way a child might look at an older sibling who just informed her that Jerry's Kids aren't going to walk, even if you send them money. It's not only politically incorrect to get behind settling, it's downright un-American. Our culture tells us to keep our eyes on the prize (while our mothers, who know better, tell us not to be so picky), and the theme of holding out for true love (whatever that is—look at the divorce rate) permeates our collective mentality. Even situation comedies, starting in the 1970s with The Mary Tyler Moore Show and going all the way to Friends, feature endearing single women in the dating trenches, and there's supposed to be something romantic and even heroic about their search for true love. Of course, the crucial difference is that, whereas the earlier series begins after Mary has been jilted by her fiancé, the more modern-day Friends opens as Rachel Green leaves her nice-guy orthodontist fiancé at the altar simply because she isn't feeling it. But either way, in episode after episode, as both women continue to be unlucky in love, settling starts to look pretty darn appealing. Mary is supposed to be contentedly independent and fulfilled by her newsroom family, but in fact her life seems lonely. Are we to assume that at the end of the series, Mary, by then in her late 30s, found her soul mate after the lights in the newsroom went out and her work family was disbanded? If her experience was anything like mine or that of my single friends, it's unlikely. And while Rachel and her supposed soul mate, Ross, finally get together (for the umpteenth time) in the finale of Friends, do we feel confident that she'll be happier with Ross than she would have been had she settled down with Barry, the orthodontist, 10 years earlier? She and Ross have passion but have never had long-term stability, and the fireworks she experiences with him but not with Barry might actually turn out to be a liability, given how many times their relationship has already gone up in flames. It's equally questionable whether Sex and the City's Carrie Bradshaw, who cheated on her kindhearted and generous boyfriend, Aidan, only to end up with the more exciting but self-absorbed Mr. Big, will be better off in the framework of marriage and family. (Some time after the breakup, when Carrie ran into Aidan on the street, he was carrying his infant in a Baby Björn. Can anyone imagine Mr. Big walking around with a Björn?)
Views: 202774 Shari Wing
Last week saw some constrained moves on global indices with the fear index or VIX maintaining its elevated levels at over 22. It was an especially dismal week for Resource counters with Harmony Gold mining falling by over 20% in the trading week, followed closely by Northam, African Rainbow minerals, Lonmin and Kumba Iron Ore. Last weeks top gainer was Allied Electronics Corp as the market reacted positively to the companys announcement that it was disposing of its GSM subscriber base to MTN, Cell C and Vodacom. Tiger Brands gained more than 6% in a day after Group CEO Peter Matlare announced he would be stepping down after 7 years of service. In the same week BHP Billiton announced it would be seeking additional funding for general corporate purposes as the company looks to also refinance debt in areas with low interest rates. Commodity prices continue to struggle and today platinum has fallen by a further 2% to $931. Brent Crude continues to consolidate in a range bound fashion, trading at around $48. The local Index is fairly flat in morning trade with resources once again under pressure. Key economic data out this week will be coming from the USA with ADP non farm numbers on Wednesday, Manufacturing PMI from china and Great Britain on Thursday, and the official jobs print for non-farm payrolls on Friday with the unemployment rate. Our local shares market sees a number of stocks go ex-dividend today, namely African Rainbow Minerals, Argent, KAP Industrial Holdings, Metrofile, MMI, Mustek Ltd, Onelogix Group, and Spur. Astrapak Ltd gives us interim results on Wednesday. Staying with the local market and the biggest gainers on our top 40 for today are; SAB Miller, RMI, MTN, Discovery and Remgro Ltd. The biggest laggers are MMI, Anglo American Plc, BHP Billiton, Vodacom and Anglo Gold Ashanti.
Views: 31 IG South Africa