My Stock Winners

While market participants remain cautious toward the market, we’re seeing some signs of bullish sentiment that show the recent rally has likely entered a stage of acceptance. Such a stage normally signals that a long-term run for stocks may be growing tired. Why? The rationale is fairly simple, and is wrapped up in the commonly heard phrase, “stocks climb a wall of worry.” The wall appears to be getting shorter, as formerly fearful investors caught on the sidelines during the rally are trickling into the market. People are putting their “sideline money” to work, there is less and less of what the market needs (assets) to continue to climb.

Another sign of growing optimism comes from the past week of activity in the options market. The recent trend in the CBOE equity put/call ratio has dropped quickly ?the ratio’s one-month moving average is currently 0.63, down from 0.67 just two weeks ago. The ratio’s sudden drop indicates that options traders have been favoring calls (bullish bets) over puts (bearish bets) of late as money continues to flow back into the market. Falling in line with the VIX, this trend will continue to lure more call buyers into the market, but not without a cost. When the market begins to soften, these investors will begin to sell stocks and/or purchase more puts, causing the trend in stocks and the equity put/call ratio to reverse. When that happens, one must watch the market with a cautious eye.

Trading Strategy: Breakout from Bullish Wide Range Bar (+WRB) off Major Support (MS) and Minor Support (mS). Last month, GE rallied to a new 52-week high, and pulled in to mS (the prior high in January), before closing with a +WRB. Subsequently, it consolidated for six trading days in a tight range, within the range of the prior +WRB, creating a large base of demand. Previous day, it closed with a +WRB off MS (the prior low), penetrating through the supply of the consolidation area. Although the prior high will act as resistance, the bullish consolidation over time has absorbed some of the prior supply, suggesting new highs.

SHORT:
Swing possibilities (ST-PT)

BPOP short under: 17.93, stop above: 18.17, target: 17 areas ST
Last/next earning date: Oct 13, 2006

TEVA short under: 33.19, stop above: 33.63, target: 32–31 areas ST
Last/next earning date: Nov 07, 2006

Watch list for 10/30/2006
IMPORTANT: Take only the opportunities that you really like and understand. Always enter a trade with a trading plan. If you have any questions, please feel free to ask me. There is a much greater chance of success in your trading if you understand the trade. That is very important. Taking just a few trades is enough to be a successful trader. Overtrading is probably the number one reason new traders fail.

LONG:

SVU long above: 33.68, stop under: 33.50, target: 34.50-35 areas DT ­­­­­­­­­­­­­­­­­­­­­___________________________________________________________________________

Looking at GOOG, it just seems to be a money tree, Haha
I picked it when it was $300, now is is up close to 50%, I definately see it goes up even more, may be a double from here in 6 months.

AMZN will not ever reach 1000, but will GOOG?

I like to share a screaming buy I recently found:

It is INTERVOICE (INTV)

INTV provides converged voice and data solutions for the network and enterprise markets worldwide.

Basic reasons:
-There are heavy and frequent insiders buying activities (60K of shares were bought)
-Money Mangers also bought 500k shares
-It updated Financial Results for Second Quarter of Fiscal 2007; Reiterates Q3 2007 Revenue Guidance
-10/12/06 INTV : Upgraded from Mkt Perform to Outperform by Morgan Keegan.

Technical shows:
-Up/Down volume pattern indicates that the stock is under Accumulation.
-The 50 day Moving Average is rising which is Bullish.
-Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
-Chart pattern indicates a Possible Trend Reversal to the up side

Price Analysis:
-Yr. High 9.50
-Yr. Low 5.58
-MO Chg.(%) -5.9
-Resistance 6.75
-Support N/A
-SELL STOP 5.47
-Volatility(%) 4.1
-Position 40
-ADXR 24

P/E (ttm):
26.88
EPS (ttm):
0.234

Price Target:

$9.3 / share (50%)