OMCL

OMCL rose on almost double its recent average daily volume on Friday. It has had a solid run in 2007 that took it above $30 in October, before a pullback that bottomed it just below $24 in Nov. 07. It bounced this week in a miserable market at its 50 dma at $26.18 Look for…

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A Chicken In Every Pot

The market treated Bush’s plan as the non event that it really is. This is the most advertised and talked about “bottom” in history, buy I do believe we should see a good bounce Tuesday or Wednesday. If we are lucky enough to get a lower open I am going to establish half positions. I…

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Lunchtime update

I mentioned yesterday that I thought the dry shippers were done doing down as they exhibited great relative strength. Today DRYS,EXM and even my favorite short GNK are trading much higher. The lesson learned here is that so many names are ridiculously oversold and when we do get a bounce that sticks, it should be…

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Be Careful Today

It’s option expiration day and at least the first few hours will be interesting. Futures are much higher but be wary of a fade later today. It’s possible they stay strong all day. I will be looking for quarters and halfs today as the punch bowl can be taken away at any time. If they…

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Groundhog Day

Does Bernanke shoot novacain? When does this guy start to sound like he knows what he is doing? I’m starting to think the only thing that helps is an inter-meeting cut– but for .75 bp’s NOT .50bp’s. The market sucked again. The shippers actually look like they are tired of going down, The solars tried…

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INCY,CREE,FLIR

I mentioned INCY about a week back and thought that 11.50-.75 was a key area. Today the stock traded great volume and went to $11.97 before it backed off. Should make new highs soon CREE was one of the best percentage gainers today. If this turns out to be a continuation play it could pop…

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