Business Week

Friday, July 23, 2004

IDNX - Pre Market move

Extended Trading

There was a piece on CNBC last night on biometric systems being recommended by the 9-11 commission report. I didn't see it, but word was IDNX was mentioned favorably. Along with FLIR - with was up big yesterday!

Hopefully, this move sticks and we get this back into the 6's.


Monday, July 19, 2004 - Real-Time Streaming Stock Alerts for US Equities - Real-Time Streaming Stock Alerts for US Equities
Do you believe the stuff that is out there? Look at this. How is the average basic TC2000 user who can't watch a ticker all day going to compete against people who use this stuff?


Wednesday, July 14, 2004

ClearStation : Focus for votaaaj

ClearStation : Focus for votaaaj

I am not sure if any of you have seen or used the ClearStation web site from Etrade but - it seems really awesome. I put some of my holdings in for a portfolio and added some to a watch list.

I really like the way this site organizes your stocks and the way it categorizes what you are holding or watching. You can put in recommendations for both Short and Long, see what others are recommending, etc...

I think we can use this as another tool to share information.

I set up a free account.

I think I am going to like this. Maybe not enough to switch to Etrade but...

Not real-time of course on the quotes but you get what you pay for and this is free.



Monday, July 12, 2004

NXTL - Worden Note - Short w/ Initial Target around 22 (May lows)

NXTL - Daily

Trying a new site for Free Charts. Let me know what you guys think of it.


VTA: I'd Like To Say "No Comment"

VTA: Summary for VESTA INSURANCE - Yahoo! Finance

I'm still in this unfortunately. I can say that I might be making a mistake but I added to position today @ 5.59. Lowered my average cost, and increased my losses.

I think this is way oversold now and hopefully I can get a recovery soon.

The IPO AFFM moved up today.


PPC: Another Intraday 52 Week High

PPC: Summary for PILGRIMS PRIDE - Yahoo! Finance

Closed unchanged today. Opened higher, hit a new Intraday 52 week high (31.74) around 10 AM, moved lower. Rallied after 12PM and then gave back about .20 late in the session.


MSA: Good First Day on NYSE

MSA: Summary for MINE SAFETY APPL - Yahoo! Finance

I got my wish with this one. MSA had a good opening day on the NYSE finishing up $1.43 on 129% Avg Daily Volume (based on old 3 month AMEX volume avg) It hit 34.05 around 3 PM, gave some back and then tried to rally late.


Saturday, July 10, 2004

SHORTS ( Dont hose your shorts)

Shorted MTH on Fri 7/9. Looking at potential shorts:
URBN, SWIR, UFCS. Also AVD, although probably too late.


Friday, July 09, 2004

MSA - On to NYSE for Monday

MSA: Summary for MINE SAFETY APPL - Yahoo! Finance

News announcement today that MSA chairman rings the opening bell at the NYSE Monday as they will now be trading on the NY come Monday.

I hope this gets some new positive movement with the move off of the AMEX.


PPC: Summary for PILGRIMS PRIDE - Yahoo! Finance

PPC: Summary for PILGRIMS PRIDE - Yahoo! Finance

Penny short of the 52 closing high and a new intraday high of 31.65.

This one is saving me for the time being.


AXCA - Stopped out @ 19.19

AXCA: Summary for AXCAN PHARMA - Yahoo! Finance

Wow! I totally missed this happen, but I looked up and saw it hit a low of 18.85 early today, and I had a stop loss in at 19.19 for my 8% stop - so I'm out.

Now, back to that VTA disaster I am in the middle of right now!



Thursday, July 08, 2004

News Alert - MSA MSA Acquires U.S. Military Gas Mask Contract

MSA Acquires U.S. Military Gas Mask Contract

Good news item came late in the day on Wed 7/7. It caused a temporary spike up in price but did not have the effect I thought it would have.

Will see if there is any follow through it what should be a down market for Thursday.

MSA move to NYSE is next week.


VTA breakout $6.83

Fallond invest history - VTA breakout $6.83

Contemplating (but hopefully not for too long) whether to jump back in on Vesta VTA. It ha finally broken out in conjunction with an IPO spin off of part of their insurance business.

Short term target is $8.50 with a stop loss at 5.99


Tuesday, July 06, 2004

PPC - New 52 Week High

PPC: Basic Chart for PILGRIMS PRIDE - Yahoo! Finance

Following this one from the CANSLIM.NET newsletter. Got in on Wed 6/30 @ 29.60

Holding 200 shares.


Saturday, July 03, 2004

Vanguard Economic Report

Economic Week in Review: June 28-July 2, 2004

In a widely anticipated move to counter inflationary pressures, the
Federal Reserve Board raised short-term interest rates on Wednesday for
the first time in four years. The Fed's Open Market Committee (FOMC)
raised its target federal funds rate by 25 basis points to 1.25% and
again promised to raise rates at a "measured" pace. June's employment
figures, released Friday, were disappointing after three months of
strong reports. For the week, the S&P 500 Index fell 0.8% to 1,125. The
yield of the 10-year U.S. Treasury note fell 19 basis points to 4.46%.

Fed officials had signaled for weeks that short-term interest rates--
which were at their lowest levels in more than 40 years--could not
remain so low for much longer. In its statement announcing Wednesday's
rate hike, the FOMC said that it regarded the recent acceleration in
inflation as "transitory" and expressed confidence that inflation will
remain relatively low. That said, the FOMC indicated that it would
abandon its "measured" pace of rate increases "as needed to fulfill its
obligation to maintain price stability."

Nonfarm payrolls increased by 112,000 in June, the Labor Department
said, less than half the consensus expectations. Manufacturers cut jobs
for the first time since January, while the government sector lost jobs
for the second month in a row. Since August 2003, payroll employment
has risen by more than 1.5 million. The unemployment rate was unchanged
at 5.6%.

Consumers brought home larger paychecks in May and spent more than they
had in 2-1/2 years, the Commerce Department reported Monday. Personal
income increased 0.6%; disposable income, or income after taxes, grew
at the same rate. Meanwhile, personal spending grew 1.0%, up
significantly from April's increase of 0.2% and the largest increase
since October 2001. When adjusted for inflation, disposable income was
unchanged and spending rose a modest 0.4%.

Consumers were also far more confident. The Conference Board announced
that its index of consumer confidence rose from 93.1 in May to 101.9 in
June, its highest level since June 2002. The survey of 5,000 households
released Tuesday found consumers were decidedly more confident about
the labor market after several months of strong employment reports.

Construction spending climbed 0.3% in May to an annual rate of $988.5
billion, the Commerce Department reported, but fell short of analysts'
expectations of a 0.7% gain. Private construction rose 0.4%, while
public construction dipped 0.2%. Construction activity continued to be
driven by the single-family housing market; spending in the residential
construction climbed 0.8%.

Manufacturing expanded in June, but at a slower pace than in recent
months. The Institute for Supply Management (ISM) announced that its
index came in at 61.1, down from 62.8 in May, marking the eighth
consecutive month that the barometer of manufacturing activity was
above 60. (A reading above 50 indicates growth in the manufacturing
sector.) While the new orders, production, and backlog of orders
components of the index all declined from their May levels, they still
grew significantly. The employment component fell to 59.7 from 61.9 in
May, but this still signaled a steady increase in manufacturing

Factory orders fell 0.3% in May, following a 1.1% drop in April, the
Commerce Department said. Analysts had expected a decrease of 0.6%. New
orders for durable goods, which include products such as furniture and
appliances, fell 1.8% to $188.6 billion.

The economic week ahead:
The upcoming week should be a quiet one for economic news. The only
major reports scheduled for release are the ISM (Institute for Supply
Management) Non-Manufacturing Index (Tuesday) and consumer credit


Friday, July 02, 2004

More AXCA info

From the Yahoo! message board but the author of this info had some good info.

It formed a near-perfect 3-month cup with a 2-week handle breaking out on june 18 with 6 times average daily volume. Reaffirming the following day by closing in the upper half of its trading range on nearly 4 times its average daily volume. it has been in an upward sloping pattern ever since.

Its last run carried it from a low of $12.05 to $20.80; a 72% increase. no reason to think it cannot see $28-29 on this run.

Big money doesn't often get it wrong. institutions are buying this thing up.

companywise revenue has been up every quarter.

the future is bright.(click on: Axcan Pharma - June 2004)


Thursday, July 01, 2004

AXCA: New 52 week High today!

AXCA: Summary for AXCAN PHARMA - Yahoo! Finance

For a down market day, it was good to see this position stay strong and make a new 52 week high today. It closed at 21.69 and hit a high of 21.80 late in the session.

As reported here: options have begun to trade on this stock although I don't see the quotes yet on Yahoo.