Tony's Tech Blog : Trader Mike: Morgan Stanley on the Potential of RSS

Tony's Tech Blog : Trader Mike: Morgan Stanley on the Potential of RSS
Cross posted with My Tech Talk Blog

Very interesting Morgan Stanley report on My Yahoo! and their use of RSS feeds in the new version of My Yahoo! Very timely post and report since I just spent last night in a My Yahoo! focus group in NYC talking about the future of My Yahoo!

It is time to take a good hard look at Yahoo shares.

RAE: Summary for RAE SYSTEMS INC - Yahoo! Finance

RAE: Summary for RAE SYSTEMS INC - Yahoo! Finance
I got into this today. 500 @ 6.70 late in the day 3PM or so. Earnings were good and are now out of the way. New highs above 7 should be seen soon. I wanted to do 1K shares but figured it might correct down some - so I took 1/2 an intended position just to be in if it continues to move up. Options play potential too!

BTW, got out of ALDN for a $.90 / share gain in less than 1 day of holding! Made a few hundred. Missed the top but it was coming down as fast as it spiked and I didn't want to hang on for a wild ride. In at 24.60 out at $25.50.

Forbes.com 200 Best Small Companies

Forbes.com
Ideas! I like the names I see here. Some of the same ones we have been following for trades or investments.

The Top Ten

1. Cognizant Technology
2. Headwaters
3. Lannett
4. Amedisys
5. Cytyc
6. Shuffle Master
7. Orleans Homebuilders
8. Ceradyne
9. St Mary Land & Exploration
10. Biosite

ALDN: Summary for ALADDIN KNOWL - Yahoo! Finance

ALDN: Summary for ALADDIN KNOWL - Yahoo! Finance
I took a shot on this today. In at 24.60 around 11AM or so. 400 shares. I really liked the looks of this stock, earnings are out of the way, IBD Stock Checkup ia A+. Down early, heavy volume, no news. It might be a bit risky but it seems to have stabilized at 24.50 for now. I looked at the Parabolic SAR and Bollinger Bands on Yahoo! technical analysis and figured it was going to soon break one way or the other, I went with Up! Hopefully!

Identix Live Scan Technology Being Deployed for U.S. Visit Entry/Exit Border Security Program

Identix Live Scan Technology Being Deployed for U.S. Visit Entry/Exit Border Security Program

Although this is an oder on the previously announced blanket order, they have announced that this in conjunction with previous unidentified orders total $3.6 million over the past 6 months.

Premarket indication is: up .40 or 5.6%. Right at the 7.50 strike price of the Nov calls I sold. I wonder if this is a start of a real sustained move up, or if earnings still has the potential to take some wind out of the sails. I am prepared to get exercised if it comes to that. I can always take a new position.

The Chartman's Key for Traders - mentions IDNX, sold covered calls

The Chartman's Key for Traders

Well, I got my covered calls sold today, as the stock starts to move up aggressively. Now, I can only hope that history will repeat itself and I won't get exercised prior to Nov 19th.

Here is the trade:

Margin XIDXKU / CALL IDENTIX INC NOV 7.50****11/20/2004 EXPIRATION DATEOPEN CONTRACT Sell -10.0000 -370.49 0.4000000 10/15/04 10/19/04

Department of Defense Armed Forces, Other Non-DHS Federal Agencies Place Orders Valued at Approximately $900,000 with Identix for Fingerprint Biometri

Department of Defense Armed Forces, Other Non-DHS Federal Agencies Place Orders Valued at Approximately $900,000 with Identix for Fingerprint Biometric Live Scan Systems

Keep them orders coming! Earnings date is set for Oct 28th. It sure would be nice to see an upside surprise and some increased guidance.

I have an order in to sell the 7.50 covered calls for Nov. Hopefully it will fill on the upside pop from this news.

This stock always seems to give it back after the pop on the news. I am hoping to not get exercised or be able to buy them back for a profit before expiration.

Stopped Out of PXR - Errored out of NSS

I got stopped out of PXR this AM @ 22.65 for a less than 1 point gain. I didn't like the looks of the action late yesterday and set the stop, it went off at the open.

I'm also out of NSS this AM, I was going to set a Stop on it and instead I wound up hitting the wrong button and selling it as a Limit order for 19.40. Doh! I hope this doesn't turn out to bite me in the future. But I did profit on both trades, so maybe it is good to take some profits here.

I will watch both for possible re-entry.

Identix Receives New Purchase Orders Valued in Excess of $650,000 from Two Local Law Enforcement Agencies for Live Scan Systems

Identix Receives New Purchase Orders Valued in Excess of $650,000 from Two Local Law Enforcement Agencies for Live Scan Systems
Well, it is yesterday's news now, but I wasn't around most of the day yesterday and didn't get to read the news until the evening, and I am just getting around to noting it on the Blog.

I am contemplating selling the $7.50 covered calls for November. This stock typically pulls back and there is the upcoming earnings announcement - however, the pace of the orders and press releases has really picked up of late. I'd hate to be short sighted for a few hundred if this thing has legs that can get it to $10 before it sees 5 again. (Of course, I hope it never looks back)

PXR BigCharts - Java Chart

BigCharts - Java Chart
Paxar hit another 52 week high today @ 23.88 and closed just off of it at 23.82. Volume has not been that great with these new highs.

I decided to use the Big Charts Java tool instead of Yahoo on this post today.

IDNX News Release - U.S. government orders $750,000 of Identix systems

Latest News and Financial Information | Reuters.com

$750K order from US Govt. This is starting to pick up speed on the orders and press release front.

Up almost 5% in Premarket.

GO IDNX.

SPRT: Ouch!

SPRT: Summary for SUPPORTSOFT INC - Yahoo! Finance

Very glad I got out of this one when I did. This just re-emphasizes the risks. There is little one can do when their position opens down 30% from the previous day's close.

I sold at 9.40 a few days ago. Can't remember the exact date and don't want to look it up.

End of Day Update:

For the day, Monday 10/4/04 - Down 35.45% or $3.41 from previous close of 9.62 on Friday.