Monday Morning Monotony

Posted by Timothy Sykes on Mon 12th of Nov, 2007 08:47:01 AM

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Overall market doesn’t seem to know what it wants to do—afternoon panic possible, but not probable. Highfliers BIDU, ISRG, FSLR, SOHU, JRJC, SPWR all down nicely—flight to conservative investments like CYGT. Just kidding, but CYGT is acting nicely on continued volume, increasing the bid from .06 to .07 and now .09 and taking out the 0.09-.10 ask and pushing it all the way up to .17 (now a .13 guy just came in hoping to get lucky). Endeavor Acquisition (

AMEX: EDA ) breaking out—it’s actually American Apparel—very below the radar, but the stock moves soooooo slowly.

Bounce plays like CROX, LULU, VDSI and VMW are mixed—CROX coulda woulda shoulda been a nice gap-up play over the weekend, but now it’s fading, LULU’s price action is more boring than yoga, VDSI bounced nicely on an analyst upgrade (thought about it as a gap-up play on Friday, but its pathetic Friday afternoon action dissuaded me—I feel no guilt whatsoever about not being in it), VMW is trying to bounce, but it’s not easy.

DO NOT TRY TO PLAY E*TRADE Financial Corporation (Nasdaq: ETFC ) FOR A BOUNCE. Earnings misses are one thing (VDSI, CROX), but credit worries, writedowns, probable management resignations—who knows how far down the rabbit hole this goes (tax-loss selling season doesn’t help either). I won’t short it either because bounces are possible as news, articles and opinions will offered every few minutes this week and some of these developments might help the stock price. This goes to the core of my beliefs—never trade stocks that sooooo many others are trading because there’s too many varying opinions and there’s no way to get a high percentage trade off one way or the other.

No big winners looking ripe to short, one potential one, SMRT marches steadily higher. Other than that, nothing looks very interesting—I’ll keep researching…

Warning: TIM, Timothy Sykes, and the Easter Bunny have positions in CYGT.

Please note that due to factors including low market capitalization and/or insufficient public float, we consider some of these stocks to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

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Date	Stock	Buy	Sell	Net
Nov 11	IIJI	$2,79	$2.95	$442
Nov 6	CVI	$4.42	$4.70	$530
Nov 5	MECA	$3.68	$3.95	$490
Nov 4	CVI	$5.18	$4.94	$472
Nov 4	CVI	$4.83	$5.01	$333
Nov 3	NAK	$3.30	$3.37	$157
Oct 31	IDAE	$2.18	$2.18	$20
Oct 30	HSNI	$7.37	$7.86	$561
Oct 29	EVC	$1.97	$2.70	$1439
Oct 28	HSNI	$6.92	$7.30	$540
Oct 28	HSNI	$6.20	$6.00	$320

Total: $34,399 (177%)

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