Monday, July 9, 2007

Stock Ideas - July 10, 2007

ABS
ABS dropped a bit together with the market correction today.
MACD Still looks good, will continue to hold on to this issue.

AEV
With the Aboitiz power IPO this has been an interesting stock to play.

This stock slightly dropped to 8.8 then pulled back to 8.9 later on the trading day, i loaded some more of AEV
at 8.8 hoping that this will break 9.4 (cross fingers)

MACD is still good, indicators are all pointing up, will hold and wait for the next few days.

AMC
I bought this just because it seems to have broken out of an ascending triangle, though volume is really small
with little trade each day i think i will continue to hold on to this.

In the MACD/RSI point of view, this issue can still be consolidating. Will observe at this point and make a decision
about what to do with this later on.

APX
This issue has been consolidating since around May 2006, and seems to be compressing into a pretty sexy symetrical
triangle.

At this point MACD is below zero is positioning to cross up with the signal line.

Resistance is now placed on 6.7, a break at this price with volume should be a good signal to buy with an upside target
of 11

I am also considering this issue if i can trade the range here, buying around 5.8 then selling or wait for the
break at 6.7

JFC
COmpressed into a Sym Tri and Resistance is placed at 57
MACD just crossed the signal line, might break on monday, observe volume
Target is 70 - 22%

JFC Seems to have broken out of the traingle but volume does not readily confirm the breakout, will have
to observe tomorrows movement, nonetheless, I don't have any more funds to put on this hehe.

PLTL
This issue gave quite a good scare today dropping all the way down to 6.9, but seems like ATRK did some
last minute buying and bought all shares back all the way to 7.2.

MACD is still moving upward, showing a bullish sign, hope this issue will fly soon!

RLC
Seems to have bumped the resistance at 21.75 and is now moving down for another consolidation. Looks like
another waiting time for this issue.


Others to watch out for
ATN
- MACD Just crossed, Moving upwards seems to be forming a cup and handle
AT
BHI
BAL
- Pretty good consolidation
- Buy on break at 5.2

CMT
- Ascending Tri
- Watchout for MACD

EDC
- Sym Tri
- MACD Crossed

TA
- Resistance 1.62

JGS
- Sym Tri
- Resistance at 12.75

VUL

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