This issue is now back in positive territory after a weak start. This
stock is one that could easily go back to 142 if the SPX rallies to 1,514.
I have a modest objective to start. Note how we have had a good test of
the trend line from the August lows. October
22, 2007
TXI Texas
Industries +11.57
I'm going to add a new call position for Texas Industries (TXI). The
firm is up despite reporting weak results. I'm looking for a rally to test
the old high at 89. July 12, 2007
ICE Intercontinental Holdings
+11.47
Intercontinental Exchange (ICE) is
having an upside breakout from a cup with handle pattern on very good volume and
option activity is huge. It's very hard to imagine the stock not making a
new high above at least 170. I'm adding calls. -- July
11, 2007
CROX
Crocs, Inc. +10.07%
I really like the exchanges and special situations. One of these
situations is Crocs (CROX). The firm makes those silly rubber shoes that
every seems to be wearing. Recently the company has come under the
microscope because some analysts believe it's foray into higher priced shoes
will be a loser. The stock has corrected and looks ready to make an
assault on the most recent highs. I'm going to add calls at the open,
something I rarely do. This stock could get to 47-48 early next
week. -- July 6, 2007
CME
Chicago Mercantile Exchange +3.52%
I have been watching Chicago Mercantile exchange (CME)
all session. This one is definitely headed to at least 560. Aggressive
traders can buy calls in anticipation of this move. -- July
5, 2007
BA Boeing,
Inc. +4.71%
Boeing
(BA) is one of those stocks that can make a lot of noise on the upside if the
market remains firm. I like the fact that stock managed to get through the
20-day moving average yesterday. The next resistance point is 98.20.
-- July 2, 2007
CMI
Cummings Engine +12.45%
Cummings Engine (CMI)had a nice breakout through a
symmetrical triangle yesterday. The reason for the breakout was an upgrade at a
leading Wall Street firm. Citigroup's David Raso told clients to expect strong
revenue from its industrial engine, power generation and components divisions.
Raso raised his 2007 earnings prediction to $6.26 versus his previous prediction
of $4.98. I believe the stock can challenge its old highs in this stock market. --
June 01, 2007
More Reports
Intercontinental Holding and Texas Instruments I'm going to add a new call position for Texas Industries (TXI). The firm is up despite reporting weak results. I'm looking for a rally to test the old high at 89.
Crox, CME, Boeing and Cummings Engine Bulls pressed toward new highs for the SPX yesterday. That was not a great surprise what with the Boeing (BA) order news early in the session and the weekend takeover chatter surrounding FedEx (FDX).
Is Apple Crisp or Micro-soft? Last week’s declaration that Apple Computer, Inc. changed their name to Apple, Inc. reflects the change in their mission from a personal computer manufacturer to a designer of integrated media systems.
History Repeating Itself? With the Iraq war no longer a mere possibility it seems that everyone is a bull. Most will rationalize that there is every reason to be optimistic
All That Glitters... I'm a fairly patient guy. The truth is not too many things get me excited. Most of the time that is a very good thing. But I can hardly contain my excitement with respect to the downside potential of gold stocks.
