posted
some publication someone posted on yahoo boards below....see end for MDWV comment....
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THE HOTSHEET from Getatip.net For Tuesday December 26, 2006
Bringing you 16 years of investment experience and hours of after the close research in one HOTSHEET
NOTES:
• Last week the NASDAQ fell every day and was down 2.3%. First support is 2380 – 2390. The depressed stocks on the “Year End Bouncers” are really coiled up and can explode any time now. Its just a matter of the tax loss selling easing. I’ve put together another list and would suspect some of the names to double or triple over the next month or so.
• Check in periodically on the Getatip **** throughout the day, if come across anything interesting I’ll **** it.
BREAKOUTS
IFX (Infineon Tech ADS) Broke out at 13.84
WATCH FOR BREAKOUT
MAR (Marriot Intl) Over 47
BLUD (Immucor Inc.) Over 30
BOUNCE OFF BOTTOM OR SUPPORT
SOLD (Housevalues, Inc.) Over 5.80
QID (Ultrashort QQQ Proshares) This is not so good news for the NASDAQ as this derivative moves inversely to the Q’s 2:1, nonetheless it broke resistance of a short term base at 54.40 – It may be a good idea to hold as a hedge to a portfolio. A strategy might be to hold QID and pick up a basket of the “Year End Bouncers” as sort of a matched trade.
SPECIAL SITUATION
Visit the past SPECIAL SITUATION ****
GTN (Gray Television Inc.) Broke through a triple top at 6.90 and moved out of a 6 month base. Insiders acquired 350,000 shares over the last two months. Should move in sympathy with the consolidation in the industry. Book value is 7.76. The stock is down from 20.83 in July of 1998.
MDWV (Medwave Inc.) Was mentioned on the “Friday Movers ****” at 10.55 am at .54 and ran to a high of .80 on the day before settling down and closing at .57 Volume was over 14X normal. I’m not sure what the market for their non invasive vital sign monitor is but its most likely over their market cap which is 7.6 million and as the stock is down from a high of over 10 in April of 2004 I’d say it’s a pretty good candidate for one hell of a bounce as tax loss selling eases.
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