Plenty of Opportunity
December 23rd, 2005 by BWV
Things are poppin, baby. But you wouldn’t know it with a casual look at the Dow Jones Industrial Average (DJIA).. it’s doing jack, down 5 measly points.
However, a look under the surface reveals plenty of stocks either already in upward motion or (presumably) fueling up for their next move
In motion now:
This one took off today on its 4th try at the $25 level. I doubled up on Verifone (PAY) today around $25.60, and this is my biggest position now. Volume is running huge, and I’d be surprised if this isn’t the start of a new leg up. I think this thing is going to be a monster, and am looking for at least a double in the next 6-12 months.
On the launchpad:
Norsdon (NDSN) announced big earnings last week.. and the market obviously like it. But since the stock didn’t trade up right into earnings, that tells me the big numbers weren’t really anticipated by many.. making the reaction more powerful. I bought some on that big up day, got stopped out of a portion of it for a tiny loss, and have added some back on this pullback. Now it’s creeping up and the range is narrowing. I’m ready to nearly double this position also.. on a move thru $42.20.
Long NDSN, PAY (and 32 others)
