Friday, January 06, 2006

Back In The Saddle Again

I'm back in the saddle again
Out where a friend is a friend
Where the longhorn cattle feed
On the lowly gypsum weed
Back in the saddle again


---Gene Autry


Back at the trading station this week, January's always feel the same. First thoughts of gathering records up for the tax man. The charm of December's first snow has melted into grey dirty slush and finally, at the whim of a rainstorm, it's gone. Then there is the spate of three day weekends ahead, too many, too vague and Monday's are usually so much better for trading then Tuesdays, oh damn, too much griping for a Friday blog.

Harry Dent's January issue is out, he's looking for 15,000 on the DJIA by August. That's a huge move and the guy sometimes gets it right. How does the DOW go to 15,000 without GM? It doesn't. (Hint, Hint).

NNVC
is back over a buck a share. This is on virtually no news. Something is going to give here, either news or the price. Again, I think it can go either way, huge opportunity AND risk. You decide.

SMTR
and WAVR biding, falling, stagnating. Nothing changed in this picture. Waiting for ignition, blast-off, but also acknowledging they could be duds. They are high leverage, bull market plays. Remember, we are rolling the dice on these two, so don't worry.

First three days of the new year have been great for my kind of daytrading. The take-away from this small sample of trading is that something may be different this time. Say, the beginning of the Wolanchuk-Dent Bull Market of Epic Proportions.

Let's make it happen, team.

A

5 comments:

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ilene said...

Allan,

Maybe nnvc is reacting to the stories about bird flu in Turkey: http://news.yahoo.com/s/ap/20060108/ap_on_re_mi_ea/bird_flu;_ylt=AslKHK6BHjQUSUiWpxLcHsWs0NUE;_ylu=X3oDMTA3b2NibDltBHNlYwM3MTY-

still skeptical, ilene

Anonymous said...

http://www.siliconinvestor.com/readmsg.aspx?msgid=22041474

this is sweet, very sweet. glad i stayed in

Allan said...

this is sweet, very sweet. glad i stayed in

NNVC is not a stock to easily get shaken out of by reasoned skepticism; profit taking on partical positions, yes, maybe, but at this very early stage in it's development, you hang on to a core position, whatever you are comfortable with, until their viability is proven otherwise. One Million shares traded in the first hour today.

A