J Stock Report Newsletter for the week of August 18th, 2007
New stock additions:
None
Old Position Action:
1. CRNT
A bloodied week was capped off with a large move back to the upside as we stuck to our guns on the quality of this company.
2. WMGI
Strong support for this stock continued throughout the market madness, was good to see a safe haven with the market falling to pieces.
3. SVR
Once again this successfully tested the 200 day moving average and bounced higher. While we like the name, we are getting weary of holding this one with no big upside movement as of yet.
4. SXE
This stock bounced nicely off the 50 day moving average nicely and continues to show strength in any market upturns.
5. ELP
Being a foreign stock, ELP holders went into a panic as the market tumbled and emerging markets sold off hard in anticipation of U.S. recession. This was also one of the first names they scrambled to reenter as the global markets strengthened. Stellar earnings were overlooked by most during the market decline but as the smoke clears we think we still have a winner here.
6.RADS
A nice contract press release with Dunkin Donuts pressed this stock higher and showed a glimpse of its big potential.
7. FTWR
This stock was upgraded during the week but still didn't find many interested parties. While we still like the name, patience is wearing thin.
8. INWK
This is yet another name whose stock action is perplexing. Large intraday ranges and swift moves seem to be the norm. We are still not seeing the conviction from buyers we would like to.
Some things we are watching for potential entries:
SYNA, CCC, LAYN, VNDA