3SOF

This is one of stocks I have been monitoring due to its high volume activity.  The Institution/Money Managers have been selling heavy per Lycos I-watch, but the recently upgraded stock rating has some short-term room to gain, IMHO.  If not, I'll sell and move onto the next stock on the list. 

"Strong quarterly earnings also gave a boost to Starbucks , which rose 2.3 per cent to $30.12 while electronic manufacturer Sanmina-SCI (NASDAQ:SANM) surged 12.5 per cent $4.12."

http://biz.yahoo.com/ft/051104/fto110420051042465744.html?.v=1

I put my gains from NVAX and HEB into SANM this morning at $4.25 (yes, 10,000 shares).

Here's link to analyst rating:

http://finance.yahoo.com/q/sa?s=sanm

http://finance.yahoo.com/q/ud?s=SANM

Good trading!

Highest "Intraday High-Volume Gainer!" for this morning's activity.

http://moneycentral.msn.com/investor/finder/deluxestockscreen.aspx?query=Intraday+High-Volume+Gainers&btnQryFrm=Go//

Wow, what volume activity.

I am a short-term swing trader, so I'll probably hold until Monday.

If you can trade intraday, be sure to take profit after a "significant" gain and buy back on pullback/dip (always).

If you want to buy SANM, wait for a dip, and buy on rebound!

I am off to work!  See you later!

I also jumped on this stock today, too.  I figure I can afford a little bit of risk after making all that profit on SNTO and SVNX.  I'm in with 1000 shares at 4.36.  Hope this does as well as the other two.

Leaira

same here, got in this morning.

been a great morning... seems to have stalled at 4.50... looks like a lot of sells were triggered.

hopefully the run will continue with a strong afternoon finish.

good luck!

SIMC is listed as SANM competitor. SIMC is also going up today. Someone said that SIMC will report 3Q earnings next Tuesday. Is SIMC going up because of SANM or because they expect strong earnings? I see that SIMC has a very low float, something like a million shares.

Anyone care to comment? anyone in SIMC? TIA

when it looked like we might not get the final push at close, i thought about taking quick profits and running... but i didn't...

i'm holding over the weekend till monday... hope the run continues.

wow, even after all the gains today... still going up in AH!

have a great weekend everyone!

Good evening!

Nice gain today!  Let's recap.

SANM closed at $4.41, up $0.75 (20.49%) with 38 million shares traded!!!  Although MACD is in the negative territory, RSI is down to 20, which represents an extreme underbought condition that indicates a strong "BUY" as demonstrated by today's spiking gain supported by large volume activity.

Continued gain next week will pull the 10 MA upwards towards the 50 MA.  Today's spiking gain actually caused the 10 MA to "spike" up linear, insted of the typical "curve up."

Nice pick guys. (applaud) SANM will probably test its 200 day ma 5.00! Plenty of upside left!

The unusually large Institutional/Money Manager activity of intraday Lycos I-watch chart made me curious.  So I pulled the month chart.  Wow, that's some Inst/MM activity!!!

Thanks rogertanker for the link, from Yahoo MB:

   
Sanmina-SCI surges; profit nearly triples
By Rex Crum, MarketWatch
Last Update: 4:30 PM ET Nov. 4, 2005 

SAN FRANCISCO (MarketWatch) -- Sanmina-SCI Corp.'s shares surged more than 20% Friday as the electronics contract manufacturer's fourth-quarter profit nearly tripled from a year ago.

SANM (4.41, +0.75, +20.5%) saw its shares climb 75 cents to close at $4.41, one day after its late-Thursday earnings report.

The company said it earned $15.1 million, or 3 cents a share, for the three months ended Oct. 1, up from $5.3 million, or 1 cent a share, in the fourth quarter of fiscal 2004.

The profit increase came even as revenue fell about 14%, dropping to $2.77 billion, from $3.3 billion.

Excluding one-time items, the electronics manufacturer would have earned $31.3 million, or 6 cents a share. Analysts surveyed by Thomson First Call had forecast earnings of 5 cents a share on $2.73 billion in revenue, on average.

Sanmina, which makes computers, networking gear and communications equipment for many bellwether technology companies, also said it expects to reports a first-quarter profit, excluding charges, of 6 to 8 cents a share, on revenue of $2.8 billion to $2.9 billion. Analysts' average forecasts stand at a profit of 7 cents a share on revenue of $2.92 billion.

Analysts at Robert W. Baird raised the brokerage's rating on Sanmina to neutral from outperform following the earnings report.

LiveLife,

i've always been curious about the iwatch charts... some one one the yahoo MB commented that it was just "novelty"... and i've always taken it with a grain of salt. just when i think i have it figured out, it always throws me a curve.

first off, there seems to be a discrepency as to what the arrows actually mean. if you click the "how to use price chart" link, it appears the arrows represent an institution's interest signal to buy or sell as the case may be.

same for the "how to use volume chart" link... it says "Each bar represents aggregate institutional buy and sell messages ("advertisements") for a 20-minute interval."

so again, it's not necessarily actual buys and sell from the institution.

now the pie chart... it says, "pie charts allow users to determine whether Institutional or Retail investors are driving today's price movement for this stock."

then it goes on to say that,  "After a broker/dealer executes a trade, it often reports the trade to Thomson's..."

so now, it looks like we can use the pie chart to gauge institutional buying/selling...

but wait, there's more!

"Institutional brokers often maintain internal house trading accounts as "market makers." When these firms report their trades it is impossible to determine whether the trades were executed on behalf of an institutional client or for the firm's own house trading accounts..."

that tells that the pie chart can be misleading.

in a nutshell, any broker/institutions can send out buy/sell signals... which may be their intent or may not be but just to manipulate the market. the volume chart, again are only signals, and the pie chart may or may not be accurate depending on how brokers handle the buy/sell order. whether intentional or not, if you notice, it actually refers to them as "market makers"... and we all know they cannot be trusted.

take a look at the 1 week chart.

starting nov 28 to close today, there looks to be more red arrows. and more red volume bars... just by that alone, i would interpret that as insitutions are selling... yet from last friday to yesterday, there was a slow and steady rise in pps. almost like institutions were accumalating under the radar so to speak. and finally, today, again... more red arrows and more red bars... sure they could have been selling into the rise but that doesn't seem their style especially with upgrades.

now if you look at the pie chart for the week, 36%!

so you have red arrow and bar sell signals with 36% insitutional activity, my logical guess would be they were massivly selling... but with that kind of fire power, how can the PPS go up all week and have the gains today as it did?

i have notice this pattern with a number of other stocks... on days where there are big gains, there will be more sell signals and vice versa when a stock is falling.

you could argue the buy low sell high and sell into a rally... but looking at sanm's 1 week iwatch charts, it doesn't make sense.

maybe someone can explain it.

it would be greatly appreciated.

cheers!

stopthemadness,

Yes, you have asked the same questions I have asked and wondered about Lycos I-watch.

What I have learned and "concluded" was this:

Buy/sell "requests" are represented by "light blue/pink" arrows.
Buy/sell "executions" are represented by "solid blue/red" arrows.

When I check the intraday Lycos I-watch chart, I only care about the sold blue/red arrows.  Often a request is made, but is cancelled for a number of reasons.  I now use Lycos I-watch more of a "guide" than exact representation of Inst/MM activity.  Also keep in mind that Lycos I-watch is only a "reporting" site.  It can only report the "qualifying" Lycos Inst/MM activity it monitors.  It is also a "live" streaming chart, so early morning activity will not show later in the afternoon.

However, Lycos I-watch still provides an invaluable service to us "retail' traders.  It is one more tool that we can use to assess a stock and evaluate the activity that surrounds the stock.  For this swing trader, more information I can find, the better.

Good trading!

Good morning!

I did some chart analysis this morning and with RSI climbing above 60, towards 70 (RED ovals) indicates possible "overbought" condition to be followed by "selloff" as did late July.  However, Thursday's earnings report "tripled" the forecasted target, which changes everything.

If 10 MA continues up and breaks through 50 MA with matching volume activity and with MACD in the positive territory, SANM may demonstrate that it has hit "bottom" and is rebounding.

Recent analyst's upgrade based on Thursday's positive earnings make SANM very attractive.  Perhaps all the Institutional/Money Managers that sold may buy back SANM next week. 

I also posted BarChart.com's composite indicators:
http://quote.barchart.com/texpert.asp?sym=SANM

Time will tell, good trading!