My picks that I may buy tommorrow

[akclide]

crus down to 10 still a hold for me.
sanm still looking healthy at 5.72
naps sold it today as mentioned in yesterdays post for 4.4
tune at 7.08
ppp  and pdc went up a little.

Enmc is not acting as well as I had hoped for so I am going to bench it for now.

AS mentioned yesterday got in TMY at  5.98 closed today at 6.51 almost 10% gain.

I will right a detaile post on SUNDAY.

[akclide]

As promised this is the total rundown since I started writting the thread.

SCLN    23%
ciph     (22%)
WTSLA   4%
swks      19%
EXTR    ( 8%)
UTSI      2%
RSTO     2%
AMTD  (9%)
CRUS    19%
naps       6%
SANM    39%
Tune    19%
KOPN     5%
PPP     (4%) 
TMY    9%         Total 6.6 % so far.

Nothing new for tomorrow.

[akclide]

CRUS went down to 9.61 Hold
Sanm 5.7 had a great run may be ready for pull back will see if starts sliding downwards will sell.
Specially if it goes under5.58
Tune 7.01 lost about 1 % will sell if it goes below 6.91.
ppp lost a very little ground still hold
TMY still looking good up another 2.5% to 6.67.
Tomorrow is a pick that may have a good risk to reward ratio.
MOVI
2.94 is a very strong support current price is 3.27

what does it do:

Movie Gallery, Inc. operates home video retail stores that rent and sell movies and video games in North America. The company rents and sells digital versatile disks, videocassettes, and video games. It operated 2,511 retail stores, as of February 28, 2005. Movie Gallery was co-founded by J. T. Malugen and H. Harrison Parrish in 1985. The company is headquartered in Dothan, Alabama.

What caught my eye was the short ratio.Average Volume (3 month)3: 2,456,290
Average Volume (10 day)3: 1,176,130
Shares Outstanding: 32.02M
Float: 27.18M
% Held by Insiders4: 19.05%
% Held by Institutions4: 116.60%
Shares Short (as of 10-Apr-06)3: 16.17M
Short Ratio (as of 10-Apr-06)3: 4.7
Short % of Float (as of 10-Apr-06)3: 59.60%
Shares Short (prior month)3: 18.65M

Chart has started looking good.Earnings on may 11th. Long options for june had fair vol.

[akclide]

crus went back up to 9.77.
SANM did exactly what I thought what it will do so I sold it just like I wrote in my post got 5.58 for it.
Tune went down again and just like I wrote yesterday in my post sold it and got 6.92 for it.
TMY great run up now at 7.2 buy was at 5.98 so far showing 20% profit.
PPP nothing much is happening still hold.
Bought MOVI for 3.18 It moved up good but then settled in a little red from the opening price.Looks ready to head north soon.
\
New pick for tomorrow is SUNW
The vol. has always been huge but the last 10 days has even averaged more.
Lately SUNW has been making a lot of stregic partners Tera medica , SAP. to nape a couple.
Best story is the one mentioned below a total transformation.

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MAY 8, 2006

Viewpoint
By Stuart Cohen


Sun's Big Open-Source Bet
Jonathan Schwartz could upend the company's business model to one that's dependent on software. But he has some big changes to make first

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An astonishing thing has happened at Sun Microsystems. A company built on high margins from hardware sales is now turning upside down and going soft. The face of this transformation is the freshly minted CEO and former McKinsey consultant Jonathan Schwartz. Originally a numbers guy turned software evangelist, Schwartz is almost certainly committing Sun (SUNW) to a future with a business model centered on software -- open source software. Advertisement

But the challenges are many. Sun historically has been a hardware company. Indeed, former Sun CEO (and current chairman) Scott McNealy is famous for once stating that software would someday be free. Little did he know that his successor would have to build a business model on that prediction.

Over the last 20 years, Sun and its brilliant research and development operation consistently delivered some of the biggest, baddest, fastest workstations and servers based on the UNIX operating system. They charged a premium for that performance. And when they built or acquired terrific software like Solaris and Java, it was seen by management as a loss leader to move more hardware.

UP A CREEK.  Sun won on hardware in large part because it embraced open standards before its competitors did. Examples abound. But perhaps the key decision was its call in 1984 to make open its NFS (Network File System) technology for retrieving files across a network. That put a rocket under early sales of Sun workstations that came to dominate the UNIX desktop market. Openness differentiated Sun, customers liked that, and Sun seized its comparative advantage in the market.

Can open save Sun again? That is the challenge before Schwartz today. Many of my colleagues in the open-source community are cynical about Sun's commitment to open source. When the dot-com and telecom booms burst in 2000 and 2001, Sun's share price collapsed, too. Sun was late to move business from its proprietary hardware to systems built on Intel (INTC) architecture. At the same time, Sun missed the open-source Linux boat and has been paddling furiously to catch up ever since. Last year, Sun made its flagship operating system -- Solaris -- available as open source. Sort of.

You see, Sun wrote its own open-source license. It's a license that many in the open-source community don't like, and with good reason. Unlike with Linux, all the rights to any changes to the source code for Solaris go back to Sun. So any developers contributing to Solaris are literally working for Sun for free.

OPENNESS IN OPEN.  In my experience, people will work for free when they see that work as contributing to the greater common good -- but not to the bottom line of a global computing vendor. This part of Sun's strategy escapes me. Time will tell if Schwartz can build a viable software ecosystem and vibrant development community around this approach. Linux works because thousands of developers willingly contribute code and thousands of vendors build solutions for customers around a truly open platform with the benefits -- and costs -- shared by all.

But open can mean more than access to source code. In many ways, Schwartz is a very open CEO, and I think he has made Sun interesting again. He's candid and open with customers. He does not appear to have sacred cows at the company. And he writes one of the most open, and interesting, executive blogs in IT.

As Schwartz shifts the company from a hardware to an open-source software business model -- moving from the sale of software licenses to subscription fees for "free software" -- Sun increasingly resembles the most successful open-source software company in the market today, Red Hat (RHAT). Red Hat shares are up more than 150% in the past year, triple the increase in Sun shares.

HOW ABOUT JAVA?  Of course, Sun's cost structure will have to change as well. It's hard to be taken seriously as a software company when most of your revenue comes from hardware. Sun helped destroy Digital Equipment 20 years ago, when that company couldn't change its cost structure quickly enough and got consumed in its own DEC spiral.

Maybe it's time for Schwartz to double down on his open-software bet. He ought to consider selling off Sun's legacy SPARC processor line (after all, he doesn't want to get trapped in a DEC spiral either). The next move: take the AMD (AMD) Opteron server business offshore -- and voila, Sun truly becomes a software company.

Then Schwartz has an opportunity to dramatically change the software playing field and at the same time give back to the open-source community that's so critical to Sun's future success.

If open source is good for Solaris, isn't it time that Sun freed Java under an open-source license? And while you're at it, why not make your Microsoft Office clone, OpenOffice, truly open? Set it free, too. Liberated from Sun's ownership, OpenOffice could be the best hammer ever to break the Microsoft (MSFT) desktop monopoly. And that creates more business opportunities for Sun, the great new open-software company.


Stuart Cohen is CEO of the Open Source Development Labs (OSDL), a not-for-profit consortium of IT vendors, Linux developers, and Global 2000 companies


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[akclide]

crus 9.69
tmy 7.10
ppp 50.81
movi 3.16 earnings in the morning,fingure is on the trigger.
sunw bought it today 5.06
Will wait and see how things go tomorrow to decide my next move.

[Melf Elf]

movi 3.16 earnings in the morning,fingure is on the trigger.

akclide,

Drat!  It's up 71% in the pre-market at 5.40, above the 5.30 Ascending Triangle target IN PLAY on the breakout.

 

Great looking Bullish Island Reversal and Ascending Triangle, but I didn't want to buy it ahead of earnings.  Since the target looks like it will get MADE at the open, I might thinking about shorting a 71% gap.

   

[akclide]

Just woke up.I am not going to be greedy and sell movi here .CC is coming up and anything said will bring this stock just as fast.

[Melf Elf]

Just woke up.I am not going to be greedy and sell movi here .CC is coming up and anything said will bring this stock just as fast.

akclide,

Always good to take a profit.  Applause.  I was going to short the 5.30 target, but it got only to 5.19.  It's now at 4.80.  It might get another pop on the cc.

62.64% of the float was short.  6.6 days to cover, or volume of 16,173,000 shares.  MOVI already has traded 16,451,000 shares, so a lot of the shorts have covered.

[akclide]

Not only that I believe it is among the dying breed.They mentioned that the same store sales went down.I did not find it anywhere in the release yet but I suspect most of the revenue came from selling the properties they owned.I think they had done a lot of sale,lease back to generate cash flow.I only played because of the momentum it had shown a couple of days ago and I liked the chart action.

[Melf Elf]

akclide,

Drat!  I tried to short it at the 5.30 target.  Scottrade had "no shares available to short."  Waterhouse said, "You can't short a stock under $5.00."  It isn't under $5.00.



Oh, well... 

The high so far is 5.35

[Melf Elf]

akclide,

Drat!  I tried to short it at the 5.30 target.  Scottrade had "no shares available to short."  Waterhouse said, "You can't short a stock under $5.00."  It isn't under $5.00.



Oh, well... 

The high so far is 5.35

akclide,

Sour grapes on my part, admittedly, but it really fries me that there were "no shares available to short' at our 5.30 target.  How could that possibly be, when all of the 6.6 days to cover already had been traded well before my putting in the short? 

Okay, some of them were new longs on the gap up, but NO shares available to short, when they squeezed the begeezus out of the shorts at the open?

It kinda fries me to see that I'd have a gain of 10% at the 4.78 close, which would have been nice on a lousy day in the market.

 

Sorry for the rant.  Okay, I feel better now.    

Thanks again for your work on MOVI.  Applause.

[akclide]

sold movi for a nice gain sell price 5.07
rest of them holding.Needless to say everything is down today.I am not too keen on buying anything tomorrow.I will keep an eye on VSGN.It is playing around its 50 dma.Infact it acually opened and closed at it's 50 dma.Vol. is not the best but not the worst either

Vasogen, Inc. focuses on the research and commercial development of technologies for the chronic inflammation underlying cardiovascular and neurological disease. Its products include, Celacade, which is in pivotal phase III clinical trials for the treatment of chronic heart failure and peripheral arterial disease; and VP025, which completed phase I clinical trials for the treatment of neuro-inflammatory disorders, including Parkinson's and Alzheimer's disease. The company is also developing a new class of drugs based on synthetic three-dimensional phospholipid-based structures to regulate cytokine levels and control inflammation. Vasogen was founded in 1980 and is based in Mississauga, Canada

[akclide]

I have not been posting because there is not much to post everything that I had in my portfolio basically got stopped ou b/w 8 and 10% below the high.Nothing looks good and everything looks good isn't that something.Stocks I think can not go down aaaaaaaaaany furthur are going down furthur.Nasdaq is over sold so I will have my day soon but not tomorrow.Good luck to you all.

[Keichi]

Akclide,
Check this out. Todays total volume in VSGN july 2.50 calls was more than 51,000 contracts. about 5.1 million shares. Someone must know something.

[akclide]

Thanks Ducmon,
A lot of retail buying today.Key points to look at would  be 2.10 (50 d m a) and 2.38 200 d m a. I will be looking at it closely tomorrow.