TOMO

[eliteG]

TOMO - TOM Online Inc.

Profile: TOM Online, Inc. provides multimedia products and services. It delivers its products and services from its Internet portal to the users through their mobile phones and through the company's Web sites. TOM Online's primary business activities include wireless Internet services and online advertising. http://finance.yahoo.com/q/pr?s=TOMO

News and Fundamentals:

TOMO had a great quarter!

TOM Online Reports 33 Pct. Rise in Profit
Friday March 17, 6:10 am ET
Chinese Wireless Company TOM Online Reports 33 Percent Rise in 2005 Net Profit
http://biz.yahoo.com/ap/060317/china_tom_online.html?.v=1

Chinese stocks seem very bullish!

Chinese Net Stocks Gain on Upbeat Report
Wednesday March 29, 3:31 pm ET
Chinese Net Shares Climb After Analyst Forecast Strong Industry Growth
http://biz.yahoo.com/ap/060329/chinese_net_stocks_mover.html?.v=1

This news should help TOMO grow even more!

TOM Online and Titan Sports Join Forces on FIFA World Cup Coverage
Wednesday March 29, 3:30 am ET
Exclusive Cooperation to Deliver Sports as Another Major Mobile Media Application
http://biz.yahoo.com/prnews/060329/cnw005.html?.v=12

Good Earnings, Chinese Internet stocks strong, and World Cup boost in revenue on the way.  3 things going our way.  Now for the fourth...

Technicals: TOMO started trading in 2004 and it has a very nice chart.  Breakout today came on over 2xavg(60ema) volume.  Moving averages(9,20,50) are clustered tight together and now expanding out with this move showing a lot of power with support nearby.  Still we should not chase this stock so we will buy in the morning at our price or not at all.  Looking to sell around 29 and we will protect ourselves with a sell on close below 22.20.  Excellent risk/reward ratio!

We will buy TOMO in the morning under 24.40.

[Maestro]

Bought at 24.39

[eliteG]

update TOMO:

TOMO gapped to start the day and fell back to where we could make a safer buy.  The close was weak but stayed above halfway into yesterdays tall white.  Lets see if TOMO can turn this around soon.

We will hold TOMO unless it closes below 22.20.

[eliteG]

update TOMO:

TOMO had a great day for us Friday, gaining almost 7% on high volume and finishing at the high of day! 

This article came out midday.. it seems this guy agrees with my analysis: 
"Our top pick in this report is Tom Online, a strong market leader that we believe has excellent fundamentals and sustainable advantages," Tieu said in a client note.

Chinese Internet Stocks on the Move
Friday March 31, 12:42 pm ET
Tom Online Gains After Analyst Recommends Stock; Baidu Slips on Competition Concerns
http://biz.yahoo.com/ap/060331/china_internet_mover.html?.v=1

Since we got a strong move from our buy area I feel comfortable raising the stop higher to reduce our risk.  Support is given by the ascending trendline(magenta), 24, 23.80, 22.75.  For now looking to sell around 29.. but we'll giive a more detailed target as the stock develops this week.

We will hold TOMO unless it closes below 22.65.

[cnguyen408]

OT:
Hi EliteG - what do you think of BCGI - the chart looks great, 50MA just cross over to 200MA recently.

[eliteG]

OT:
Hi EliteG - what do you think of BCGI - the chart looks great, 50MA just cross over to 200MA recently.

hi cnguyen, I answer TA questions at G-Force in G-TA: http://www.3stocksonfire.org/trading/index.php?board=23.0
the TOMO thread is only for TOMO stuff 

BCGI looks like a solid gap fill play, strong trend in play.. nice volume.

[eliteG]

update TOMO:

Today we had a gap up that finished in a nice little hammer candle!    TOMO is now in blue sky territory which means it has never been this high before..    This bodes well for selling TOMO at a great price.  So its time to setup a target sell and lift the stop higher.  I could lift the target if TOMO builds up correctly beforehand. 

We will hold TOMO unless it closes below 23.50 or hits our target of 29.

[tokyopua]

Sweet, Cramer is pumping TOMO, always good for an extra 5% or so at least 

[eliteG]

thx for the heads up toky  I see TOMO up after hours 

looks like we may have to sell at our target tomorrow

[eliteG]

TOMO has been fast and furious!  .. if it doesnt hit our target today.. I may revise upwards 

[eliteG]

update TOMO:

We had a Cramer effect on the stock today and it gapped higher with extremely high volume.  This puts us on the watch because this is an exhaustion type move.  The stock is solid as the analysis earlier showed so we will be creative and aggressive.  The stop will be tight just below the days low @ 27.47 and we will remove the target in case TOMO wants to run from here or build a base to run from.  If we hit the stop it was a nice run  and we will look to pick TOMO back up.

We will hold TOMO unless it hits our stop @ 27.47.

[eliteG]

Restarting position TOMO:

We have been keeping an eye on TOMO and it is time to pick this stock back up.  TOMO did great for us last time(+14.25%) and I think it will do even better this time around.

Since our sell(4/6) TOMO felt rejected  and has fallen gracefully down to an attractive buy area.  Q1 earnings are released on Wednesday, May 10th and so there is a strong possibility that TOMO will run into these earnings.

Entry:  We will try to pickup TOMO in the morning with a limit @ 24.65.  If this does not execute we will buy at the market after 12pm.

We will buy TOMO according to plan on 4/28.

[eliteG]

update TOMO:

So we picked up TOMO again and did not get the greatest fill but I wanted to make sure we had a position before this took off.  It is always tough to pick a bottom and TOMO could continue down so we will place a stop risking ~9% from our entry.  TOMO should get going before earnings May 10th.

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Position: bought TOMO @ 25.60 on 4/28/2006
Order: Hold
Exit: stop @ 23.35
Target: n/a
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[eliteG]

update TOMO:

This is exactly the reason why I wanted to pick-up TOMO early before it reversed!  TOMO has put in 2 tall whites on above avg volume after our buy 3 trading days ago!!  It has set the stage to explode to new highs now before earnings and we obtained the best seats in the house... I would be surprised if we aren't trading above 30 soon.  Time to move that stop up.  .

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Position: bought TOMO @ 25.60 on 4/28/2006
Order: Hold
Exit: stop @ 24.27
Target: n/a
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[SmartWrasse]

You are the man G!  Great timing