MOMENTUM....

Bought VCLK this morning at 28. Jim Cramer reminded me of this one. The last time this one moved straight up to 36 from the mid 20s - that was the time when the talk of takeovers was on- AQNT was bought at a good premium.... and VCLK went higher by extension. Nothin much happened then... and as reality sunk in.... it traded down all the way to 19. Did Cramer ask us to buy at that price?? No too low.... and too much out of favor. As the bargain hunters came in the stock slowly moved back above 20 to 23-24.... and then Cramer pulled the trigger on this one reminding us that this one was a potential take over candidate- being in the online ad sector and the numbers looked good again... It was 25 or so then. After Cramer spoke it popped to 27 ... and when I look at the charts looks like free ride to 32...and then with the 52 week high close at hand... more shorts will cover .... and up up up goes the stock.

This is a clear example of a stock moving up 10-15 points on no real news. Just speculation. I am in at 28... but keeping a close watch. Target price is 32... but may get 35...?

I was right on the money. STV went up 12 bucks yesterday- and we took our profits. From 42 to 52 in a day, is good going for me. Does not mean it does not go higher... these days anything chinese and with positive outlooks just trade higher and higher... till they defy gravity and still stay there .... thats how bubbles are made. When they pop people get hurt. Traders dont. As we are in and out quickly.

The only buy and hold for me was CSCO and AKAM. CSCO slow and steady from 28 to 33 feels good. Am out at 34.99 if it does reach there soon. And AKAM from 28 to 37 feels divine... more so as the upside here will be fast and furious. My target is 45... in a month if not sooner. YAY... we are still doing fine with our money.... could not get better I should say.
Earnings season began with a whimper- Alcoa missed estimates- OOOOH...but not much damage was done as the company announced a buyback... worth billions of dollars... Ha. Told ya its complicated. Miss your numbers? Announce a buy back so the street does not shoot... ya.
AA has done going up is my opinion. Close to 40 is peakin for now.

Yhoo is at 28. We had a ride from 23 to 28. Not bad. Earnings come in tomorrow. Would not hold this one before earnings so am all cash. Switched from Yhoo to VCLK at the same price. If VCLK can go from 28 to 30 without much ado why buy Yahoo is my theory.....YHOO is out of favor for long, so more reason to hold on but until the street acknowldeges theres going to be too much wait. I would rather buy if it pops to 30 knowing it goes higher. More after it reports earnings.

Thats all from me at the moment. Wish someone would comment so I know they are reading. Monas crytal ball is getting bearish... not for a full fledged sell off but a decent pullback.... maybe DOW 13600 and NASDAQ to 2700 or so... Thank you for reading...