Updates 11/09/05

Posted by downtowntrader | 11/10/2005 01:16:00 AM | 0 comments »

AOB continues to act well. Earnings are Monday, so this may run through then.

AIZ also continues to act well. Trading in a pennant formation right now, and closed at an all time high today. This is a long term winner.
I'm not sure what to make of VPHM at this point. Today the stock closed lower, but the real issue happened after hours. VPHM traded down to low 20's on what i think was news related to future competition. It is unclear what sparked the selloff, and at least there were enough buyers to push it back to 21, but the bottom line is that it settled down a point lower then the official close. I won't pretend to tell you that I know what will happen tomorrow, but I expect a very volatile pre market and open. What I will say, is that Market Makers are the best traders in the world and are ruthless. They will try to exploit this, so be on your toes. If it runs up for some reason, it will probably be to unload excess shares, and if it tanks, it will probably be to snatch your shares cheap. There is no easy way to trade this if you are a short term holder. If you are long term, then buy shares where you think is cheap, as VPHM will probably trade higher in a weeks time. Good Luck,