Thursday, January 10, 2008

Top 25: Ins and Outs

Is anyone long Big Ben? I think Ben is a short-term trade. Nothing he says sticks for very long.

1. AAPL 178.02 -1.38 (-0.7%) | 50-day SMA: 182.62 | 100-day SMA: 167.22
Down on lower volume today. Still a decent price, MacWorld opens on Monday, but the next big fed report is on Tuesday. Looks like a short-term trade rather than a hold in this foggy weather.
2. GOOG 646.73 -6.47 (-1.0%) | 50-day SMA: 682.44 | 100-day SMA: 627.06
Pummeled, but no catalyst in the near future. Nice price, could get cheaper.
3. RIMM 100.66 +2.11 (2.1%) | 50-day SMA: 111.04 | 100-day SMA: 104.31 | 200-day SMA: 81.24
Up for a second day in a row, but on lower volume. Some ditzy news about being ready for China, but it's up to China Mobile to decide when to get the show going. No clear near-term catalyst.
4. ISRG 267.63 +3.99 (+1.5%) | 50-day SMA: 310.07 | 100-day SMA: 274.69 | 200-day SMA: 212.13
This puppy was severely sold off, so the bounce is not a shock. But I don't expect it to last, not when hospitals are saying they don't have the bucks anymore to buy DaVinci machines.
5. NTDOY.PK n/a
6. POT 135.28 -2.72 (-1.9%) | 50-day SMA: 125.34
Down on lower volume, but still not a nice price. Nowhere near cheap. Power of fertilizer.
7. CHL 88.94 +0.10 (+0.1%) | 50-day SMA: 88.75
The price was nice, but not anymore.
8. PTR 181.65 -0.47 (-0.2%) | 50-day SMA: 193.71 | 100-day SMA: 186.76 | 200-day SMA: 159.11
PetroChina is still cheap. Oil will fluctuate, but demand in China will not cease. They like cars. A lot.
9. FSLR 225.97 -8.28 (-3.5%) | 50-day SMA: 221.92 | 100-day SMA: 169.75
First Solar bends below the 50-day, but anything more than a small piece here is crazy.
10. MCD 58.17 +0.70 (+1.2%) | 50-day SMA: 58.68 | 100-day SMA: 55.59
Not cheap, but decently priced. They win all wars. Starbucks gives part-time employees medical coverage. Mickey D does not.

11. STP 71.42 -3.97 (-5.5%) | 50-day SMA: 73.01 | 100-day SMA: 56.65
Suntech Power is at a fair price here after two down days. Not cheap, but fair. Lighter volume today.
12. CMG 123.10 +4.52 (+3.8%) | 50-day SMA: 135.03 | 100-day SMA: 124.98 | 200-day SMA: 103.14
Even with today's rally, Chipotle is cheap. Not for long.
13. BIDU 339.54 -4.56 (-1.3%) | 50-day SMA: 367.18 | 100-day SMA: 320.51
Not cheap, but decent price. Baidu down eight of the last nine sessions. Inching in makes sense. Near-term floor is 300.
14. FWLT 147.56 +4.66 (+3.2%) | 50-day SMA: 150.16 | 100-day SMA: 140.20
That dip below the 100-day was very temporary, apparently. Foster Wheeler doesn't stay below its 100-day long at all.
15. FLS 90.62 +0.24 (+0.2%) | 50-day SMA: 92.73 | 100-day SMA: 83.84
Flowserve in treacherous waters here. A close below 88 would be falling through the ice. Next stop would be 82.
16. FMCN 55.24 -0.89 (-1.6%) | 50-day SMA: 56.84 | 100-day SMA: 53.54
Flat, flat, flat. Decent price, or good if you believe China will continue to keep inflation under control.
17. GS 196.91 +5.16 (+2.7%) | 50-day SMA: 215.63 | 100-day SMA: 210.44 | 200-day SMA: 211.88
Still cheap after two up days. Goldman Sachs rules over time. The Godfather of Wall Street.
18. NKE 62.54 +0.57 (+0.9%) | 50-day SMA: 63.90 | 100-day SMA: 61.20
Nike, McDonald's ... both holding steady now, but still at a decent price. Nike has competition, but is still king. Soon to be emperor of China's feet.
19. CEO 183.26 +2.73 (+1.5%) | 50-day SMA: 174.76
The train left last week. Five up days in the last six.
20. VMW 80.30 +0.41 (0.5%) | 50-day SMA: 90.69 | 100-day SMA: 87.91
Up slightly on low volume. Another dip into the low 70s is always possible.

21. LULU 34.72 +0.72 (+2.1%) | 50-day SMA: 42.68 | 100-day SMA: 42.15
Streak of seven down days is finally over on big volume. Nice place to start inching in.
22. MSFT 34.33 -0.11 (-0.3%) | 50-day SMA: 34.74 | 100-day SMA: 32.11
Not cheap, not expensive. Not exciting. What's the next catalyst? Don't see one.
23. AMZN 84.26 -0.96 (-1.1%) | 50-day SMA: 87.60 | 100-day SMA: 87.71 | 200-day SMA: 76.34
Three down sessions in a row, lower volume today.
24. EBAY 30.36 +0.49 (+1.6%) | 50-day SMA: 33.03 | 100-day SMA: 35.02 | 200-day SMA: 34.15
The selloff takes a break in eBay. Average volume, no catalyst ahead. Imagine if they spun off PayPal.
25. LFC 76.75 +0.35 (+0.4%) | 50-day SMA: 81.94 | 100-day SMA: 82.45 | 200-day SMA: 67.08
China Life Insurance still cheap. Longs haven't been spooked off by the 600-million share news.

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