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Saturday, October 30, 2010

IBD 100

 it was a pretty big week on the IBD 100, outperforming the market, with several really big gainers, but also several really big decliners. SVR was the biggest gainers, but that was an acquisition, so I will take a look at the second and third biggest gainers. FFIV was the 2nd biggest gainer, after a big go up on earnings,  As of last Friday (blue arrow) this was in the process of finding support after the big drop in cloud computing stocks. It was one of the ones to hold up best, which could have been a clue that the market was anticipating good earnings. It hasn't done much snce the gap up, and a consolidation close to the breakout point for a few days would be a good entry point.


JKS is making it's weekly appearance on this list, this time as a gainer. This is starting to settle down into it's first real base, Last Friday saw it under the 50dma for the first time, in hindsight the ideal buy point, but getting it there was just a guess, because there was nothing in the charts suggesting support there. If this does build a decent base here, a breakout could lead to a very big move.



LXK was the biggest decliner, and it looks like an earnings hit. If I had been in this, and gotten it properly (when it broke out in early September), I would have been out before it reported, as I never hld through earnings, especially if I have a decent profit. Watch this one; it may hang around the 200dma for a week or 2, then head back up.



IPXL was the second biggest decliner, all coming yesterday and not on earnings. This reports Monday, so somebody may know something (and illegally trading on that), probably taking out several stops on the way. It's a pity, because this was making a very nice cup and handle pattern. If it reports good earnings, it will probably gap up huge, but this is now radioactive as far as I'm concerned, because it has proven to be vulnerable to some serious manipulation.

Once again, I don't have this morning's IBD, so I don't have the distribution day count, but I don't think it has change much since last week.

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