WATCH OVTI

Last night, I snooped out this stock based upon the software program that I utilize. Here are the trades I executed today to prove that I did buy in:

OVTI BOUGHT 100 shares CASH @ $15.89 Cost basis - $1589.00

OVTI BOUGHT 100 shares CASH @ $15.89 Cost basis - $1589.00

OVTI BOUGHT 135 shares CASH @ $15.89 Cost basis - $2152.15

OVTI BOUGHT 365 shares CASH @ $15.90 Cost basis - $5803.50BOUGHT

OVTI BOUGHT 500 shares CASH @ $16.27 Cost basis - $8142.00

OVTI BOUGHT 100 shares CASH @ $16.27 Cost basis - $1627.00

Total 1300 shares. The stock closed at $16.67 so it was a good purchase. The stock is still in a good buy range as it has just passed its 50 day moving average on higher-than-average trading volume. Buying much higher than this is stretching it and making it a riskier move.

I am only going to mention stocks that appear to be near a buy point or topping out. So here it goes:

ICE made an amazing rebound and this was on the news that the Chicago Board of Trade (BOT) and the Chicago Mercantile Exchange (CME) are merging. Have to wait and see what is going to happen to the covered calls that were sold and whether or not I need to buy them back before the contract comes due this Saturday.

ENTG may be retracing back down to a proper buying point near $11.27. If the stock retreats on lower-than-average trading volume, buying around $11.27 would be feasible.

TRAD is starting to slip. This still is questionable as to where it is going to go.

ADM - still waiting to see what it is going to do around its 200 day moving average.

ANDE - if it pops back above its 200 day moving average, it should be a good buy.

HSR - looks as if it may hold at its 200 day moving average but I dislike the high volume sell-off.

PACR may retreat based upon today's price action, but I wouldn't quite sell it of yet.

Remember, you can go to www.stockcharts.com to get to the stock charting and type in the symbols noted above.

Good luck trading. JD