THANKS AGAIN, HSR. HOLX BREAKS OUT.

HSR continued its winning ways again today, rising another 7% today which makes it 16% in two days. Not bad at all. If one were to invest in this stock alone, you could accumulate a 20% annual interest by selling out tomorrow and gaining your 5% interest in your investment account for the rest of the year and beat the historical average of 10% per year that the major indices put out. I'm not going to. After all, I am a trader that wants to wallop the market, not just beat it.

HOLX finally broke past its previous high from the breakout a couple of weeks ago. Yeah, patience does pay off. Back of 2/7/07 I mentioned that it sucks to wait, but my patience paid off. Glad I picked up those extra shares at $53.50 like I mentioned.

NTGR fell back in lighter volume. That's OK. Same with NSTC. Still waiting for WW to perform like HOLX did and breoukout above the previous high. In fact, I suspect this current price of $47.90 is going to act as "support" and the stock may take back off from here. In fact today, I bought some April $45 calls since implied volatility is lower than historical volatility. I am waiting for the breakout.

Today's action on TAM wasn't too encouraging. Drop in price on higher trading volume. Maybe the 50 day moving average isn't going to act as support.



If MR breaks out above $26.85 on high trading volume, consider it a buy. Remember - patience. If WNR breaks out above $27.75 on high trading volume, consider it too a buy.



I have found an interesting formation on a stock. UGI has gone through an 20 month cup-and-handle and it looks as if it is in the middle of the handle and the stock is trying to decide which way to go. Let's look at a 2 year chart first (double click the chart to make it bigger). The primary things to notice are that: 1. $28.50 was the previous "resistance" point in June, 2006.
2. During that time frame, it corrected the usual 30% that IBD says stocks do when in a cup and handle. 3. It came back up to the previous high and tested that level and has backed off. This appears to be the handle. 4. If you look at the most recent price action, $26.50 has been used as "support" twice in this "handle." If the stock breaks back out above $28.04 in higher-than-average trading volume, this would be considered a breakout.

PLAN: ADDING LHCG TO THE WATCH LIST.

Good luck trading.
JD