In this edition we feature four stocks that we are trying to enter positions with real money today. We are cautiously long but ready to switch to a bearish stance as conditions change. We stay vigilant due to low volume during the holiday season. We are concerned that some “window dressing” might be happening as stock portfolio managers like to play games. Be careful and set your stops according to your systems or personal risk aversion.
MIDD: Initially featured in this blog on 10/6/2010 at a price of 65.26. Rejoice, because we get another entry point. The Middleby Corporation (Middleby), through its operating subsidiary Middleby Marshall Inc. (Middleby Marshall) and its subsidiaries, is engaged in the design, manufacture, marketing, distribution, and service of a line of cooking and warming equipment used in all types of commercial restaurants and institutional kitchens, and food preparation, cooking and packaging equipment for food processing operations. The Company conducts its business through three divisions: the Commercial Foodservice Equipment Group; the Food Processing Equipment Group, and the International Distribution Division. In January 2009, the Company acquired TurboChef Technologies, Inc. (TurboChef). In April 2009, the Company acquired the assets of CookTek LLC (CookTek), a company engaged in the manufacture of induction cooking and warming systems for the commercial foodservice industry. In April 2009, it acquired Anetsberger Brothers, Inc. (Anets). In December 2009, it acquired Doyon Equipment Inc. (Doyon)
MIDD Stock Market Chart for 12-22-2010
FDN: First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index. For its stock to be eligible for the universe, a company must generate at least 50% of annual sales/revenues from the Internet, and be included in the Dow Jones U.S. Index. The Fund’s investment advisor is First Trust Advisors L.P.
FDN Stock Market Chart for 12-22-2010
DBC: PowerShares DB Commodity Index Tracking Fund (the Fund) and its subsidiary, DB Commodity Index Tracking Master Fund (the Master Fund), were formed as trusts. The Fund is designed to replicate positions in a commodity index. The PowerShares DB Commodity Index Tracking Fund is based on the Deutsche Bank Liquid Commodity Index – Optimum Yield Excess Return (Index). The Fund is managed by DB Commodity Services LLC.
DBC Stock Market Chart for 12-22-2010
OMX: Officemax Incorporated (OfficeMax) provides office supplies and paper, print and document services, technology products and solutions, and office furniture to large, medium and small businesses, government offices and consumers. OfficeMax customers are served by approximately 31,000 associates through direct sales, catalogs, the Internet and retail stores. The Company operates in three segments: OfficeMax, Contract; OfficeMax, Retail, and Corporate and Other. OfficeMax, Contract markets and sells office supplies and paper, technology products and solutions, office furniture and print and document services directly to large corporate and government offices, as well as to small and medium-sized offices. OfficeMax, Retail markets and sells office supplies and paper, print and document services, technology products and solutions and office furniture to small and medium-sized businesses and consumers.
OMX Stock Market Chart for 12-22-2010
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I am a dad, professional engineer, MBA student, and a financial fanatic. I can help you make money in the stock market. I use Fibonacci techniques for retracements and targets, technical analysis, some little fundamental analysis, and automated systems trading. I also trade options. In addition, I use CANSLIM to get neat growth stock ideas. No fluff and no BS.
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Both MIDD and FDN has surprising growth rate in real time so they definitely deserve such improvement in stockmarket too. And since these are holidays, they are definitely growing.
Thanks for your comment. Indeed. MIDD is stuck in resistance right now, but we expect that since there is no volume in the holidays. If MIDD and FDN remain stuck, we can give them some of that HGH to revive them.
Twitter: technyupower
Nice stock market story, first time here. Nice to know you