29 January 2007, Monday

Candidates filtering
Non through eIBD timesaver table. But 2 added to the split watchlist, both announced on 25-Jan, Thursday and one of them already on my watch list (inherited from Mr. Cooper).
TRMB
and ZOLL that had no apparent huge upswing based on announcement, but had a gap earlier and actual price is close to support.

Only a few trade candidates were found...
Through TTC-A (BUCY, ESRX), MACD V (CMI, GOOG, and WFR) and through GAP up V (STLD).

BUCY was not ok due to being under its 30d SMA and moving down. ESRX had not yet a nice trend and is $5.1 to its buying point (resistance), would be good for a swing trade maybe?
CMI good volume but 30 d SMA trending down. GOOG was surging pn up volume, but 30 d SMA down so its out as well. WFR on the other hand looked great with a MACD on huge volume + GAP up, due to great performance in 4Q. Look for the early profit takers and the market sentiment if trading WFR.
STLD is trading fine and already had a quick profit taking session in last bar. Interesting.

Trading time
Had only 3 left standing that moves with the market (up) seriously - CTRP, JEC and STLD.
Merits of each:

• STLD: (IBD Checkup A+, Industry fund rank is Bish) too high with regards buy point
  
• JEC: split announced 26-Jan (IBD Checkup B-) too high with regards buy point
  
• CTRP: (IBD checkup A+, Industry fund rank is C-ish)
  

Finally, gave an order - don't forget to cancel it the next day if limit not met - for CTRP MAR 75 Call @ $2.9! The max open days for this trade will be 16 days!

Open positions
My assumptions were right with regards both of my open calls (VIP 90 APR, and DECK 60 MAR) that they will get back above support. Now, they stand at $4 and $2.2 well above their lowest intra day standings respectively.