A very choppy market today. Oil drops again, which is naturally ironic since majority of analysts were saying “$80”; we have to wait for them to say “$65” for oil to go back up. ANDE reported very good earnings today, but unfortunately caused major profit taking throughout the ethanol industry. So, Cramer was right about the wrong company. Anyway, profit-taking is always a sign of a buying opportunity [PEIX, ADM, MGPI, GPRE]. The best performing industry so far is copper.

Other stocks that have grabbed my attention are FNSR, PSPT, OVTI, FNET. Many of these have gone up, but are still worth buying the next few days. Finally NDOL went up as much as 81% today in less than five minutes, which went along quite nicely with my $1.00 Nasdaq OTC theory- to remain listed on the Nasdaq the stock must be over $1, which conveniently happened today. This also backs up another claim- pinksheet stocks are very easy to manipulate. If you ever get a fax claiming a pink sheet or BB stock is the “next big whatever”, toss it, it’s probably the next big scam.

That’s it for me. No charts today. I’ll wait until after the “jobs report” comes out tomorrow.