5. Hi Tech Pharmacal (HITK) – A Cure for Your Ailing Portfolio

This unique medical stock has strong fundamentals, and a very nice jump in QOQ earnings.  That’s usually something quite rare in this industry.   The PPT puts [[hitk]] at an appealing hybrid score of 4.18 as of Tuesday’s close.  Meanwhile I think it’s 3-month chart is interesting.

  After a pullback from year highs, HITK found a floor at 20.  HITK tested 24 yesterday right at the 20-day which usually leads to a slight pullback as it did today.  So, that gives us a nice entry window between 20-23.xx.  If HITK can’t hold 20, then we have a nice H&S short candidate with entry <20.  So for now, I’m waiting for volume to pick up to bring this stock to new highs.  It’s quite important to get volume here because it is  a small capper, and volume is the blood of momentum.

Happy trading!

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Great move intraday. New highs coming soon. It’s back to school shopping…

 

CECO-march rally

Also check out [[cagc]] , a previous pick from earlier this year. Although it did break the 28.30 floor set back in January, it looks like it’s making a rebound here at 26.xx. I didn’t think it would pullback that far, but I guess with last week overall market tug of war it lost some ground. Buy on the follow-through.

…………………

Have an awesome day!

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I literally have cases of cases of water left over.  And a ton of batteries.  I’m thinking of having a giant block party.   Thanks for all your concern!

Water receding, well sort of…

 

 

 

Everyong got up at 530 am from the sirens.  So what do we do?  Well, since we live on an island, I guess we have to get… gas?  I said screw this line.

The collective IQ of the tourist in Hawaii is a possilbe 135…

As far as I can see, Tsunami warnings is great for business.  These lines were insane.  Never again.  I’m stocking up on a year supply of Spam….

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And I had plans to go fishing today.  :/

Developing…

Update 7:43 AM

Okay, just came back from McDonalds.  Spent $30.  I’m going to try this coffee… the real disaster so far is that Star Bucks is closed!!  So I call one of the workers (I’m tight with them) and she says they don’t have to go to work.  I say get to work! 

Lines everywhere!  Gas stations, drive-thrus, Kmart, Target isn’t even open yet and there’s a line out the door.  I then realize, “Hey, I’m on a tiny island.”  Oh well.  I’ll use this day to wash my car.

Update 11:28am

Still waiting for action.  Watching the TV with live webcams around the island coast, and it looks like a great day to go to the beach.  There is one guy in the water.  What an idiot.  But I’m jealous.  Just finished vaccuming house, and washing clothes.  I just want to make sure I do whatever needs to be done while we still have electricity.  Meanwhile, I’m entertaining the idea that a earthquake with double digits on the Richter scale is going to hit some time this year.   Largest ever was 9.5 in Chile, … hey that’s the same place today.  Wow, did the Nets just beat the Celtcis?

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Called this.  Meanwhile, education stocks are holding ground.  Down very little. 

I would be careful with buying this market dip.  Although we are down, it’s not really a good score for the bears and shorts.  I’m going with the two-day chart, and we haven’t really moved much on the big three (Nas, SP, Dow) which is probably why we are seeing some late day buying.  So, although the market is showing some red, it’s not as dramatic as I imagine it could be.  It will take a multi-day reversal to get the correction I’m looking for.  IBD calls  them distribution days.  Let’s see if we can get some of those next week.

Stocks to watch: 

[[cagc]]   – buy point triggered yesterday.  pullback from highs.

Big Lots, Inc. [[big]]

Tenaris S.A. (ADR) [[ts]]   …big hit today after earnings.  Would have been a great CC play no?

Owens Corning [[oc]]

Links:

How to Fix the NBA  … how do you fix an industry that spends $11 million easy on guys to give out high-fives?

Get your Weezer Snuggie, better yet, get your WTF-Blanket.

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An interesting industry I’ve been tracking is the real estate and home building sectors.  Today it was announced that new home sales dropped 11.2% last month dropping our annual pace to 309,000 units, the lowest level on records going back nearly a half century.  Sheesh.  No wonder people are switching careers.  Just take a second to observe what is going on in your own community.  I’m sure many of you have friends who are realtors who now have an 8-5 job, but the glimmer of hope that the market will rebound for them is probably at record lows too.  Shift.

… bad news is that it wasn’t planned to be this way.  Despite all the government help there is to help new buyers and troubled home-owners, the rates of new home sales is trending down.  If you’re familiar with tax law, then you probably noticed that the Government is trying hard to make you spend money in 2009 and 2010.  So, I guess the solution out there is to spend our way out of debt?  I really don’t know how to solve these problems, and I’m quite neutral on politics, but at least I can see cause-and-effect reverberations in the stock market…

Back To The Books

While the Government is occupied with putting band-aids on little bruises around the economy, the American individual with the backs to the wall will usually begin to take things into their own hands.  That’s why, when certain industries (home, real estate, mortgage loan) are troubled, look for the education stocks to start to rock.  A few you can pick up are getting close to break-out points, and you can’t ignore the accumlating volume over the past few weeks.  Aloha!…

Career Education Corp. [[CECO]]   …top pick in industry

Apollo Group, Inc. [[apol]]   … leader, and measure for the industry.  And they charge a butt load on tuition.

ITT Educational Services, Inc. [[esi]]   … Intel’s big bid for investing in tech means more jobs for tech people.  This may have some effect on ESI’s enrollment numbers

DeVry Inc. [[dv]]    … another stock getting ready to breakout.

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