EOD Update (10 May 2006)

Interesting day today... makes it pretty tough to stay away from the market. LIONDIV finally showing some signs of life, closing back up at 4.40 ... whether there will be follow through buying remains to be seen, but I think the longer-term fundamentals are still intact.

The 2 surprise moves in my portfolio today were OILCORP and GPACKET. After suffering dips late last week and earlier this week, both suddenly broke out in late afternoon trade today. This again shows the prevalence of final shakeouts (presumably engineered by insiders) before strong upward moves from a recent accumulative base. This partially confirms my belief that OILCORP was being accumulated recently, probably pending some forthcoming news. Today's move could still be a last-minute distribution push (meaning end of the road), but I doubt it.

SAPCRES is also starting to show more and more strength now... should have picked up some of its warrants at 0.37 - 0.38 when I had the chance, for a double-dunk.

Latest disposal:

KNM: -1,000 (5.95) ... Balance 3,000


/ichithekiller