thetechnicaltrader.net

I’ve been watching the coverage today on CNBC for the Iphone and have been amazed at its popularity and the lengths people have been going through to get there little hands on one. A man paid some young guy $15/hour to sit as the first person in line downtown New York since 6pm yesterday to get the iphone today. 100’s of people lining the streets all over the country out side of Apple and AT&T stores camping over night to be able to get one. Big companies were even showing up to advertise as the media coverage is so huge. Krispy Kreme were handing out free doughnuts in line as well as the popular toy maker FA schwartz handing out gift bags.There has been a lot of skepticism on the IPHONE living up to the hype though most techies who have reviewed it say its an amazingly innovative product and lives up to its expectations, not to surprise. They’re also has been a lot of people on CNBC criticizing, mostly women i’ve noticed who have the worst things to say. Early this morning on the today show the 2 women hosting the show couldn’t figure out how to use it lol. Obviously they just didn’t know what they were doing, i imagine the key lock was on and didn’t realize it. Another women was saying that the release of the

Iphone is bad for Apple. That they’re too stretched out in too many sectors, and won’t be able to handle to be in the CPU, MP3, and Cell phone Market. I highly disagree, Apple is one of the most innovative companies, if not the most, in the world. All apple had to do was say they were making a phone, that just so happens to be the most technologically advanced phone in the world, and people sleep on the streets to go buy one. People were skeptical about Apples ability to utilize the mp3 player market and put them to shame by dominating the MP3 markets soon after the Ipods release, i don’t question Apples ability to have the potential to dominate the cell phone market the least bit. They’re products are stylish, innovative, easy to use, and most importantly for Apple they have created a GODLY aurora around there products drawing people to them just for the brand. Dylan Raddigan on Fast Money CNBC is calling it the “Jesus Phone” with the tag line at the bottom of the screen “IPHONE goes on Sale, Red Sea Parts” haha:) Of course the price is an issue for the iphone to be able to become a dominant and leading force in the cell phone industry. But with such high demand for the product Apple was able to charge this amount and people will still pay. Eventually the Iphone’s prices will decline as they release larger hard drives as we all know they will. Opening the smaller Gb Iphones to a lower class sector of cell phone users who can’t afford to spend $600 on a phone, thus broadening Apples presence in the cell phone market. I also believe this isn’t the only phone that Apple will have, i think they will also come out with some sort of hybrid cell phone as well, similar to the ipod mini. Something very sleek and even more compact, though will probably have less features and of course less storage capacity. This Iphone craze is insane, i knew it would be popular, but everywhere you look today is Iphone. The amount of free advertising they’re getting is worth millions. I haven’t purchased an Iphone myself, but i will eventually. I just got a new free samsung blackjack a month or 2 ago which does the deed for now. But once a larger capacity Iphone hits the streets ill be all over it. Whats next for MSFT? how about do nothing innovative and try to copy something already great and fail…. ZUNE? Microsoft is a dying brand in my opinion, They’re new Vista operating system is worthless, i installed it, and reinstalled XP about 2 hours later i couldn’t stand it. Of course what they tried to do was become stylish like apple, they failed IMO. Apple is the wave of the future in the computing world. Some day, i dont knot how long from now, i think Apple will be the standard in computing.A lot of controversy has also been surrounding the topic of the stock RIMM. The company who makes blackberries, and probably apples largest competitor in the smart phone business. Prices surged forward today on positive earnings growth for RIMM today. Some people are saying RIMM has hit its peak, another analyst i was listening to today was projecting RIM to hit $250/share. I haven’t made a case for this stock yet but will look into over the weekend, along with AAPL. Have a great weekend everyone. See you monday :)I’ll leave you with a funny mockery of the Iphone that the Hilarious Conan O’brian featured several months ago:

CSUH looks like its picking up some steam and continuing to gather market presence as its awarded another best of breed in Dubai. Take note that Dubai is rapidly growing economy and rated the #4 city in the world for traders to live. According to Traders Magazine

#1 Chicago       #2 London       #3 New York  #4 Dubai
#5 Miami       #6 Boston       #7 Dublin
#8 Los Angeles       #9 Toronto       #10 Sao Paulo

Celsius Wins First Ever 2007 Qatrah Award as ‘Best Carbonated Soft Drink’ At the Arab Beverages Forum Held in Dubai
Category Creating Calorie Burner Celsius Recognized as One of the Most Innovative Beverage Brands

DELRAY BEACH, Fla., June 29, 2007 (PRIME NEWSWIRE) — Celsius Holdings, Inc. (OTCBB:CSUH) announced today that Celsius(r), the creator of the calorie burning beverage category, had been selected as the winner of the Arab Beverage Forum’s 2007 Qatrah Awards for “Best Carbonated Beverage” at a stellar event held in the exotic city of Dubai, UAE on June 20, 2007. The Arab Beverage Forum 2007 focused on emerging trends in the industry in making its selections and the Forum generally serves as a platform for advance marketing and experience exchange for the beverage industry in Arab countries reaching Asia and India.

* According to the Arab Beverages Forum, 2007 pledges to be an
excellent year for the Arab beverages markets. Respective
consumer markets are enjoying tremendous expansion and growth as
the individual markets shift to market economies, offering vast
opportunity and possibility.
* This year’s Arab Beverages Forum was comprised of international
and regional beverage industry executives and consultants
including some of the most influential global beverage companies,
whom all gathered in Dubai.

“We’re extremely excited and proud to have Celsius honored in another international competition and we are confident such accolades will continue to help us open distribution opportunities in various corners of the globe,” said Celsius, Inc. CEO Steve Haley. “Recognition by independent judges of our claims and the true functional benefits Celsius brings to consumers is something we take very seriously. This award, along with the others we have received, is further proof of the widespread acceptance of our brand philosophy as a sports nutrition company dedicated bringing healthier products with true functional benefits to consumers.”

Technically this doesn’t look ready yet but a break to the upside of this short term channel and momentum might pick up again. CSUH could definitely be a buy out prospect for Coke, Pepsi, or Hansen.

I got shaken out by the volatility in CHNG yesterday as price was nearing the point where this trade would no longer be profitable. And one of the most important rules in trading is to never let a profit turn into a loss, and i try to follow this rule to the best of my ability.

CHNG shares bounced near support near $4/share support and rallied on heavy volume on morning news of the completion of 23 CNG filling stations in China.

Quote

China Natural Gas Completes Construction of New CNG Filling Stations
Friday June 29, 8:30 am ET

NEW YORK, June 29 /PRNewswire-FirstCall/ — China Natural Gas, Inc. (OTC Bulletin Board: CHNG - News), one of the leading providers of compressed natural gas (CNG) for vehicular fuel in Xi’an, China, confirmed today that the Company will enter the third quarter of 2007 with 17 revenue producing CNG filling stations, as planned. Two of these stations are located in the Henan province of China, contributing to the Company’s geographic expansion.

“Today’s announcement demonstrates our conviction to execute our growth plan and have 23 revenue producing CNG filling stations by the end of 2007,” said Mr. Qinan Ji, Chairman and CEO of China Natural Gas. “We also plan to increase our footprint in other regional markets outside of Xi’an and today’s announcement speaks to our success in this effort as well.”

Price made a strong morning rally on heavy volume and sold off shortly after though i think this may just be some intraday weakness and a stronger close may be warranted, as well as this being signs of a bullish reversal off of support. I took this opportunity to go long CHNG at 4.25.

CHNG10.gif

MAJOR EXCHANGES:

DESC
F
KOMG
ANR
VRSN
UIS
CPO
CBAK
ABXA

OTCBB:

MXEH
WWAT
ACFN
PYTL
UDTT
SWEB
OPBL

After coming across an interview with Andy Swan featured on wallstrip.com last week about his new customizable financial portal website. I took the initiative to contact him about setting up a ttt.net branded page as i thought he was creating a very innovative and user friendly product that could become beneficial to our members here at TTT.

My Trade lets you set up customizable pages that lets you add anything to your own page from watchlists, charts, news feeds, and blog feeds from some of the most well known bloggers in the finance world. Allowing you to have up to date information on the stocks you want and see what the experts are saying about them.

At the TTT.net branded web page you’ll find it very easy to find information on the stocks that i’m covering here by looking at my watch list, latest blogs posts, headline of my holding companies, as well what other bloggers may be saying about the holdings here at ttt.net.

Andy’s interview at WallStrip.com

Be sure to check out my branded webpage here: TTT+Mytrade

Props to Andy and his brother Landon for getting back to me and setting up a branded page at mytrade.com

MAJOR EXCHANGES:

AMKR
SYMC
BLDP
WRNC
TMTA
COCO
ENH
CPHD
FUL
CBAK

OTCBB:

IVGR - 625% RALLY
CBNH
PTSEF
QPCI
SGCR
APIO - looks like one of those possible bounce plays ket
DHNA
CAMH
OEGY
AMXG

Major Exchanges:

VG
CCE
SOLF
PMTC
ASTI
QDEL*

OTCBB: Horrible day for the BB market….

WWAT*
AMRE
GACF

CHART OF THE DAY : QDEL

I recently sold 1/2 my position of CHCG near the latest rally high for a solid 39% gain satisfying my need for locking in profits. Since then CHCG has been subject to a 5 day sell off that hasn’t been the most appealing of sights from looking at the chart. Though as the valuation of this company suggests double digit prices into the near future I’ve been recommending to buy CHCG on dips near support levels. Today price broke through another support level which was a $7/share and trailed to a low of 6.53 which is near the next support level in line. I took this opportunity to re-buy my previously sold 39% gain position and purchased at 6.57. CHCG is currently trading at 6.63. The trend here is still very bullish and i’m forcasting a breakout above $8/share given some time and patience. I still hold my initial position that was purchased on 5/30/06 at 5.63.

Let me quote myself from June 17th on CHCG’s Valuation:
“CHCG is getting more and more out of the small cap category as its growing here ket. I mean this is a company that sells a lot of stuff, they’re expecting $369m in sales for this year alone, and if i recall correctly they were forecasting a billion in sales by 2010. So looking at its current sales and growth in sales $387m doesn’t look very expensive in my eyes, it doesn’t look dirt cheap, but not excessively expensive. Their P/S ratio currently is trading at 1.56x compared to the industry average of .8x. This is based on the last 4 quarters of sales of $247m and current market cap of $379

P/S = Market cap/Sales = 379m/247m = 1.56x sales

Though the more significant ratio we want to look at is the Price to earnings ratio which CHCG is trading below the industry average with a current PE of 19.34 compared to the industries 25x earnings. So CHCG looks inexpensive from this point of view especially given their steady earnings growth with a forward PE of just 11.34. So basically how we look at that forward PE is this, if price to were remain unchanged from todays price, in 1 year from now the PE ratio would be 11.34x. Which would make CHCG.OB a very attractive undervalued stock given that the industry average is 25x. But thats not likely to happen. So we would expect CHCG to rise along with its rise in earnings possibly to maintain its current conservative earnings multiple of 19x. If that were the case over the course of the next year if CHCG were to report its expected .56 eps then hypothetically CHCG should trade near 10.83. If CHCG’s momentum gained quicker which is highly possible in the result of a chart pattern breakout and began to trade at an earnings multiple comparable to the industries 25x then hypothetically price would trade around:

Eps = .56
PE = 25x

.56 x 25 = $14/share.

Of course i won’t be holding this stock for that long but fundamentally this stock looks like its overall trend will continue bullish. Especially when it begins trading on a major american exchange and gains favor from large investors.”

On june 12th GNBT surged on on huge volume after IB firm Rodman and Renshaw associates initiated coverage with a “market outperform” and an 18 month price target of $6. Speculation mostly revolves around there Oral-Lyn non injectable insulin intake device. Rodmen and Renshaw speculate that given the forcasted growth in the diabetic population and Oral-Lyns strong clinical data findings will make this an alpha product which could possibly bring in $600m in sales by 2013.

Technical Analysis of this chart looks very bullish to me as well. After price made its initial surge on the upgrade profits have been taken which lead price to retrace towards the midpoint of the breakout candle which is usually serves as strong support, as well signifies bullish continuations if a rebound comes into play. It just so happens that GNBT made a strong rebound near the midpoint of the breakout candle forming a bullish hammer candle followed by the strong rally during Fridays session in the face of the bear. Currently as i’m typing price is up 11% premarket about 5 minutes before the opening bell so we missed the optimal entry, though i will follow this one close this week for possible entry as i think the momentum and speculation could drive this higher.

Quote from analyst:
“Jaikaria said Generex’s oral insulin candidate could bring in more than $600 million in sales in its first three years.

Jaikaria expects Generex to begin late stage clinical trials of Oral-lyn for people with Type I diabetes later this year, with the Food and Drug Administration approval coming in 2010. He said the drug could be more effective than inhaled insulin products, and may be useful to patients with Types I and II diabetes.

“We believe that Generex’ Oral-lyn has advantages over other non-injectable insulin solutions,” he said. “While many of these systems deliver insulin to the lungs and bronchial tree, Oral-lyn delivers insulin to the oral mucosa, avoiding the potential risks of chronic lung tissue exposure to insulin.”

The Centers for Disease Control and Prevention the number of Americans with diabetes will more than double by 2050, to 48 million, the analyst noted.

Jaikaria said the rising number of diabetics will create a large market for Generex. He projected the worldwide market for insulin growing to $12 billion by 2010.”

As many of the members who have been here for sometime know that i recently switched the homepage to blog format with the goal of being more efficient and increasing traffic. Well its working well, in fact very well. In the 1st week of ttt.nets’ new blog format my alexa.com ranking has jumping nearly 100k positions. I don’t know why i didn’t do this earlier.  Happy trading and lets continue making consistant profitable trades!

Ali G always makes me Laugh. Especially when he somehow gets these very conservative politicians and economists to agree to an interview…….

MAJOR EXCHANGES:
CY
SIRI
F
SOHU
AKS
DESC
PGIC
TMTA

OTCBB:
CHNG
MLBU
TEXG*
GTRE
NRGX*
SUWN*
WWAT
UVSE
CMNN*

Looking at a short term 60 day 60 minute intraday chart the Nasdaq has been forming a broadening ascending wedge patter with higher highs and lower lows. Fridays session was very bearish as it clobbered Thursdays possible rebound candle stick and ended up closing below the open of thursday implicating a continued bear move into Monday. Judging by this short term chart i think its very possible that we could see the Nasdaq continue to slide towards the lower boundary of the broadening wedge pattern here around 2545.

Taking a step back and looking at the Nasdaq all the way back into 2003 we’ve seen it trading in a very bullish ascending channel pattern which recently had bullish breakout to the upside of the top resistance line of the channel. The question now is will this breach of the channel hold? Its hard to say, the markets been bullish, but how long can this bull run last? I think sooner or later we will see a correction in the markets and i think we need to keep our stops tight and take profits when we have them. Major support levels that we could expect the Nasdaq slide to:

2545
2500
2320-2375
Worst case scenario the Nasdaq slides all the way down to meet the ascending support of this channel around 2140