The VRTrader.com VR Platinum Newsletter Wednesday 6/15/05
"Tools for the High Performance Trader"
Copyright © 2005, All rights reserved.
---------------------------------------------------------------
PORTFOLIO UPDATE | by Mark Leibovit
---------------------------------------------------------------
VR Platinum Portfolio Update
Wednesday, June 15, 2005
Pre-Market
New Buy/Short
----------------------------------
GOOG - Short @ 286.00. Target: 265.00. Stop: 300.00
New Changes
----------------------------------
EFA - Changed Target From 51.00 To Market
EFA - Note: Touched 51.85 on Monday versus 51.00 target and a Positive
Volume Reversal ™ formed yesterday. Cover short at the market.
WYNN - Changed Entry Range From 48.80-49.00 To 52.90-53.10
TLT - Changed Entry Range From 95.20-95.30 To 94.50-94.60
=================================================================
---------------------------------------------------------------
LEIBOVIT FILES | by Mark Leibovit
---------------------------------------------------------------
Leibovit Files
Wednesday, June 15, 2005
Opening Comments
Last night's tsunami warning along the Pacific coast brought home the
reality of just how tenuous our existence on this planet truly is. The
7.0-magnitude quake struck at about 7:50 p.m. southwest of the coastal
community of Crescent City and 300 miles northwest of San Francisco. A
tsunami warning was briefly in effect from the California-Mexico border
north to Vancouver Island, British Columbia, but was called off about an
hour after the quake hit.
Others are calling for a tsunami warning for the U.S. Bond and equity
markets as foreign investors holding $2 trillion of U.S. debt may be
looking to exit and/or trim back. China's central bank, South Korea's
central bank and Japan's central have all hinted at such a move. The only
way Alan Greenspan can possibly forestall such actions would be to drive
domestic interest rates dramatically high enough to attract those foreign
debt buyers to acquire more U.S. debt. We are currently bearish on U.S.
Treasuries on a trading basis, but that may turn out to be a near-term
market call as well.
The markets remain short-term positive, despite our predilection for a
correction. Breadth was quite positive yesterday on the Big Board and
mildly positive on Nasdaq. Volume was light, but even so the markets have
managed to creep higher during the courses of this 'Summer Rally' underway
since April 29. As always, we try and trade 'em along the way. Such was
the case with our short recommendation in Google (GOOG) for Platinum
subscribers.
=================================================================
Check out the current VR List:
http://www.vrtrader..../ViewVRList.asp
=================================================================
Check a current VR Chart:
http://www.vrtrader..../GetVRChart.asp
=================================================================
----------------
WATCHLIST
----------------
----------------
LONGS
----------------
PTF - Petrofund Energy Trust 14.62
COMPANY PROFILE:
WHY WE LIKE IT:
This is a Canadian trust that pays out well on dividends. It averaged
about a .12/share monthly dividend in 2004. It has bounced sharply higher
after finding support at its 200 day moving average.
Petrofund Energy Trust (formerly NCE Petrofund) is an open-ended
investment trust whose primary source of income is from 99% net royalty
interests granted by its two wholly owned subsidiaries, PC and PVT
(formerly Ultima Ventures Trust). PC acquires, manages and disposes of
petroleum and natural gas rights and royalties and related property rights
and interests located primarily in western Canada. PC also holds the legal
interest to all properties beneficially owned by PVT. PVT receives 99% of
the net revenue from these properties, which it in turn pays out to
Petrofund in the form of the 99% net royalty noted above. In addition, PC
may acquire royalties or other property interests or securities of other
resource issuers. The Trust may also purchase directly or indirectly
securities of oil and gas companies, oil and gas properties and other
related assets. On June 16, 2004, PC acquired Ultima.
POTENTIAL TRIGGER:
Buy at market with a stop below the March 30 low at 13.40. This is one
that could provide good income AND price appreciation.
--------------------------------------------------------------
GNA - Gerdau Ameristeel 4.56
COMPANY PROFILE:
WHY WE LIKE IT:
We believe GNA is making its seven week cycle low in this area. It staged
a decent looking reversal up on May 17. Steel stocks are very much
oversold at this point and GNA looks like a coiled spring ready to bounce
back.
Gerdau Ameristeel Corporation is a large minimill steel producer in North
America, with annual manufacturing capacity of over 8.4 million tons of
mill finished steel products. Through its vertically integrated network of
15 minimills (including one 50%-owned minimill), 16 scrap-recycling
facilities and 42 downstream operations, Gerdau Ameristeel primarily
serves customers in the eastern two thirds of North America. The Company's
products are generally sold to steel service centers, steel fabricators or
directly to original equipment manufacturers (OEMs) for use in a variety
of industries, including construction, cellular and electrical
transmission, automotive, mining and equipment manufacturing. Gerdau
Ameristeel is an indirect subsidiary of, and controlled by, Brazilian
steelmaker, Gerdau S.A. The Company's operations are segmented into two
operating divisions: Minimills and Downstream operations.
POTENTIAL TRIGGER:
Buy at market with a stop below the May 17 low of 4.35. Target 6.00.
--------------------------------------------------------------
WJCI - WJ Communications Inc 1.91
COMPANY PROFILE:
WHY WE LIKE IT:
WJCI has been rattling around its May 13 low for almost two weeks now. It
tested the low on May 25 and closed higher on above average volume. It is
also in the vicinity of a low made in October 2004. Momentum indicators
are showing a bullish divergence as well. WJCI could take off soon.
WJ Communications, Inc. is a radio frequency (RF) devices company
providing radio frequency products worldwide to communications equipment
companies and service providers. The Company designs, develops and
manufacture products for both current and next-generation wireless and
wireline networks, defense and homeland security systems and RF
identification systems (RFID). Its products comprise highly functional RF
semiconductors, components and integrated assemblies that seek to address
the RF requirements of these various systems. The portfolio of RF
technology products offered by the Company includes amplifiers, mixers,
transistors and multi-chip modules, and RFID readers and reader modules.
The Company sells its products principally to distributors and original
equipment manufacturers, including their manufacturing subcontractors.
POTENTIAL TRIGGER:
Buy at market with a stop below the May 25 low of 1.76. Target 3.50.
--------------------------------------------------------------
DPII - Discovery Partners International 3.00
COMPANY PROFILE:
WHY WE LIKE IT:
DPII put in a bullish outside day on June 2 with high volume after a
prolonged decline. We are looking for a solid move to the upside here.
There are bullish divergences on momentum indicators also.
Discovery Partners International, Inc. (DPII) engages in the development
and provision of libraries of drug-like compounds, instruments, consumable
supplies, drug discovery services, computational tools to generate
compound libraries, and testing and screening services for various drugs.
It offers instruments and consumables that automate the process of making
and storing collections, or libraries of chemical compounds; and chemistry
services, that include compounds, medical chemistry, drug discovery
informatics, and compound repository services. DPI also provides screening
services. In addition, the company designs and conducts assays or tests
that generate information about the effect of chemical compounds on a drug
target. DPI sells its products and services to pharmaceutical and
biopharmaceutical companies in the United States, Europe, Japan, and
India. The company was founded as IRORI in 1995 and changed its name to
Discovery Partners International, Inc. in 1998. Discovery Partners
International is headquartered in San Diego, California.
POTENTIAL TRIGGER:
Buy at market with a stop below the June 2 low of 2.81. Target $4.00.
--------------------------------------------------------------
----------------
SHORTS
----------------
Sorry, no Short Watchlist to Report
Suggestions? Comments? on the newsletter service.
We would like to hear from each and everyone of
our subscribers. Our email is mark@vrsurvey.com.
--------------------------------------------------------------
TIMER DIGEST MARKET SIGNALS
--------------------------------------------------------------
For Tuesday, June 14, 2005
STOCKS: Neutral
BONDS: Bearish
GOLD: Bullish
--------------------------------------------------------------
CURRENT PORTFOLIO
--------------------------------------------------------------
Click here to see our Current Portfolio
http://www.vrtrader....lays/stocks.asp
=================================================================
NEW PICKS
=================================================================
Based on either Bullish or Bearish technical signals and the
Volume Reversal™ methodology, these stock picks look
primed to make a move. No trading system is 100% accurate and
care should be taken to consider market conditions before
entering any trade. Not all trades are suitable for all
investors and each investor should consider their own risk
profile before making a decision.
Format:
Symbol - Company Name
Buy @ = this is the strategic range picked by the VR staff.
Target: = estimated destination of equity during life of play.
Stop: = recommended* stop loss considering equity volatility.
*stop losses should be placed according to your own risk
tolerance.
=================================================================
RISK MANAGEMENT STRATEGY
When a stock declines/rallies 1 point or more from the price at
which bought or sold short, we will raise/lower stop to cost. This
will limit the potential loss on a trade. For each additional 1
point move, a further adjustment is made.
=================================================================
------------------------------------------------------
CURRENT BULLISH STOCK PICKS
------------------------------------------------------
HIET - 1/28/05 - Long @ 1.03 Target: 1.70 Stop: 0.30
WEL - 2/18/05 - Long @ 1.18 Target: 1.75 Stop: 0.80
GLFD - 5/6/05 - Long @ 2.75 Target: 3.25 Stop: 2.20
KO - 5/16/05 - Long @ 43.75 Target: 48.00 Stop: 41.50
FBR - 5/19/05 - Long @ 13.47 Target: 15.00-16.00 Stop: 11.85
HMY - 5/31/05 - Long @ 7.25 Target: 9.00 Stop: 5.95
NEM - 6/2/05 - Long @ 38.09 Target: 40.00 Stop: 35.25
PAL - 6/2/05 - Long @ 4.90 Target: 5.90 Stop:3.89
AWA - 6/10/05 - Buy @ 5.65-5.75 Target: 7.00 Stop: 4.05
CDE - 6/10/05 - Long @ 3.30 Target: 4.00-4.05 Stop: 2.69
BGO - 6/13/05 - Long @ 2.29 Target: 2.70-2.75 Stop: 1.69
BTU - 6/13/05 - Buy @ 50.50-50.60 Target: 57.00-58.00 Stop:48.25
CHINA - 6/13/05 - Long @ 3.30 Target: 5.00-6.00 Stop: 2.35
GG - 6/13/05 - Buy @ 14.10-14.20 Target: 17.00 Stop: 12.00
SWC - 6/13/05 - Long @ 7.20 Target: 9.00 Stop: 6.00
WTSLA - 6/13/05 - Buy @ 4.25-4.35 Target: 6.50-6.75 Stop: 3.00
WYNN - 6/13/05 - Buy @ 52.90-53.10 Target: 58.00-59.00 Stop: 43.85
------------------------------------------------------
CURRENT BULLISH INDEX PICKS
------------------------------------------------------
N/A
------------------------------------------------------
CURRENT BEARISH STOCK PICKS
------------------------------------------------------
AAPL - 6/13/05 - Short @ 36.40 Target: 30.00-31.00 Stop:40.80
GOOG - 6/15/05 - Short @ 286.00 Target: 265.00 Stop:300.00
------------------------------------------------------
CURRENT BEARISH INDEX PICKS
------------------------------------------------------
EFA - 6/9/05 - Short @ 52.18 Target: Market Stop: 53.07
TLT - 6/14/05 - Short @ 94.50-94.60 Target: 91.00-92.00 Stop: 97.01
-------------------------------------------------------
EXITED BULLISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
-------------------------------------------------------
RNO - Picked(5/18/04): 1.24 Exited(5/23/05): 1.23 Result: -0.01
LUV - Picked(5/5/05): 15.10 Exited(6/10/05): 14.40 Result: -0.70
QTWW - Picked(5/9/05): 3.68 Exited(5/20/05): 3.44 Result: -0.24
IWOV - Picked(5/13/05): 7.50 Exited(5/16/05): 7.25 Result: -0.25
SIL - Picked(5/16/05): 11.74 Exited(5/23/05): 11.75 Result: 0.01
AEM - Picked(5/17/05): 11.18 Exited(5/23/05): 11.01 Result: -0.17
UCL - Picked(5/18/05): 54.85 Exited(5/24/05): 55.45 Result: 0.60
ALVR - Picked(5/19/05): 9.50 Exited(5/31/05): 9.20 Result: -0.30
HMY - Picked(5/19/05): 6.75 Exited(5/23/05): 7.40 Result: 0.65
AAPL - Picked(5/20/05): 37.34 Exited(5/24/05): 39.45 Result: 2.11
AWA - Picked(5/20/05): 5.35 Exited(6/8/05): 6.44 Result: 1.09
ASA - Picked(5/24/05): 34.69 Exited(5/31/05): 35.60 Result: 0.91
AEM - Picked(5/25/05): 11.58 Exited(5/31/05): 11.70 Result: 0.12
COMS - Picked(5/25/05): 3.45 Exited(6/8/05): 3.66 Result: 0.21
FLML - Picked(5/25/05): 18.20 Exited(6/8/05): 18.82 Result: 0.62
NEM - Picked(5/25/05): 36.29 Exited(5/31/05): 36.75 Result: 0.46
UIS - Picked(5/25/05): 7.24 Exited(6/8/05): 6.90 Result: -0.34
SIRI - Picked(6/1/05): 5.81 Exited(6/10/05): 5.81 Result: 0.00
-------------------------------------------------------
EXITED BULLISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
-------------------------------------------------------
XLE - Picked(5/18/05): 39.66 Exited(5/24/05): 40.37 Result: 0.71
DIA - Picked(5/19/05): 104.15 Exited(5/23/05): 104.63 Result: 0.48
IBB - Picked(5/19/05): 67.50 Exited(5/23/05): 66.95 Result: -0.55
-------------------------------------------------------
EXITED BEARISH STOCK PICKS FOR THE PREVIOUS 30 DAYS
-------------------------------------------------------
RYL - Picked(5/10/05): 62.84 Exited(5/16/05): 60.25 Result: 2.59
DF - Picked(5/20/05): 38.24 Exited(5/20/05): 38.70 Result: -0.46
MTH - Picked(5/26/05): 72.61 Exited(6/1/05): 75.25 Result: -2.64
BRCM - Picked(5/31/05): 35.99 Exited(6/13/05): 35.26 Result: 0.73
AAPL - Picked(6/1/05): 39.90 Exited(6/3/05): 37.96 Result: 1.94
GOOG - Picked(6/9/05): 284.72 Exited(6/14/05): 279.47 Result: 5.25
INTC - Picked(6/10/05): 27.12 Exited(6/13/05): 27.03 Result: 0.09
-------------------------------------------------------
EXITED BEARISH INDEX PICKS FOR THE PREVIOUS 30 DAYS
-------------------------------------------------------
SPY - Picked(5/12/05): 117.23 Exited(5/16/05): 116.14 Result: 1.09
IBB - Picked(5/16/05): 66.65 Exited(5/18/05): 67.14 Result: -0.49
DIA - Picked(5/23/05): 104.63 Exited(5/23/05): 105.21 Result: -0.58
IWM - Picked(5/23/05): 121.35 Exited(5/23/05): 121.75 Result: -0.40
QQQQ - Picked(5/25/05): 37.68 Exited(5/26/05): 38.01 Result: -0.33
SPY - Picked(5/25/05): 119.10 Exited(5/26/05): 120.05 Result: -0.95
DIA - Picked(6/1/05): 104.64 Exited(6/1/05): 105.45 Result: -0.81
OIH - Picked(6/1/05): 93.28 Exited(6/1/05): 93.60 Result: -0.32
IWM - Picked(6/5/05): 123.46 Exited(6/7/05): 124.85 Result: -1.39
RTH - Picked(6/5/05): 94.35 Exited(6/7/05): 95.65 Result: -1.30
BBH - Picked(6/6/05): 168.95 Exited(6/9/05): 165.95 Result: 3.00
EFA - Picked(6/6/05): 156.62 Exited(6/7/05): 157.30 Result: -0.68
QQQQ - Picked(6/8/05): 37.88 Exited(6/13/05): 37.87 Result: 0.01
SMH - Picked(6/8/05): 34.52 Exited(6/9/05): 35.25 Result: -0.73
============================================================
DISCLAIMER
============================================================
This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
of any stock but an information resource to aid the investor
in making an informed decision regarding trading in stocks. It
is possible at this or some subsequent date, the editors and
staff of VRTrader.com may own, buy or sell securities
presented. All investors should consult a qualified professional
before trading in any security. The information provided has
been obtained from sources deemed reliable but is not
guaranteed as to accuracy or completeness. VRTrader.com
staff makes every effort to provide timely information to its
subscribers but cannot guarantee specific delivery times due to
factors beyond our control.
Copyright © 2005 VRTrader.com.
