Nope. This is Accuray's (ARAY) Cyberknife, and this is now! THis is the world's first and only radiosurgery system to treat tumors ANYWHERE in the body. While the product is very cool, it's stock is yet to see any love from Wall Street, but it does look to have bottomed out. I would keep this one on the watchlist as it does have the qualities of a potential winner.
Investors Business Daily published their special mutual fund report and noted RIMM as one of the top buys by top performing managers, including my favorites CGM Focus, Fidelity Contrafund, and Janus Twenty. I tend to agree, and the reason is their upcoming Blackberry 9000 phone. While specs are yet to be announced, enthusiast sites such as www.crackberry.com and www.engadget.com are already getting excited about its features. It looks as if this is more than an update. Look for 3G, much improved graphics, and desktop like web browsing capabilities.
As for the stock, it has been trending up but on low-ish volume. The price has good support off the 20-day, but I would look to buy on a pullback.
With unemployment, $4 gas, inflation on the rise, and everyone talking about recession, why would the retailers be in their own quiet bull market. The anwser? Because it is. That's the market, it's always right and people who try to make sense of it are usually wrong. So, go with the flow ... of the market. My favorites here are URBN on a breakout above 35.37 and BKE @50.50.
If you're a William O'Neil follower, then you probably also know Gil Morales. If not, brace yourself. Gil has audited returns are in 10,000% range, he was recruited by O'Neil himself to manage and his personal portfolio and provide consultating to top mutual fund managers. Recently, he started a newsletter service to the rest of us. I've been very busy culling over every issue sponging in as much as I can. This has resulted in a 21% gain in my portfolio in 2 weeks! Check it out at www.gilmoreport.com
A weekly move from 3% to 39% of leadership stocks near buy points is huge! This leadership is carrying the market, now we just need to see the major indices follow the NAS is punching thru Feb highs. The commodies are leading the way with the fertilizers, oils, and steel stocks. But don't forget Mastercard, and keep Visa on the radar
This current rally is starting to show signs of strength as leadership is starting to take form. Today's scan shows the oils as the emerging industry group. With record crude prices increasing profit margins, oils stocks have double and triple digit earnings and sales. Technically, they have all held up and recovered well through the correction. The oils were also the top industry group in new mutual fund buys in Q1.
Just returned back from my fist visit to Disneyworld and to my surprise, the DOW follows through! DOW follow through's typically are not good rally indicators, but combined with the Russell's FT, there is validity. BUT, a distribution day just 3 days after this FT is bad - almost a sure sign of a failed rally attempt, BUT price/volume action looks good. The action in the IBD100 is also improving, with stocks near buy points increasing from 4% to 16%. I think the market still needs to prove itself, and the indices will be going up against critical near term resistance (DOW 12756, NAS 2419). In the meantime, I have one position in MA.
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