Tuesday, January 09, 2007

Tuesday's Afternoon Stocks to Watch

The market is trading flat in the afternoon. It opened up, but then it traded down, and up. In a see-saw battle.

Apple (AAPL) is the star of the day. During the MacWorld, Steve Jobs revealed the new and powerful iPhone to the public. It is projected to be another block buster for the company, $6 billion revenue for Apple in the coming year. WOW! I would buy it only it is in the pull-back.

(GMKT) is back on uptrend track, the 52-week high is around $29. I believe this stock has more legs until the old high. And watch the action when it is breaking the old high. If it comes down from the old high, I would sell it then, otherwise, I will hold it until the momentum changes.

(LFC) is another volatile stock, it was up $5 yesterday and down $5 today. It is only for the option traders.

(TWB) a big loser today, bad outlook and a downgrade.

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