Ok dudes, here's what this comes down to!

ABLE accelerated to a high of $12.89 the last 30 minutes of trading on Friday. I made the call to buy ABLE at the low $7's when it broke out of the valley on Thursday. Now, that is over an 80% gain in 2 days!!!!!!!! If you didn't take some (or all) profits on ABLE on Friday when it went vertical, i got this to say to you, "You might as well find someone to bend ya over and kick ya out the window! lol". Dudes, what are you thinking? Remember i said to start taking profits when a stock moves 30-50-or 100% in one day or two! Why? Because there is a high chance of a correction (which could be serious) after the huge moves! If INCX went up 80% in one day , don't you think it will correct very soon? Take those freakin' profits from the 1 - 2 daytrades and buy more INCX if you like, but dudes, don't be a greedy octopus.

If oil goes up on Monday, i suspect all oil stocks to run again, but they are now overextended and is due for a correction soon. Do you think the daytraders are really into investing in oil stocks? I doubt it. Most would prefer holding technology any day of the week than to hold oil.


I highly do not recommend buying gap-up stocks pre-market. You'll experience real pain most of the time if you do. I will be watching the oil stocks the first 30 minutes of market open to see if it still has strength. You should too.

Congrats to all who bought ABLE at the low 7's and sold near 12. You rock!


On a different topic:

PACT has been garnering instititutional support:

Bjurman, Barry & Associates 167,935 1.99 $1,405,615 3-Mar-05
Credit Suisse First Boston Corporation 154,000 1.83 $1,288,980 3-Mar-05
Barclays Bank Plc 100,000 1.19 $837,000 3-Mar-05
Highbridge Capital Management, LLC. 66,666 0.79 $557,994 3-Mar-05
JHC Capital Management, LLC 20,000 0.24 $167,400 3-Mar-05
Satellite Asset Management 16,000 0.19 $133,920 3-Mar-05
Goldman Sachs Group Inc 11,677 0.14 $97,736 3-Mar-05
Gabriel Capital Corp. 9,000 0.11 $75,330 3-Mar-05
Deutsche Bank Aktiengesellschaft 100 0 $837 3-Mar-05


We have been holding, buying and selling PACT for "base run" profits. We never know when the news would show up for PACT to make a $2 move. So we are always (well, most of the time) in position.


Rock on!