I was looking for AXL to do a big 50%+ multi-day move off that nice bottom and volume. I had a nice 11% gain from $1.21 from the overnight and was expecting the the market to atleast not crash on supposed good news that it's going to be supported. I ended up with a small loss on the $1.20 sell. I didn't follow my first rule of taking a strong gain when it comes. My win streak was up to atleast 5 before that.

I was thinking from the other day the institutions might be done with the longs in financials and all the profits had been taken the other afternoon because of the lack of accumulation. With these ETF's, EMA 21 EMA 35 seems to work pretty well with tick. It looks like the downtrend is back and I'm long FAZ from $46 and change.

( crash helmet on )


















Net-Nets

Misonix Inc. MSON

Makes medical devices. This is a new net-net to me. The fundy's (fundamentals) over the last few years are pretty ugly though revenue has been growing year over year. They just announced some net income $.03 last quarter, a gain from last years -$.02 loss on 5% revenue growth. A weak dollar will help there sales. The stock is pretty illiquid though it seems to have a better spread since the earnings announcement and maybe even a follow through.

$7 mil net current assets
$7.8 mil market cap
















Anadigics ANAD

Makes semiconductors for broadband wireless and wireline communications. The stock was a super multi-bagger from 2005 to 2007. It went from just over a $1 to $18 a share but it plunged with the economy and credit crisis back to a $1 and has rebounded to $2 for now at least.

Assets breakdown

$52 mil net cash
$135.8 mil net current assets
$128 mil market capitalization
















full disclosure: long FAZ