Stock Tiger Stalking Stocks™

For Thursday March 8, 2007  

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Dow -15.14 at 12192.45, Nasdaq -10.50 at 2374.64, S&P -3.44 at 1391.97

The scorecard is above. I have little to say on the markets as not much has changed. We got a little bump up Tuesday but it has not changed much of the mood as all expect the net wave down to come soon. Speaking of waves - I cannot remember by Elliott wave theory how much gain a price has to rise after a wave A down to quality for a Wave B. The point is that we should now be in a B wave up and then drop to a C down. I however see no wave at all in the tiny advance the Dow and Nasdaq made on Tuesday. Sure looking at a 15-minute chart in the short term but on a daily chart this was only a blip up. Seems to me to have a B it should be visible to the naked eye. Maybe someone will send me the definition of what qualifies  as a B wave. Regardless at some point we could easily finish the job and at least touch the 200-day as we were so close before. Part of corrections though also depend on time not only price so we need enough time to pass. I know we miss the contestant 8 break-outs-a-day situation we were in but do not force trades. Wait and do some scalping when you can and better times will come.

The Nasdaq also did little and it as well could drop a bit more to test the 200-day and 38% retrace at the least as that is healthy. The other way to count give a 1 down that the little blip of a week ago a 2 next the lat drop a 3 and this blip a 4 which would mead a 5th wave down. Elliot is kind of fun in slow markets as you can spend time trying to name things A or B or 1-2-3 ii ii or iv etc and never have to trade at all. We prefer the trend lines and support resistance and averages but do count sometimes....

There are two stocks I have been talking about for several months as long term plays as I think they have a promising future and that they are undervalued at the moment and hard to buy when they move up as they can jump.

GiraSolar - GRSR is one and it was at $0.60 and it almost doubled on the last run up as it was thought they may move to the OTC soon. Many took the very  nice profits or part of them and others like me who want the long term capital gains tax advantage are holding for the bigger move we think will come. The stock has now on lower volume almost made it back to where it was so for those who bought the first time it may be time to start again. I do not know when the move to OTC will happen or exactly when they will open a US manufacturing but it will come and it is more profitable if you are buying for long term gains to buy when others get tired of holding. If you have not heard the interview with Wieland Koornstra the CEO of GiraSolar from a few months ago you will find it very informative. GRSR Koornstra Interview

The next company Nucon-RF we talked of recently and it has very low volume so can be really hard to get when it starts to move. It has been in this range for 3 months from 60 cents to a dollar. In the field of services in Russia for nuclear waste solutions as well as compliance, shielding, transport and storage requirements for nuclear power plants. It is a US company but does business and has offices in Russia. The CEO is Russia's former Deputy Nuclear Power Minister and the Chairman of the board was formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co. and has much experiment of working in Russia. The company has filed a registration statement on Form 10-SB with the Securities and Exchange Commission in order to become a fully reporting company and now awaits comments, if any, from the SEC. Upon the Form 10-SB being declared effective by the SEC, the Company will immediately seek listing on the NASD Over the Counter Bulletin Board (OTCBB). This listing is expected during the second quarter. I will likely meet with company representatives soon and as I am here in Russia help them to spread their story and progress. I have been a shareholder for several months when I first visited their office to hear about heir business. More about the company is on their Profile Page

The following company I have no connection with and do not expect to but heard their story and today talked with the company president as I thought it may be one of interest long term to hear about before many others in the general population did. The president is Mitchell Maxwell and he is a producer of shows for Broadway and off Broadway. One of the most popular was Damn Yankees with Jerry Lewis. Here are some other of his productions so you see he is well known. He had a private company Sibling Entertainment and he is taking it public in order to greatly increase the scope of his production company. The basic shell company he is merging with, Sona Development symbol SDVC will be renamed to Sibling Entertainment. They will likely finalize the share part of this in the next two weeks and then the final exchange of the shares now owned by Sibling shareholders will be exchanged in 45 to 100 days. But for new buyers they can buy at any time. There is almost no activity in the stock now as it is technically now only the shell until the change taking place soon but any shares bought today will be buying the new company.

Why it is interesting is that first, there is a world wide woman's group named The Red Hats Society is basically  for women over 50 to celebrate themselves and enjoy life. There are over 1.5 million members in 33 countries. Sibling Entertainment produced a new Musical named Hats it has run so far in Denver and New Orleans and will open in Chicago and many other cities as the year goes by and in other countries also and may go on for many many years. The Red Hat Society will make some of the profits so there is super built in advertising with their world wide membership as the story is based on them. I would guess they may like their members to also buy some of the stock....So I only wanted to pas this story along as they expect to do $200 million in the next two years. There is little activity but at some point it will pop. They have two other musical in the works now also and they raise the money in separate deals so do not risk the shareholder's money in new productions. You can send me a note if you want more information as not much is now available on the Internet as it has been a private company.

Here are a few more for the watch list and more will be added before the market opens as I have little time now. Several already tried a break out and in the past we often skipped over these but as it is so common now for many to pullback on the first try that we may as well watch these also as they may try again soon. Remember to be ready to take profits sooner while the market is still in the correction as they can pull back intraday.

UDRL Now we think it a buy over $13.50 on good volume.

PWR tried the $24 bo today and got as high as $24.08 on good volume so likely soon to try to move on up.

NAFC had a break out over $31.80 and it also late in the day tried a move but because of the market I do not think that too negative so will play it next time over $31.80 or $32.02.

CERS had super volume today and ran to the 200-day EMA but up 18% so hope it takes a few days of rest then stages a nice break out over $6.70

EFSF penny stock also excellent volume today has a break out over $0.52

MIG may have been a failure today in the usual way and if this were to happen a month ago we would not use this chart but as stated this may be only a market reaction so lets see if it can run next time.

OSTE Drucwolf in the chat room pointed this one out a day ago and I forgot to include it on the list but it also gave back gains so show it now and it may run again.