The Usual Suspects- Thursday, November 3rd, 2005

So whos on the radar for today?

724 Solutions Inc (SVNX) is giving traders 724 reasons to own it! Well, ok, maybe not 724 reasons, but maybe a few. Its at least asking you to own 724 shares or more!

724 Solutions Inc (SVNX) 1 yr chart


SVNX is causing some excitement as you can see from the wild volume jump. Traders are eagerly buying as the stock begans to shape the right side of its base. It has bottomed out a ew days ago (which is the first sign of big buying). Now that the stock has peirced its 50day Ma, it is gaining massive support (and money from investors) which is the reason behind the wild percentage rises (over 30% today alone without counting yesterdays rush).
Heres the 3 month chart on SVNX


The 3 month chart allows us to examine SVNX's price and volume action. I believe that the stock will correct itself down to high 3's low 4's and then continue back up! Its not down yet! I gotta warn you, if you wanna play it, play it at your own risk! I daytraded it today and ran off with some quick profits (actually I purchased a few shares yesterday and just sold them on the spike, but unfortunatly under $6! I should've put the sell order higher! Anyways, like I said, play at your own risk, as I am Not endorsing this stock unless I see it as a more stable trade.


Questcor Pharmaceuticals Inc (QSC) is a hot small cap pharma company on the AMEX with big insider buys these past few days!

Questor Pharmaceuticals Inc (QSC) 3 month chart
















CBOT Holdings (BOT) is for you if you got the big dough! I really like this company along with Chicago Mercantile Exchange (again if you got the paper, get some cause its heading to $500). BOT is providing a nice buying opportunity for those interested. My target for BOT is $130 for now.

CalAmp Corp (CAMP) which is trading at $11.61 on the NASDAQ is nice Wireless Telecom company to keep an eye on. It is the leader in its industry and continue to exhibit enormous upward strength! This is looking as a buy to me for those interested in a telecom play. I actually like this stock more than Motorola Inc (MOT). Average volume for CAMP is 238,000 shares a day. Today it has traded over 342,000 shares. This is largely due in part of the continous institutional buying.
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Any real estate stock fans out there? If you are you're gonna love this! This next stock is for you. Heck, I even like it! Its called Brascan Corp (BAM) on the NYSE and it is currenty trading at $46.55! I like to think of the stock at CB Richard Ellis's (CBG) little brother. If you are familiar with CBG, you'll know what I mean. BAM and CBG are both arguably the top two Real Estate operations stocks. CBG has had quite a run already. I think its BAM's turn now. In fact, BAM is looking even more attractive and a better play based on technicals than its older sibling CBG.

As you can tell, BAM isn't for the impatient. This is a longer term trade or investment style stock and should be treated as one. This is a good stock to park your money into for a longer term period, or if you got the dough, buy 500-1000 shares and skate off once the stock gives you a few g'z profit.

Brascan Corp (BAM) 3 month chart















Tower Group Inc (TWGP) is a great insurance stock! Although it had angered me in the past, I still think its not only just a great insurance stock, its a great stock, period. The thing is, I bought TWGP months ago when it was under $15. The problem was that I sold my entire position when it jumped to the high 16's low 17 dollar range. I made a little profit, but I felt that the stock should have continued its uptrend. Instead it sank back down the 14 dollar range and remained there until now. Now it seems that TWGP, along with a host of other insurance companies (property and causality insurance) are starting a new bullish trend. So that is why I am recommending TWGP to you guys! The stock is at 18.98 currently. Average daily volume is normally 1169,000. It is currently 446,000!

Tower Group Inc (TWGP) 3 month chart
















Avatar Holdings Inc (AVTR) is another slow and steady mover coming in at $56.70

Avatar Holdings Inc (AVTR) 3 month chart

I love the way AVTR sticks to its 50day MA. Its a slow and steady mover; just the way I like 'em!











There must be something special about these Enterprise Computer Software firms because it seems that I keep finding a whole stable of these babies with awesome chart to boot!