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MLR - PMP 11/15/13

The major averages rose yesterday on mixed volume. Despite Cisco (CSCO) gapping lower, the NASDAQ Composite managed to post a gain on higher volume, a good deal of which was due to CSCO's huge volume levels.

Qiwi (QIWI) had a pocket pivot. Its group rank is #27, and profitability is strong with an ROE of 43.2%. Sales are accelerating and earnings are up 52% in the most recent quarter.

Apple (AAPL) had a pocket pivot. Keep in mind it is a former leading stock whose fast price appreciation may be well behind it as stocks that have massive gains then significant corrects usually settle into a slower ascent in the best case scenario unless something material changes for the company. AAPL also did have a gap down in September so position size accordingly.

Vips (VIPS) had a pocket pivot 2 days ago but due to its volatility, it is best to wait for it to pull back on constructive volume as it did Thursday. One may take a position or wait for further pullback, depending on one's risk tolerance levels. Earnings and sales have risen like a rocket, group rank 28. Keep in mind this is a Chinese stock so carries more risk, but has a market cap of $4.7 billion so that bodes well in its favor as it is not a small cap.

Netflix (NFLX) just missed having a pocket pivot yesterday as volume fell slightly short. The stock is holding up tight along its 10-day moving average and could make another attempt at a pocket pivot in the coming days.

Exone (XONE) and Sunpower (SPWR) had buyable gap ups. XONE just reported earnings. The solar space of which SPWR is a member and the 3-D space of which XONE is a member have been particularly strong with group rank 1 and 2, respectively. Other names including 3-D Systems (DDD), Stratasys(SSYS), First Solar (FSLR) and Canadian Solar (CSIQ) are in healthy uptrends.

This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2024 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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