Monday, August 6, 2007


This is a stock I'm looking at today. It's a stock I would buy but the market is really saying don't do it. But I am tempted. They reported earnings today and the report was quite good -- ELOS is up 4.8% right now and based on their numbers... should be able to climb another 10 points... in a bull market.

This is my strategy and it's the only one that works after a year of trying everything else: You must buy strength. ELOS has been weak for months but this strong price gain on strong volume suggests a new sentiment.

However, all great traders made their money in bull markets and so even ELOS will face fierce resistance. But I would not be surprised if ELOS outperformed over the next 3 months. It's at $24.70 today.

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