FACTBASEDINVESTING.COM - AFTER MARKET UPDATE - Thursday, January 6th, 2011

<<<Previous Mid Day Report	Next Mid Day Report >>>
<<<Previous After Market Report	Next After Market Report >>>

You are not logged in.
This means you CAN ONLY VIEW reports that were published prior to Sunday, October 20, 2024.
You MUST UPGRADE YOUR MEMBERSHIP if you want to see any current reports.

AFTER MARKET UPDATE - THURSDAY, JANUARY 6TH, 2011

Previous After Market Report Next After Market Report >>>

Indices				NYSE			Nasdaq
DOW	-25.58	11,697.31	-0.22%	Volume	1,095,580,030	+5%	Volume	2,119,167,422	+3%
NASDAQ	+7.69	2,709.89	+0.28%	Advancers	1,165	38%	Advancers	1,148	42%
S&P 500	-2.71	1,273.85	-0.21%	Decliners	1,821	59%	Decliners	1,469	54%
Russell 2000	-3.67	791.42	-0.46%	52 Wk Highs	203		52 Wk Highs	186
S&P 600	-2.05	418.06	-0.49%	52 Wk Lows	5		52 Wk Lows	7

TODAY'S SPECIAL NOTICE

Many members have told us they enjoy the occasional "Ken's Mailbag" feature where we share a recent Q&A between CANSLIM.net's founder, Kenneth J. Gruneisen, and a member who has written in with a question concerning our services or a stock they are curious about. This section of the After-Market Update is located below the FSU table near the bottom of the report. Today we have a question concerning call options. Check it out! If you have a good question, maybe others can learn more at the same time, so please feel free to submit your questions or any feedback you have for us via the inquiry form - click here.

Nasdaq Rises On Tech Leadership
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
Volume totals were higher on both major exchanges while the Nasdaq Composite posted a gain on higher volume for a new recovery high on Thursday, but the S&P 500 Index and blue chip Dow Jones Industrial Average ended lower. Declining issues beat advancers 3-2 on the NYSE and by 5-4 on the Nasdaq. New 52-week highs solidly outnumbered new 52-week lows on the NYSE and on the Nasdaq exchange, and total number of NYSE and Nasdaq new lows were in the single digits. There was a total of 76 high-ranked companies from the CANSLIM.net Leaders List that made new 52-week highs and appeared on the CANSLIM.net BreakOuts Page, up from 61 on the prior session. There were gains posted by 12 out of the 27 high-ranked leaders now listed on the Featured Stocks Page.

Disappointing retail sales overshadowed a gradually improving labor market. Target (TGT -6.8%) and Macy’s Inc (M -4%) were in a group of retailers that missed December sales forecasts. Macy's violated its 50-day moving average line as it gapped down with a damaging loss on 2 times average volume. Target also violated its short-term average while its volume was more than 5 times average. Neither of the large retailers had the earnings track record to be on disciplined fact-based investors' watchlists.

Crude oil closed below $89 a barrel and gold prices were lower as the dollar strengthened against the euro. Economic data released showed that over the past month, fewer Americans have filed claims for unemployment insurance payments, indicating the labor market is improving. The market now waits for Friday's employment report for December from the Labor Department.

Agriculture and fertilizer companies are growing, with Monsanto Co (MON +2.4%) among those rallying after earnings beat estimates. Boeing Co (BA +1.96%) rose after tripling its commercial plane orders and beating delivery targets in 2010. At the other end of the spectrum, telephone stocks were weak. Metro PCS Communications Inc (PCS -6.7%) gapped down after subscriber growth slowed in the fourth quarter. AT&T (T -1.3%) cut its price for the iPhone 3-GS in half, and volume was nearly twice its average total as it fell.

The CANSLIM.net Q4 2010 Webcast is now available for "ON DEMAND" viewing via the highlighted link near the top of the Premium Member Homepage along with the new January 2011 issue of CANSLIM.net News!

PICTURED: The tech-heavy Nasdaq Composite Index posted a gain on higher volume for a new recovery high as new products vied for attention at a consumer electronics show.

Kenneth J. Gruneisen started out as a licensed stockbroker in August 1987, a couple of months prior to the historic stock market crash that took the Dow Jones Industrial Average down -22.6% in a single day. He has published daily fact-based fundamental and technical analysis on high-ranked stocks online for two decades. Through FACTBASEDINVESTING.COM, Kenneth provides educational articles, news, market commentary, and other information regarding proven investment systems that work in good times and bad.

Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

Healthcare Index Rallying While New Congress Gets To Work
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam
The Semiconductor Index ($SOX +1.84%) led the tech sector higher and the Networking Index ($NWX +1.15%) rose while the Biotechnology Index ($BTK -0.14%) and Internet Index ($IIX +0.07%) were quiet. The Broker/Dealer Index ($XBD +0.62%) posted a modest gain but the Bank Index ($BKX -1.06%) and Retail Index ($RLX -1.58%) had a negative influence on the major averages. Commodity linked groups fell as the Gold & Silver Index ($XAU -2.25%), Oil Services Index ($OSX -1.52%), and Integrated Oil Index ($XOI -0.70%) ended unanimously lower.

Charts courtesy www.stockcharts.com

PICTURED: The Healthcare Index ($HMO +2.52%) posted a 5th consecutive gain while rallying to new recovery highs. While the new GOP-led Congress is quickly gunning to shoot down recent healthcare reform legislation, investors are showing optimism for the healthcare industry's outlook.

Industry Index	Symbol	Close	Change	% Change	YTD % Change
Oil Services	$OSX	240.00	-3.71	-1.52%	-0.02%
Healthcare	$HMO	1,773.20	+43.63	+2.52%	+0.05%
Integrated Oil	$XOI	1,216.71	-8.57	-0.70%	+0.00%
Semiconductor	$SOX	424.77	+7.68	+1.84%	+0.03%
Networking	$NWX	295.72	+3.36	+1.15%	+0.05%
Internet	$IIX	318.12	+0.22	+0.07%	+0.03%
Broker/Dealer	$XBD	124.50	+0.77	+0.62%	+0.02%
Retail	$RLX	500.96	-8.04	-1.58%	-0.01%
Gold & Silver	$XAU	210.99	-4.85	-2.25%	-0.07%
Bank	$BKX	53.38	-0.57	-1.06%	+0.02%
Biotech	$BTK	1,308.48	-1.80	-0.14%	+0.01%

Volume Driven Gain Challenges Prior Resistance
Kenneth J. Gruneisen - Passed the CAN SLIM® Master's Exam

Ulta Salon Cosmetics & Fragrance, Inc. (ULTA +$2.66 or +7.71% to $37.18) gapped up today and touched a new 52-week high after reporting encouraging holiday sales data. Its color code was changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. Disciplined investors resist the urge to get in "early" and watch for gains above the pivot point with at least +50% above average volume to trigger a new (or add-on) technical buy signal. Today's gain helped this high-ranked leader in the Retail - Specialty group rally right up to prior resistance, but confirming gains and a solid close above its pivot point would be a characteristic of a truly convincing breakout.

Since its last appearance in this FSU section on 12/22/10 with an annotated graph under the headline "Consolidating Following +43% Rally Since September Breakout" it went on consolidating in a tight range while volume totals cooled. Its 50-day moving average (DMA) acted as recent support during an orderly 6-week consolidation. The number of top-rated funds with an ownership interest has grown from 278 funds in Dec '09 to 380 funds as of Sep '10 which is an encouraging sign of increasing institutional interest (the I criteria). (NOTE: Prior notes on this and other stocks cited top-rated US funds, and now our source is including foreign funds and hedge funds in their totals reported). Management's 36% ownership stake (after the latest offering) still keeps the company's directors very motivated to look after and build shareholder value. This has strong quarterly earnings increases above the +25% guideline in the 4 latest comparisons (satisfies the C criteria). ULTA has traded up as much as +41% from $26.36 when it was featured in the 9/03/10 mid-day report (read here) and its strong close with 6 times average volume confirmed a fresh technical buy signal.

Color Codes Explained :
Y - Better candidates highlighted by our staff of experts.
G - Previously featured in past reports as yellow but may no longer be buyable under the guidelines.

***Last / Change / Volume data in this table is the closing quote data***

Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
ABV - NYSE Comp De Bebidas Adr FOOD and BEVERAGE - Beverages - Brewers	$30.55	-0.03 -0.10%	$30.67	2,549,810 96.11% of 50 DAV 50 DAV is 2,653,100	$32.00 -4.53%	12/10/2010	$139.87	PP = $145.46
								MB = $152.73
Most Recent Note - 1/5/2011 6:03:27 PM G - Pulling back from its all-time high. Prior highs in the $29 area define important chart support to watch above its 50 DMA line. Do not be confused by the 5:1 split impacting its share price as of 12/28/10. (Previous data concerning Featured Price and Pivot Point will soon be adjusted). >>> The latest Featured Stock Update with an annotated graph appeared on 12/3/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ARUN - NASDAQ Aruba Networks Inc COMPUTER HARDWARE - Networking andamp; Communication Dev	$23.75	+0.27 1.15%	$23.95	1,926,100 80.70% of 50 DAV 50 DAV is 2,386,600	$24.28 -2.18%	1/3/2011	$22.55	PP = $24.38
								MB = $25.60
Most Recent Note - 1/6/2011 5:12:44 PM Y - Today's 4th consecutive gain led to a close -2.2% off its all-time high. Subsequent gains above its new pivot point with at least +50% above average volume may trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/14/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CACC - NASDAQ Credit Acceptance Corp FINANCIAL SERVICES - Credit Services	$63.02	-0.09 -0.14%	$63.22	11,466 50.07% of 50 DAV 50 DAV is 22,900	$64.09 -1.67%	11/22/2010	$59.97	PP = $62.00
								MB = $65.10
Most Recent Note - 1/6/2011 5:15:41 PM Y - Slightly higher volume in the past week without meaningful price progress is a sign of mild distributional pressure. It faces no resistance due to overhead supply. Recent lows and its 50 DMA line near $61 define important chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/20/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CIS - NYSE Camelot Info Systems Ads COMPUTER SOFTWARE andamp; SERVICES - Information Technology Service	$24.25	+0.42 1.76%	$24.54	270,918 64.89% of 50 DAV 50 DAV is 417,500	$25.50 -4.90%	11/26/2010	$18.93	PP = $19.72
								MB = $20.71
Most Recent Note - 1/5/2011 6:07:57 PM G - Closed near the session high today after a positive reversal. No resistance remains due to overhead supply after a choppy 5-week consolidation above prior highs and its 50 DMA line, but it has not built a sound new base. On 12/09/10 it completed a Secondary Offering. >>> The latest Featured Stock Update with an annotated graph appeared on 11/26/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
CMG - NYSE Chipotle Mexican Grill LEISURE - Restaurants	$226.50	+5.50 2.49%	$229.80	1,048,157 101.80% of 50 DAV 50 DAV is 1,029,600	$262.78 -13.80%	9/1/2010	$158.31	PP = $155.52
								MB = $163.30
Most Recent Note - 1/6/2011 4:16:02 PM G - Gapped up today, rising near its 50 DMA line but closing near the session low. Recent violations triggered technical sell signals hinting it may be due for a longer and deeper consolidation, while subsequent gains above its short-term average would help its outlook improve. >>> The latest Featured Stock Update with an annotated graph appeared on 12/17/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
DECK - NASDAQ Deckers Outdoor Corp CONSUMER NON-DURABLES - Textile - Apparel Footwear	$78.78	-1.87 -2.32%	$80.81	1,200,929 61.08% of 50 DAV 50 DAV is 1,966,000	$87.88 -10.36%	10/27/2010	$54.16	PP = $54.86
								MB = $57.60
Most Recent Note - 1/5/2011 6:11:40 PM G - Consolidating in recent weeks, extended from a sound base, and still well above its 50 DMA line that defines support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/16/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
EZCH - NASDAQ Ezchip Semiconductor Ltd ELECTRONICS - Semiconductor - Specialized	$31.57	+0.48 1.54%	$31.63	499,758 186.55% of 50 DAV 50 DAV is 267,900	$31.41 0.51%	12/2/2010	$27.53	PP = $26.00
								MB = $27.30
Most Recent Note - 1/6/2011 4:37:32 PM G - Hit another new 52-week high today with a 4th consecutive gain backed by above average volume. Prior chart highs in the $29 area define initial support to watch well above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/2/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
EZPW - NASDAQ Ezcorp Inc Cl A SPECIALTY RETAIL - Specialty Retail, Other	$28.07	+0.11 0.39%	$28.15	475,739 131.09% of 50 DAV 50 DAV is 362,900	$28.75 -2.37%	11/5/2010	$24.02	PP = $23.85
								MB = $25.04
Most Recent Note - 1/5/2011 6:13:07 PM G - Hovering only -2.8% off its 52-week high and near its best ever close. Extended from a sound base pattern, its 50 DMA line defines important support. >>> The latest Featured Stock Update with an annotated graph appeared on 12/29/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FFIV - NASDAQ F 5 Networks Inc INTERNET - Internet Software and Services	$138.07	+0.78 0.57%	$139.18	1,995,489 73.33% of 50 DAV 50 DAV is 2,721,400	$143.75 -3.95%	6/16/2010	$74.50	PP = $74.10
								MB = $77.81
Most Recent Note - 1/5/2011 6:17:22 PM G - Closed near the session high today perched -4.5% off its 52-week high. Recent lows define chart support just above its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 12/28/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
FOSL - NASDAQ Fossil Inc CONSUMER DURABLES - Recreational Goods, Other	$70.53	-1.47 -2.04%	$71.98	985,695 126.58% of 50 DAV 50 DAV is 778,700	$74.34 -5.13%	11/26/2010	$69.10	PP = $70.17
								MB = $73.68
Most Recent Note - 1/6/2011 4:28:05 PM Y - Down today on above average volume, a sign of mild distributional pressure while consolidating just above its 50 DMA line. An upward trendline connecting its July - October lows also defines a support level to watch near its short-term average. Subsequent violations may trigger sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/29/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
HMSY - NASDAQ H M S Holdings Corp COMPUTER SOFTWARE and SERVICES - Healthcare Information Service	$63.65	-1.13 -1.74%	$64.69	204,464 104.69% of 50 DAV 50 DAV is 195,300	$67.10 -5.14%	11/19/2010	$61.89	PP = $63.01
								MB = $66.16
Most Recent Note - 1/6/2011 4:31:58 PM G - Loss today with higher volume is a sign of distributional pressure while consolidating just above its 50 DMA line following a negative reversal on 12/22/10. Its waning Relative Strength rank has been noted as a concern. See the latest FSU analysis for additional details and an annotated graph. >>> The latest Featured Stock Update with an annotated graph appeared on 1/3/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
JOBS - NASDAQ Fifty One Job Inc Ads DIVERSIFIED SERVICES - Staffing and; Outsourcing Service	$52.49	+0.88 1.71%	$52.94	88,074 51.15% of 50 DAV 50 DAV is 172,200	$55.50 -5.42%	10/13/2010	$42.07	PP = $40.60
								MB = $42.63
Most Recent Note - 1/5/2011 6:23:50 PM G - Consolidating just above its 50 DMA line, just -7% off its 52-week high. Volume totals have recently been cooling. It has not formed a sound new base, only consolidating for the past 4 weeks after recently challenging its all-time high near $55 from 2004. >>> The latest Featured Stock Update with an annotated graph appeared on 12/30/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
LULU - NASDAQ Lululemon Athletica MANUFACTURING - Textile Manufacturing	$66.99	-1.50 -2.19%	$68.00	1,849,070 106.70% of 50 DAV 50 DAV is 1,733,000	$74.60 -10.20%	10/8/2010	$47.66	PP = $46.67
								MB = $49.00
Most Recent Note - 1/6/2011 4:20:45 PM G - Gapped down today and erased the prior session's gain, ending at its lowest close since quietly peaking on 12/20/10. It is extended from its 50 DMA line and more time is needed for a potential new base to form. >>> The latest Featured Stock Update with an annotated graph appeared on 12/1/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
MWIV - NASDAQ M W I Veterinary Supply HEALTH SERVICES - Medical Instruments and; Supplies	$65.46	-0.06 -0.09%	$65.74	49,564 93.87% of 50 DAV 50 DAV is 52,800	$65.92 -0.70%	11/4/2010	$61.79	PP = $59.60
								MB = $62.58
Most Recent Note - 1/5/2011 6:27:07 PM G - Gain today with above average volume helped it finish 3 cents below its best ever close. Its 50 DMA line defines support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/21/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NEOG - NASDAQ Neogen Corp DRUGS - Diagnostic Substances	$39.00	-0.93 -2.33%	$40.00	194,542 212.61% of 50 DAV 50 DAV is 91,500	$43.14 -9.60%	9/1/2010	$30.79	PP = $30.49
								MB = $32.01
Most Recent Note - 1/6/2011 4:43:20 PM G - Down today for a 3rd consecutive loss with above average volume. Slumping near its 50 DMA line which has been a reliable support level during past consolidations. >>> The latest Featured Stock Update with an annotated graph appeared on 12/6/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
NFLX - NASDAQ Netflix Inc SPECIALTY RETAIL - Music and Video Stores	$177.99	-1.74 -0.97%	$179.67	4,570,779 77.72% of 50 DAV 50 DAV is 5,880,900	$206.80 -13.93%	11/9/2010	$173.10	PP = $184.84
								MB = $194.08
Most Recent Note - 1/6/2011 4:46:12 PM G - Still quietly hovering near its 50 DMA line and recent lows defining near-term support. More damaging losses could trigger more serious technical sell signals. >>> The latest Featured Stock Update with an annotated graph appeared on 11/24/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
NTAP - NASDAQ Netapp Inc COMPUTER HARDWARE - Data Storage Devices	$57.49	-0.38 -0.66%	$58.64	4,680,826 82.96% of 50 DAV 50 DAV is 5,642,400	$58.12 -1.08%	1/6/2011	$57.49	PP = $58.06
								MB = $60.96
Most Recent Note - 1/6/2011 5:01:46 PM Y - Touched a new high quietly and then reversed into the red today. Color code is changed to yellow with new pivot point cited based on its 11/10/10 high plus 10 cents. Gains with +50% above average volume, ideally even greater volume, are needed behind a gain above its pivot point to trigger a convincing technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/27/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
OPEN - NASDAQ Opentable Inc INTERNET - Internet Software and Services	$76.10	+2.39 3.24%	$76.49	1,896,310 236.68% of 50 DAV 50 DAV is 801,200	$76.39 -0.38%	1/5/2011	$74.05	PP = $76.79
								MB = $80.63
Most Recent Note - 1/6/2011 5:07:06 PM Y - Finished the session at a new high close after a second consecutive volume-driven gain. It was featured in yellow in the 1/05/10 mid-day report and covered in greater detail with a fresh annotated graph in the Featured Stock Update section. >>> The latest Featured Stock Update with an annotated graph appeared on 1/5/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ORCL - NASDAQ Oracle Corp COMPUTER SOFTWARE and SERVICES - Application Software	$31.17	+0.13 0.42%	$31.20	21,859,043 77.54% of 50 DAV 50 DAV is 28,189,100	$32.27 -3.41%	12/7/2010	$29.05	PP = $29.92
								MB = $31.42
Most Recent Note - 1/5/2011 6:39:26 PM G - Volume picked up behind today's loss as it closed below its "max buy" level near the session low, yet only -3.8% off its 52-week high. Support to watch is at prior chart highs and its 50 DMA line. >>> The latest Featured Stock Update with an annotated graph appeared on 11/18/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
PAY - NYSE Verifone Systems Inc COMPUTER HARDWARE - Transaction Automation Systems	$41.59	+0.13 0.31%	$41.80	1,453,020 99.76% of 50 DAV 50 DAV is 1,456,500	$41.53 0.14%	11/29/2010	$33.96	PP = $36.04
								MB = $37.84
Most Recent Note - 1/5/2011 6:40:15 PM G - Powered higher on slightly above average volume for its best ever close. It has not formed a sound base. Prior high in the $36 area coincides with its 50 DMA line defining important near-term chart support to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/15/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
PCLN - NASDAQ Priceline.Com Inc INTERNET - Internet Software and Services	$437.32	+3.72 0.86%	$441.54	1,634,419 159.04% of 50 DAV 50 DAV is 1,027,700	$434.95 0.54%	11/1/2002	$399.55	PP = $428.20
								MB = $449.61
Most Recent Note - 1/6/2011 4:39:22 PM Y - Hit another new high today with a second consecutive volume-driven gain. Its considerable gain on 1/05/11 with heavy volume confirmed a technical buy signal as it rallied above the pivot point cited in the January 2011 CANSLIM.net News with detailed analysis and annotated daily and weekly graphs (read here). >>> The latest Featured Stock Update with an annotated graph appeared on 1/2/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
RAX - NYSE Rackspace Hosting Inc INTERNET - Internet Software and; Services	$31.24	-0.57 -1.79%	$31.93	2,472,005 138.09% of 50 DAV 50 DAV is 1,790,100	$32.69 -4.44%	9/21/2010	$22.84	PP = $23.61
								MB = $24.79
Most Recent Note - 1/6/2011 4:33:57 PM G - Loss today with above average volume was a sign of more distribution. No resistance remains due to overhead supply, but it has not formed a sound new base pattern of sufficient length. >>> The latest Featured Stock Update with an annotated graph appeared on 12/31/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ROVI - NASDAQ Rovi Corp COMPUTER SOFTWARE andamp; SERVICES - Security Software andamp; Services	$63.86	-1.80 -2.74%	$65.76	3,537,836 300.76% of 50 DAV 50 DAV is 1,176,300	$67.00 -4.69%	10/29/2010	$49.99	PP = $53.10
								MB = $55.76
Most Recent Note - 1/6/2011 1:21:16 PM G - Pulling back today from its 52-week high. Above average and ever-increasing volume behind 8 consecutive gains has it now extended from a sound base. Its recent high near $58.50 and its 50 DMA line define chart support levels to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 12/13/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SHOO - NASDAQ Steven Madden Limited CONSUMER NON-DURABLES - Textile - Apparel Footwear	$41.35	-0.92 -2.18%	$43.22	299,671 79.47% of 50 DAV 50 DAV is 377,100	$47.69 -13.29%	11/23/2010	$44.61	PP = $44.95
								MB = $47.20
Most Recent Note - 1/6/2011 5:18:20 PM G - Reversed for a loss after initially rallying up near its 50 DMA line today. Technical damage has raised concerns, while prior highs near $40 define the next chart support level to watch. >>> The latest Featured Stock Update with an annotated graph appeared on 1/4/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
SLW - NYSE Silver Wheaton Corp METALS and; MINING - Silver	$34.19	-2.46 -6.71%	$36.61	14,204,587 135.56% of 50 DAV 50 DAV is 10,478,700	$42.34 -19.25%	8/25/2010	$21.40	PP = $21.99
								MB = $23.09
Most Recent Note - 1/6/2011 3:58:55 PM G - Slumping below its 50 DMA line, an important support level that it fought to stay above. It has violated the prior session low ($34.56) triggering a technical signal. >>> The latest Featured Stock Update with an annotated graph appeared on 12/8/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
Symbol/Exchange Company Name Industry Group	PRICE	CHANGE (%Change)	Day High	Volume (% DAV) (% 50 day avg vol)	52 Wk Hi % From Hi	Featured Date	Price Featured	Pivot Featured
								Max Buy
UA - NYSE Under Armour Inc Cl A CONSUMER NON-DURABLES - Textile - Apparel Clothing	$54.64	-0.90 -1.62%	$55.86	445,493 61.87% of 50 DAV 50 DAV is 720,000	$60.14 -9.15%	9/9/2010	$39.99	PP = $40.10
								MB = $42.11
Most Recent Note - 1/5/2011 6:49:35 PM G - Volume totals have been cooling while consolidating just above its 50 DMA line defining important support. >>> The latest Featured Stock Update with an annotated graph appeared on 12/23/2010. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M
ULTA - NASDAQ Ulta Salon Cosm & Frag SPECIALTY RETAIL - Specialty Retail, Other	$37.18	+2.66 7.71%	$37.48	1,240,660 234.04% of 50 DAV 50 DAV is 530,100	$37.24 -0.16%	1/6/2011	$36.12	PP = $37.34
								MB = $39.21
Most Recent Note - 1/6/2011 3:56:58 PM Y - Hit a new 52-week high today. Gapped up after reporting encouraging holiday sales data. Its 50 DMA acted as recent support and it is approaching its 52-week high after an orderly 6-week consolidation. Color code was changed to yellow with new pivot point cited based on its 52-week high plus 10 cents. Disciplined investors will resist the urge to get in "early" and watch for gains above the pivot point with at least +50% above average volume to trigger a new (or add-on) technical buy signal. >>> The latest Featured Stock Update with an annotated graph appeared on 1/6/2011. Click here. View all notes \| Alert me of new notes \| CANSLIM.net Company Profile \| SEC \| Zacks Reports \| StockTalk \| News \| Chart \| Request a new note C A N S L I M

Subscriber Questions:

January 1, 2011

Dear Ken,

What are your thoughts on buying a call option on a yellow stock the day after a confirmed breakout that is still in the buy range?

Happy New Year! Gil

Ken's Response:

January 5, 2011

Dear Gil,

I understand what you are getting at and it sounds like a situation where someone might be trying to take a small amount of money and turn it into a large amount of money quickly. The problem with options is that you can't limit your losses effectively at 7-8%, and that loss-limiting rule is CRUCIAL to protecting investors from badly eroding their investment capital.

I am not saying it cannot be done. I have not shared the story of my own experience with options as much as I perhaps could have. Back in the mid-90's, near the time I was about to launch canslim.net, I started going about it with a winning streak of 9 consecutive profitable options trades. Options trade number 10 wiped it all out for me. Before then and since then, I have never met anyone who turned a small amount into a large amount by investing in options. Since then, I and dozens of clients enjoyed the experience of turning small amounts into large amounts by concentrating our capital in a small handful of carefully selected high-ranked leaders in a bullish market environment per the system guidelines.

I see doing anything else as unnecessary speculation, when we have a fact-based system that has proven capable of turning a small amount into a large amount.

I'll add this. At the time of my options trading experience described above, there was a old fellow who worked at the same broker/dealer firm named Herb Jacobson. He was a nice man, and I am quite convinced he understood bull spreads, calendar spreads, and strangles and such, and he probably knew more about options tactics than anyone I will ever meet. Dubbed "The Silver Fox", Herb's claim was that he was the very first licensed put/call broker in the state of California and added that he once had the famous Mr. O'Neil as a customer. I wanted to learn what I could from Herb, but there came a point when he told me flat out, "Kenny, do yourself a favor and just stick to what you're doing and don't mess with options." I have followed his advice since that day, and I am very thankful to have enjoyed the successes I have with the fact-based approach.

Please let me know if there is any way I can be more helpful to you in your efforts.

Best regards,

Kenneth J. Gruneisen
Founder & Contributing Writer for CANSLIM.net
www.canslim.net

THESE ARE NOT BUY RECOMMENDATIONS! Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. This site is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

This report is a service available only to active Paid Premium Members. You may opt-out of receiving report notifications at any time. Questions or comments may be submitted by writing to Premium Membership Services 665 S.E. 10 Street, Suite 201 Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.