Basherbob's Market CommentGoogle knocked the lights out after hours and the stock moved up 75points after hours. Most traders I followed expected a ho hum quarterafter 2 misses in a row. GOOG may have some profit taking tomorrow, soit will be volatile. $500 should act as support, I would pull thetrigger below 520. This stock should ramp nicely in the followingmonths. More importantly it bodes well for the overall market. I willadd GOOG to my conviction portfolio on any significant pullback. To seemy conviction portfolio just click my user name and scroll down. Iexpect a good day tomorrow in New York and Toronto.
Potash, myFAVOURITE stock sold off 6 points in profit taking. Buyers stepped inand claimed back 3 points. This stock must be bought on any weakness.There will be strong resistance at $200, but if it breaks the stockcould run to $220. If it fades the rally I would wait until $190, butonly a small position. If it goes to 185 or below back up the truck.That would be a gift.
A new stock added to my list that is poised for a break out is CHINAFIRE & SECURITY GROUP INC CFSG on the NASDAQ. This company hasgrowth of 30% but only trades at 15 times forward earnings, dirt cheapon a valuation basis. Using bollinger band analysis this $7.75 stockis about to break out on on a classic volatility squeeze. It could runto 11.00 quite fast, where it would run into fairly heavy resistance. Iwould stop it out at $7.00 Fast money trade at your own risk.