Last night I gave two buy points, one on a pullback and the other on the breakout. Today the breakout entry presented itself. While volume is not bigger than the down vol, it is a pick up from recent positive volume.
Entries are still available on slight pullback, via SPY or SSO (leveraged long ETF). Stop should be placed under the breakout line, 108.50-109.50 depending on trade entry risk levels and position size
This to me presents a favorable risk/reward opportunity to put some cash into play as we did yesterday
One major change in my portfolio will be to liquidate the rest of my $tmi and pour in the profits into $idi very similiar companies in the same niche.
$IDI – IDEATION ACQUISITION
SearchMedia is a leading nationwide multi-platform media company and one of the largest operators of integrated outdoor billboard and in-elevator advertising networks in China. SearchMedia currently operates a network of over 1,500 high-impact billboards with over 500,000 square feet of surface display area and one of China’s largest networks of in-elevator advertisement panels consisting of over 175,000 frames in 57 cities throughout China.
SearchMedia ranked first in market share of in-elevator advertising displays in 13 out of the 26 most affluent cities in China and ranked second in an additional nine of these cities, according to Nielsen Media Research. Additionally, SearchMedia operates a network of large-format light boxes in concourses of eight major subway lines in Shanghai. SearchMedia’s core outdoor billboard and in-elevator platforms are complemented by its subway advertising platform, which together enable it to provide multi-platform, “one-stop shop” services for its local, national and international advertising clients that numbered more than 780 cumulatively from its inception to July 31, 2009.
2009 Projected Net Income : $26m2009 Projected EPS : Approximately $1.18 ($26m/22m O/S)Competitor’s P/E : VISN trades at $9.22 with .39 avg EPS estimates = 22-23 P/E(don't have an exact my math sucks)
