by Market Speculator

From the opening bell to the close stocks were being accumulated in a big way. Volume once again soared showing institutional support is behind stocks. We even saw quality growth stocks bust out and show tremendous strength. It was very important for the stock market to follow through with very nice gains after Friday’s close. The action from stocks today is showing there is more room to run to the upside. Leaders have emerged to show quality is where the action will be at and the time is now to get on board with them. Leadership has taken hold and the overall price and volume action of the market is signalling this market wants to roll higher.

An important occurance happened today and that was the price and volume action following through from Friday’s gains. It would have been …

AFSI was by far my largest long position in 2007 as this chart was about as near-perfect as they can get for an IPO. It was a very easy decision to load up on this one (It only got to 15% of the portfolio due to the low VIX and low volume in the overall market). However, it was still big enough to make a strong impact on my accounts. From the start to the finish, AFSI gained 89%, 85%, and 73% respectively, from each of my longs, in three months. It wasn’t a huge Monster Stock but considering the horrible low-VIX environment that we have been in since 2006 it was definitely a big winner. This is the difference between a Monster Stock at the start of a bull market (TASR ‘03) and a Monster Stock near the end of ...