First up is PACT

I expect PACT to make new 52-week high by the end of March for the following reasons:

• In a press release issued on Feb 28th, PacificNet (PACT) raises guidance for fourth quarter and fisical year 2004. Its stock was trading up as high as 45% on three times of average volume. --- http://biz.yahoo.com/bw/050228/285722_1.html
• If you take a look at this chart, PACT topped at 14, 12, 9 respectively within the past 3 months and these patterns formed a decending trend line which has kept downward drifting till it finally broke out on Feb 28th. The broke out point was 7 as you can easily see from the chart. Normally, breaking out a typical decending trendline on large volume is the signal for traders to long the stock while shorts to exit, and vice versa. Obviously in this case, the news served as a catalyst for this break-out to happen. --- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pact&sid=0&o_symb=pact&freq=1&time=7
• Next thing to look at is MACD and Stochastics. As we can see from this MACD diagram, the blue line (slow signal) and red line (fast signal) have started turning and pointing up, fast line is slightly crossing the blue one which signals change in the stock's price behavior. Stochastics has also improved and it is accelerating to the upside BUT below overbought levels. --- http://clearstation.etrade.com/cgi-bin/details?Symbol=pact&Refer=http://clearstation.etrade.com/
• Everything looks good so far and we need to check one more thing - insider trading. When you invest on a stock or just swing trade, insider trading (SEC filings) is the essential info you need to keep an eye on frequently. From this link, I can see the most recent Form 4 was filed in Jan by Sino Mart Management Ltd. It is a 10% beneficial owner and it acquired shares ranging from 6.5 - 7.4. There were no insider sales on the filing. --- http://edgar.brand.edgar-online.com/default.aspx?sym=pact

Now, back to this 5-day chart --- http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=pact&sid=0&o_symb=pact&freq=7&time=3 I expect PACT to consolidate for another day or two within the range 8 - 8.5 before the next big movement. I am looking to accumulate at this level with a stop-loss just below 8. The short-term potential gain is +70% vs potential loss of -5%. Is it going to be great short-term long candidate? We will see how it works out within weeks. Have fun trading!