Provident New York Bancorp and Luminent Mortgage Capital, Inc.

Airelon said: "PBNY and LUM respectively. I saw that we got a slight bump up today on Nasdaq and the S&P - so I think I may hop on a couple of quick trades. I was waiting to see what that resistance would show. The bump on both indices as well as the seasonal tendency to have an upswing from now until the middle of the month, I figure what the heck. Have been looking at these two for a while on many fundie factiors. For a technical entry, I am looking for a quick trade (3-5 days ideally). Seasonality + ((1.28 Rule + Prime Lines) + Williams %R) has me thinking about going for LUM at 10.70 and PBNY at 12.25. However both depend on how the opening goes. [COLOR=RoyalBlue][B][FONT=Century Gothic]THIS IS NOT MEANT AS A TRADING RECOMMENDATION AND SHOULD NOT BE TAKEN AS SUCH. I AM MERELY CONSIDERING THESE TRADES, AND MAY NOT TAKE THEM. ANY OPINIONS GIVEN REGARDING THESE TRADES ARE ONLY THAT - OPINIONS[/FONT][/B][/COLOR]"

HappyHarry said: "That's amazing net earnings that Luminent turned in last year."

AlfredSokol said: "Very nice dividend yields also."

Airelon said: "Yeup, even as a short term trader - I like to use some major fundie factors before I take on a trade. Lot of screening usually goes into my 1st stage. Pure technical trading to me is just insane. I like to stack the deck. :) Look for great long term fundamentals, and then look for short term bites when the trend occurs using a technical entry. Then, every once in a while a company like Redhat, where I know something of the field, I can use that same screening process to actually take on some long term holdings. Not sure about todays open. I want to wait until tommorow to see if I take this particular short term trade. Regardless, they haven't hit any of my short-term entry goals so I'm safe atm. :)"

AlfredSokol said: "I'm thinking LUM has a decent DRP. You even get a discount for purchasing stock from the company. That plus a 15% yield while waiting."

HappyHarry said: "The [url=http://finance.yahoo.com/q/ks?s=LUM]operating margin[/url] is incredible. How many companies do over $100 million in revenues with 3 employees?"