I don’t think we should read too much into this, but then again, I don’t think we should overlook this and what it means either. What I’m talking about is Voyant International’s (VOYT) presence at this year’s World Airline Entertainment Association (WAEA) Conference and Exhibition. It’s taking place this weekend, and Voyant will be featuring Aviation Broadband at the show.

This is ‘the show’ when it comes to add-on services and ancillary products airlines could add/outsource to their current revenue-bearing offers. Most of the major airlines - and their decision makers - will be there, so this is a great opportunity for the company to start penetrating the market. In the meantime, the finishing touches are being added to the actual link-up technology.

Obviously Voyant won’t be walking away from the show with a check in their hand. They will, however, be planting a lot of seeds.

Philosophically, I have to think this is a sign of comfort with what Voyant has to offer. I can’t imagine these guys going to a major show and presenting something they didn’t feel would be deliverable. And don’t forget, the most recent test of the system was successful.

Anyway, just wanted to keep you filled in on the latest. Not a big deal for right now, but I do see the contacts being made at the conference turning into customers down the road.

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I don’t know if any of you guys noticed this, but last week (and pretty much today) telecom stocks led the race. They’re up 2.5% today, and higher by 3.5% going back to the beginning of last week. That’s second-best (of nine sectors) for both time periods.

I’m not quite sure what to make of it. I don’t disbelieve it, but of all the groups I would have expected to make a run, I don’t think I would have put telecom on the list. Nevertheless, that’s what we’re seeing. If there’s a chance of a breakout, then I’ll keep tabs on it.

I’m specifically looking at the Dow Jones Telecom Index (DJUSTL), but most of the telecom indices look the same. Despite my skepticism, in retrospect I really do like the shape of the chart. Take a look at the gentle turn-around…a ‘U’ shape, which is the kind of reversal that has a little longevity. Even more interesting is that the recent bottom was also a low from the middle of 2006.

Applying Fibonacci retracement levels, there’s a logical profit objective for the Dow Jones Telecom Index at 158, and then another one at 173.

By the way, telecom was one of my bullish bias picks from August 25th - proof that a watchlist helps keep track of opportunities. Had I actually been watching my watchlist the way I should have/wanted to, I would have caught this strong performance several days ago. Nevertheless, I think this trend is still taking shape.

I also mentioned on the 25th that I’d dig deeper into the sector and find the leading industries, and then find the leading stocks in those industries. I haven’t forgotten - I just haven’t had time yet. I’ll get to it this week, so be sure to stay tuned to the blog. If you’re only interested in the sector, then the Telecom HOLDRs (TTH) are the way to go.

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