So markets will be closed Monday but I'm still getting set for my stock picks for May 27, 2008. Alot of good bargains to be had. My early predictions for this week are....
ESLR (Solar energy; it's not cheap but it's undervalued, I expect this $10 stock to be a buy until about $13.50)
GE (may be the biggest mistake you've made all year, it's trading close to 30 right now, buy until about 40)
AAPL is still a safe haven if you have the money and still recommended until 210.
LUV (Southwest is the only airline I'm going to consider a buy, trading around 12, buy till 15-20)
VMC (concrete + China = Money...along with steel...concrete is a big commodity...after it's highs, it's come down...wait till the next rally and then buy this monster...consider CX for cheaper deals)
Sunday, May 25, 2008
Wednesday, May 21, 2008
May 22, 2008
Why is AAPL going down?
That's an interesting question. AAPL is a great company. It has great managers and a great product with stores opening all over the world. It's smart and fun and people are worried about it's long term success.
Today AAPL fell to 178.29 after it was climbing to 190 this past week. What a dramatic move! This company is going to release their new products and people are running scared. I'd consider it a buy to 210.
That's an interesting question. AAPL is a great company. It has great managers and a great product with stores opening all over the world. It's smart and fun and people are worried about it's long term success.
Today AAPL fell to 178.29 after it was climbing to 190 this past week. What a dramatic move! This company is going to release their new products and people are running scared. I'd consider it a buy to 210.
May 22, 2008 Evaluating my Picks
Let's get to it. Last time I recommended a ton of stocks. Let's just recap the activity from each.
5 days ago, MRTN traded just below 17 but hit as high as 18.25 on Wednesday. That return would have got you 11% on your investment.
VMC was a beautiful play if you were watching the Chinese earthquake unfold. It's little brother CX also did well. 10% return.
Disappointing me was EGLE. Today it was around 32.50 down from its peak on Monday of 36.
DRYS was up to 115 on Monday...up from Thursday the week at a paltry 105. It's hovering today between 100 and 105.
TK traded as high as 25 after starting the week at around 23.5. No word yet but that upward trade seems very shaky and I do not think this stock will break out soon. Hopefully the market cools down a bit after the Fed's news after rate cut hopes dimmed. It's going to be a rocky summer.
Trading high today were oil prices pushing over 130 a barrel. Today's volatile market is definitely advantageous to day traders and let's the little guy have a little piece of the action. This dampens my spirits when I think about the long term of my V position. Hopefully a ray of hope will come out in november with an administration change.
5 days ago, MRTN traded just below 17 but hit as high as 18.25 on Wednesday. That return would have got you 11% on your investment.
VMC was a beautiful play if you were watching the Chinese earthquake unfold. It's little brother CX also did well. 10% return.
Disappointing me was EGLE. Today it was around 32.50 down from its peak on Monday of 36.
DRYS was up to 115 on Monday...up from Thursday the week at a paltry 105. It's hovering today between 100 and 105.
TK traded as high as 25 after starting the week at around 23.5. No word yet but that upward trade seems very shaky and I do not think this stock will break out soon. Hopefully the market cools down a bit after the Fed's news after rate cut hopes dimmed. It's going to be a rocky summer.
Trading high today were oil prices pushing over 130 a barrel. Today's volatile market is definitely advantageous to day traders and let's the little guy have a little piece of the action. This dampens my spirits when I think about the long term of my V position. Hopefully a ray of hope will come out in november with an administration change.
May 21, 2008 Bought 24 Shares of V @ 81.85
My most recent buy was Visa. I tapped hard into the financial sector today with some losses by the end of the day. At close, Visa last traded at 80.85. I'm in the red about 40 bucks but I bought right around the closing price so I do not see how I could have done better.
Since this was the first trade of the year and probably a long ride, I'm sure that the company will be in streamline mode by the time announcements are made in September.
I was kicking myself about why I didn't wait till the nearer to the end of the trading day. However, based on available research, this stock will go up in the long run so I bought in as my long play.
Bank of America (BAC) is also an interesting play. Trading at 34.63, it is well positioned in my state and will likely be able to muscle its way through the housing crisis. The government really needs to step up and revise the bankruptcy code so that people don't have to go into foreclosure. Read something on NYT about people in Miami condos having to mow their own lawns and association fees that would make a lower manhattan apartment look cheap!
Waiting on another money transfer tomorrow and will act on one of my gut picks from my research. More on that tomorrow.
Since this was the first trade of the year and probably a long ride, I'm sure that the company will be in streamline mode by the time announcements are made in September.
I was kicking myself about why I didn't wait till the nearer to the end of the trading day. However, based on available research, this stock will go up in the long run so I bought in as my long play.
Bank of America (BAC) is also an interesting play. Trading at 34.63, it is well positioned in my state and will likely be able to muscle its way through the housing crisis. The government really needs to step up and revise the bankruptcy code so that people don't have to go into foreclosure. Read something on NYT about people in Miami condos having to mow their own lawns and association fees that would make a lower manhattan apartment look cheap!
Waiting on another money transfer tomorrow and will act on one of my gut picks from my research. More on that tomorrow.
Wednesday, May 14, 2008
May 14, 2008
If there was any good news from today, it's that the oil prices are not infinite. I was surprised to be reading in the New York Times that refiners are finding it hard to pass on the their raw crude costs onto us (the consumer). It doesn't take a genius to figure out that the more expensive gasoline or diesel the more they won't sell. Unless they limit their supply, they just can't get around the rising crude inventories.
May 14, 2008 Stocks Rally!!
Stocks rallied today after over a week of higher oil prices. The one surprise was AAPL which pulled back about 2% at the closing bell. RIMM and the new Blackberry are really taking it to the ipod. However, I believe this loss might be the best opportunity to jump on apple after it's weeklong gains.
DOW was up 66.2
NASDAQ was up 1.58
S&P was up 5.62
It was a sigh of relief on Wall Street and perhaps a sign that we might be pulling out of this sticky recession.
DOW was up 66.2
NASDAQ was up 1.58
S&P was up 5.62
It was a sigh of relief on Wall Street and perhaps a sign that we might be pulling out of this sticky recession.
5/14/08 This Weeks Winners
This is my list for this weeks winners.
As after hearing Cramer last night, I'm going with ocean shipping stocks.... You have to think...how are they going to be able to rebuild all that rubble in china without slowing down their booming economy. Here's a list of this weeks hits:
OSG
RIG
MRTN
VMC
TGP
TNK
GNK
TK
DRYS
EXM
EGLE
AAPL ***
***I also would throw in the cup and handle I see forming on AAPL. This is an obviously great choice as talked about on www.thestreet.com Apple is going to peak over 200 next month after their big announcements and upgrades for their products. If you have the money then invest in this opportunity. Believe me, I've been struggling to find some good ones this year :(
A good way to track your portfolio is by going to or searching for this website... HERDST.COM There you can easily play around with a fictional amount of cash and see how you would fare over a set amount of time. I find it's hardly used, but pretty cool.
Check it out!
As after hearing Cramer last night, I'm going with ocean shipping stocks.... You have to think...how are they going to be able to rebuild all that rubble in china without slowing down their booming economy. Here's a list of this weeks hits:
OSG
RIG
MRTN
VMC
TGP
TNK
GNK
TK
DRYS
EXM
EGLE
AAPL ***
***I also would throw in the cup and handle I see forming on AAPL. This is an obviously great choice as talked about on www.thestreet.com Apple is going to peak over 200 next month after their big announcements and upgrades for their products. If you have the money then invest in this opportunity. Believe me, I've been struggling to find some good ones this year :(
A good way to track your portfolio is by going to or searching for this website... HERDST.COM There you can easily play around with a fictional amount of cash and see how you would fare over a set amount of time. I find it's hardly used, but pretty cool.
Check it out!
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