We'll have a new pick and an update coming along shortly... Meanwhile, all our positions are holding well...
More to come...
James
Tuesday, April 17, 2007
Thursday, April 12, 2007
Sell Solucorp Now
Sell Solucorp.
It's unfortunate, but we must exit this position at at 63% loss. Here's why...
We knew we would be in for a bumpy ride with SLUP, but we couldn't have anticipated how long it would take for the accounting to come out on its past performance numbers... When the audited 2005 report came available not long ago, the company posted a $14.7 million loss for the year.
And 2006 has not become available yet, but it is becoming clear that this speculation has flopped. Best to cut our losses now rather than wait for this penny stock to become a half-penny stock, which seems to be where SLUP is headed.
We didn't use a trailing stop on this position because of the volatility in the shares and our initial belief in long-term prospects for the firm's dry scrubbing technology (designed to lower coal-fired plant pollution).
Call it: SLUP, dead at 2:29 p.m. EST, April 12, 2007.
James
It's unfortunate, but we must exit this position at at 63% loss. Here's why...
We knew we would be in for a bumpy ride with SLUP, but we couldn't have anticipated how long it would take for the accounting to come out on its past performance numbers... When the audited 2005 report came available not long ago, the company posted a $14.7 million loss for the year.
And 2006 has not become available yet, but it is becoming clear that this speculation has flopped. Best to cut our losses now rather than wait for this penny stock to become a half-penny stock, which seems to be where SLUP is headed.
We didn't use a trailing stop on this position because of the volatility in the shares and our initial belief in long-term prospects for the firm's dry scrubbing technology (designed to lower coal-fired plant pollution).
Call it: SLUP, dead at 2:29 p.m. EST, April 12, 2007.
James
Thursday, March 29, 2007
Sell CECO - Lock In 27%
Sell Ceco now and lock in 27%. The stock crashed through our trailing stop today and it's time to take profits.
More in a bit,
James
More in a bit,
James
Monday, March 26, 2007
Move CECO TS to $14
CECO's trailing stop is $13.31 and the stock dipped down into the $14 range in today's trading... Let's raise our trailing stop to $14 to protect our profits here, as it looks like CECO's long, strong run could be weakening with the volatility in the markets.
The stock is just dipping down to its 50-day moving average and is still trading well above its 200-day MA as I write, so it could find some support here especially once the market absorbs this latest - but not surprising - bad news from the housing sector.
ACTION: Move CECO's TS to $14 to protect our profits
The stock is just dipping down to its 50-day moving average and is still trading well above its 200-day MA as I write, so it could find some support here especially once the market absorbs this latest - but not surprising - bad news from the housing sector.
ACTION: Move CECO's TS to $14 to protect our profits
Sell Remaining Bunge options
Sell the remaining BGDP.X Bunge April $80 calls at $3.40 or better, locking in a 44.68% gain in about one month. As we intended, Bunge did break well into the money today and our options have jumped over 40% in one trading session.
We'll take this gain off the table now and close out our BG option position.
More to come,
James
We'll take this gain off the table now and close out our BG option position.
More to come,
James
Thursday, March 22, 2007
BG... In the Money
Well, this morning, Bunge came out of the gate fast and went in the money for about three seconds... While the markets will likely consolidate for the rest of the day, and BG might settle back a bit, I think this bodes well for the price actions viz our April $80 calls.
Remember, we have until April 21 to make money on this position. We'll keep a close eye out. Should BG keep moving in our direction, and there seems a very good chance -- BG being a nice mix of stock and commodity play in this mixed market -- we'll strike when the opportunity presents itself to take gains off the table.
That is, if we're fortunate enough to have them.
Still no word on SLUP, but I will keep you posted.
James
Remember, we have until April 21 to make money on this position. We'll keep a close eye out. Should BG keep moving in our direction, and there seems a very good chance -- BG being a nice mix of stock and commodity play in this mixed market -- we'll strike when the opportunity presents itself to take gains off the table.
That is, if we're fortunate enough to have them.
Still no word on SLUP, but I will keep you posted.
James
Wednesday, March 21, 2007
Portfolio Update, Post-Fed
Okay, Bernanke did what everyone's been expecting for weeks... nothing.
And good for him.
The broad markets rallied nicely, and especially our holdings. Bunge is toying with $80 levels, which would put our April options in the money and let us close out the remainder of our position with a nice gain.
Here's a look at the current portfolio. I will break down all the numbers and our track record since the inception of the portfolio soon. For now, you can see that CECO is our clear champion.
BG 12.13%
BGDP.X 63.33% (today) 4.26% (overall)
CECE 74.36%
KB 23.93%
KEP (-7.81%)
NMR 6.84%
SLUP.PK (-14.67)
More to come.
James
And good for him.
The broad markets rallied nicely, and especially our holdings. Bunge is toying with $80 levels, which would put our April options in the money and let us close out the remainder of our position with a nice gain.
Here's a look at the current portfolio. I will break down all the numbers and our track record since the inception of the portfolio soon. For now, you can see that CECO is our clear champion.
BG 12.13%
BGDP.X 63.33% (today) 4.26% (overall)
CECE 74.36%
KB 23.93%
KEP (-7.81%)
NMR 6.84%
SLUP.PK (-14.67)
More to come.
James
Subscribe to:
Posts (Atom)
