Today Cramer was pitching a company called Given Imaging(GIVN) for his Speculation Friday pick. These guys are actually convincing doctors and healthcare providers that they need a pill cam. Yes, as in a camera that you swallow. I love how it has the logo imprinted on the side of it, looks like a promotional product! Check out the website too, looks like a scandalous company trading on the pinksheets. I can't imagine a doctor prescribing their patient to swallow a camera. If people are actually benefiting from this then thats great, but honestly this seems like a desperate attempt implement imaging technology.
Sold my NVDA today for a nice 15.68% gain. I bought it on the 13th @ $37 and sold today for $42.80. If I dont sell after making 15% in only 6 market days then im getting too greedy. I could have just sold part of my position but I am confident I will be able to buy back in lower. The stock was up almost 8% at one point today because of an analyst upgrade. They set a price target of $47 so I think investors will look for it to reach there in a few months. In the mean time I would rather sell into strength and book this nice pop today. I will probably look to get back in on a dip.
Watching a stock run from under $1 to over $30 is an amazing feeling... if you own it. I have been watching Jones Soda stock since before I even started trading. I couldnt believe that a little company like this was even public and back then it was trading at about 40 cents. I knew penny stocks were risky and I stayed clear of it.
With the AMAZING run Hansens had last year because of its monster energy drink investors have been chomping at the bit to find the next great soda story. Thats exactly what Jones has. They recently signed a major distribution deal, started selling cans for the first time, switched to ALL real sugars (went green?), might be expanding into fountain drinks, just signed a deal with the SeaHawks to be the official beverage etc. Its a great story of the American dream too considering some kids started their own soda company printing their pictures on the bottles.
Now the company is worth about $400 million and is sporting a PE near 100. JSDA ran $20 or 200% in the first 4 months of the year. When it topped out at $32.60 investors absolutely destroyed it. After coming back down to $15 and bouncing off the 200 SMA I think its time for me to give it a try. What the hell right, its never too late to try.
Back on March 7 I bought into Petro China at $112.05. The oil sector was booming and the DOW had just come out of one of the worst days in history. We lost 250 points in one day over a China "Scare". PTR got hit hard and I saw this as an opportunity.
This stock had been on a straight line up since it came public. What were the chances of it reversing? How much lower could it go than this? It had just broken through the 200 day moving average on significant volume because of the China thing. Usually I would see this as a negative sign, but on a stock that had been going straight up like this, It just looked cheap!
Quickly we went up and bounced off the 200 (#1) but the support held on the way back down (#2). When it busted through the 200 about a week later(#3), I knew I was in the right place. All we needed was a catalyst to send this stock higher.
On May 5th the Chinese government announced that they "found" a ONE BILLION TON oil field off the coast (#5). Hey!? Where did that come from?? The stock shot up $15 to $129.80.
I was looking for about a 10% gain and there it was. I sold off on May 30th at $127.85 because I wanted to book the profits. Yesterday PTR closed at $142.65 a cool $12 up from where I sold it only a month ago. This morning PTR opened at $150 on some news about it selling its shares on the Shanghai exchange.
Looking back I could have easily made 20% on that trade instead of 10%. Why did I sell? They had just made an incredible "discovery", The stock just exploded past the 200 and 50 day simple moving averages and the MACD just converged positive. Sometimes its better to just be patient and re-analyze the stock before pulling the trigger on your plan.
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Today Cramer was pitching a company called Given Imaging(GIVN) for his Speculation Friday pick. These guys are actually convincing doctors and healthcare providers that they need a pill cam. Yes, as in a camera that you swallow. I love how it has the logo imprinted on the side of it, looks like a promotional product! Check out the 
