RACK has gotten hammered lately for no reason leading up to the conference call. I have already got 150 shares from when I . LIKE USUAL, that trade turned into an investment when it started going down. I have confidence in this company (for some reason) as it has gotten hit so hard the last few months. After the major dip these last few weeks I think it will look cheap when they announce just OK numbers. There is also rumor that they will be bought by DELL or some other hardware company.

    I haven't traded one earnings announcement this earnings season, so I think this is a fair one to trade.

    I bought in another 150 shares at $11.50 just minutes before the closing bell. This takes my average too $12.25. I easily think it would pop above that off OK earnings.




    I have been following JMBA for a long time and have written about it before. For absolutely no reason it has recently taken a MAJOR hit and is looking like an amazing buying opportunity. JMBA is right back to where it was before SVI even announced they were even going to buy Jamba. There has been no news AT ALL and the stock is just taking out of fear and because the market is taking a crap. The company is growing at about 30% and will soon be coming out with products in stores across america (just speculating here, but they are going too, trust me)



    I am going to buy in half a position here and see what happens. If it goes lower I will buy more. The lowest SVI ever got was $7.02 so if it ever gets near $7, I will back up the truck.




    GOOG didnt pop back like I had expected. There is a lot of buzz around them right now but nothing that I can see as a strong catalyst any time soon. I sold those 10 shares today partly because I was scared it would tank, partly because I don't like having so much money tied up in 10 shares of a stagnant stock. I sold at $500 even losing $100. If I wouldnt have sold out of fear I could have sold over $510 the very next day. I have done it too many times, selling out of fear is always a bad idea. At least I can notice it and hope to learn from it.




    While the market has been getting hammered it has taken FMCN down pretty significantly. FMCN is THE advertising and marketing firm of china. Word is they will get a TON of clients for the bejing olympics in 08. I think this will be a great long term investment down here. I am going to buy half a position here and more after I see what the market is up too.

    I bought in today @ $41.50.





    Noticed today that I got payed a $15 dividend from Nintendo. At thee same time I was cahrged a 7% "foreign tax". WIERD. I dont even own it anymore. Part of the reason i sold it was because I never knew what was going on with it. I never got good news and I could never watch it trade. It was a good stock to own while I had it, but I would rather invest in a company that I can trade actively. I think I am going to stick to stocks trading on the american exchanges.








    Here is Andrew Hunt (On The Lot Contestant) filming his short film. I got VIP access to the shoot =)














    Tried to make some cash off HOKU today but not much action. This stock is super volatile which is great for trading. Problem is, sometimes it is hard to get shares for shorting.
    Todays trade:
    Short 400 shares @ 7.08
    Covered 400 @ 7.00 at the end of the day.



    « Previous1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Next »

    Get notified next time I post. Three ways to subscribe:
    RSS Email Twitter

    © 2009 BrainBackup.net | All Rights Reserved.