Well FOSL gapped away plus $3. TSLA has been hovering around $25.90 down 2%. the problem here is it dipped earlier today pretty quick closer to $25.00 and there I would feel more comfy since $24 is a layer of support as well. I may be a little tricky here waiting, but I'm hoping for about a dollar cheaper @ $24.90 area. ....so of course I bought 2000 Chelsea Therapeutics CHTP. @ $5.27ish - reasons insider buying - good completion of study - 2 drugs in pipeline - 1st qtr 2012 story. - high price targets - great chart recent volume indicates a move to $8.00 is eminent. ~stoney
Hallo Mates! & Gals! Well, down the home stretch we come here as the summer and the summer rally are set to begin. This thread will take a multi week vacation starting July 1 as my kid attends a summer camp in Ct! I will re check in around early August and we will make adjustments to the Elite Portfolio before my 2 week beach vacation in Fire Island! It's a tough to find a paying job with these hours! It's either private investor or school teacher or Football Player not many other jobs afford most of the summer off. You can feel the beginnings of a China rally about to take place. This Paulson dude getting wiped out and selling out; the steady earnings from RENN and the DANG CEO on Tv yesterday saying they have used a top tier accounting firm for 10 years, the recent action in HRBN which is really weird. basically a rich CEO got fed up and said he would take the company private at a much higher price and some shorts got sqeezed... all of these are signs of change, of Chinese corporate bigs getting fed up with the attack on their stock prices. Goldman is the bull on China and they put out another report just recently. The stk to buy I believe is CAMELOT. CIS. why: - It's a back end to the banks, software, IT build-out type of co and the recent troubles at LFT Longtop should result in more business for Camelot. Goldman was the underwriter so maybe an upgrade in the future as we know their stance on China in general. vague takeover rumors, have used Deloitte & Touche since 09' as Auditor. -Camelot Information Systems, Inc. (CIS) is a leading provider of world-class business solutions and IT services to the top 500 business corporations and financial institutions in mainland China, Taiwan, Hong Kong and Japan through a network of 28 regional/local subsidiaries. Over the years, Camelot has been actively expanding its solution and service offerings through sustainable investments in developing proprietary solutions and establishing strategic partnerships with leading international IT product providers. - I don't know about you all but I like Barclay's research when I can find it. I don't know why, being British I think helps, it comes with some grave clarity and less home team rooting. That's the vibe I get anyway. This recent research report I like because it's the type that is issued after an actual visit to the plant which is more than a lot of these desk pirates do these days. -June 15, 2011 1:20 PM EDT Barclays reiterates an 'Overweight' on Camelot Information Systems (NYSE: CIS), PT $23. Barclays analyst says, "Over the past two days, we had the opportunity to host CIS' CEO, Simon Ma, and CFO, Gordon Lau, for meetings with investors in New York and Boston...Throughout the meetings, management indicated that it sees opportunities to gain share from the recent issues at its competitor, Longtop. We believe CIS has strong practices in key areas of investment by banks, with the ability to expand over time in areas where Longtop has traditionally had strength. Importantly, management signaled a strong affirmation that it considers shares meaningfully undervalued, and suggested that the company would be open to exploring various uses of capital and strategic alternatives if the share price continued to remain well below its view of CIS' strategic value. While day-to-day sector volatility can make an entry point difficult to time, the meetings reinforced our belief that CIS share price reaction to industry issues has been overdone, and as the company continues to report solid quarterly results over the course of the year, with consistent disclosures and transparency, we expect to see a positive correction in valuation." Ok CIS is $14.75 now and here is the mild take over chatter- CitiVentures I believe to be a venture fund, they bought a good company I know Ness Tech. The Susquehanna analyst that covers CIS suggested the head of CitiVentures was NOT done buying Co's and in fact one top Citiventure executive , Ajit Bhushan, already sits on CIS's board. At least Susquehanna thinks a takeover could be forthcoming. Their Price Traget $ 21.00. lastly, Camelot reported financial results for the first quarter ended March 31, 2011 with net revenues increasing 51.7 percent year/year to $53.6 million, compared to $35.3 million in the first quarter of 2010 and adjusted diluted earnings at $0.10, as compared to diluted earnings of $0.09 in the first quarter of 2010. On May 20, 2011, the company announced that it renewed its contract with IBM for an additional four-year term relating to the delivery center, developed by Camelot and focused on enterprise application software and services. Mr. Simon Ma, Camelot's Chairman and CEO, commented, "We are pleased to report a strong start in 2011, with first-quarter results exceeding our revenue and earnings guidance, even though the first quarter is seasonally the slowest for our IT clients. We expect the pace of deliveries to PICK UP in the second quarter and to accelerate in the second half of the year, which is consistent with historical business patterns." >>> So here we get a glimpse of the next earnings to come in... indeed we have a lot of good info to work with here and that is how a good investment is made. *Also in May, Camelot announced that its Board of Directors authorized a share repurchase program of up to $20 million running through the end of 2011. The repurchases will be funded from the Company's available cash balance, which was $118.9 million as of March 31, 2011. The other stock that interests me today from our Watch List is IPGP @ $62.00 & stil watching TSLA & EXPE. ~stoney
IN IPGP. $62.60! Opened flat and then exploded. IPG Photonics Corporation (NasdaqGS: IPGP ) Real Time64.29 2.29 (3.69%) That's the way we roll. Will tackle SNCR this afternoon apparently there is a Goldman report circulating that I'll get my hands on later. peace ~ stoney
****** 10 NEW BUYS ******** SPECIAL EDITION BPBP REPORT *********** Folks, I thought I'd go out with a bash in this thread. Although none of you have seen fit to offer me 4 STARS for my efforts, for my good humored commentary throughout the world's most basic correction that everyone pissed in their pants over, for giving you great ideas and indeed a few winning trades. I could hold a grudge but I don't. In my own personal life today is a big day. It's a day that I either attack my hedge fund managed account with Ten of my names or I spread them out over friends and family to make my self feel better. I'm in a bit of a self destructive mood lately, I've got this ongoing ankle melodrama, I'm coming off a birthday which indicates that I'm getting old, I had a kid fairly late in the game so I've been thinking about not ever being able to see him at the age I am now and crying at my desk. Fun stuff like that. A couple fights with the wife and a huge one with Mom in which I finally told her NO! EVEN if you live right next to me (she's threatening to move into my weekend town in the woods) I WOULD NOT SEE YOU ANY MORE NOR WOULD YOU SEE YOUR GRANDCHILD SORRY! From there I ranted more about myself but she shares these faults I said something along the lines of you have to stop moving (3rd house 5 years) to find happiness and friends; you will always be alone like me... something dark like that (Harry Crosby is a relative) ... Anyway when I go dark I go really dark. And I've had some trouble managing two of our holdings GTXI some lots sold at a a gain, some sandblasted by a secondary & NXPI maybe a too risky hold... Anyway.... with all of that in mind.... I've decided not to publish these picks, not to get paid for them... no that would be too easy and I'd have to use a different name... all of these Powerhouse Stocks have been screened several times for everything you could imagine. If I was starting a high octane portfolio today I would use these names. ********* FOR ET EYES ONLY ********* and transposing of verbiage from this moment on including electronic transfers through web portals is distinctly forbidden. 1- TZOO. Alright even an middle aged guy has got to clue into one of these damn new ideas except the obvious- Facebook. Clipping coupons is as old as the trees but here is a fancy new electronic model that is branching out both overseas and locally. It's a buy where it is now @$61.00. 2- QLIK. This is a chart story and a very high PE story I have been unable to buy it for those reasons but I watch it all the time and it's so darn strong. In this whole decline it didn't budge! Certain stocks just tell you to buy them, this is one. When you read what they do it sounds no different than a million companies helping other companies get more productive but the QLIK software & back office products appears to save companies money. QLIK is a Buy where it is now @ $33.30 3- SNCR. Strange recent action by Deutch bank to put it back on a list after just ten days before removing it! Followed by a GS report... bit of smoke here. Good looking stock for now @ $ 30.50 4- RPXC. The patent protect company has rebounded nicely from GS downgrade. Interesting business model and a fun company to do DD on with strong earnings potential. RPXC is a buy a bit lower than it is now @ $27.00. been moving lately on eh volume. 5- UA. I actually put it in the ET portfolio already at $68.00 but a miss communication with my guys over a Cabella & UA purchase left me with only CAB. UA still a stock breaking out right now @ $73.50 6- TSLA I like the strong on balance volume here although I'm hesitant of fad stocks. Big insider buy buy the CEO and a round of financing out of the way... this seems like a can't lose pick and I'll be buying this one today @ $27.70 7- CRI in a word boring. Carters with Buffett in their agitating. safe. Sometimes you just have to fill out a retail position. Use CRI @ $31.00 8- HOTT more retail here and with a kick ass dividend. @ $7.40 9- FOSL WINNER Monster stock of the year award.... We did miss $106- $109 but we got $109 to $114!!!! Giddiap. In ET Portfolio already and traded once already! This is the retailer to own. The watch is in. 10- EXPE a chart strong name that even inched up when they lost a huge Eurostar contract! Really impressive and with a Trip Advisor spin off coming! Expedia is a buy right here @ $28.30. >>> There you have it folks. In reserve should China rebound we have CIS FMCN >>> On an entirely different note I have been challenged by someone to come up with an stoned and effective high yield strategy and I've already been thinking that way because my Big Picture feeling is Dividends are going to play a much larger roll in this market from here on out or at least until we outlaw the Index funds and the Cheetoes those cheesy Flash Traders. So at some point this summer or next fall or at a Greek default look for that here at ET. I can honestly say I've worked my ass off for you all. Now Go Buy Some Stocks ~ stoney
The stone eagles have landed. What a pain in the ass to get them moved down from Hudson NY. 3 men and a lift and they said it was awful heavy. They are apparently sitting in and I'm hoping not blocking the driveway of my weekend retreat in the country. Just how I am going to move them from where they are, down into the field is some of the conversation at breakfast this morning and presently I have no idea. There is a lesson in all of this I am sure. Ok. I go away now for 2 1/2 weeks. I have alerted you all to the myths and false illusions of this supposed correction, I have guided you through the fall with new buys and predicted the bounce to the day, now please don't blow it! Creating buy thesis ideas in such a dreary market is no easy task, I'll tell you that. Because I will be away from a computer for a couple weeks we are now selling some names. This is part of the process, hopefully the research that went into the non performing names will bare fruit when we are away. SELLING 11 or 12 names- >>>>>> IPGP - $62 to $72. Reason. I like $10 gains. AVGO- $33 to $38. Reason. Only sell in fast money accounts. I am holding in my larger account. GLUU- $4- $5.25. Reason. Small stocks are petering out. ZAGG- $9.20 - $13.50. Reason Had it's run. FOSL- $ 92- $117. Reason. have been uncomfortable with high purchase price, always a swing trade. QLIK- $30- $34. Reason. valuation here is just plain scary. EXPE- $27- $29. Reason. I got scared off when the telly pointed out that the stk has had a 20 plus % run since they announced their Trip Advisor spin off plans. Sometimes when you follow a stk each day you lose the Big picture-- which in this case was that i was fairly late to the party. RPXC- $26- $28. Patent protect stk was a bounceback play from GS downgrade. Should of had a buy in the $24's screwed this one up. UA- $68- $77. Reason. I like near $10 trades. EBS- $25- $22.50... just a slow drift down here. MELI- $79- $79.... just not moving at all. Should of bought TZOO. TSLA- $27-$29... Moving as slow as an electric car. >>>>>>>>> Ok' what stocks are we happily holding and which are we unhappily holding-- KEYN & ARBA have not done anything however they were purchased in the very teeth of the 7% fall so I'm giving them time to get their footing and for their investing thesis to play out. NVMI & SGMS... Like both of these names long term. MYGN-- Right where we bought it we'll give it one more month. CNTF-- Real bugaboo stk here. Chinese so we got smacked the problem is I was up over a buck from purchase and failed to sell... so some mismanagement here on my part. Holding. GTXI- To be 100% honest I didn't include this stk above but I did sell a good amount of it for a large gain but here again in my personal I got sloppy and so i am the only one who still owns it after a secondary announcement. Holding unhappily. CIGX- In at $3.90 and the stk still looks good at $ 4.50 VICL- In at $4 went to $4.80. Still in at $4.00. I like this baby bio. IMMR- 8.00 Flat. Hold this stock. GSM In $22.60. Flat. Impressive chart hold as a commodity play should have a big 2nd half. CAB- In $24.40 Now $27. earnings are July 28. High End Retail is in but what of high endish guns and fishing stuff? ICON- In $22 now $24. Worlds most boring stock but it works. CHTP- Just bought last week flat. UNIS- Still $5 alas, but I am holding to my end of year prediction of $10! NXPI- $29- $27 Recent buy. Holding. >>>>>>> Take a moment to peruse the list my friends and understand that all of these buys took place DURING THE CORRECTION WHILE MOST OF YOU SAT ON YOUR HANDS AND WATCHED THE TERROR MONGERS ON CNBC TALK ABOUT GREECE EVERY DAY. Also note that losers are almost always flat and winners up quite a bit-- that has been a hallmark of my style for over ten years after I switched to the new system. As I take leave today, I do so with a fully stuffed mattress and a good amount of love in my heart. Love for you all ETer's who took the time to read and indeed invest along with me and love for endless mother nature who I will now celebrate. I will check back in, late July, early August and we'll see how our remaining stocks fared. The one name I have not bought but might on the way out the door is Camelot Info, CIS and the more I think about it-- I may hold on to MELI. That's a wrap for now folks. If you could keep this thread relevant by adding some STARS to it, that would be great, because I'm looking around on Elite Trader and elsewhere and I don't see anything as good anywhere. ~stoney
Right back at ya drsteph! Update. When you get back from some time off buying stocks is rather easy you simply check at your watch list and buy the ones that have gone up in your absence. Going by degrees you either risk a fast mover or take a better slower chart set up. I chose the latter buying CARTERS yesterday for the Elite Trader BPBP Portfolio and for myself. BOUGHT CRI. $32.50 A lot of times a stock that is getting the crap beat out of it will right itself simply by announcing a reporting date. I believe that process is unfolding with Camelot. this is the Chinese play profiled in this thread. I am taking the gamble, with all Chinese stocks, it IS a gamble... Today I bought CIS @ just under $13.00. BOUGHT CIS. $13.00 Update 2. Stocks that are on Watch List for This Week are: QLIK- rebounding from jeffries downgrade, a bit too sexy for me. GMO- Finally got their water rights this is a rare earth play. TSLA- We sold it but it's hanging around. RPXC- We sold it but it's hanging around. SNCR- tech stock about syncing crap. FMCN- This is a strong Chinese stock if there can be such a thing. I panic sold at $26 like a woos. It's $31.91. This is not a good situation to be in. SPRD- always a favorite China go to play. Update 3. I sold CAB for a 9% gain to buy Carters. >>>>>>>>>>>> Ok we are caught up. Unfortunately for me I have received an IRS letter in the mail and I am an incredibly sloppy record keeper as you can imagine. This has forced me to dive into boxes i put crap I don't want to deal with in and as such I'm pretty darn depressed, having spent the day unable to locate medical records but finding my speeches for my dead friend, my two grandmothers, etc. My dog's surgery records (he's still with me than God) but those records indicate a 50% survival rate for 1 year which we just passed... My brotherinlaw's phone number, we haven't spoken since his divorce, The MRI appointment I didn't keep...it goes on and on. I hate boxes. My plan is to come back to this thread IN THREE WEEKS AND CLOSE IT! At that time we'll take a look at what to keep and roll over into whatever market conditions greet the end of summer. I will tell you how the Giant Stone Eagles from the Dominick Dunne estate worked out and we'll dish on the fed and politics a bit I'm sure... Then I hope in early September to bring forth a 2nd BPBP report which may be a special high dividend edition.... or it will just be more of this manic stuff. I hope you all are having a great summer run, if you have kids I hope you get that second wind I'm looking for and if you have a favorite dog or family member who's sick give them a belly rub or a kiss whichever is appropriate. peace~ stoney
BPBP Report* Wed. Morn. Howdi guys and gals, it's so hot here in the city I am typing in my underwear. This brings back fond memories of markets past as indeed some of my best days where had dressed only in me drawers, sweat glistening down my back: Why does this freak chicks out so? If it's hot enough you can almost turn investing into a sport. Due to my time away from the desk I've had the misfortune of watching more CNBC than usual. Watching CNBC has been like watching the Hindenburg burn over and over and over again. The Simon Hobbs affair' I guess some producers have it in their head that if they provide a commentator with a British accent us stupid Americans will give the speaker some amount of gravitas. So in comes this little dolt who knows absolutely nothing and because he has an accent he's called upon to give views on stuff " European. " As Hobb's profile limped along Mark Haines died and there among the grieving suddenly was his one year partner in Hobbs... it just didn't look right and it wasn't. CNBC pushed Hobbs forward some more to the point where he was just frantically reading off a teleprompter in an effort to catch up..... Then he said that word.... " Patent " He was talking about a company that deals with high tech patents but his pronunciation was straight from Mars with an emphasis on the beginning of the word: Hobbs said " Paa....Tent "..... whoever he was with rolled their eyes and the show went on.... Then the breaking story on Bucyrus....... I won't even try to explain the effort here by Hobbs, it's a tough word I grant you but he mangled it and what's worse the show bogged down and he revealed he had no idea what the company did.... and that's the real problem. In Comes Cramer! Desperate now and with ratings sagging, CNBC waked Cramer up early and pulls his charlatan routine into the mainstream and attempts to hoodwink the morning vieweing audience.... It doesn't work. A couple days ago Cramer said.... " Don't buy " He didn't trust the market sometimes it's " Ok not to buy. " Flash forward THREE DAYS AND Cramer is pumping away, if anyone of importance actually listened to this idiot they world would be in a heap of trouble.... His poor empty headed minions.... Anyway today the earnings beats the European debt stuff. They are telling us that earnings win. I'm afraid this probably means the opposite is true. BUYS: I'm liking the US Bancorp earnings! Looking into that play. I'm watching MOVE a $2 stk not recommending it but Zillow goes IPO today may rub valuation niceness MOVE's way. I'm watching a holding for movement ACTG as another (say it Simon! ) Patent stock got bought today by Google. ACTG looks to open down so I'm worried. Patent love may goose RPXC and not ACTG, I may have to switch horses after a great run in ACTG. Two Stks that have appeal here are SourceFire FIRE & IPG Photronics (again).... Putting together a game plan... back later ~ stoney USB MOVE ACTG RPXC FIRE IPGP
alright still no food and about to pass out. I do want to have an earnings play and one that is not Chinese and coming back from the dead--( recently bought CamelotInfo Systems CIS) So after stock surfing all morning I have for no particular reason alighted on French 4G maker SQNS. I remember it going up fast in the past as it topped out at $19 with lots of hype and initiations and higher price targets.... with everyone lured in, the stk of course retReated to $15.00 where it is carving out a real nice post IPO power base. These guys rely very heavily on 1 cell phone outfit HTC so that is a danger but they are in the sweet spot 4G and they most likely will kill the number. Buying 600+ SQNS @$15.00. I like the stock to get back to that $19.00 level after earnings on July 28. Alright folks my work is done here, I have purchased a few new names, pruned some static ones and I can go away now for 2 weeks and hope for the best. I sold ACTG $29-$39 unfortunately although talked about in this thread, this was not officially in the ET portfolio it was an older holding of mine. When I return I will CLOSE THIS THREAD-- decide what to sell and what to hold for any future amount of time and why... we'll go through all the names again. Then 2 weeks mid-August at the beach on fire Island to clear the mind with no stocks on watch list.... it is summer after all. The market should correct at that time. ~stoney RECAP* This weeks buys were: Carters CRI @ $32.50 Camelot Info CIS @ $12.90 SQNS @ $15.00