Using The Market To Your Advantage-EBIX

Discussion in 'Stocks' started by stonedinvestor, Nov 10, 2010.

  1. Hi me again... must get that cash down to 7% so watch this one folks!!!

    EBIX is a great company that serves the INSURANCE industry with tech stuff. They have most of the accounts. They are a very strong growth stock and an IBD darling!
    You know what happens to those names....

    Well I eagerly awaited earnings yesterday which were good but included a 50% rise in costs... the stock actualy opened up! And then was consumed with selling that then became exasperated I'm not sure that's the right word... the sell off increased as 2:00 big boy selling hit the market and then again today as Yahoo Finance types flee the name based on vol surge....


    Alright yesterday this name peaked @$28.20 ticking up from the open of $27.80 then down to $25.00 and then down again to $23.00... That's close enough to my buy zone ($22.75) so with some added info from the hedge fund I'm In!

    What is that info?- Insider selling TODAY (live info folks) as converts convert to equity creating tax liabilities... not exactly sure what that means but I got this next part: " we like the name and expect this to pass quickly."

    Ok Two names, ASYS & EBIX; one a this week earnings play on solar growth and the other a just past earnings catch on the plunge of a super high quality tech name...

    All of this did not happen overnight folks. Each morning at 5:30 I cull my watch list and narrow my ideas down to the very best ones for me... 4 names usually and then still the market has to help create the prices which it just has...

    That is two lessons in using The Market To Your Advantage. ~stoney
  2. Up a grand here in a few hours you day traders that surf my coattails can take that.
    I'm looking for much more.~stoney

    plus $1,000.
  3. Something doesn't pas the smell test here and I don't mean my feet.

    This position is only up $2 when it is the type of stock that should be up much more.

    Sold @ $25.00. ~stoney