I copied here the post from May 17th, where suggestions for entries and OB's were made. Comments and new entries are in bold.
Augie, here are some more details on potential core positions as well as some OB's for other stocks for the next six
weeks or so.
AAPL -- $16/$18 (that is an OB, AAPL has been relatively strong and may withstand the onslaught better than
others. Already did a small entry for $.80 profit, New OB is at $16.10
AGM -- OB $25-$27 (if we get to the $35 and it does not breach later next month, that might be a more realistic entry
point) We already got better prices than $25 and used the volatility and short raids to accumulate around $10/share, current tactic entry between $30 and $31, the new box is $30 to $35, with $35 as a major resistance. If a breach of $30 occurs early, stop at $29.50, if a beach occurs after Wed 6/26, tactic changes to doubling up at $25.87
BA -- low 30's as an OB, $41 first support, to be watched as a possible entry. $41 held so far, wait till late in the week to decide if to get in in the range of $41/$42
CAH -- enter below $65 , $62/3 preferred, with stop loss just under $60. Already took $2.40 and now have an OB at $60.44, if not reached by late next week, will enter according to market conditions.
IGT -- $45/$50 as OB, but it may not get much under $55, need to watch late next month. $55 held so far and is likely to hold, decision on entry late next week.
MRK -- enter "well under" $50, it breached $53 as expected and now $51 is support, better strength recently, but still
think $51 could be breached. $51 did indeed breach, now just under $50 and I still expect a spike to $43 for entry
MU -- $16/$17 (OB), $21.5/2 is major support, if it breaches, then the OB could be reached (not as a "core position") $21.5 indeed breached we hit as low as $18, I have an OB at $16.44
POOL -- enter below $29 In from $27.23, some lucky threadsters beat me and got in under $27...(g)
TYC -- OB $12 (not as a "core position"). That was revised to $12, 10 and $8, many on the thread did the play, I suggested selling at $15 or so and will repeat the same tactic ($12, $10 and $8).
COO reentry in the $42/44 area No change.
MAXF stop loss for existing position at $5.95, will have to see if it is breached and how for a lower entry. Right now,
$6.15-$6.25 could be considered for longer term entries (with the same stop loss) Stopped out and I have an OB at $4.85, consider also as another financial institution FITB with an OB at $60.88.
PII SL on existing position at $68.90. If breached it could drop to $60, maybe even more. Stopped out, will decide late next week on reentry, in the meanwhile I have an OB at $60.77, but may reenter much higher toward the end of next week.
SFD, I expect $18.85 to be breached and will not reenter until it makes new lows, I would have an OB at $14.15. $18.85 was breached, but by barely a buck, keep strategy as is.
SKX , best buying area is just above $17.75, if that is breached it could go down to the $13/4 area where it was first
bought earlier. Gap still open at $19/20 strategy the same
WDFC, a disappointment, still a "value" stock, but like TAYD and others, the market does not want to "pay attention
to it. It seems to be dead money and I would no longer recommend entry, for value investors, if it gets to the $21/$22
one could expect a bounce back to the $27/$29 area. My stop on it is $24.85. Strategy the same
Other OB's are INVN at $12.75, FSTW at $5.85, AETH at $2.85 (did one small trip from $2.76 to $2.99, new OB at $2.47)MVIS at $7.88 OB reached and then some, doubling at $5.05, stop the whole position at $4.5), ELON at $11.75, SNDK at
$10.85 OB removed but entered at $10.58, anywhere just under $9 seems good SL at $8.5, SSTI at $8.15, Removed, new OB at $6.75 but will look at end of the week and may reenter if OB not reachedAW at $9.15, GTW at $4.44 and in the bio's, IDPH at $36.15 this one took some doing to get back part of the loss, new OB at $28.56, IMCL at $8.88 Played that OB with minimal profit new OB at $5.15, very dangerous, only fit for the nimblest...(g), TARO at $18.22, GENZ at $31.45played it few time building a cushion of about $2.5/share, last entry at $19.68, I will double up at $15, those interested may want to use an OB at $16.78, DNA at $29.88 (last time I had an OB at $31.11, the stock traded at $30.75, but they never gave me my bid, it happens), BGEN $35.88, AMGN $42.50 OB was removed and reset at $35.05, played it twice and luckily unscathed and GIVN at $11. did one trip from $11 for a cushion of $.64, back in at $10.80, anything in the $9 to $9.5 should look pretty good, IMTO in the next six to twelve weeks.
Take into account these are "outrageous bids", it does not means these are targets, but sometimes, one gets those
outrageous bids, and so far, most OB's, when "granted" have been fruitful within few weeks of getting them.
Additional OB's, VECO at $18.44, NEWP, 12.10, CYMI $24.65 (A real OB), NVLS $25.75, CDWC $$38.75.
Zeev |
