*AV* Re: List in repsonse 2678
For those that have made a copy of this list, which had me rotating out of my 40% or greater stocks, please be aware that I rotated out of 2 more of those stocks this morning: ASYT and DIMD
DIMD in 11.875 out 16.875 (42%) error- confirm back at 16.5(38.9%)
ASYT in 17.25 out 26 (48.6%)
I will be back in these as they retrace some of these gains but I wanted to make sure they were officially strickened from the list. Now we have 12 of 32 that I have rotated out of.
ASYT was on the Super Bowl list published on Sunday. But after it moved to 22.875 on Monday (up 2) and then to 26 this mornning (up 3), I could not let this gift escape.
ASYT released earnings for quarter that showed a $2.21 loss. Al their financials look good except for this loss. Loss is attributed to shutting down the Proconics/Asyst Automation segment of their business which was dragging them down. It was a stupid acquisition and they just got around to rectifying it. Second was the cost of purchasing a software company to complement their smart traveller product(which was a good thing). Trading was halted yestwerday on Asyst and it was a madhouse this morning determining the correct Bid/Ask for open. I think at 8:45 EST it started at 21/22 then actually got to 26.25/25.75
(no typo here people). Momwents after the open, I took my 26 and "Hasta la vista".
Sorry I could not communicate sooner but as you all are aware, the SI went down hard and I gave up at 12:30 am EST.
ASYT was a major holding for me so now I am sitting on even more cash.
So here goes what the plan was last night and what was executed this morning.
CRUS- hit 15 and I am in.
IDTI- no confirmation but trying to get in at 10.125 or better
CHPS-okay I am a sucker but more at 13.5
CIG - 23 looks as if it is the absolutew bottom. Got in and will wait for Spring to late Spring for return on investment. This is a May to Sept investment.
NSM- up 1.625 yesterday. I am tempted to take the 6% and run but I won't.
NSCP is getting very close to a buy in point for me.
CFMT is coming down in price ($25.5) off from last week's 30+. As soon as the secondary offering news settles down and a stable price is reached, CFMT and I become friends again.
ONTK is at 22.5 and if it dips a little lower, "Hello my friend!!!"
For the Las Vegas gamblers that are IOM crazy, what about SYQT. The have a competitive drive to the IOM Jazz, stock is trading at 52 week low (<$4), is on the brink of choas(IMHO), has a steamshovel plowing big bucks down the sewer drain, but has their quarterly financials coming out in a few days. What if they do not show as horrendous a balance sheet as expected and the Jazz equivalent is actually doing well. High was 18+. A good little pop could take place just like it did for PNCL a few weeks ago. HMMMMM! |
