******************** To All ******* UP TO DATE ********************
First of all I would like to be the first to state that "The Picks" have now turned into the "The Puts" or "The Pits". One of the biggest tools a investor has is patience. When and how to exercise this tool is one of the hardest things to learn. In general, the High tech sector moves in waves of 3 to 4 months. Rallies would usually last only for 3 month or so then a correction would take place. Well, we have been in a rally for 6 months. This has made many investors nervous and trigger happy. Also, instead of the high tech doldrums reinforcing other sectors, it has spread into the other sectors as well. There are some numbers coming out tomorrow I believe at 8:30 a.m. EST, that will shed more light in how nervous we should be. I personally am not to worried and do think this is only a mild correction. As for the beginners, when the market behaves in this manner, every decision you make will more than likely be the wrong one. MM's and the BIG houses use these times to create lots of panic selling, misinformation, upgrades and downgrades to confuse the uninformed.
Now to the "PITS"
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CSGI - Strong BUY - there are lots of things going on an I am pissed enough that I may even mention a few. (j/k) Anyway, they have signed a couple of large contracts and should be announcing them soon. I think these contracts alone will should push the stock towards $15.00.
RE: AMEX or NASDAQ listing >I do not think that they are specifically holding back any contract info until their listing. As for when and which exchange ? The when should be in March, but the which will be decided in the next 2 weeks.
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INTV - Strong BUY - ONLY down as a result of market fluctuation. Everything I am hearing still points to a strong Q4. The Q ends in Feb and results hit street in Mar.
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PRGS - HOLD - I do expect prices to start back up in the next week or two, and would write some calls to lower your avg. The deal is still up to PRGS now the last price MSFT offered was $26.00 and PRGS said no. MSFT will not change offer price, or go for a hostile.
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NEXT - BUY/HOLD - The company wrote off a lot more this Q than I expected, but I am very bullish on this stock. It may take a little longer, but I will be buying more shortly for several accounts and do expect $4.00+
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OZON - SELL - Common this thing was @ $0.75 and now has hit a high of $1 5/16 ... sell and buy back on dips under 7/8
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PSTA - BUY - This stock is one that I am very 'close' to. Do not let little dips here and there worry you this is NOT a stock you need to check on every minute. I do see $4.00+ and the time frame is from 3 to 6 weeks.
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MEDY - TRADE - I was trading this thing in 5,000 share blocks all day.
this stock is all over the place. There are heavy rumors of buyout in the works, but the stock is not acting "normal". If you don't have a real time Quote Server don't even attempt to play this. I do see lots of volatility ahead and if what I expect does happen we should see $6.00+, but if it doesn't it could go to <$3.50, so this is a 'trader'
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ZE - BUY - The annual meeting is coming up in the next 2 weeks, and I expect all the non-Korean board members to be let go and news to follow.
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IOM -Target Buy @ $16.25 - it should dip close to it, but no guarantees. Everything is still on, so lets wait and see.
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VLTS - SELL - IF you bought this near the levels I first posted, then I would sell take profits and move into another one.
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Once again, If I have left any out make a post and I will try to respond when I can. |
