Clean & Quick

Clean Energy has been making strides; up 29% since I picked it up and 16% today let alone.  They had earnings today and the beat helped push the price up to new highs. 

What a tease Quicksilver has been... and still is.  They beat in earnings, (though still reported negative) and ended the day down 8%; ouch.  I'm still up 20.5% on this position and im going to hold; what was the upper resistance seems to have turned into a lower support.  We'll see if this holds as I hold onto this.

- Krames

A little busy

Quicksilver is golden right now; the past 7 days have been nice up days.  Tomorrow is their earnings report which could be big, and I'm already up about 25% on this position.  It HAS pushed through my upper resitance line, I believe that this security may very well soar higher as I've said in my previous posts. 

ZQK

Wheat is also moving slightly down since my post on the threat of India lifting their export ban; I have not seen any updates on this.

/ZW (wheat futures)

Playboy hasn't done too much, but it is still up about 3% since I picked it up; I think its somethign good to hold on too.

Been a little busy, I'll try to get some charts up soon

- Krames

- Krames

Quicksilver

Quicksilver has been looking good over the past week, up over 19% since I picked it up.  It is right at the top resistance line right now, but I wouldn't consider this too much of a worry with their earnings coming out in 3 days; I'm pretty coonfident they'll beat.  Updated chart below.

- Krames

Excuse me while I buy some Playboy.

I mean their securities, not their publications.

Playboy has taken a beating, but truth be told I just don't see them disappearing.  Lets face it; if they made it all the way to now (and I mean through the recession) I think it's safe to say that they will still be around for a bit.  Besides that, this magazine is read by everyone from husbands to their children who come across them, and I don't think consumers nor investors will let them die. 

So could this be a great deal right now?  Maybe, let's look into it just a bit.

• Playboy (PLA)
• They're restructuring right now.  Since the beginning of 2008 Playboy has been surprising earnings... to the down side.  February 18, 2010 alone was -0.83 vs. the estimate of only -0.01; wowzers.  This is necessary.
• What's interesting is that while they have been reporting horrendous earnings the price of a share of stock in PLA has risen over 200%. (I told you consumers and investors won't let them go)
• Robert Campbell was recently designated as being the company's new "Principal Financial Officer" (CFO).    He's been with Playboy since 1992 so he is bound to know what needs to be changed to get back to the good.
• They're open to selling.  This means a premium paid on the stock if it were to happen in the future and a nice gap up.  Now (or soon) would be the time for an outside investor to snag it up while its trading at 3.44 a share for a total Market Cap of $115 million; they already missed its low of 1.03.

Well, I'm buying them.  In centerfolds I trust.

- Krames

Security, Security.

This looks like it might be something interesting to watch.  VASCO Data Security International, Inc.  Stock has weak volume but over the long term this looks like its going to swing upward from here on out.  Earnings on February 8, 2010 beat the estimates by a little over 100% (0.15 vs. 0.073).  Any one have any opinions on this?

- Krames

Friday

So lets touch on yesterday a little bit...

• The overall market.
• The Dow closed up over 120 points  +
• Unemployment stayed unchanged, rather than increase +
• On some of my recent things to watch
• Wheat: -1.74% (export ban lift decision next week)
• BEE: +14.43% (nice pop!)
• GRT: +4.88%
• CBAK: up a bit, but holding against those resistance lines. Chart below
• ZQK:  +1.37%, +14.73% since bought a few days
• GS: keeps climbing... BUT its right on the resistance line now.  Have my stop set for 170 still; been in it too long to miss it.  Chart below

                                CBAK

                                 GS

Any winners yesterday for anyone?  Have a good weekend.

- Krames

Home to me is reality, and all I need is something real.

In Boston's Logan airport awaiting to board my flight to New Jersey for the weekend; hopefully the markets have been moving in favor by the time I land, the unchanged unemployment and only a loss of 36,000 is a good way to start at least.


- Krames

Get your wheat puts in...

India meeting to discuss lifting wheat export ban.

Wheats already pretty low, unlike a lot of the market, wheat hasn't made a recovery since the plummet of the market; a huge increase in the supply from the world's second largest producer won't do it any good either.  Supply and demand people, if this ban gets lifted this stuffs droppin' like its hot.  To make matters even worse for the price of wheat, the "wheat harvest will reach a record this year, more than forecast."  The only thing good I'd be looking for out of this is cheaper Wheaties driving up GIS revenues... short wheat, long GIS!

Just saying.


-Krames

Two breakouts?

I was reading another blog and two stocks the author had mentioned in particular caught my eye for long positions; BEE and GRT.  Both are in the line of real estate and their charts are looking perfect right now for pop ups.  They are also trading at DIRT compared to their pre-2008 levels.  I like to link trends in charts with trends in the industry (not in charts but rather where they are going, i.e. an increase in M&A for iBanks), I feel real estate is back on the rise; looking for an apartment sure makes you feel that way when you see the prices!  I've posted them below (sorry if the trend lines are completely visible, I don't know why some have spaces); sometimes a simple asymmetrical triangle is all you need...

Undervalued?

-Krames

Success Takes Time

"Success is relative: It is what we can make of the mess we have made of things." - T.S.Eliot

A couple updates

Just a couple updates here.  Still feeling real confident on ZQK especially with their earnings coming up; since my buy at the open yesterday I'm up 12.79% on that position, caught a really nice candle.  It still hasn't passed my upper trend line, I wouldn't frown upon the idea of buying some more, but I'm not going to.  Heres the updated chart.

I'd also like to talk about CBAK; I wrote earlier about this looking interesting because of all the converging trend lines.  This has moved down 2.77% today, and the bottom support horizontal trend lines seem to show that this stock may break down further.  I have posted two charts below, both updated and the same thing, but different time frames.  If you look at the second chart, a zoomed in look at the point which the trend lines intersect shows an interesting point of resistance. This is  particularly interesting because it is the intersect of three long term trend lines (5 year daily trend lines) in the grey box.  I feel this solidifies the point of resistance, and this is meant to go down.

Gotta run some errands.  What do we think?

- Krames

And again with GS...

Shorted some more GS @162.43; it spiked up a bit today. The price is approaching the limit of about 165, (looks to be about 169 now) that I mentioned earlier, so I'm also putting in a stop buy for 170. I'll keep shorting as it rises.

- Krames

Sold out YHOO

Got out of my YHOO position @ 15.65

Missed RDI

Sold RDI @4.33, definitely missed that move.  Only about a 1% loss but a loss never the less.  Lesson learned.

-Krames

One to watch

The 5 year daily chart on CBAK has a lot of crosses coming up on long term trend lines.  Going to keep an eye on this.

- Krames

MDVN

Bought MDVN @13.12 and again @13.03; their Alzheimers drug didn't get passed and the stock plummeted.  i believe that it is undervalued and WAY over sold.  Volume is currently at 23,000,000 vs 600,000 avg.

- Krames

Filled ZQK order

@ 2.58

Quicksilver looking like a good buy

Got a nice little chart here for Quicksilver (ZQK); this has an asymmetrical triangle approaching its vertex thats signaling a break up.  Notice the breach of the upper support line where circled green.  I believe this can be ignored and viewed as being a false action based on the abnormal spike in volume at the time; just some over trading IMO.  Seems to have been performing pretty well lately earnings wise, it has beaten estimates the past 6 reports.  This is another justification as to why I believe this puppy is going to climb, their next earnings is 3/11(circled in yellow).  I'm putting a buy in for this as we speak, I will post the fill price tomorrow.

Forgot to post position

Bought GSS on the same date as RDI.  Bought this  @3.15

Re-short GS

Shorted some more GS @ 158.86

Bought YHOO

@ 15.79

Bought RDI @ 4.38

Got in kind of late.. we'll see how it goes.