Nurse Newbie
You will learn soon enough. Didn't I take you to the woodshed in your TSLA post?
You showed bad form there too.
Hello All Good People!
Well it's Tuesday. I spent Monday going through some ideas. First I start with a germ of an concept then I run through fundamentals and then back door some technicals or at least find some charts that show real promise.
I have done all the work for you! Why I'm not sure. I try to help, I put my own ass on the line and I get responses like BeeNurse.
Anyway Lets Do This!
There is some confusion regarding ICON. The confusion stems from the fact that I thought I owned it, I had angst that it was down, I sent several emails in to the hedge fund asking about it-- no one clued in to tell me it never made it into the account. Fair enough. This is a Retail licensing name I have used before.
You probably noted as I did extreme strength in Retail yesterday. Some stores were making new highs like Macy's. There should be an second act to this move as retail stocks well off there highs move up. Enter ICON.
Iconix brands is an assimilation of brands that quite honestly don't thrill me. I'll list them later. This is more of a balance sheet story as the company is well run and is regularly seen trading at $22-$24 over the years. There it stops. So it has been a frustrating stock to own when I have owned it.
The difference now as we head into earnings soon is the stock is $18.80.
My target after earnings then would be the familiar $21-$22 zone. That's a nice enough $3 trade, but if you draw an angle of ascent on this move you can easily see $28-$29LT on this name so It's a darn attractive buy here even if it's stable of designers is less than thrilling.
I think I am going to buy ICON today.
ok part of this move in retail is tied to the mood of the country. Suddenly things don't look so bad... the trouble is retail has ordered nothing for Christmas. We know this from a NY Times article on the West Coast Ports that portrayed them as beyond light of cargo in the heavy season....
Ok late surge of optimism means supplies must be shipped by air now to get here by Christmas-- that means a big run for Fed Ex up yesterday and perhaps in an offshoot air cargo play EXPD.
If the stk market is back to even now. Then most good stocks should be too.
EXPD was $54 in January and it's $46.60 now-- in a simple way that gives me a target of $54 for EXPD and that's a quick $8 trade.
I think I am going to buy EXPD today.
As a third buy I am toying with two oil/gas plays-
MMR- Davey Jones play nat gas ultra deep frustrating stock too cheap at $12.45
Target- $16
MHR- $4.60 Super Chart!
Target-?
Lastly watching KSS, Kohls. If you took the time to look at 3 and 5 year charts you would see just a MASSIVE BASE FORMING and for that reason the stock may stall here and may forever stall here-- then again over $60 = $70 as they say so we can't let this name get away.
It's crossed several moving averages lately at is sitting at $54.
Buy Point $55.75 WATCHING....
Alright that's today's action.
REGARDING THE ET PORTFOLIO--
Here Is As It Looks Now...
RPM $22 (in at $18.75 w/ 4.8% div)
WPC $40 (in at $35.60 w/ 6.7% div 2 X Position A Top Holding*)
RIG $ 56.80 (in at- have to double check this one believe it may of been as high as $54! w/ 5.8% div)
I'm especially proud of those picks because they were all made here in real time and when the market was puking. So we grabbed yield but we did so in such a way that we also got appreciation instead of having a stagnant share price which is what would of happened in say VOD. Many Many Research hours went into those picks.
A stock I gave to scared and old investors CARTERS. is worth checking in on.
CRI- $35.79 (in $32 here $29 in some accts)
Carters has done it's job for us it has made us some money despite the huge windfall declines and we have held it quite a while... now is when we have to ask ourselves do we hold for the one year tax break? Or do we move on to something sexier?
AVGO- $35.35. (in $31 & $33) This stock is the same story. Bought long ago how the heck did it not get halved in the sell offs? Yet will this now not be a good rebounder for those same stable reasons????
Ebay- I up and sold a few days ago. Didn't like the reaction to earnings. Small profit.
Ok, this pretty much forces me to talk about IPGP! For we are down god on this one! I'll do a whole look see later today. Unfortunately I've bought it a few times so lets get the cost basis straight which I'll do in short order. This high growth high tech name got slammed and I held it. There's another one I held spacing the name at present chips for buying crap through your cell phone... back on that.
I have a couple spec losers still in the ET & Personal Portfolio CIGX & UNIS and I'm double checking on ARBA & KEYN-- Not sure if I still own those--I have spastic sell days sometimes.
Anyway for such difficult conditions we are doing pretty good. ~ stoney
