Wednesday, September 12, 2007
Interesting day, one buy, one candidate
Actually did something different today and looked at the Yahoo! Downgrades to see if I could find any Barchart technical downgrades before they are reported after the close. Turns out, I did. The stock is WBD, a Russian dairy, baby food, and beverage producer of all things. Had a UBS downgrade, fell 6% early, but had fantastic fundamentals that supported an initial half position. The only minor issues are the sloppy margins and rising debt. Turns out, I was successful in predicting it would be a Barchart downgrade as it turned out to be one. The question remains, what will happen tomorrow, although I am already up 2.5%? As for the second half of the position, I am looking for any decent pullback, hopefully to the $100 level. Check out the Motley Fool commentary, it's always nice to get confirmation. **EDIT: Guess I should read a little slower, the Motley Fool piece is quite negative, not the confirmation I first assumed, dope. Nonetheless, I'm in**
The other candidate has been a high flyer of recent, NVDA. Good solid fundamentals, marginally high institutional ownership, no debt, increasing margins, just a good story. At its current close, it is a nice, very short term entry point at the $33.10-$33.20 level. I would consider a half position in the morning if it remains here, otherwise, I would like to see a pullback to the $32 level to really see some good risk:reward values.
For now,
Masterjaz out
The other candidate has been a high flyer of recent, NVDA. Good solid fundamentals, marginally high institutional ownership, no debt, increasing margins, just a good story. At its current close, it is a nice, very short term entry point at the $33.10-$33.20 level. I would consider a half position in the morning if it remains here, otherwise, I would like to see a pullback to the $32 level to really see some good risk:reward values.
For now,
Masterjaz out
# posted by Masterjaz Out @ 8:14 PM 
