Wednesday, October 31, 2007
Once again, far behind...
I don't think I'll ever be consistent with this blog, but since nobody reads it, I'll be fine. Today is actually the first busy day in some time.
SSYS: Stock mentioned a while back after a Barchart Downgrade. Reported so-so earnings today and just got killed. Too bad I had to wait until 11 (est) to buy as it has rallied since the open. Still, the stock looks good, and their forward guidence was fine. The details: Everything is growing nicely (even with the 'miss' this morning), revenue, income, and eps. Margins are stable, no debt, high short (probably some covering this morning), etc., etc. Bought 3.86280 shrs @ $25.888 (original alert for 26 although low of the day was ~21!). Would consider adding to position at $23 or so. By the way, no usable options for this stock).
LTM: Stock I did not post when it was downgraded (both by an analyst and by Barchart). Picked it out as a decent growth stock, growing rev., income, eps. MAJOR redflag is the debt, and debt to equity >1 (these guys need to make some cash and pay off the debt sooner than later...). Another stock with huge short. Bought 1.65975 shrs @ $60.25 (alert was $60.50). Will consider adding to the position at $57.60.
Did have an options play:
At time of downgrade (close): 55 May08 call for $11.90 (underlying price $62.56)
55 May08 call for $10.10 (underlying price $60.19)
Other option plays, based on downgrades 10/30/07:
FTI: 45 Apr08 call for $18.00 (underlying $60.10), alert for buy at $57.00
COL: 60 Apr08 call for $16.10 (underlying $73.86), alert for buy at $69.50
Wow, lots to look over and paper trade. Am concerned I am getting too mutual fund like with too many stocks, but if they all go up...
For now,
Masterjaz out
SSYS: Stock mentioned a while back after a Barchart Downgrade. Reported so-so earnings today and just got killed. Too bad I had to wait until 11 (est) to buy as it has rallied since the open. Still, the stock looks good, and their forward guidence was fine. The details: Everything is growing nicely (even with the 'miss' this morning), revenue, income, and eps. Margins are stable, no debt, high short (probably some covering this morning), etc., etc. Bought 3.86280 shrs @ $25.888 (original alert for 26 although low of the day was ~21!). Would consider adding to position at $23 or so. By the way, no usable options for this stock).
LTM: Stock I did not post when it was downgraded (both by an analyst and by Barchart). Picked it out as a decent growth stock, growing rev., income, eps. MAJOR redflag is the debt, and debt to equity >1 (these guys need to make some cash and pay off the debt sooner than later...). Another stock with huge short. Bought 1.65975 shrs @ $60.25 (alert was $60.50). Will consider adding to the position at $57.60.
Did have an options play:
At time of downgrade (close): 55 May08 call for $11.90 (underlying price $62.56)
55 May08 call for $10.10 (underlying price $60.19)
Other option plays, based on downgrades 10/30/07:
FTI: 45 Apr08 call for $18.00 (underlying $60.10), alert for buy at $57.00
COL: 60 Apr08 call for $16.10 (underlying $73.86), alert for buy at $69.50
Wow, lots to look over and paper trade. Am concerned I am getting too mutual fund like with too many stocks, but if they all go up...
For now,
Masterjaz out
# posted by Masterjaz Out @ 9:44 AM 
