Archive for June, 2009

Quick Note on OMX

Tuesday, June 23rd, 2009
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I’ve liked Office Max for awhile as the only office supplier with a dividend. When the economy rebounds, office suppliers will be one of the first to benefit.

Anyway, I set up a limit buy at 3.97 today, with the current price at 5.53.

I’ve lost money on them before due to bad timing, so I have my alert set at 4.30 to re-evaluate.

We’ll see.

My BAC Play Plan

Monday, June 22nd, 2009
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This morning’s pre-market price is 12.97. askStockGuru has the long at 13.72, with the buy ranges from 12.06 to 8.7. My gut has it goint to 9.2, while I had set an alert a couple of months ago at 11. I’ll check back at the 11 and re-evalute from there.

Conservative Play on ACHN

Sunday, June 21st, 2009
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Achillion Pharmaceuticals, Inc. has a weird price history relative to news reports. The price seems to drop every time there is good news. Friday’s drop coincided with the release of a detailed pipeline report. Since the report is only available for a fee, the cheap in me will never know what it says. My assumption is that if it is truly negative enough to drop the price significantly, a public company would have had to announce the details already. However, I am also a cynic, so I am taking the following tact:

Today’s price is 1.30. The 52 week low is 0.65. So I set a limit buy for 0.80 and an alert for 0.99.

Achillion Pharmaceuticals, Inc.Achillion Pharmaceuticals, Inc.

EMC on the Watch

Friday, June 19th, 2009
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Companies that are hiring in a down economy are either going to go up or blow up when things improve. EMC is on the up swing now, so watching for a fall back to review a buy in.

Today’s price: 12.88. askStockGuru.com has them at an aggressive buy at 12.86 and a conservative buy at 11.75.

Watching TYH

Thursday, June 18th, 2009
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TYH is a tech bull ETF. Tech often tanks in the middle of summer when folks are busy playing outdoors. I’ll come back to this one if it drops to the $55 range.

What Some Stock Newsletters Would Do Otherwise

Wednesday, June 17th, 2009
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Dilbert.com

One Good Drug Leads to Another

Monday, June 15th, 2009
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I’ve had a fondness for Merck for personal reasons, as well as making a nice 20% over 18 months on them when I last held them. My low price alert went off today, which got me looking at it again. The whole pharma sector seems a bit rocky right, which is when you can make a few bucks or lose a whole wad. For sector views, I generally use Google Finance (I really am lazy about cheap investing).  There, Bristol Meyer Squibb caught my eye again. I’ve made money with them in the past, and timed my exit well. Looking at AskStockGuru, they don’t have a buy in price, so I’m going to stick a watch on this one and see what happens.

Volatile Borders

Monday, June 15th, 2009
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BGP is down over 16.5% today as of this posting. Considering their volatility in the past, I set an alert for a drop to 2.60, then will consider from there.

Would You Like Brains with That?

Sunday, June 14th, 2009
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Quote from a newsletter offer that actually had me interested until I got to this line:

But you can get it all for free for only $29.95.

me2everyone Ups the Ante

Friday, June 12th, 2009
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me2everyone is a pre-launch social networking site that is using what has made social networking popular to be popular: viral marketing. But they are doing it with a twist, giving away stock in the company to the first 500,000 members. They started by giving away 1000 shares, then scaled back to 100. Now they have gone to 2000 shares for the final push. Go to http://www.me2everyone.com/452531 to learn more. Or see my post about this last month.