Archive for August, 2009

TEVA

Saturday, August 22nd, 2009
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Good pitch at Investor Place this week on TEVA. I see their logic, but they are talking options and I am too lazy for options (and, when you factor in the commission difference as a percentage, I’m still cheap, too). So, looking at their 2 year chart on Yahoo!, I see a lot of volatility over the long term.  And, at ~$50 per share range, they are not in my quick-hit price bracket. So I set an alert at $47 and will look to pick them up at $44.

Now, back to the day job that pays for the stocks 🙂

Dodging a LANC

Wednesday, August 19th, 2009
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Some newsletters I take with a grain of salt, especially the one  the mentioned LANC as a strong buy today (or last nigh, I am just reading it now). But this one looks like the analysts may have missed a bet. See, this newsletter never shows me stocks that are off 20$ from the analysts 1 year prediction, in fact it is almost always stocks that are close to the prediction or over it. And, he rarely points at a symbol I can pick up a 100 share for less than $500, my preferred speculation range.

But it still looks good. The Fool CAPS have it as a 2 star,  but hard to find a bear commentary, so maybe the folks that don’t like it aren’t sure why, or maybe I missed something. If it was a 4 star, I’d buy with real money at 42.50.  Instead, I’m setting an alert for 40 to review it then, and making the limit buy at $42.50 in my WSS account.

Quick Note on My Home Builder Watch

Sunday, August 16th, 2009
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I had BZH on my alert list because they had some interesting movement going on. In today’s review of alerts, I ran across a Motley Fool article about TOL. Looking back at BZH, I didn’t see any significant inside ownership. I didn’t like the tone of the TOL quotes I found in the article. So I looked at the sector. KB Homes (KBH) is big where I live, so I can actually watch them up close to a degree. They have 24% insider ownership,  and they pay a dividend. So, lazy part covered (thanks again to the Fools), I am going cheap by watching for a drop in the $16 neighborhood.

BMY Plan

Sunday, August 16th, 2009
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I’ve owned Bristol Myers before. I’ve never been disappointed. I did get lucky in selling them off last time to buy real estate. Didn’t get lucky in the real estate, but BMY dropped shortly after my sale, so score one for cheap lazy investing, which doesn’t deal in real estate (the purchase was a primary residence, for the curious).

Anyway, during my alert clean up I reviewed BMY and like the way they are chugging along these days. BMY is the perfect portfolio piece because it can be played as a trade or a DRIP, which is pretty rare.  This time I disagree with askStockGuru, where today they have the conservative buy at 19.88. I think the difference is they go by the closing price where I look for the intra-day deals that can bring in a profit in hours, so I am setting my sights at 19.59 with an alert at 19.88 as a check point (cause I know askStockGuru is smarter than me, and acknowledge that smart is not always the winner).

New on the Watch List: BDX

Sunday, August 16th, 2009
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I’m doing my quarterly clean up of my alerts,  which means the long, tedious task of reviewing each symbol that I have Yahoo! watch for me. I don’t have to  schedule this task, I know it is time when the same alerts come to me every day, and indication that the market has shifted and I need to shift my evaluations along with it.

One upside to this task (and there has to be one, because the cheap is pushing all of the lazy out for this) is that I run across new stocks to watch while I do it. Today I came across BDX while updating my watch numbers on BAX. If I were in buy and hold mode (I’m not, at the moment, while I continue to rebuild my core capital) I would have an alert set for BDX along with a limit buy. So it just goes on the watch list, which is a another clean up chore I can postpone for awhile.

Next NEXM Nix

Saturday, August 15th, 2009
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In June I posted my NEXM strategy. I also had a buy and sell set up on it. The sell expired, but the buy went through yesterday on some bad news about potential de-listing.  So I have dropped my sell target from .67 to .3 and upped my percentage from a third to three quarters. But, as always,  things may change, so I have my alert set at .25 to re-evaluate when it rises to there. Providing I’m not somewhere where I can’t do anything about the change. Day trading and day jobs are hard to juggle.

ACHN! Gesundheit

Saturday, August 15th, 2009
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Looked at ACHN back in June and thought it might fall below a dollar. Well, it hasn’t yet. I set a 99 cent alert but it never went off, nor did the 20% drop, which is what brought it on my radar to begin with. I see that the major investor, Investor AB hasn’t sold, and that they also own a big chunk of AstraZeneca, which makes me wonder if they are doing more than the long-term single play, but going for the double of merger. So I am upping my alert to $1.50 and setting a limit at $1.40, hoping to turn around and sell off some at $2 and keep some for a sunny day.

Play the GaME

Thursday, August 13th, 2009
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I’ve liked Game Stop (GME) for a long time. They have the right niche, and their stores are well run. While they have been on the cheap lazy watch list for quite awhile, they cauge my eye again today thanks to the Market Edge newsletter.  So I stuck in a limit buy of 22.19 and set my alert at 23 to give me some reviewing room  in case they drop for a good reason instead of a typical silly season.

Adding EMC to Watch List

Wednesday, August 12th, 2009
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At $15 as I write this, askStockGuru shows it in Bullish Phase with a conservative buy at 13.02.

Spotlight Illuminates Illumina

Sunday, August 9th, 2009
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I received a recent teaser from Motley Fool with the subject “Glimpse Obama’s favorite healthcare investment”. The headline in the content of the email itself was

The “$1,000 Genome” is about to be announced… and it’s already making smart investors rich!

This sounded vaguely familiar…and interesting. Being too cheap to pay for the newsletter (though I have always wanted to have the budget to do so), I did the Google thing to see what the Stock Gumshoe had to say about it. I found an article about a different promotion but seems to be the same stock, which is ILMN.

ILMN actually looks interesting, so I am adding it to the Cheap Lazy watch list (which, yes, I will one day publish on this site, as soon as I get over the second adjective).