Friday, October 5, 2007

Recent Happenings

As I stated in my last post, I currently have carpal tunnel (or some similar injury) so I can't type at length right now. But I wanted to update on some of my recent happenings:

I bought some Vonage (VN) at $1.00. It was up $.12 today, to $1.15. I think it's both a decent long term prospect, and i'm playing the bounce. If it continues upward quickly, I may dump and profit-take.

Our old friend Syntax-Brillian (BRLC) was interestingly up 25% out of nowhere today. Though I'm long, I suspect today's gain was due to a short squeeze, and may be short lived. But I hope I'm wrong.

I also purchased some Pantry (PTRY). Its stock has been up like an unbelievable 1000% or something over the last few years; I read lots of articles about it maybe six months ago. Now, it's down off of its 52-week high of 60, and only a couple bucks off of its low, and at a P/E of 13, this growth stock is now looking cheap.

I also picked up just once contract of November Calls for Nutrisystem (NTRI). They're the company that runs ads with Dan Marino and other jocks, with the pre-made food. They missed earnings and revised downward a little bit, and the stock fell 33%. It is an overreaction, to a growing brand, and I'm looking for both a bounce and a long-term gain.

Lastly, I'm currently long some ConocoPhillips (COP) puts. The company has already moved significantly, and the options are in the money. If the price of oil eases a little, it could drop like a rock. If oil keeps facing resistance at $80, I'm going to profit-take soon... I don't want to be blindsided by a hurricane or Iranian air strike that causes oil to go to $100/barrel.

That's all for now,
Stephen

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1 comment:

Mark said...

interesting picks. Know anything about these? probably a crap shot because they are so small though.

Nu Horizons Electronics Corp. (NUHC)
Emerson Radio Corp. (MSN)sells in big electronics retailers.

Global Med Technologies Inc. (GLOB.OB) this one is interesting because it is fundamentaly sound but I haven't found any analysts on it..yet

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