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To: The Ox who wrote (824)5/4/2012 11:40:41 AM
From: The Ox   of 2117
 
At the rate we're going today, we may just see the 1357 levels this afternoon.

Gotta love the collective mentality "sell in May....ooooh.... sell in MAY...Ooooh....SELL IN MAY....OOOOOH!!"

LOL

This would be an understandable place to bounce, 137.2 on the SPY.....

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From: richardred5/4/2012 12:59:31 PM
1 Recommendation   of 2117
 
Robert:


The reasoning in today's purchase . I have already booked profits in stocks I sold earlier this year. For me, that means I can take some bigger risk now.

CBM nice earnings upside surprise. I will most likely keep today's purchase as a trading position. I've already have a bigger position at a lower cost basis. This is what I like to call an under the radar stock. I'm hoping for some upgrades and some TA to kick in. Hopefully this gets the stock noticed. I also feel comfortable with what they do.. Nice business to be in if the economy stay slow.


ACET- I liked the earnings that were released yesterday. Today's position will most likely be a trading position. I also know this stock quite well. I first bought in over 25 YEARS ago. I think the stock is getting overly punished today on quite good earnings IMO. I like the divided here for holding. Insider have been buying right along .


I am a volume watcher in all stock that I buy. I watch for block up ticks and down ticks. Both stocks IMO also have above average takeover appeal.


To be sure, both positions could go down with any market correction. I'm generally a fundamentalist, but I do look at TA more often than I did in the past. I sometimes buy l that way eclectically.


Any more questions? :+ )

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To: richardred who wrote (850)5/4/2012 1:08:13 PM
From: Robert O   of 2117
 
That great thanks for the info. CBM a player in generics it looks like. recent report sounded good but not a next qtr estimate that will light the town on fire. I wondered if they have a special niche or advantage in this industry that you feel will help propel them out of the microcap category? thx

ps in general I stay away from these smaller unknown plays but you and others seems to do well from time to time and perhaps this is where the action is lol

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To: Robert O who wrote (851)5/4/2012 1:20:47 PM
From: richardred   of 2117
 
Robert, I am a big risk taker. That's my style. I do suffer some big losses, However, I do spread my risk out, and allocate in the portfolio with risk/ reward in mind. 34 years of trading experience helps also. ACET is also in to generics and IMO a less risker play. Another thing I do is to keep abreast of events Earning/approval/upgrades/breakout ect. ect. I'll either look like a fool or look like a Motley Fool! <G>

BTW-Robert: CBM is a NYSE-company-One good reason I like it.


GITY-good investing to you-®®


Message 23042083
siliconinvestor.com

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To: richardred who wrote (852)5/4/2012 1:47:38 PM
From: The Ox3 Recommendations   of 2117
 
Welcome, rr.

FWIW, I added some CIEN, EBIX, MRGE and RDN to my folks IRA today. Small lots, nothing large, near the lows of today in each. Too early to tell if this is simply the start of a serious downturn or just another headfake before we melt higher.

Yesterday I added a small amount of AMRS for them as well.

Not sure I would recommend others follow into these at this time but they all reached initial price targets, so we started to nibble a little bit on each.

A stock that I will probably add to in the near future, but waiting for a base or a reversal, is CYTK. A major longshot in the bio-tech field, not a stock to get too heavy into, imo. A good one to buy low and sell a significant portion after the 25 to 35% gains it gets every year or so.


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To: The Ox who wrote (853)5/4/2012 1:53:20 PM
From: Sultan   of 2117
 
MRGE reports on Tuesday.. Did not expect it to come down at these levels for sure but I tend to be too optimistic..

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To: The Ox who wrote (846)5/4/2012 2:08:13 PM
From: The Ox   of 2117
 
RVBD made the bounce/reversal today that I was looking for yesterday, fwiw. A day too early and a few dollars short!!

EDIT-

SINA starting to look interesting. Its come down a long way. Expecting it to find some support in the $53-54 range, if not then a retest of the 52 week lows in the 47 area looks to be the next battle ground. Will let the chart show a clear reversal before I'm interested in going long here.

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To: The Ox who wrote (853)5/4/2012 10:45:48 PM
From: richardred   of 2117
 
Thanks OX. Look forward to contributing here in whatever way. The market conditions can change so fast. I'm looking for some bargains and finding some like these IMO. Both added to my watch list today.


FWIW-In my scans of major % advances and declines today. Found some of my personal taste- IRF -International Rectifier Corporation- and DOLE -Dole Food Company corp. Both looking interesting to me.

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To: The Ox who wrote (853)5/5/2012 3:00:52 AM
From: bruwin   of 2117
 
I see you've moved more into EBIX, TO. Hopefully you got in somewhere between $18 and $19.
It's next Q1 is due within about a month's time and it will be interesting to see what they report and how the 'market' reacts.
As we discussed, elsewhere, I'd say its current fundamentals look good.

Looking at several of its recent EPS numbers, and assuming a P/E of around 12, we could see its forward Price going to at least $22 to $24 in the medium term.

Best wishes ....

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To: richardred who wrote (850)5/5/2012 12:26:14 PM
From: richardred   of 2117
 
FWIW-RE: ACET Apparently the SA Guy is thinking some of the same thoughts.


8 Reasons Aceto Is Worth A Look As It Pulls Back To $8
seekingalpha.com 

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