Friday, March 23, 2007

Lots of Green on My Screen

I get back from my meeting to see that existing home sales rose unexpectedly. This market is certainly going to give the indecisive some fits in trying to trade it. I think the only way to be successful with all the uncertainty is to buy companies who have recently reported strong earnings.

I like the recent earnings report from GIGM, BWLD, SWHC, and NIHD. All are experiencing significant growth. I believe they will continue to be stronger than the rest of the market during any weakness, and will return double-digit percentage gains if the market continues to firm-up.

Remember, uncertainty is good. We need bears to keep shorting, and we need some fear to keep the bulls from buying this market to unsustainable levels.

3:15 ***Update*** Bought another 100 shares of TZOO @ $38.13 I am now officially margined.

9 comments:

mdawsz said...

Giga-fucking-media, why didn't I get me some at 12?

Woodshedder said...

Man, I've been preaching it as much as possible without pumping it. Take a look at the CC transcript at seekingalpha and the recent earnings PR.

ShortDaBull said...

nice call on GIGM.

on another note, I am now an MVIS shareholder. Mostly because I like their logo. Very slick.

BOO-YAH!

Woodshedder said...

Shortda, I saw that on your blog. Glad to have your blog back.

Woodshedder said...

You jokers top-ticked me on GIGM!!!

Woodshedder said...

By the way Shortda, you are one lucky SOB to buy MVIS and have it up 4%!

ShortDaBull said...

i am a genius. one day i'll have an online class so I can teach all you po' folk.

mdawsz said...

sdb, did you get stopped on amgn?

ShortDaBull said...

nope, don't use stops. at least not when I'm not away on vacation.

stock traded nicely in the afternoon. I still think it will bounce to 59-60 by sometime next week. I will sell at 59.00-59.50 or dump if it's below 57.50 after the first hour of trading mon.