The stock watchlist I put up the other day when financials were at technical support levels has done pretty good. Actually really good. GNW since that list ran from $9 to $13, 40% run. HIG is over $28 now. RAS took off. SUPG is breaking out a little here. SBGI is up a $1 to $3.80. I put that list up because financials had flagged down and if the run was going to continue those were some of the best financials to try and trade the possible move with. I'm sure there are some compelling fundamental reasons institutions are accumulating them. I don't really care because I can just see their footprints.
FRZ and KEME are still consolidating. I'm still going to keep an eye on KEME and SUPG. NCT is breaking out. I'm long INHX and am looking for a breakout. It's slowly moving up with higher highs. I didn't get the price I wanted. I wanted a conditional trigger buy if it fell to just over $1 at 1.08 but I got filled at 1.20 I think. Still will be good if it breaks out. It sure has found support right around $1 these two days though.
full disclosure:long INHX
September 16, 2009
September 15, 2009
Coffee Stock Caribou Coffee CBOU Quick Take
Caribou beat by $.10 at the beginning of the year and had decent numbers in that hellish economy. In hindsight I guess that was one of the fundamental buy indicators. I was onto the stocks breakout but never bought any shares to hold. They have been upping guidance pretty consistently lately and I believe right now are guiding for $.38-.39 next full year. With the stock at $7.50 that seems about right at a forward PE of around 20.
The reason I am bringing up CBOU again though is I stumbled upon a coupon in the local newspaper advertising section for Caribou Coffee. What really surprised me was that the coupon was for buying their beans(or ground coffee beans). It said they were "available at a local grocery store near you." This is very good for the company and their brand. For years they have had independent reviews that ranked their coffees,especially their light roast coffees higher than competitors like Starbucks.
For some reason over the years they had been slow to sell their coffee in stores. Wholesale businesses getting coffee directly to consumers from other stores are what has propelled Diedrich Coffee (DDRX) from $.40 this year to $25. I probably had been saying that in my older CBOU posts. I knew it to be true since 2005 before Caribou started the aggressive turnaround.
What selling more of the coffee in stores means to me is it can act as a cushion around store operations because of its profitability, allow more consumers to find their brand, and possible allow for more upside surprise in EPS.
full disclosure:no position
The reason I am bringing up CBOU again though is I stumbled upon a coupon in the local newspaper advertising section for Caribou Coffee. What really surprised me was that the coupon was for buying their beans(or ground coffee beans). It said they were "available at a local grocery store near you." This is very good for the company and their brand. For years they have had independent reviews that ranked their coffees,especially their light roast coffees higher than competitors like Starbucks.
For some reason over the years they had been slow to sell their coffee in stores. Wholesale businesses getting coffee directly to consumers from other stores are what has propelled Diedrich Coffee (DDRX) from $.40 this year to $25. I probably had been saying that in my older CBOU posts. I knew it to be true since 2005 before Caribou started the aggressive turnaround.
What selling more of the coffee in stores means to me is it can act as a cushion around store operations because of its profitability, allow more consumers to find their brand, and possible allow for more upside surprise in EPS.
full disclosure:no position
September 13, 2009
Interesting Stock Charts
Huge volume spike on Bronco Drilling Friday. This ran to 5.40 after hours. Their balance sheet has been improving quarter by quarter.
Looks a little like a failed signal on the triangle breakdown. That sell-off went nowhere and it bounced back nice. Looking for volume to come back and big pop very soon.
I think ARNA has phase III results soon.
Nice volume spike and looks like clean breakout in works. Could just take off.
Hammer right up at resistance. Looks bullish.
Still breaking out. Amazing.
Possible this was a bull flag.
full disclosure:no positions
Looks a little like a failed signal on the triangle breakdown. That sell-off went nowhere and it bounced back nice. Looking for volume to come back and big pop very soon.
I think ARNA has phase III results soon.
Nice volume spike and looks like clean breakout in works. Could just take off.
Hammer right up at resistance. Looks bullish.
Still breaking out. Amazing.
Possible this was a bull flag.
full disclosure:no positions
September 11, 2009
ZRBA Net Cash Stock
ZRBA is no longer going to do the liquidation and put out a press release yesterday they are exploring strategic alternatives. I'm holding from about $3.90 and the stock popped up to $4.97 and I just sold at $4.66. The way this thing has traded on news in the past is it runs big first day then because know one trades this stock it falls off the next day. Whoever comes in with size will probably do this again and I can't afford to wait however many months, years for a bid on this company to possibly come in right now when I have a big profit margin in my face and the information I mentioned above.
full disclosure:no position ZRBA
full disclosure:no position ZRBA
Stocks To Keep On Watchlist
ADPT had a big volume spike the other day when it ran over resistance. This was a good entry point and see how it bounced off support in the upper $2.80s where I liked the stop loss just below? I don't BS with these stocks. Especially net-net's. This set-up is still here. It just tested support(former resistance) and could just breakout or consolidate again. A new entry would be best on a breakout I feel because the best stop off of a new entry isn't to clear to me. A stop loss for a breakout entry over 3.13ish would be 2.95.
PGV is back in play. This thing loves to run. DEAR is in play and is a bank so you know what the appetite can be like for a stock like that. Huge run though. Would be surprised to not see some consolidation. These stocks I just throw up on watchlists are ideal for daytrading and are just watches. If I do an entire post on a stock I really mean business on it. BSTK from the other day ran 90% that next day.
full disclosure: no positions
PGV is back in play. This thing loves to run. DEAR is in play and is a bank so you know what the appetite can be like for a stock like that. Huge run though. Would be surprised to not see some consolidation. These stocks I just throw up on watchlists are ideal for daytrading and are just watches. If I do an entire post on a stock I really mean business on it. BSTK from the other day ran 90% that next day.
full disclosure: no positions
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