Archive for March, 2010

Stock Picks for Week of March 22

LONG CANDIDATES SHORT CANDIDATES EMC Limit $18.21 EBAY dark cloud cover. Ready by Tue or Wed for 50% retrace. PAYPAL EUO is 2xshort Euro (2x long USD). Correlates with short GLD. B @ 20L or > 20.85 FAS triple short financials. Moderate but + volume 2-days. Fib 1: 88 Fib 2: 83 50 = 50% [...]

STEC

Screen clipping taken: 3/21/2010, 9:30 PM

Green Mountain Coffee Roasters (GMCR) $180 Per Share

You heard it here first and now it’s been documented. After acquiring Deidrich’s, this company is gonna rip. Hedge funds would be gobbling up this stock right now. It’s worth $180 per share, 3:1 split to follow and after that the data gets fuzzy. The record insider buying and cash on corporate balance sheets is [...]

Reuters Reports Massive Cash on Sidelines

LINK to Original Article (Reuters) – Judging by the recent flurry of share buyback announcements, Corporate America is increasingly confident the worst of the economic slump has passed. After two years of belt tightening, stock buybacks are running at their highest level in two years as companies start to look for ways to deploy the [...]

Biotech is in Play – OSI Pharmaceuiticals

The 50% premium being paid for OSIP by Astellas, which is roughly $52/share, was actually rejected by the board. The market is pricing the stock at $56, and I think the stock climbs another $10 from here. There will be another bidder. The M&A attention is bullish for the sector. There are some good plays [...]