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Cajun Positions

Here is an update on my current positions:

[[AAPL]] [[GOOG]] [[STP]] [[SIGM]] I hate this stock

[[TSO]] [[MELI]] [[SKF]] [[SRS]] [[SMN]] [[DUG]] [[SCC]] [[FXP]]

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Another Ugly Day

Wow, stocks got lit up again. My short ETFs are like money printing machines, does [[SKF]] ever go down?

I added another one to my collection today, [[SCC]]. This ETF is my play on specialty retail falling apart. We have a bunch a names reporting this week, and if [[ANF]] is any indication of how the group is preforming, this one could be a huge win.

Reporting this week: [[JCG]], [[AEO]], [[GYMB]], [[MW]], [[ARO]], & [[ZUMZ]]

In my opinion, this group has room to fall further.

I only have a few longs, but they are killing me. I’m thinking about calling up my broker and getting them to disable the buy button from my screen.

Note: Check out DT’s stock of the year.

Busy day today, look for updates tonight… 

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SOL: A Recycled Solar Burrito

[[SOL]] Price 9.15

We have a bunch of solar companies reporting in the next few weeks so I decided to do a little research and find the best opportunity, should the group catch fire.

ReneSolar [[SOL]], [[LDK]] & [[WFR]] all manufacture solar wafers for solar modules. However, ReneSolar recycles silicon and supplies the product at discount prices, thus creating higher margins to its customers (JA Solar, Solarfun, & Suntech Power).

With [[JASO]] reporting on Wednesday, I will be watching [[SOL]]. With good volume, this one could make a run.

Here are a few facts:

  1. Trades on the London Exchange, and now trades on the NYSE as an ADR.
  2. When comparing P/E ratios, it is the cheapest.
  3. The stock has a small float of 10 mill, and can get moving quickly.
  4. Company reports on March 19th
  5. Video on SOL

Just something to watch.

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SIGM: Stock of the Week

[[SIGM]] Price: 26.36

Before I get into this post, I wanted to let you know that I have been dead wrong on this stock in the past.

Sigma is involved with two fast growing markets:

  1. IPTV set-top box market for telcos– Verizon and AT&T are rolling out their new service very aggressively, and Sigma Designs is a big part of it.
  2. Blu-Ray DVD market– Now that Blu-Ray is the standard, expect shipment volumes to go up significantly in 2008.

The stock has been unfairly punished due to technical levels, and in my opinion, undervalued.

  • PEG Ratio: 0.37 (extremely cheap)

Current technicals:

sigm-2.gif

The company reports on Wednesday so anything is possible, but I plan to get aggressive in the name.

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Earnings

Monday:

  • Bancolombia CIB
  • Gaiam GAIA (DT’s stock of the year)
  • Jones Soda JSDA
  • The Blackstone BX

Tuesday:

Wednesday:

  • American Eagle Outfitters AEO
  • FLOTEK FTK
  • Gymboree GYMB
  • JA SOLAR JASO
  • Men’s Wearhouse MW
  • Sigma Designs SIGM
  • TBS International TBSI

Thursday:

*Feel free to add to the list in the comment section.

Note: I noticed a bunch of retailers reporting, [[SCC]] seems like the best way to short the group according to Market-topology. Hat-tip to Caddy for pointing out the site.

Note II: A few solars are reporting, [[STP]] is your safest way to play the group.

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