Here is an update on my current positions:
[[AAPL]] [[GOOG]] [[STP]] [[SIGM]] I hate this stock [[TSO]] [[MELI]] [[SKF]] [[SRS]] [[SMN]] [[DUG]] [[SCC]] [[FXP]] Comments »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…
Comments »SIGM: Bought @ 25.96
[[SIGM]]
Comments »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:
- Trades on the London Exchange, and now trades on the NYSE as an ADR.
- When comparing P/E ratios, it is the cheapest.
- The stock has a small float of 10 mill, and can get moving quickly.
- Company reports on March 19th
- Video on SOL
Just something to watch.
Comments »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:
- 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.
- 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:
The company reports on Wednesday so anything is possible, but I plan to get aggressive in the name.
Comments »Earnings
Monday:
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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