Somebody Pinch Me

Today, June 4th, 2009, was one of my best days ever. Whether it was XTEX, BEE, XRM, SPWRA, or AXL, the Cajun banked coin. Matter of fact, I did not bank, it was handed down to me from the stock gods & the gentlemen of The PPT.

Come hang out on the other side of iBC, join The PPT, free coin for all.

Note: There are a bunch of great setups forming. I will post them later tonight.

Live long and prosper.

TAN is breaking out above it’s 200 day moving average. Again, with Goldman’s call on oil, the sector has some juice behind it.

I bought SPWRA this morning @ 29.29, noted in The PPT. Right here, right now, I like: JASO, LDK, STP, SPWRA, ENER, WFR, & WGOV.

Go bank some coin.

One of my favorite oil companies is SGY. Tuesday evening they announced news on a new discovery:

LAFAYETTE, LA., June 2– Stone Energy Corporation (NYSE: SGY) announced a discovery on its deepwater Pyrenees Prospect, located on Garden Banks Block 293. Continue reading..

SGY is a major player in the Gulf with their Deepwater Pyreneer Prospect, and they are keeping service companies, like SLB, booked with work. I think the stock is cheap under $10, and the pullback we got yesterday was a gift.

I happen to think every portfolio needs a little exposure to oil. If you find yourself without exposure, look no further than SGY. The stock has support around 8.47, with a few moving averages below that level. I think your downside is limited, provided you have your stops in place. With new target prices on oil from Goldman, I think the sector still has some juice in it.

Disclaimer: Long SGY

With oil pulling back, I’m looking at buyinng airlines for a quick trade. My favorite in the group is LUV:

The stock is sitting on a bunch of moving averages, with any strength, I think this one can rip. Keep it on your radar.

Disclaimer: Long LUV

URRE caught fire today and closed above an important level. I may give this a shot with a mental stop right around $1.65– this stock can Run here:

I will also look to buy PAL on strength– beautiful flag:

Note: I will also be watching to see how solar preforms with TAN closing above its 200 day MA. My favorites here are SPWRA & GU (biofuel)

Note II: The China/Hummer news could spark movement on AXL, a position I took today. The stock is sitting right below the 200 day moving average. AXL is a Tier I supplier to the automotive industry.

Here’s another small cap that may be ready to explode.

AXL:

I bought @ 2.53.

Note: Sitting right below the 200 day moving average, it will be tough to get above it.