Nothing irritates me more than a stock that doesn’t preform on a huge day, ie. Research In Motion Limited (USA) [[RIMM]] . The stock is having a difficult time getting and staying above $134, above $135 I think you must own it. The company reports earnings in a few weeks, so it’s one to watch.
Next, we’ll talk about a stock that’s near and dear to my heart, Energy Conversion Devices, Inc. [[ENER]] . This stock has $100 written all over it, just take a look at the options. A big move in the stock is priced in, largely due to earnings next week. I still like it right here even with oil moving lower. My guess is the stock runs in anticipation of earnings, that will be when i take some off the table, the rest will ride.
Becton, Dickinson and Co. [[BDX]] is finally above $88, this stock is in a sweet spot with medical device space on fire. The stock also received a high ranking on PPT, it’s a pretty safe place to park a few dollars.
I don’t plan on doing much today. I have a number of positions setup, it’s time to watch them unfold, or not.
Position updates later.
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RIMM finally waking up.
Oil just got merc’d
ICAD breaking out on nice volume.
Did oil just officially die, RC? Is it time for DTO?
nah, don’t forget that everything has been flip flop lately.
momentum is not following through in either direction, and 90 is the floor for USO. So, 2 pts down, 6 points up to get to yesterday. Not bad. not taking the trade, but in essence I am since I plan on buying back GMXR at 64.50