UA: Bought @ 37.28

Earnings out later this week.

Monday:

• China National Offshore Oil Corporation CEO
• China Petroleum & Chemical SNP
• Flowserve Corporation FLS
• Manitowoc MTW
• MasterCard Incorporated MA
• SOHU.com SOHU
• TITAN MACHINERY INC TITN
• Visa Inc. V

Tuesday:

• Archer Daniels Midland Company ADM
• Buffalo Wild Wings, Inc. BWLD
• Burlington Northern Santa Fe Corporation BNI
• Express Scripts, Inc. ESRX
• TheStreet.com TSCM
• Under Armour, Inc UA
• Valero Energy Corp. VLO

Wednesday:

• Akamai Technologies Inc. AKAM
• Cummins Inc. CMI
• FIRST SOLAR INC FSLR
• Garmin Ltd. GRMN
• General Maritime Corporation GMR
• General Motors Corp. GM
• Grey Wolf, Inc. GW
• GulfMark Offshore GLF
• Hess Corporation HES
• Itron, Inc. ITRI
• VOLCOM INC VLCM

Thursday:

• Capella Education Company CPLA
• Chesapeake Energy Corporation CHK
• Denbury Resources, Inc. DNR
• DOLBY LABORATORIES INC DLB
• Dynamic Materials BOOM
• ExxonMobil Corporation XOM
• Helmerich & Payne, Inc. HP
• Marathon Oil Corporation MRO
• Monster Worldwide MNST
• NetSuite Inc. N

Friday:

• Agrium Inc. AGU
• Chevron CVX
• EOG Resources, Inc. EOG
• IntercontinentalExchange, Inc. ICE

Wow, what a week. Fly turns super bullish, my partner in crime gives up his tab, and my iBC machine is in Barcelona. No wonder my portfolio was destroyed. In all seriousness, I took a few blows this week playing the earnings game. My [[AMZN]] strangle was disastrous, [[MSFT]] didn’t pan out, and I failed at a few other trades.

It’s funny because I started out 2008 saying this will be the year I leave earnings alone. In early January, I was disciplined. I sold [[MON]] right before earnings, but they blew away estimates and I missed the run. Lately, I have been playing earnings, and I am paying the price yet again.

Last week I was bullet proof, this week I’m filled with hollow tips.

Note: the iBC screener is still a work in progress, I will be updating it this weekend.

Note II: My small bag of trash is looking pretty good, see twitter widget.

[[MA]]

Judging by my comments, it seems a lot of people are involved [[GU]]. My thoughts on the stock: Today’s action in the name has everything to do with technicals, if you were in this name for a quick profit, the trade is over. Nothing is fundamentally wrong with the company, it just broke down. It is a recent IPO, and thinly traded, so expect wild movements.

Why I like the company: This year the company is expected to grow 80%, the next five years the company is expected to grow 50% (per annum). The stock only trades at 24 times earnings, very cheap. The company is engage in the production and distribution of bio-diesel, and has the Chinese market on lock.

This remains one of my favorite picks, and I will be adding on future weakness.

Chris has a good article on the company: The next Chinese IPO

[[BUCY]]

Update: Sold @ 122.06

Note: Market looks nasty.