Weekend Thoughts 2/15/14

Just stick an extra ad on there regarding slinging birds with slingshots and I think we would be good.

Just stick an extra ad on there regarding slinging birds with slingshots and I think we would be good.

I missed posting something last week but just like the creators of Flappy Birds I have been a bit overwhelmed this week and did not quite have the mental acumen to post last week. I really should have though because February is turning out to be a very exciting week in regards to the stock market. A LOT of volatility in the market. Most investors would see that as a bad thing, but lets face it, volatility is what makes an investor money. If we didn’t believe money was moving no one would ever buy. Like I always say, it doesn’t matter which way the money is moving, you just need to know the direction.

Last Week’s Plays:

$HXM (Desarrolladora Homex ADR) Cost Per Share: $1.68, Current Price: $2.00, Sold 2.01

Ay-yi-yi! It was a nice setup, but the crazy pumpers came in hard with this one and then came the pumpers. That over course attracted shorts which is something this stock couldn’t take. I still think this stock is a good stock, but you must always be disciplined and protect your gains. I will be looking for a re-entry, if possible under $2 if possible.

$CNSL (Consolidated Communications) Cost Per Share: $18.95 Current Price: $19.20

I have had my eye on this stock for a while now. A few months ago I was running some screens for high dividend stocks and I saw this stock. It ran away from me and I missed my entry as it went to $20. I kept my eye on it and selling off $HXM I saw that it was under $20, which I know is good for this stock. Combine that which the fact that telecommunications is trending right now I could see that I had a winner. I will keep my eye on it, but I believe $21 is a good TP.

Coming Plays:

$RNN (Rexahn Pharmaceuticals Inc.) Cost Per Share: $1.12 Current Price: $1.10

$RNN is a bit bumpy right now. Short interest has increased, but I still have high confidence in the development line for this stock. Bears can run amok for a bit, but give a good PR and they are going to be about as vibrant as the California Grizzly.

$CNDO (Coronado Biosciences Inc.) Cost Per Share: $2.23 Current Price: $2.70

Another patent secured and still this stock goes down! Smells like manipulation to me. I think more people see this as a $4 stock and want in. Luckily, I still have lots of room to play.

$PLUG (Plug Power Inc.) Cost Per Share: $3.41 Current Price: $3.78

CEO Andy Marsh’s is playing some crazy games with that mystery PR regarding a new retailer announcement. Although with now over 1500 units announced the company is already over the halfway mark for it’s 2014 projection. I like that the company is investor savvy, should hit $6 soon.

$ARIA (Ariad Pharmaceuticals Inc.) Cost Per Share: $6.83 Current Price: $8.65

Yay, once again we kicked out the British invasion and we are back on a normal track. Iclusig is all this company needs. Get it out to as many markets as it can and there will be plenty of money to spare. Although I will cycle the stock if I hear about another buy out rumor (not leaving money on the table twice).

$HA (Hawaiian Holdings Inc.) Cost Per Share: $7.03 Current Price: $10.20

Not much to report here. I did notice gas prices rising which is probably stifling short term growth, but the numbers are still good. Still very long term with this stock.

$HYSR (Hypersolar Inc.) Cost Per Share: $.01 Current Price: $.0049

Keep playing solitaire, nothing to report here.

$OPK (OPKO Health Inc.) Cost Per Share: $9.19 Current Price: $8.49

Never bet against insiders, never. On 2/13/14 $OPK announced successful test results (CLICK HERE TO READ). Dr. Frost is still buying up stock like crazy. Luckily I don’t have prostrate cancer, but if I was worried about it I much rather have a simple blood test than have to do a biopsy, think about it.

$SIRI (Sirius XM Radio) Cost Per Share: $3.19 Current Price: $3.56

Still watching the paint dry on this one. I wish Liberty Mutual would just go ahead and raise their offer and get this over with already. BORING!

$GALE (Galena Biopharma Inc.) Current Price: $3.73

Not sure if I am going to buy this stock but it is really peaking my curiosity. It just recently took a nose dive, but the $7.77 52 week high is really intriguing. I have some money that will clear on Weds. Not sure if I will be able to get in on time with this stock, but I will be watching. Even so if I don’t I still have some other options.

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