Weekend Thoughts 2/23/14

Always remember who the real players are.

Always remember who the real players are.

The stock market in my opinion is trying to make up it’s mind if it is going to break up into new highs or sink very low. Overall I see a slow grind upwards. I have an optimistic view in that we are about to see new highs. I really like the trends for bio techs and metals right now and will be concentrating my trades in those sectors.

 

 

Last Week’s Plays:

$GALE (Galena Biopharma Inc.) Cost Per Share: $4.00 Current Price: $3.91

Started buying this stock at $3.72 and I think I did rather well in my timing. ER will be crucial for this stock but I think $6 is a reasonable TP.

Coming Plays:

$RNN (Rexahn Pharmaceuticals Inc.) Cost Per Share: $1.12 Current Price: $1.08

Still very bumpy with this stock. Kind of makes me nervous. I am not sure how much longer I will stay with this stock.

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

This stock is turning out to be a DTs dream come true. I have seen this stock cycle so many times it is crazy. It tells me two things. 1) I am losing some opportunities to cycle and 2) it is still a strong stock (all we need is a new test study to come out).

$PLUG (Plug Power Inc.) Cost Per Share: $3.41 Current Price: $3.63

Look at CNDO.

$ARIA (Ariad Pharmaceuticals Inc.) Cost Per Share: $6.83 Current Price: $8.87
Lot of chatter on this stock but I can’t see anything of substance. The good news is the stock is slowly grinding its way up which is good.

$HA (Hawaiian Holdings Inc.) Cost Per Share: $7.03 Current Price: $11.28

I am really not sure what is going on but options activity on this stock have increased significantly. I think a breakout may be imminent but I still don’t see the catalyst.

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

Still nothing to report.

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

Nothing to really report here. Going well. My strategy here is to just let it sit.

$OPK (OPKO Health Inc.) Cost Per Share: $9.19 Current Price: $8.83

The stock is starting to trend. I could see $10.00 coming this week.

$SIRI (Sirius XM Radio) Cost Per Share: $3.19 Current Price: $3.61

Still watching the paint dry on this one.


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