AXP pays off (Swapped Discover for American Express)

We traded Discover for AXP, when discover was spun off from Morgan Stanley. We also built a position in AXP when it went lower on July 2nd.

Our buy/swap recommendation that was made on July 2nd when the stock was trading at around $61.5 can be found here.

Our full position averages around $60. Today’s upgrade from Goldman Slacks paid off well. But, we are holding onto play this quarter’s earnings, when other analysts would upgrade it to take it high, higher and higher. And then we get out sneakily. hehehe Forgot to mention did you collect the dividend (penny and a dime) ;)

Snitzell out, if you were into this very short term. But we are holding on tight to this one atleast a few sessions past earnings.

Congratulations, if you bought AXP at $61.5 on our recommendation.

Your Adarsh.

*We eat profit for Dinner :o)

This is an update of our recent picks and how they are doing!!!

Google, our costliest in terms on dollar amount pick

Picked on June 5th at 520. Price Target was 500. It still is showing some resilient support around that 513 level. I still reiterate my buying aound 500 or below, but NOT higher.

If you shorted you’ld be making money by now!!! Did you have the guts to short it as I said?!!!

MS : Picked on June 5th at 85.65 Wanted to buy it around 84 - 85 We got that entry on 6th.

Did you buy it around $84.5???
Todays high around $89 (5.3% profit in 4 sessions!!!)

Curent price $88.5 (around 5% profit)

If I were you I won’t dare take profits and play it back again. You may miss the boat that way. Just hold on for the Discover on 20th.

This one is a great winner.

EVCC: This one has dipped. But do we care about the dip? We only care about the news to be released right? We forget this untill we get the news. We have a strategy of taking profits as soon as the news hits the wire at the top price!!!!! Hold on guys.

GS: We called this one on 8th June. We hold on this one until the earnings report due this 14th. And play this out after the earnings ride. GL

TEXG: Our winner. Hope you get some of these before 21st June. The day when Westar is going to consider your holding to mint you MAD MONEY!!! Aaaahhhh What a day ..A great dip for us to get into. Get in before this resumes the ride before 15th. Does it really sensibly matter whether you get it at 2.4 or 2.2 when you are going to get almost 1/3 the price Westar gets?(min of about $3.5 to max of $6.75)

Good Luck to ya all !!

*What a sexy day at Wall Street !

Blood Blood Blood, ubiquitous!

What a day? Everybody hates the last three days. I love that. Thanks to uncle Ben , Morgan Stanley’s 14% sell off the next few months and the bonds issue, we got almost 3% fat off Dow Jones!

So what do we have here? Our three picks in the last three days are doing ok. That makes me more bullish on them. I’m still waiting on Google to shed some more off it. Morgan stanley was a good buy both yesterday and today. But if you are greedy and if you want it a bit lower why not wait tomorrow…weekend usually invites more sellers than people who initiate positions. As planned get MS early next week before it takes off like it tried today in the wee hours of the market. The market was selling off one end and MS was such a bull ride for an hour and then people felt the pressure and gave way to the bears. Love the target price rise from Bank of America on our friend Morgan Stanley.

So, why did I say today was a sexy day? I love crammer and his methodologies. That is why I love this week. it’s been a bears run, shorts laughing on bulls. My dad always used to say, ” When an elephant walks on the road, dogs keep barking from the side of the roads” Guys just let them bark and take the weak minded off the train.

My pick of the day is Goldman Sachs GS($220).

Don’t worry about the Fed speach, and the interest rate rises. This one is the best of the breed(Financials). A better play than MS in the long term. If you did not buy MS still. Buy this one. It’s on a dip. They report earnings next week (6/14). Why not play it on earnings? Lets get into GS now and get off board before the Discovery spin off from MS. Howzz that? Great quick flip!!!!

GS - What a stock? I liked it at $230. I love it today on this drop. Uncle Ben’s words have the market take a pit stop after that sprinty lap. I would love to get into GS anywhere below 220. WOW $21.3 earnings per year…giving us a P/E of just around 10 kewl.

If you have the gem already in the portfolio, why not add some tomorrow by mid day. I see another 2$ off and us getting in on with GS.

Good Luck to ya all.

Adarsh.

Note: I ‘m not an authorized/certified money manager or an advisor. This is not an advice or a compulsion asking you or making you to buy the stocks mentioned above. I just give advices. It’s completely under your discretion to buy these stocks. These are just a few picks I’m advising you, decreasing your time to find this from the huge WALL STREET’s ocean. There are many other better plays out there…these are just a few who I like to play as of this moment. I don’t claim to be that kind of guy who beats S & P regularly by some x %. No legal proceedings regarding this can be made, as I never persuade anyone to invest/trade certain stocks.