GooGle’s being dumped after hours. We win again

As mentioned yesterday that we’ll get out of the boat just before the earnings worked very well. We sold off today at $550.76 where the 14 -3 day raw stochastic was at 80%.

Quick glance at the earnings.

Net income per share diluted decreased from 1st quarter
Three months ended March 31, 2007, Non- GAAP was $ 3.68
Three months ended June 30, 2007n Non- GAAP was $ 3.56

We’ll be looking at the 520 mark. If that’s broken we are down to 494 and then to 480. The earnings conference call should tell us where to start buying. We are now looking to buy back our shares at around 494, and then some at 484 and 460.97 Those will be our trades if everything goes well at the conference call.

Good Luck,

Your Adarsh.

Latest Updates on the trades. COP, CAT, APA, MS, KOG

Initiated COP on Monday at around $86.5

Still looking for a better pull back in CAT to get in. OR did we miss that boat. Our order is lurking around 83 and change.

Bought a full position in APA on Monday at $85.2. Look at this article from one of the street.com writers. Guided to me from one of the stockpickr friends. This is a wonderful piece of work by Jubak

Sold off Morgan Stanley on Monday just below $73. Will start a fresh position after the sub prime clouds clear. Please stay away from financials at least for till the mid next week. DOn’t jump in even if you see a little upside from these level before the mid next week. That may be the OE expirations effect.

A major KOG limit order went off today, which I actually thought would never go off. (Was I lucky here….Looks so at least for today) The limit BUY order at $4.37 where the 14-3 day stochastic stalls went off today and the stock took off since then. Look for a good upside in the coming days. KOG position completed. Not buying even if it drops a little more. I guess this is the bottom. Did you get a chance to look at the conference information?I still stand by the initial comment that KOG is a stock that is worth more! Don’t press the panic button, please.

Rick, Diana, Alan, Kishore, Henry, Vishwa, Lee, Sandeep, Prashanth and Andrew hopefully you checked your email in the weekend and placed limit orders for APA, COP, KOG and MS. All the three would have gone by now. Congratulations. The next plays will be on GOOG, CXW, NYX and CAT.

On the earnings play we are not playing earnings on Google tomorrow, we’ll be looking to get rid of the few we own tomorrow on any upside. Do you recollect when we bought them? Our average is around 500. But we own only 50% of the position we wanted to buy.:(

Your Adarsh.

No Profit or Loss untill u SELL

Alphabetically

EVCC has been flat since we recommended. Though we have to note we dropped down a few more cents. We gladly mention that we have backed up the truck for the coming news and hope you did the same.

GOOG our biggest dollar pick has dipped to 500 as we predicted and we bought a bunch at that price….though we are waiting for another small drop down to the 475 level before it takes off through the earnings report on Jul19th. Even if it doesn’t drop we’ll make it a point to the community to buy a bunch at a consolidated price. Seeing a huge run..Will probably trade if it bounces back at that 526 mark.

MS has given our short position a good run. We will get discover for our Long position soon and are very happy for the return we are getting DFS* is trading much better than expected …BOOYAH

TEXG …the biggest short term gainer. We have already flipped it twice since the recommendation. It makes a great trade. The latest news is that the debt acquisition by Westar will be done as soon as 10 days with a dividend payment (equal to the difference between 6.75 and the price of TEXG !!!!). We talked to somebody from the company and it looks to give us more. We are now more than a few grands. Congratulations for all those who rode with us.

More posts on TEXG:

http://youradu.wordpress.com/2007/06/08/

http://youradu.wordpress.com/2007/06/21/

NMX our much newer buy is still lurking at the same levels. Though the speculation of the sale is still not completely priced in. Bought at $138.

We also bought a few ICE on 18th June at $153.4, taking its aggressive growth and prospects into consideration. (Also the NYX NMX ICE speculation!) BUYING ON A CRAZY DAY PAYS.

HEELYS…yep it paid us off. We initiated another short term position on HEELYS yeesterday…. Looks like we were a bit too fast in the market….The 10% run down in a single day didn’t produce a positive next day. We are down 5% today…but hey That’ll be another buying opppurtunity as we bought only a very small position at 27 and change. Looking to get few more on a bit more drop. Our research tells it’ll bounce back once the addition of the 9 million shares pending completes…(increase in the floatation hmmmm)

Special Mention : trades at 26 and 25 were cancelled.
Good Luck.

*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 !!