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.

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.

Success repeated…brings joy repeatedly

Our core position NYX is playing well this week. It’s next major resistance is at $84, which should be broken this week.

Our latest buy Medicinova at $8.39 yesterday i.e 7/10/2007 has already started paying off.

Did you buy Morgan Staney today at my recomendation. Here is my reco.

Place trades around 69. 69.8 offers good support. Should be the
bottom. We are at a 13 week low of $69.71.
Next resistances at
$70.56 $71.53 $73.24 $75.24(major) $77.82 (major)
Load up MS here.

Our limit order with Heelys at $28.11 went off today. Our trade position averages at $25.3. That gives us a 11% profit in 8 days. We just took a snitzel off the table and will be backing up the truck on a down day like yesterday…if we have any at all in the coming week.

KOG paid off in a day

CXW is taking a small dip. Wait untill the technicals recover and the squeeze starts. Lets buy on that oppurtunity down here.

Congratulations and Good Luck

Your Adarsh.

Trade update. (Discover, Morgan Stanley, American Express, Master Card)

We flipped most of our Discover Financial Services (DFS) position with American Express (AXP) on Monday - July 2nd.

DFS sold at $27.9

AXP bought at $61.5

We like AXP better than DFS. Moreover, we opine AXP will has a better run up compared to MA in the second half. Though we like MA in the credit card industry…considering the latest run since May after the earnings report…..we are waiting on such a run from AXP. Counting on AXP to hit back from the latest dip down.

OUR NEXT BET IS ON AMERICAN EXPRESS.

Our core Morgan Stanley continues to go higher.

Good Luck.

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.

Morgan Stanley Pays off :D

We got Discover on holding stock (core position) and a great run for the short term flip at MS.

Trade position:

Buy Date : 06/06/07 at 85.76
Sell Date : 20/06/07 at 90.14

Our long core position remains to ride higher and get Discovery.

http://youradu.wordpress.com/page/4/
http://youradu.wordpress.com/2007/06/07/what-a-sexy-day-at-wall-street/
http://youradu.wordpress.com/2007/06/06/my-latest-stock-play-2/
http://youradu.wordpress.com/2007/06/12/wall-street-house-of-pain/

Boooyaaaaaaaaah

P.S. : This post has been modified on 6/22 to remove the confusion in the wording about the Discovery spin off. Thanks to srx for pointing that out.

GL,

Youradu.

*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.

*Time To Buy Morgan Stanley was Today ! $84.5

Tell me if my advice helps you in making some money. How about a lunch then? ;) Read on...

Short Term:

MORGAN STANLEY:

Morgan Stanley announced the long awaited spin off of its Discover Financial Services unit on June 30 to focus on its more lucrative securities business. The news was around since last December. The spin-off is structured as a tax-free dividend. Morgan Stanley is not keeping any shares. Shareholders will get one share of Discover common stock for every two shares of Morgan Stanley. Regular trading of Discover is scheduled to begin July 2 on the New York Stock Exchange under the stock symbol "DFS". I don’t remember whether it was Citigroup or credit Suisse, but one of their analysts opined last Friday that Discover would fetch about $10-$14 initially on a P/E of around 10 (which has now almost become a norm for financial institutions).

My Take:

Considering $85.65 (as of now) for MS at a P/E of around 10.58 and Forward P/E of around 10.27 with a short ratio of 2.1 does not sound it is too costly. Also remember the 1.5% dividend MS pays. Though, people may argue that Citigroup is a better play out there. The spin off that would earn us some quick money/shares of Discover, and considering Morgan Stanley's return on equity will rise without Discover, a capital-intensive business, I feel MS is a better play as of now. But I’ll wait the market to shrug off Bernanke’s comments on rate cuts (would be better to say rate rise now LOL). Look for a good dip down by the end of this week and get into MS by next Tuesday to receive Discover and add a great financial play to your portfolio. I see those rate rise signals would actually stop the recent run in the financial sector, in fact rather initiate a small drop unless there is some good news from the economic news section this week.

Ideal buy as of now at 84 - 85:

I don’t think it’s going to change much, owing to the good news we have on board now. It won’t fall below 84...unless there is some huge drop with DOW, thanks to Bank Of America's upgrade today.

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.