Monday, July 9, 2007

BUY Medicinova (MNOV) Strong Speculative BUY

Though my guru hates pharmaceuticals….I’m speculating on this hot fizzy stock that’s been dropping since its debut late last year. It is down more than 21% since its debut. The recent news on concentrating on two drugs and stabilisation of the processes..has rung the bells.

25% of the stock is held by insiders and institutions. The balance sheet looks clean with 0 debt. The company has not been making any profit and that’s what puts it into the hot speculative call list.

Look for a negative day and get in around $8.35

Good Luck,

Your Adarsh.

KOG,CXW star in the latest win

We bought KOG at $5.08 after the recomendation on Friday July 6th.

One day after the recomendation we hit our 5% profit today.

Congratulations on the profit.

We took a snitzell off the table at $5.33, but our major portion remains to ride higher. Next resistances at $5.47 and $5.63.

Did you take profit with CXW? We took 25% off the table today in the wee hours for $33.53 .

Buy CXW if it holds the $32.17. That is a great support level. CXW has great support between $32.17 and $31.79 Load up if you see it moving higher. We are ready to buy more on dips here.

Took 5% profits off CXW and KOG today. What about you?

Both can go much higher.

Good Luck,

Your Adarsh

Thursday, July 5, 2007

Our baby Heelys gets another analyst boost - We love that

Analysts at Bear Stearns ..reiterated their ‘outperform with a target price of $35. That is one whole dollar or 4% more than our target price. If it hits their target it sure should hit ours ;)

Our previous posts / recommendations on Heelys….

http://youradu.wordpress.com/2007/06/29/whats-wrong-with-analysts-hlys/

http://youradu.wordpress.com/2007/06/28/holy-cow-we-got-lucky-with-heelys-again/

http://youradu.wordpress.com/2007/06/13/ahead-of-the-market/

http://youradu.wordpress.com/2007/06/21/where-is-the-bull-hiding/

Our criminal BUY is paying off . CXW up nearly 5% since our BUY. Tomorrow is the split pay off and we are sure the rally will continue.

Good Luck.

Your Adarsh.

Wednesday, July 4, 2007

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.