Market Summary
| Dow |
11617.32 |
+14.82 |
(+0.13%) |
| Nasdaq |
2313.74 |
+9.78 |
(+0.42%) |
| Russell 2K |
719.19 |
+2.37 |
(+0.33%) |
| S&P 500 |
1281.30 |
+4.30 |
(+0.34%) |
| S&P 100 |
592.75 |
+4.06 |
(+0.69%) |
| Quotes are delayed 20 minutes. |
Current Targets and Stops
| Symbol |
Picked |
ST |
SSL |
| AAPL |
$93.00 |
$225.00 |
$175.00 |
| CPNE |
$0.50 |
$4.50 |
$1.45 |
| CREE |
$25.00 |
$50.00 |
$23.00 |
| EFSF |
$0.18 |
$0.50 |
$0.16 |
| NIHK |
$0.04 |
$0.13 |
$0.08 |
| PNWIF |
$1.80 |
$6.00 |
$3.00 |
| QID |
$38.67 |
$42.19 |
$35.00 |
| RIMM |
$115.00 |
$120.00 |
$112.00 |
| SPKL |
$0.69 |
$2.00 |
$0.90 |
| TCGD |
$0.87 |
$2.00 |
$0.65 |
| TTGL |
$0.84 |
$3.00 |
$1.73 |
ST Denotes Suggested Target.
SSL Denotes Suggested Stop Loss.
Free Annual Reports
Current Covered Companies
OTC Blog
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| July 2008 |
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| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
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October
3, 2007 |
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Volume
VIII, Issue 66 |
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Home Page : www.otcjournal.com
Email Questions or Comments To:
editor@otcjournal.com
To
OTC Journal Members:
 |
Comments
in the BLOG |
 |
Lots of folks have been asking for
my view on a favorable entry level for SPKL- I posted a BLOG
yesterday
with my thoughts.
The BLOG is your opportunity
to ask questions and offer comments. I will make an effort to answer every
legitimate question. If I don't know the answer, I will contact the management
and get the answer. Alternatively, if you have questions you don't want
publicly displayed, you can always email me directly at editor@otcjournal.com.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG scrolls down from the upper right hand corner. The most
current journal entries appear on the right hand side of you screen. Check
back frequently for updates particularly when stocks are moving to overbought
or oversold levels in volatile markets.
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What Do These
Stocks Have in Common? |
|
Wondering what stocks these are?
After all, these are outstanding performers over the past year. They are
all in the same industry group, and it's red hot. I am going to publish
a new idea this weekend in the same industry group as these companies.
See if you can figure it out. I'll reveal the names and symbols in the
weekend edition, along with a new idea in this group that hasn't moved.
Send me an email to editor@otcjournal.com
if you want to guess the answers.
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Cree
(NASDAQ: CREE): Pulls Back to Perfect Entry Level |
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I'm not going to go into all the
reasons I like Cree (NASDAQ: CREE) again. Simply click
here if you want to read my original presentation. Let's just say the
the LED light bulb you are looking at will eventually replace the incandescent
light we have been screwing into sockets for about 125 years.
Fund managers would call CREE's
technology "Best of Breed". CREE has the best technology, and in
2008 LED's will start coming into their own.
I suggested jumping into the stock
in August at $25. It has since seen $34. Today the stock
got clobbered on a weak market day. Fund managers have just been itching
for an excuse to lock in their profits, and the cool market day had the
stock giving back some recent gains. Some analyst decided they would come
in with less than stellar earnings in Q3, and he claims the rumors of a
GE Buyout are "exagerated".
As you can see from the chart, shares
of CREE pulled back to a perfect 61.8% retracement on the
September move, and then bounced. If you are looking to take a position
in this stock, or add to an existing one, jump on it tomorrow unless there's
a big gap down in the overall market at the open. Then, you can hope for
a pullback to that $28.21 level. $29 seems reasonable to
me.
I own 1,000 shares at $24.50,
but will be looking to pick up more at tomorrow's open. I might pledge
some capital to a longer term option, as I did with Apple Computer (NASDAQ:
AAPL). The options I bought in August for $12,300 are now worth
more than $30,000. I'm looking for $172 to sell or reposition
for the move to $200.
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