by Das Brain
 In my last post of “What Stocks I am Looking At To Buy In Recent Downturn” I specified a few stocks. They are Sandisk, Blue Coat Systems, Coach, Amazon and the Nasdaq ETF. If you look at the charts for these companies the only one that did well was Amazon (AMZN), in my last post I mentioned getting in at $76, it is now at $95.24. Made about $1200 on AMZN options, got out early but “Profit is Profit.”
Another instrument that I looked at most recently the Nasday ETF (QQQQ) also went up as the index rose. Here however, I did not make money, it took a dip before it went up and hit my stop loss, so got out of this trade with a small loss.
Right now, I am looking at these stocks ahead of the New Year.
Research in Motion (RIMM) – Just reported recently, doubled profits and the stock gapped up huge. I am looking for a slight pull back and continuation of up trend within next month or so past January.
Tiffany (TIF) and Guess (GES) – The retail sector has been beaten up bad lately, and there are few bargains of solid companies out there. These are luxury retailers, and they both have global exposure which means if U.S slows, they have revenue stream from other countries.
Citrix (CTXS) – With VMWare so strong and virtualization being such a hot technology, Citrix I think will benefit from that, they have just recently finished acquiring XenSource which makes virtualization software just like VMWare and Citrix being a well managed company can leverage this technology to increase their revenue.
All the companies I’ve listed above looks right on the charts, so I am just waiting for the right time to buy long-term options on them.Â
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I am still monitoring those companies from my last post though, as they are still trade candidates for an anticipated January run up of the markets. December 2007 has been lackluster, so far with most stocks I am tracking going no where except for a few.
We will see in a month or two where these companies stock prices would be, and if I am right there are some nice profits to be had. If I am wrong then, well that is the nature of trading, set your stop loss and minimize your losses.
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* Make sure you read my disclaimer. I am not responsible for any trades you make as a result of reading this post. Please do your own due deligence. *
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