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25-Apr-08

FRIDAY NOTES

If you don't own MRVL buy it now. I bottomed fished this name a while back in a buy and hold account and it has not partied with other tech. It was named by Deutch Bank today as their top big tech for risk reward and that's just why I bought it. This is- god willing -a two year hold. In that same vein I screwed up. I charted FLIR TO DEATH and I researched the name enough to get a little bored with it yet it fits into water plays which I eventually want to rotate into. I let this one gap away.

You will see I took a small stab at Cadiz yesterday just to test it becausxe it acts so illiquid. Well I instantly got smacked around so we have to be careful with this name, this is a bit by bit story- build a position and then cross your fingers and hope for the court case starting now to go their way. With all the water shortage problems everywhere common sense says the judge would side very much with Cadiz and would encourage the sides to make a deal. This has to be done water must be diverted from the Colorodo and STORED FOR FUTURE DROUGHT! We are burning up folks! Anyway so FLIR nailed earnings will be looking for a good retrace but may have to wait for the whole market to tank and that doesn't appear to be happening anytime soon.

You should now I hate kramer. I have challnged him many times to a stock picking contest. I email nothing. he's a clown. A dangerous clown as they all are. (Don't be fooled by lacluster results at Covestor friends this account often lays dormant for long periods I use it to trade small stocks and when I find reliable names I export them in large size to several accounts. You could go to Elite trader and go through my thousands upon thousands it seems of great calls). Anyway I don't watch Kramer his fan base scares me but I noticed today in my morning scans that he highlighted a company with a hidden wind division and those always get my attention- OTTR Otter Tail, cool name to.~stoney



Tagged Stocks: CDZI, FLIR, MRVL, OTTR

 

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