Monday, May 21, 2007

Moving forward, few weeks of no-fee trades left

Finally, sold PNW at what essentially is the price I paid for it. What a waste of time. Now what? On prior occasion I contemplated investing in a few securities, let's revisit them.

MIDD, one I deemed most interesting. From the look of the graph and from past history (which we all know is a poor indication of future returns), needs to touch just below 120 before it may go up to 135.

SIMG is very close to its 52-week low and is more attractive than ever. TM is stuck at 120 with its planned American plants (understood by many to be a concession for unhindered claim to domination in its sector).

OYOG staged a healthy recovery from its recent dip. DWSN close but not as pronounced. My prediction on SLW was quite good (descended to 10.73, found support there and rebounded to 11.5), but no use for me.

The choice for tomorrow is between MIDD, SIMG, and LUKO.Y. The last one has been on my watch list (alongside with gas prices, which, it would seem, have firmly took the ground above $3 at the pump), and started recovering off recent lows. MIDD I know nothing about and SIMG is one I know little about. Which may be even worse as I managed to get some form of attachment to this underappreciated stock. That settles it. I'm placing a low-ball order to buy LUKO.Y at 75.59. If that order does not fill by the time I'm out of bed, I'll try to see what the trend is and project a more reasonable price... Or I may still go with something else.

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