Running With The Shark

[IIC]

The Rev Shark's Stock of the Week is DXP Enterprises, (DXPE). DXPE provides a wide variety of maintenance, repair, operating and production supplies such as pumps and hoses for the oil, gas, chemical and mining industries.

In its most recent quarter the company posted earnings of 65 cents versus 44 cents last year and saw revenues grow 34%. The stock is selling with a trailing PE of 21 but is expecting earnings growth of 38% this year and a further 26% in 2008 which makes it an attractive value.

Technically the stock has been basing for about three weeks following excellent earnings on April 25. The stock looks like it is attempting to turn up here and he expects it would gain some momentum should it make some higher highs.

He suggests taking a position around current levels and be a more aggressive buyer on a volume increase and a close over 49.

It was only 6 weeks ago


.

[riverbabe]

Blame Peanuts...I'm still hurtin' from Shark's DXPE buy rec...Well, actually I'm not...But I would be if I'd listened to him...So far he is 1/6 the last 7 weeks...I WANT MY MONEY BACK...Wait a minute...I never sent any money...lol

I honestly don't understand! I listened to Spike and have been shorting the whole thing (DXPE) for weeks (months) with fantastic profits. Where have you been? I don't remember the Shark saying buy, unless it was a long time ago. SHORT DXPE. Looking for a 5 down now. A buy to cover at about 39, a new short on an abc correction. Don't you read the thread? (never mind, I know you do love).

[IIC]

The Rev Shark says, " I was correct in thinking that the market might see some momentum action into the holiday but unfortunately the stock I picked for the week, ICE, decided not to participate. This action today should make it clear why I suggested not buying the stock until it exhibited some strength. If it had ticked up I imagine the hot money momentum players would have piled in. When that didn’t occur they dumped it and look for action elsewhere.

There is still a chance the stock will regain its luster in the next couple trading days and I would consider a buy if it starts to show strength. However I see no reason to bother with it while it is acting weak. "

And that's the total word from the greatest fish in the sea! Watch out folks. He is most probably right about most of them! River

Blame Peanuts...I'm still hurtin' from Shark's DXPE buy rec...Well, actually I'm not...But I would be if I'd listened to him...So far he is 1/6 the last 7 weeks...I WANT MY MONEY BACK...Wait a minute...I never sent any money...lol

[riverbabe]

ICE - don't bother, according to the Shark

The Rev Shark says, " I was correct in thinking that the market might see some momentum action into the holiday but unfortunately the stock I picked for the week, ICE, decided not to participate. This action today should make it clear why I suggested not buying the stock until it exhibited some strength. If it had ticked up I imagine the hot money momentum players would have piled in. When that didn’t occur they dumped it and look for action elsewhere.

There is still a chance the stock will regain its luster in the next couple trading days and I would consider a buy if it starts to show strength. However I see no reason to bother with it while it is acting weak. "

And that's the total word from the greatest fish in the sea! Watch out folks. He is most probably right about most of them! River

[peanuts]

Unfortunately...The Sharkster thought it better to not recommend MR...Guess he didn't want to BAIT me into hooking him...LOL

nah... he must have been looking at my lists this weekend

[IIC]

Unfortunately...The Sharkster thought it better to not recommend MR...Guess he didn't want to BAIT me into hooking him...LOL

[riverbabe]

Doug (IIC)

Please note that ICE is also on Doug's (IIC's) Cups with Handles list at http://sharptraders.com Good one Doug.

ICE,

[IIC]

Well...ICE is on our CwH list of course...Glad to see The Shark is paying attention to give his subscribers their money's worth

[riverbabe]

Looking for MoMo for ICE week of 7_2_07

This is the Rev's take on the coming week and his Stock of the Week:

"With the Fourth of July holiday smack dab in the middle of the week we are likely to see very choppy, low volume trading all week long. The good news is that trading around holidays often has a bullish bias. With that in mind we looked for a fast moving stock that is likely to attract the hot money should the mood turn positive.

Our Stock of the Week is Intercontinental Exchange (ICE). Last week the stock pulled back toward its 50 day moving average on lower volume. Since February the stock has the makings of a cup and handle type formation. It now needs to put in a higher high to turn it back up out of the handle. That means it needs to trade back up over 152."

He’d consider "putting on this trade on a move in the stock over the 151 range. If it can manage that there is a good chance buyers will help to juice up the momentum once again."

The key to this trade is that the market environment be positive and that there be hot money buyers looking for action. Thus it is very important that you wait for strength before putting on this trade."





So the Rev Shark gets the credit for this, please read the rest of his free comments at www.sharkinvesting.com.

[riverbabe]

River...your last 2 posts were the same...For $50 I'd expect him to say somthing different each day

Funny, until you mentioned it, I hadn't noticed. My head is not screwed on too well right now. Getting over a bad case of the flu or whatever it's called when...

[IIC]

River...your last 2 posts were the same...For $50 I'd expect him to say somthing different each day

[riverbabe]

Thurs night Shark tartare

"We were stopped out of our AAPL trade yesterday. The stock did bounce back today and may still see the window dressing and iPhone action we anticipated but it will be a day trade at this point. We would be very hesitant to stay in this name once the iPhone hype cools off next week. "

[riverbabe]

Wed.AM stopped out

Here's the guy: "We were stopped out of our AAPL trade yesterday. The stock did bounce back today and may still see the window dressing and iPhone action we anticipated but it will be a day trade at this point. We would be very hesitant to stay in this name once the iPhone hype cools off next week. "

[riverbabe]

AAPL Stopped out on Tuesday

This from the Shark: "AAPL, our Stock of the Week, hit our stop loss and we will close out this trade. I believe it is likely that the stock will see a run to end the week and may make for a good trade, but the technical pattern is poor, and we would not be interested in anything other than a quick flip at this juncture."

[riverbabe]

River,
I can also offer short walks on the beach and questionable stock tips.

----------billyjoe

Now, there's an offer...requiring a little more intense thought.