Running With The Shark

[IIC]

The Rev Shark's Stock of the Week is LJ International, Inc (JADE). JADE is a Hong Kong based manufacturer of gold, sliver, platinum and diamond jewelry and is the largest foreign jewelry retailers in mainland China. The company is expected to grow earnings 67% in 2007 which is double the PE based on 2006 earnings of 33 cents. Although it has not yet reported its Dec. 2006 earnings, it preannounced in Feb. that it expects to earn 16 cents for the quarter versus 9 cents in the prior year and expects revenues to increase 27% over the same quarter the year before.

To read more of the Shark's comments on this stock, please go to www.sharkinvesting.com. They are worthwhile reading.

And, JADE is on Doug's list of "Cups With Handles" as updated on 5/27/07.

I guess we know where the Shark gets his pix from...LOL

[IIC]

I guess we know where the Shark gets his pix from...LOL

JADE gapped

[riverbabe]

JADE gapped

I've noticed that virtually all of his picks gap on the opening the day after his pick comes out. Must be the size of his mailing list! A real market mover! Hmmm. River

[riverbabe]

JADE - for day 2

The Rev notes that JADE gapped up to start the day yesterday and then slowly faded offering up some good entry points.( This kind of action is fairly typical the first day of trading his pick. RB)

He also notes that the stock ticked up into the close and continues to be set up very well for further upside. He bought some shares on the dip yesterday and "will now give the trade some room to work."

[IIC]

Nice recovery on JADE...looks good...f/p is 13.16

[IIC]

Nice recovery on JADE...looks good...f/p is 13.16

As I posted elsewhere I took the bait and snagged some JADE in the 12.30's today...Hope I'm "Swimming w/ the Sharks" on this one...LOL

[riverbabe]

As I posted elsewhere I took the bait and snagged some JADE in the 12.30's today...Hope I'm "Swimming w/ the Sharks" on this one...LOL

Gutsy move. Best of luck. River

[riverbabe]

JADE report, after close on Wednesday

The Shark reports "JADE, our Stock of the Week, opened weak on the softness in Asia but climbed steadily higher all day on good volume. The stock finished up 65 cents on the day and looks poised to test recent highs. We will continue to hold a position and give the trade further time to work."

[riverbabe]

JADE from Thursday night

I got too busy to pay attention to JADE yesterday. Doug, I hope you fared well.

According to the Rev, JADE traded in a volatile manner yesterday and ended the day down just 12 cents after a much deeper dip (hope somebody caught it). He ends with his stock phrase, "the stock contains (sic) to look good technically and we will continue to hold shares and give the trade time to work."

[IIC]

I got too busy to pay attention to JADE yesterday. Doug, I hope you fared well.

According to the Rev, JADE traded in a volatile manner yesterday and ended the day down just 12 cents after a much deeper dip (hope somebody caught it). He ends with his stock phrase, "the stock contains (sic) to look good technically and we will continue to hold shares and give the trade time to work."

Sold for a 7 cent loss near the end...also sold the rest of GSOL for an avg overall of 1.38...No time to watch today

[IIC]

River...the Cups w/ Handles are updated...Let us know which one the Shark likes

[riverbabe]

FARO Technologies - June 4_07

In spite of the fact that the fly fishers, trollers and pole-in-the-water with the juicy worm on the hook at the end of the line fisher-peoples, who inhabit this $$HUGE$$ forum, had no trouble catching some good looking keepers this week, the Shark had problems. Might be hard for some to feel sorry for him, but ya know, this poor guy was probably struggling and losing sleep all weekend over this, so we will be kind.

Anyway he came up with the following:

"It was very tough to find a good stock that was not was technically extended. After some hunting [you sees? you should have been fishing, not hunting] we did find one that is setup quite nicely. Our Stock of the Week is Faro Technologies, Inc (FARO). FARO is a leading manufacturer of 3D measuring devices that are used in a wide variety of applications from forensic investigation to construction."

[RB disclosure:This one almost tripped me up when I was trying to post this last night. And I had to get up out of my nice warm snuggly bed to fire up the computer again and delete the post! Darn! Learn from me please: this company is NOT to be confused with FARO Industries (privately held) or with FERRO Corp. (a good Cleveland company)]

Back to the Rev, he says that, "In its most recent quarter the company posted earnings of 22 cents versus consensus estimates of 16 cents. The company is expected to grow earnings 105% in 2007 to $1.15 and another 31% in 2008."

"Technically the stock is set up extremely well for an assault [RB: now that's a pretty strong word to be using, so there MUST be some hope here]on its all time highs just under $35. We would not chase a gap up open but would be buyers on a close over 34 on above average volume." [Rev, honey, have you been reading my posts?? ]
For much more information on this really exciting company, please goto www.sharkinvesting.com.

And The Douggles does it again!!! #29 on the IIC 100!!!

[riverbabe]

Quote:
Originally Posted by spikefader
River, in chat I just posted a short setup for DXPE at current levels with r/r of 9 to target 36% gap fill and risk a stop over the potential daily double top. Seems to have fallen out of an impulsive count, which supports the trade.

Good luck.

Spike, you're the greatest! In short at 51.60 with hard stop at 54. River

Just chickened out of remainder of DXPE short hitting new intraday highs 48.50 at 3:30 PM with volume. Covered half at 46.71 this AM. My first ever real short -- 8.4% in 6 trading days. I'm happy. Found out you need nerves of steel to do this! Whew! River

[riverbabe]

FARO new information important

This is a little discouraging if you decided to try out FARO (I didn't but that doesn't mean you didn't)

This is the Shark report tonight: "FARO, our Stock of the Week, was hit by an analyst downgrade, based on valuation, prior to the open this morning. The stock attempt to bounce back but the uncooperative broad market provide to be an issue. The stock is still in good shape technically and we’ll give it a bit more time to prove itself but we’ll keep a tight stop in place and not let it fall too much before we move on."

I personally will not lose any sleep over this. Hope you don't either. Riverbabe

[IIC]

This is a little discouraging if you decided to try out FARO (I didn't but that doesn't mean you didn't)

This is the Shark report tonight: "FARO, our Stock of the Week, was hit by an analyst downgrade, based on valuation, prior to the open this morning. The stock attempt to bounce back but the uncooperative broad market provide to be an issue. The stock is still in good shape technically and we’ll give it a bit more time to prove itself but we’ll keep a tight stop in place and not let it fall too much before we move on."

I personally will not lose any sleep over this. Hope you don't either. Riverbabe

River...Can we change the name of this thread to "Drowning w/ the Shark 4 Fifty Bux a Day"???............LOL