Weekly Stock Challenge 2/9/2007 - Win Free Trading Book

[Thierry Martin]

Stock Picking Challenge

Pick the highest percentage mover and win a free hardcover copy of Conquer the Crash!

Pick any stock that trades in the US market that closed at $2.00 or over with at least 100,000 share volume as of the Friday close before the contest starts on Monday.

Your entry price will be the market open price on Monday morning.

A brief rationale for your pick makes the contest more fun.

[Thierry Martin]

Picks for this week copied over from the end of last week's thread.

KEESH.S
I'm going with Ifinix Corporation - INXR

Jordan
I'll go with HMIN with earnings around the corner

reef
Put me down for RACK in next weeks challenge please.

safeman
I'm going with AOB. It has just formed a nice cup w/ handle formation and looks to me to be poised to break out at 14.00.

[MoMoney4Me]

I'll go long ANAD again for next week. I've just got a feeling that it's going to make a run this week before earnings release on the 12th.
I think we'll see a new 52 week high by end of week and stock from current $9 area to above $10.

ANADIGICS will distribute fourth quarter 2006 financial results at approximately 4:00 p.m. (ET) on Monday, February 12, 2007.

[who8me2k7]

Originally Posted by MoMoney4Me

I'll go long ANAD again for next week. I've just got a feeling that it's going to make a run this week before earnings release on the 12th.
I think we'll see a new 52 week high by end of week and stock from current $9 area to above $10.

ANADIGICS will distribute fourth quarter 2006 financial results at approximately 4:00 p.m. (ET) on Monday, February 12, 2007.

how do you think it will fair with the earnings reports? Do you see positive or negative outcome? Up or down afterward?

[who8me2k7]

I will take CRESY for this week...
it seems to be in a nice uptrend right now

[Pinguin]

Too bad I can't take two stocks, one short and one long. I'll try a short on PCU. Cramer pumped it again so it should be about ready to drop. :-)

[Tuxguy]

CWTR

[bahroor]

Originally Posted by Thierry Martin

and congatulations bahroor on a spectacular loss!
.

I only go down in style Thierry. Hope I didn't affect the average much.

I'll take EVCC - Short again please. It's just personal now (something you should never do with real money kids).

[MoMoney4Me]

Originally Posted by who8me2k7

how do you think it will fair with the earnings reports? Do you see positive or negative outcome? Up or down afterward?

Anadigics should come in better than expected. If past performance were any indicator, I'd wait until after earnings to take a new position. I've held ANAD for 2 years and in most every case there has been a pullback in share price of up to 10% right after the release. This is largely due to short term investors locking in the profits of the run-up in share price just before earnings are announced.
Afterwards they have continued to recover and moved on to new highs. I've added to my position in each case and profited by doing so. My average cost per share is $3.85. I bought my first shares 2 years ago at $1.39.
As a long-term investment ANAD will do well due to increasing revenues and their recent return to profitability after several years of losses.

[aiki14]

TGX short.