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October 26th, 2010 at 11:55 am
Oxen Alert – $5 List
ENTG – A 12% gain today is in part due to its exceptional earnings and in part due to the fact that the stock is seeing unbelievable volume. The company averages near 1.5M shares per day. Today, the company is already over 2.1M. Interestingly, the company is not hitting as much as one year ago. This may be due to the fact that many investors are not selling their shares. We were able to make a solid 5% on the stock today through our Buy Pick of the Day.
ES – The company had a nice pullback to below 4.90 to 4.88. This may be a nice place to pick up some shares. I am going to pass since I have other trades in mind today.
KKD – To 5.95. We are going to remove it from the List if it breaks above 6.
SPF – Standard Pacific will report earnings after hours tonight. The company is currently trading at 3.75, so it will hopefully push this one up more. Too low to probably consider a Buy tomorrow, but we will watch it closely. The company is expected to hit a loss per share at 0.01 vs. a loss of 0.10 one year ago. It will be one of the first homebuilders to report, which is important.
ARIA – The stock is sliding 10% on news that the company will offer 16 million more common shares to help raise money for research.
CNU – We are adding a new stock to the list. This company is going to be added to the NYSE on November 1. It is right below 4.70, so it could turn out to be a real gem as it moves into closer to that date. We will be watching it closely, and it is definitely an investment to consider.
Good Investing!