A Few Small Trades
I made a few small trades this week. On Tuesday, I sold J. Crew (Ticker: JCG) at $39.98 generating a measly return of 3.57% and I used the proceeds to add to my Apple, Inc (Ticker: AAPL) position at $95.66. And today, I picked up a few shares of Volcano Corp (Ticker: VOLC) @ $18.14. I didn’t know much about Volcano until Jim Cramer mentioned it three weeks ago. Then in today’s Investor’s Business Daily, they had a write up about the company and I really bought the story. It’s a small cap company focusing on intravascular ultrasound (IVUS) products. They basically manufacture tiny cameras used to direct the delivery of coronary stents. The placement of the stents is critical and Volcano ensures exact placement. The analyst expects the company to lose 12 cents in 07, but generate a profit of 12 cents in 08 and 36 cents in 09. I shouldn’t be buying right now, but I couldn’t resist this one. Hopefully, this Volcano won’t blow up on me!!!
3 Comments:
Money T..
I don’t know if you subscribe to the notion, that all good companies, fill their gaps.
If you take a look at AMGN, you’ll see AMGN has a gap to fill at $60...
That’s why I bought AMGN, this week. I believe Amgn, is on it’s way to $61 or higher...
z-stock
I’ll go check out VOLC, that’s a gem, for certain.
Money turtle...
just stopped by to see if there was another post....
z...
My AMGN call worked out nice...I was on pins and needles ..there... for awhile....all's well ..that ends well...
Yes, I'm a firm believer in stocks filling in their gaps. I had a post about Invitrogen filling in a gap ahwile back. It's starting to move up now. That was good call on Amgen!
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