James's Picks

[IndianaJames]

10/19/06 - JDO

11:34 AM

Back in long position on JDO common stock shares at $4.71

Never sold my calls and still have them.

[IndianaJames]

10/19/06 - PGPM - Update

Do not buy this stock. If your long, get out. I was wrong!
They only made $29,000 last quarter from oil. They dilluted another 8,000,000 shares to make their money and "cook the books" to appear like they increased revenues by 45%, which by the way, was really 43.4%, but if you are going to put out a fluffy PR, then you might as well round up, right?

[IndianaJames]

10/13/06 - JDO update

Put a .40 trail stop on this morning which I thought would be very generous on a $7.00 stock, but I ended up egtting stopped out and got a lousy fill at $6.60. Those tricky market makers. Oh well, I made a bunch of money and I still have 20 of the Mar $10 calls. We will just let this stock mellow for awhile.

[IndianaJames]

10/13/06 - BLDV

This is one that you just nibble on here and there with a small portion of winnings from other succesful trades.

I only buy 20,000 at a time. You will spend a lot on commssions building a position and this stock is not going to give you instant gratification. I don't put much money into these, because it will indeed be dead money for awhile and there will be some averaging down.

You only invest what you are prepared to lose on these. But at .014, it can't drop too much further.

They are a bio-diesel play. These stocks are WAY out of favor right now with oil so cheap.

This is when I start to accumulate them.

Stop loss of .01 and a target of .09 in 6 months for a 900% gain.

[IndianaJames]

10/13/06 - MEOH

While I am not a bull on these alternative energy stocks unless oil is well over $70, MEOH makes just a fuel additive.

Methanol

Besides, oil will be heading to $70 again by year end.

MEOH is a great and fast growing company that is trading less than 12x earnings and they have a dividend.
Unlike PEIX and other not profitable ethanol companies, although PEIX is a great daytrader of a stock at times.

I was in MEOH for the last run when it got taken down to $18 and it should rebound again.

At $21.90 as I type, it has seemed to of stabilized and has finally shown support. If they had call options, I would buy them. But right now, I don't want to tie so much money up in common stock. I may start scalping it next week as I expect it to then make a few nice moves.

I reccomend buying. Stop loss $21.50 and a short term target of $24.00 - $24.50

[IndianaJames]

10/13/06 - CNX update

I went ahead and sold the CNX April 07, $30 calls that I bought for $3.60 this morning for $6.40

The stock got downgraded. Analyst are crooked and paid, and I usually buy downgrades, but I had a fairly hefty profit on them and I am hoping the weak holders do indeed sell because of the downgrade and I can buy some Apr 07 35's or 40's cheaper than they are today come next week.

[IndianaJames]

10/12/06 - JDO update

29% gain today, not bad.
Closed at $5.57 up $1.27 from $4.30 prior close. It reached a high of $5.84 around 12:45.
I figured it would take longer and the gains would be a little slower and tedious with daytraders bogging it down.

I'm being greedy and I'm still holding all. I will sell half of my common stock at $6.42.

It did $1.27 today, for 29% with even having a little dip. So there is a decent chance it does another 15-16% or .85 tomorrow, even though it is a Friday and might see some heavy profit taking in the late afternoon.

I will let the other half of common stock and the March, 07 Dec $10 call options that I grabbed yesterday for a .4338 average (bought several times at different prices) run for awhile.

I will hold the options for a long, long time. We will see how I do on them.

If everything goes well tomorrow, the stock will come hot out of the gate and I will be able to sell the half before lunch, and then I hope it sells off big, and I can do one of my favorite 3:55pm purchases and buy that half back to sell into Monday mornings gap up.

[IndianaJames]

10/12/06 - PTEN, NBR, GW

Okay, we are doing 3 at a time now. LOL

The oil services sector and the OIH has just been totally trounced on lately because the dive in oil and natural gas.

But these companies are CONTRACT drillers for their rigs. Contract is the keyword there. They do not market and sell oil or natural gas. They sell their services. The market trades these stocks way too forward looking like Oil will be $50 and natural gas will be $4 in the year 2008 and no more orders will ever come in again. The daily moves on commodity prices do not affect these companies earnings. Way out contracts several years are already in place. And just because natural gas tanks because some hedge fund such as Amarath screws up, doesn't mean the phone in their sales department is ringing any less for new orders. This is purely speculation on the part on investors.
Earnings are the driver and these stocks should actually be very boring and NOT trade very much % points each day at all. But you know how the streets opinion changes every hour and the market maker just HAVE to create a market.

These 3 stocks are the cheapest in that sector. They just all got a little bounce, so try wait for a pullback.

NBR - Earnings are coming up. Expect them to beat. Gene Isenberg, might take the company private. Because the street beat up the stock price too much. I bought Dec $30 calls on a week or so ago when it was putting in new lows. I also bought GW common stock at the very same time.
Since then, word leaked out about a buyout on NBR so it ran wild and took the sector with it ofr the most part. I have traded NBR here and there for well over a year and I have never seen it have a 7% or better day, so I sold what was originally going to be a few week trade and I took the money and ran. I was planning on getting back in after people took some profits, but I jumped heavy on JDO yesterday, so I will wait till I sell JDO so I'm not heavy in this sector.
If it gets under $28, load up.

GW - NBR might buy GW. It would be sweet for the both of them. If GW dips under $6.50 hit it. The cheaper it goes, average down.

PTEN - No speculation of takeovers that I know of, however this one is the cheapest of them all. The PEG ratio is only .12 the last I looked. Wow! So, if any one is candidate for a takeover, PTEN. Even if no takeover, PTEN is a good company that should not of gotten beat down like they did and it should retrace back to $30 by the end of the year. As a matter of fact, I think I'm going to buy some calls on it very soon.

[IndianaJames]

10/12/06 - PCU, PD

It's hard to type all these in and trade at the same time, so I am late entering many of these. But eventually I will get caught up. I hope.

There is only a copper surplus of 13,000 tons. While all these pundits and naysayers get on TV about the commodity bubble bursting but copper hasn't fell yet and it will.

HOGWASH

It rose so much so fast for a very good reason. There is a big copper shortage.

It takes 100 pounds of copper for every electric hybrid car motor. Not to mention all the other uses for copper including other electric motor windings, refigerant lines, all wiring, etc, etc, the list goes on and on, heck even the higher priced houses are getting copper roofs and flashing now, like they did in the old days.

When you really start to think about it all. A 13,000 ton surplus is not much at all. Especially if mining for it runs into any snags. And just because oil took a dive (I have many theories on this, but long story short it's all political and oil will rise after the November elections) they are still making many hybrid cars. TM is another great pick.

This shortage will only increase and once reality sinks in, copper prices will only increase.
PCU and PD have the biggest copper mines and as the supply and demand ratio drives the prices higher, they are in great position to make a lot of money.

For copper I like PCU, PD, RTP, CUP and BHP although BHP and RTP are widely diversified in all mining aspects.

Any pullback on these stocks, you buy them. Obviously the bigger the pullback the better, but if the pullback continues and the trade starts to go against you, don't even second quess yourself, be happy about the cheaper price and buy more to average down. You will come out of it smelling like a rose.

[IndianaJames]

10/12/06 - YHOO

2:57 PM

This one is tough, and I certainly have better ones to type in this message board, but I just went ahead and bought 6 (yeah I know, not much of a big spender) YHOO Jan 07, $27.50 calls. (.YHQAY if your interested)

YHOO is and has been dead money and I think the executives know this and know how the investors feel. I think they know they are up against the ropes and really have to pull something off big to get their stock into favor again besides buying facebook.

This is a little more of a gamble trade, accompanied with using the chart to make a judgement. And trading should never be a gamble, so be forewarned.

If the stock falls below that $23.30 price that it bounced off of last time, get out and take your losses. management has proved they don't give a crap about shareholders and accept my apoligies.
But at $24.15 (as I type), I think the risk/reward ratio is in favor of being long now, even if not much happens in the way of new, purely based on valuation and fundamentals, but I would expect some announcement by management that is going to catch everyone off guard in a few weeks or less.
I just don't think they are going to sit around and let GOOG run all over them.

I'll give this management team a month to get their shit together. If they don't dazzle me in that time with some good future plans, I'll sell the calls regardless of what price they are or if the stock falls under that $23.30 level, whichever comes first.

[gpcap]

no penny stocks for me i prefer stocks over 20.00

[gpcap]

i like this board and your picks glad you started it
george and marsha in sunny florida

[IndianaJames]

10/12/06 - JPM

Buy this stock (or call options) on any dips and resting periods. Sell a tad when it breaks out and pounds in new highs.

Rinse and repeat.

NEVER, ever go short on this stock.

This stock is going to $66.00 in 6 months.

No pun inteded with the 6's. Just reality.

[IndianaJames]

10/12/06 - ALJ

While I like all the refiners down here since they got beaten up so bad due to the crack spread.

http://www.futuresource.com/charts/charts.jsp?s=%2828*HU%29%2B%2814*HO%29-CL&o=&a=D&z=80...

I like to trade ALJ the best because they are fundamentally equal as VLO per say for the most part, but ALJ has a much lower float and moves in larger percentages.

My favorite refiners are;

ALJ
VLO
WNR
FTO
TSO
SUN
COP

Probably in that order.

[IndianaJames]

10/12/06 - CNX

And basically all the coal stocks.

CNX, ACI, BTU, NCOC, JRCC, FDG and even X.

Coal spot pricing competes with natural gas. Natural Gas got hammered, so everyone and their brother thinks the coal companies are not going to make any money and just slaughtered them. While indeed a few have guided down lately to add to the pain they were already experiencing, most notably BTU due to shipping issues with the rail car issues, the market has priced in a much worse scenario.

I like BTU because their coal comes from the powder river basin but CNX is a cheaper sotck purely on fundamentals. It really doesn't matter which one you own, because birds of a feather, flock together, but CNX just recently guided their revenue forecast which indeed was lower than they previously guided, but MUCH higher than the street had priced in. CNX goes to $35 and beyond fast and will be well over $40 by the end on November going into December.

Disclosure; I bought CNX April 07 $30 calls on Oct 4th. I may purchase some April $40's soon and sell the $30's.

[IndianaJames]

10/12/06 - GTEM


I ran out of post yesterday. I'm going to have to subscribe to IHUB.

Anyway, GTE, wow, if it could go wrong for that company it has. There are lots of rumors on it. There is like a "cult" of supporters. AMEX just delisted them. They went to the pinksheets starting yesterday. They will be going on to the OTC soon. Many people did not like the CEO, Tim Huff because of his many failed promises and overly promotional press releases. But they did like his for his vision and his technical expertise.

Anyay, he stepped down as CEO this morning but is staying on as engineer and as a chairman.

This is great news to everybody and I look for this stock to start to really bring in buyers.

Unfortunately this was not done while still on the AMEX.

Disclosure; I am long at $0.27

[xxMulaWin]

FGFC...Read the last PR.
Do your DD

[Self Made]

DKGR! Going to .02+ by Months end. Chart looks great!

[IndianaJames]

10/11/06 - AKAM -

There are 2 ways to trade this one. Whenever it has a strong day, I put on some puts and hold them for about 2 days as it pulls back for it's next regroup of strenth.

I think this stock has gotten way ahead of itself and some people will start to tak their shares off the table right before earning on Oct 24th, I would make sure I was short prior.

If AKAM post a dissapointing number and not so favorable guidance (AKAM is priced for perfection right now) short the crap out of because it's going to crash hard at least 10 points.

Either way, AKAM is a jab and leave short play until then. Never ever go long on this stock. it is too risky at these levels.

[IndianaJames]

10/11/06 - RIMM as a short.

Once again to late in making this board, but I have had RIMM puts for a coule days now.

I think RIMM will have a new trading range of $92 - $116 over the next 3 months. I feel that it got ahead of itself and the majority of the buyers in the past week or so were shorts covering and the market makers were helping to put on the squeeze.

I think people will start taking profits and this stock will see $102.50 fairly fast. If it breaks that level it could drop failry fast and perhaps even go fill the gap it left behind.

IF and when (a big if) that gaps gets filled, cover your short and go long.

[IndianaJames]

10/11/06 - CVS


Once again, I should of made this board sooner.

This stock along with WAG got beaten down to far from the Walmart prescription news.

This stock will be testing new highs again in a month.

WAG should trade with it. But I've compared the two side by side and I like CVS better because it trades as a lower price to book and price to sales.
Although anyone has my blessing to own either or both at the same time, because they will indeed trade together for the most part. I just prefer CVS.

[IndianaJames]

10/11/06 - JOYG - I know everything that any trader would ever know about this company. I should of created this board sooner so you all could of got in at the bottom. But it's still going higher. Much higher.

This stock deserves a p/e of at least 19x earnings.

I am making a call of $59.28 per share by year end.

I own MANY calls on this stock.

[IndianaJames]

10/11/06 - FIZ

The risk reward ratio is heavily skewed towards reward at $11.32 a share.

I think it goes to $14 and beyond in 3-4 weeks.

I have call options on it.

[IndianaJames]

10/11/06 - PGPM.pk

I have so much I can go over on this stock. But I'm not here to convince people. I personally don't care if you buy or if you don't.

I'm just going on record here and my performance can be tracked.

PGPM starts to climb to .22 after earnings are released any day now. It's currently trading at $.045 as I type.

Enough said

[IndianaJames]

10/11/06 - GPTC.ob

This is a junior uranium play. China is planning to build 2 nuclear plants a year until at least 2012. China wants uranium bad. And basically whatever China wants, I buy.

GPTC has just started drilling which will be completed in another week and then they will be sending samples to the lab for testing which will take 3-6 weeks.

So basically, you have about 4-5 weeks at the most to build a position.

I've done a lot of research and could say a lot on this stock, but I have more stock picks to post so I'll leave it short for now.

This stock is currently trading at a discraceful $0.075 per share.

I would immediately buy some right now and buy any and all dips under $0.07 and the low $0.06 would be ideal.

This stock goes to $.050 in 3-4 months and over $1.00 in 12-18 months in my opinion.

[IndianaJames]

10/11/06 - JDO - Oversold and big over reaction of not so good news.
Book value is $1.96 a share.

At $4.35 per share, it is now less then IPO price. Book value was far less when they became public.

Industry standard for even the big slow growing oil companies is 3-4 x book.

Heck, even END (Endeavour International Corp) trades at 5.19 x book and they loose money.

I watched it trade yesterday and you could tell that stops being triggered that were sending in market orders are what accellerated the faill so much. And created such a panic.
I personally think the selling was way overdone. But you know how the street overreacts when they are in panic mode.

On 10/10/06. 15% of the float turned over in the late afternoon, on 16.96 x average volume, most of which in just 40 minutes of trading.

On 10/11/06 as of 1:18 PM, 2,561,000 shares have traded hands. Another 15% or so of the float and 21 times average volume.

Whoever wanted out, has gotten out now.

I try to use the 3 day rule on these "crash test" scenarios.

I would go ahead and put on 1/3 or even 1/2 of you intended position now, but I believe after 3 days of continued heavy trading the stock will then begin to aggressively retrace to at least the $7.00 range.