chart14Today was a good upside on the markets after the reaction we have seen for the past few days. All the big boards were in the green and the housing and health care stocks were the ones that were the leaders in today’s rally. A stock that I talked about yesterday, Pier 1 imports was also up a healthy 5.88% from the residual effect on the positive news on competitor Bed Bath Beyond (BBBY).

Another stock that was up today and broke my predicted price of $2/share was my baby that I told you all about MANY times. (VVTV) is above the $2 and if you want to sell and skim the profits, its a good level and a VERY healthy gain. As of today’s close, my final gain if I sold today is 216%!! Dollar wise, I can walk away with a potential profit of $5005!!! I know a lot of you commented before when I talked about the stock rise, its good to know I am not alone in my celebration. This is one of my most profitable years and we have only got half way into 2009.

Here is the market summary for Thursday:

Looking at Friday:
Economic Indicator:
8:30AM Personal Spending for May
9:55AM: Univ of Mich Sent-revision for June
10:30AM Weekly Leading Index

News:
Accenture 3Q Net Dn 5.4% On Lower Rev, Raises EPS View (ACN).

Tibco Software 2Q profit almost triples.

Potash Corp cuts quarterly outlook on weaker sales (POT).

Hertz Predicts Return to Profit as Car Rental Demand Steadies.

Friday I won’t be watching the market. I can relax with a nice gain on the VVTV stock. Its really good to know that I have made a significant gain that will enable me to worry less about the markets and focus on some other products. Hopefully you can all use the above news to pick some plays. I might fall into temptation and get into Hertz since they are finally looking to turn a profit. If I do, it will be for a long position for no more than 250 shares.

Happy Investing!

Aman, MBA

Related posts:

  1. VVTV Does It AGAIN! Markets End Flat
  2. New 52wk High for VVTV Shares, Markets End Slightly Lower
  3. VVTV Has Made Me $6755 in PROFIT SO FAR!