New 52wk High for VVTV Shares, Markets End Slightly Lower
filed in My Investments on Aug.05, 2009
Today was a great day for some who play the markets while for many others, the weaker data caused the markets to react in the red and it was probably a good day to take some profits off the table. The financial markets were on a rocket ship today with (JPM), (BAC) and (C) leading the rally. Its really starting to look like a contraction in that sector in specific is ripe. Bank of America has been on a major run up for the last week.
In terms of holdings for me, once again, my money making baby of a stock, Value Vision (VVTV) shot up to create a new 52 week high. I love this stock and love the income its generating for me.
Here is the market summary for Wednesday:
Thursday:
Economic Indicators:
Aug 6 Jobless Numbers – Initial Claims
Earnings To Watch:
The only stock I care to watch tomorrow in my limited time will be (NVDA). Its setup right now to post a loss of 6 cents but I’m a wishful thinker and hoping for a better than expected number based on a sand bag conservative estimate initially stated. Most of the tech sector has done better than expected and I can hope this will maintain the trend.
News:
AIG, Fannie Mae, Freddie Mac Surge in U.S. Trading (FRE) (FNM)
-If anyone is looking to play a swing, watch the movement on Freddie and Fannie shares. These things are going to get a little volatile on the news from President Obama. I will start by playing (FRE) for small lots on dips.
Prudential 2Q Earnings Down 4.9%; Profit Smashes Views (PRU)
Hyatt Hotels registers for public offering.
Hungry for Whole Foods
The stock has tripled this year and Whole Foods Market’s profit margin is widening. But analysts are reluctant to recommend buying in at these lofty levels.
Happy Investing!
Aman, MBA
Related posts:
- Markets End Last Trading Day in Red…Slightly.
- Markets Moving Lower
- Markets Slightly Retract on Tuesday
August 5th, 2009 on 9:39 pm
I liked it. So much useful material. I read with great interest.
[Reply]
August 6th, 2009 on 3:52 pm
Hi Aman,
Glad VVTV is turning out to be so lucrative for you. I was wondering how you came across the stock, and if you have any advice for those of us trying to find stocks which will have that kinda run.
[Reply]
Aman@BullsBattleBears Reply:
August 6th, 2009 at 9:21 pm
Hey Lee,
I was just about to write you an email when I got your comment here…
I got into the stock back in March after just scanning the boards and seeing the collapse of so many once profitable stocks. ValueVision has a good core model and just seemed to be caught in a rough patch that investors did not want to have any part of. Looking at the numbers, VVTV has PLENTY of cash on hand at the time and it was a very promising return. When I first seriously watched the stock, I began to notice another positive trend. Insiders were buying very large lots of the stock on the open market. Once these two variables were in play, I was keen on getting a piece of the action. While doing so, I did notice the competition in the home shopping networks priced higher and that gave me a further reason to get into the company.
There were two things that the company could have happen and both were positive from a shareholder. Slowly grow and increase in share price and market exposure. OR, simple get bought out for a higher price.
If you are looking at the boards, its always good to just look into a sector, then once you are familiar with the sector, look at the potential outlook for that sector…for instance, if you were looking at a autoparts store, then I would look at the economy right now, its on the rebound, there is a cash for clunkers program, and people are buying newer cars rather than repairing their used cars..this would probably break down to that autoparts store selling less and having more expenses as mortgage rates on properties rise and fuel costs also rise which means added expenses shipping goods from warehouses. Now if I still wanted to get into an autoparts store after looking are the external variables, I would narrow down to two or three companies and see what the balance sheets are like, do they have cash on hand? how much of the stock is institutional owned? any pending lawsuits? what are the current trends for the company? expanding or contracting their operations? do they pay dividend?
I hope these help with your question Lee. As always I appreciate your questions and readership! Any other questions and feel free to ask! Just sorry if I’m a little behind in the responses compared to normal.
-Aman
[Reply]
Lee Reply:
August 6th, 2009 at 11:03 pm
Thanks for your thorough reply. I understand your a super busy guy so no problem on a response to my email. I’m just thankful for your blog and I try to learn as much as I can from it.
[Reply]