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Stock picks and one with significant insider buying
7/10/2009 1:48:59 PM | J.W. Cotton
3054 Reads | 2 Comments

Alternative energy stock pick of the week

We believe that Thursday’s action was the beginning of what could be a substantial correction. That being the case, we sold most of our important positions Thursday, and we can always buy them back if we are wrong. We would be taking profits (as we have said repeatedly recently) on those stocks like Google, Baidu, IBM, Research in Motion, etc., that have risen 50-200% since March 9, 2009. Even though we like the stock picks below, we would be buying lightly, with the expectation that we will be able to buy more at lower prices.

We have immediate sell ratings on the following stocks that have substantial insider selling: Amazon (AMZN) 79.32; Sempra Energy (SRE) 48.67; Vertex Pharm. (VRTX) 33.95; Copart (CPRT) 33.80; Mattel (MAT) 15.60; and Stec (STEC) 24.13. We would also be selling IBM (IBM) 101.73 (Again); Starwood Hotels (HOT) 20.90; Palm (PALM) 15.75; Juniper Networks (JNPR) 23.55 and Shanda Interactive (SNDA). The stocks below are historically low in price, and with good charts. VOXW has significant insider buying. Our normal buying strategy is to buy 40% of a particular stock now and buy 30% more on each 20% decline from our original buy price … for good entry prices.

Our stock picks (Based on Friday July 3, 2009, closing prices): Onyx Pharmaceuticals (ONXX) 27.97; Sunpower (SPWRA) 26.23; Gamestop (AGAIN) 21.07; Ardea Biosciences (RDEA) 16.89; Energy Conversion Devices (ENER) *15.06; Flamel Technologies (FLML) 7.98; Repligen (GGEN) 5.55; Novavax (NVAX) 2.88; Vical (VICL) 2.53; Evergreen Solar (ESLR) 2.39; Voxware (VOXW) 1.81.

Our option picks: 1) ENER- AUG 15 CALL .EOIHC -Friday closed @ 1.55 ASK…A Buy- up to 1.70; 2) ESLR -AUG 2.50 CALL .QLUHZ -Friday closed @ .35 ASK…A Buy- up to .45. This market letter was published on Monday, July 6, 2009, at 8:00 AM.

 

* Cotton’s “Stock of the Week”                      

** We hold a position in the stock or option      

 GO TO STOCKCHARTS.COM TO VIEW THE ABOVE STOCK PICKS   

YOU CAN EASILY LOSE 100% OF YOUR MONEY TRADING OPTIONS  

ABOUT THE AUTHOR
J.W. Cotton

Cotton's Technically Speaking is an online market letter published weekly by technical analyst Joe Cotton. The market letter features stock and option picks, and is based primarily on the analysis of stock and market trends. You can visit his website at www.cottonstocks.net to get more information or subscribe. 

The author, Joe Cotton, in many cases has purchased or purchases the stocks or options featured, at prices equal to or lower than, or higher than the recommended price herein. A double asterick (**) indicates the author either holds an option, or stock position in that company as of publishing date. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. THIS MARKET LETTER IS BASED ON THE TECHNICAL ANALYSIS OF STOCK TRENDS BY THE AUTHOR AND IS IN NO WAY TO BE CONSTRUED AS INVESTMENT ADVICE. For Investment Advice, consult an Investment Advisor or Certified Financial Planner. It is imperative that you use stop-loss orders in order to protect yourself against substantial losses in any particular stock-or in the event of a terrorist attack on U.S. soil. 

TO SUBSCRIBE, VISIT OUR WEBSITE WWW.COTTONSTOCKS.NET  OUR “WEEKLY ONLINE MARKET LETTER” is $4.95; a 6-Month (Introductory) Subscription (24 Issues) is $100; 1 Year Subscription (48 Issues) is only $200.00. ; A 1 Year (12 Issues). Subscription to our Simulated $200,000 Aggressive Trading Portfolio (with immediate E-mail updates on any Portfolio changes) is only $200.00.   100% MONEY BACK GUARANTEE ON THE UNUSED PORTION OF ANY FULL PRICE SUBSCRIPTION  You can subscribe online, or send a check or money order to : P.O. Box 66902, St. Pete Beach, FL 33736…Or  you can call us at 1-727-289-4436 -10:00 AM to 5:00 PM ET Mon-Fri.   We Fax, E-mail or Mail your subscription.        
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Comments
fuzzieLOGIC3
insiders have been buying v.shc for a long time
Alberta991
good insider buying on zimtu capital as well (V.ZC) http://www.canadianinsider.com/coReport/allTransactions.php?ticker=zc
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