11 Nov

Thoughts On ABAT, QPSA, COOL And RENN For 11/11/11


Asia was up, Europe is up, futures are up and I’m guessing the good old USA will be up today too. Happy Veterans Day!!!

The U.S. economic calendar is light, with investors awaiting the University of Michigan’s consumer sentiment data for November at 9:55 a.m. Eastern time. The bond market is closed for Veterans Day.

Short and sweet with our updates.

The RENN earnings runup didn’t work and the neither did betting on earnings. Now I dig in and trade my way out for profit and trust me, I have no doubt I’ll find a way to make profit on RENN over the next couple of weeks. Here are more thoughts on RENN. If you decided to gamble with me, I applaud you for taking a calculated risk and ensure you, I’ll be providing updates on RENN until the day i close it green. This trade is essentially in my back pocket now and I’ll move on with my service as if it were closed meaning I’m going to pick up new positions while monitoring RENN daily.

COOL I really, really like into next weeks Zumba II launch. In hindsight I could have sold for $2,000 and bought back but I don’t live in the past, I only learn from it. I have 10k shares at $3.20 and I’m looking for a breakout of $3.45 again followed by a move just below $4 which is where I’ll look for profit. If COOL dips then I’ll be forced to drop 5k around $3.18 if I suspect it’s going to stay down. Then I’ll look to buy back at $3.00 or $2.75.

ABAT looks solid and I think we’ll see $1.15 to $1.20 before closing the trade. Today’s volume will tell us whether or not I’m right. With the market up and earnings next week I’d expect some buyers to load up today and if they don’t then it might not runup as much as I’m hoping.

The QPSA myYearbook merger went through so Monday’s earnings report by both companies combined will be the catalyst that makes or breaks this trade. More on that next week because right now my options are heavily dependent on what they report.


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