Thursday, June 05, 2008

Perfect Chart?

It is nice to have a good stock chart for a change. Check out SIMG since I bought them about 3 months ago for $4.47. They have pretty much gone straight up (70% at this point) on very little news. I will admit I was tempted to sell when SIMG passed $5, then again at $6 and once more at $7. Stocks going up have been a rare commodity in my portfolio.

SILICON IMAGE INC (NasdaqGS) Edit
Range:1d 5d 3m 6m 1y 2y 5y max Type:Bar | Line | CdlScale:Linear | LogSize:M | L
Compare:SIMG vs S&P Nasdaq Dow
Want more control over the chart? Try our Interactive Chart.
Chart for Silicon Image Inc. (SIMG)

Splits:21-Aug-00 [2:1]
Last Trade:7.60
Trade Time:4:00PM ET
Change:Up 0.27 (3.68%)
Prev Close:7.33
Open:7.30
Bid:7.45 x 500
Ask:7.75 x 2500
1y Target Est:5.31
Day's Range:7.27 - 7.60
52wk Range:3.70 - 8.85
Volume:1,526,671
Avg Vol (3m):1,347,240
Market Cap:557.13M
P/E (ttm):41.76
EPS (ttm):0.18
Div & Yield:N/A (N/A)

In other news, my May 22nd tranche is off to an outstanding start. It is up about 8% in the first two weeks. I picked the stocks simply taking the 5 largest market cap stocks that day in the 50 greater than 100m list: RHI, ACN, TRA, MHP and AEO. I do think the market will continue to favor larger stocks until we start seeing a re-birth of M&A activity.

If I were to pick 5 stocks today using that same approach I'd get LRCX, TRA, RHI, FTO and HLF. I will likely use this screen at the end of June for my next tranche.

JTX announced disappointing earnings today. A few of Steve A's Magic Diligence stocks have taken some hits (BBSI also took a fall and HURC, which went up sharply intially has dropped just as sharply to about where it was when he first recommended it).

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