Got out of CBAI

By William Cash

Hi,

My CBAI position sold today.  I was looking for a penny, but who cares….close enough.  Ended up with $450 profit. Haven’t bought anything too busy at the shop.  Happy trades!  W$

Its time for the up n out on THRR.

By William Cash

Hi,

Its time for the up n out on THRR.  I had purchased an original position higher and then when I saw it had bottomed out, bought again at .0002 because I knew these folks would move the stix eventually.  When I bought the 2nd position, I bought 1.3 million to cover the original 300k position.  I sold 600k of the position to kiss cousins and break even.  I am left with 1 million at .0002.  I put in an order to sell at .0007.  We’ll see if it goes.  Here’s the current status below.  W$

Update 3/23/2010  THRR had been moving recently.  I had kept 1m shares that I had purchased at .0002.  I ended up selling them pretty well, but did not hold as long as I could have.  I ended up with a five banger after the dust settled.  Was a fun little poop of a stock.

Still no pinkies for W$, just not enough time.

By William Cash

Hi Folks,

I have not had the time to watch and buy the pinkies lately.  I have resorted to leaving the Strategy Desk open to watch a little when I can but have not been able to do much more than that.  I have set my view to the daily setup on a long term basis.  If I were to trade them on longer pinkie charts, the only one that I would do that way is CBAI.  I bought when it was down low again to let it make me some money.  I did put in 500 on that play.  For the last few days it has reacted favorably but not a large gain there.  I did buy the EBIX stock off the Nasdaq ex, but it has not split as they said it would.  I will just wait with that stock as it is a long term pick for me.  I know I said I would not trade tech stocks but this one I cannot pass up.  I’m thinking that if this does split as projected, it may open at the $13-15 range after the split.

What excites me about this stock?  They are under the radar.  They are too small to be taken seriously by the big guys of the market.  They have no competition to speak of.  They have a great money-saving software that works well.  They are not closing themselves off from the healthcare changes.  It seems that they are licking their chops over the prospects of a more organized “big brother” healthcare information system.  I like companies that have attitude too.  It seems that they have a bit of that.  The financials are apparantly honest and are not always exactly what the investors want to see.  In fact, they are finally making projections and the market reacted adversely to a responsibly delivered forecast target.  The CEO uses his people very well to make the company prosper.  He relies on his most trusted as he should.  If he died, the board would have a little trouble replacing him but they could do it.  Enough talk about why I like them.  I expect this stock to bring very good rewards for me as investors find EBIX more and more palatable.  They have split before in 2008 and this secondary split is a good sign to show their sensitivity to what group of investors make their stock profitable.  There is a cautionary flag I would put up is the shorting currently of tis stock.  I expect it from the TA side as it is on the downside of a head and shoulders pattern now.  My initial “good buy” target price was 46.77, but I may have to revise that in the next few days to determine where I want to go in again.  I have one position now at 52.00 that was purchased for the split.

Enough for now.

W$

UPDATE 03/23/2010  Still in this stock.  I think I’m even right now.  I am surprised that it has not gone higher sooner.  Only time will tell I guess.