Wednesday, January 13, 2010

New Positions in the New Year - UPG, ADK-WT, COINZ

New Year started with a late Santa rally for me because I have added a ton of CIO-WT at .09 when the warrants dropped from .40 to .09. Like I expected the management is in the process of putting their money to work by trying to acquire two profitable specialty reinsurance companies engaged in the reinsurance of life insurance and property and casualty insurance and the business of investment management with total post transaction assets of approximately $1.5 billion; Read more here. The voting is going to take place on Jan 19th 2010 and IF the deal is successful, we will once again benefit big time like we did with CCMEW, CACAW, IDI etc. I am still long CIO-WT (Average price .14)

I bought the warrrants of COIN, the symbol is COINZ at .19. I dont know if any of you played COIN in the past but I did and made some quick buck on it. There has been a nice consolidation in the common stock price between .65 and .80 and started to trend higher with massive volume in the last few sessions (Crossed 50 DMA and tried to break 200 DMA but failed). Taking the recent developments like having a deal with Walmart and others, I think the common stock (COIN) will continue to show strength and will cross $1.25, which will reflect the trend in its warrants, which I expect to double from here.

I also bought some UPG shares at $3.80. Universal Power Group offers its batteries and related power accessories under manufacturer brands, private labels, and under its own proprietary brands. I just bought it as a low float momentum breakout play after they partnered with K2 Energy Solutions, Inc., a developer and manufacturer of rechargeable battery systems for electric vehicles and energy storage applications. K2 provides UPG with exposure to the emerging market for electric vehicles, and serves as another platform for future growth. Read more here. My short term target is $5.

There are lot of other stocks that I really like but some I already missed at a very low prices like SHE and SBAY.OB

Stocks that need to be added to your watchlist - SHE, TRT, CPEX, EVK, HKFI.PK, CNAM.OB, GURC.OB, CMDI.OB, CREG.OB, CIWT.OB). Out of this list, I would buy SHE when she pulls back! and also SBAY.OB

I sold HPJ and NVMI after they reached my targets. I am still holding CYAN, ADK, ADK-WT (recently added at 2.15), AMCG, CHSQ-WT (Symbol has been changed from HOL-WT - My average price was .40 and it closed at $1.06 today after hitting $1.50 a few weeks ago. I will continue to hold since it has got a lot of upside over a period of time...)

A general Caution and Advise -As I always advise in my posts, Do not chase stocks. please keep in mind that I am not a Stock Market Analyst or an Investment Adviser to count on my recommendations/alerts. As always please do your DD before investing or speculating, start with a small position, always keep your stop losses in place and emotions out. Finally thank me for your profits but do not blame me for your losses because you are the one who pulled the trigger!!!

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Who is Mr.Incredible?

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New Jersey, United States
Mr.Incredible is a Momentum/Technical Breakout player who trades small/micro cap plays and who saw a 600% Growth since 2006, Yes even in this down market. I am going to post my real trades (including profits/losses) soon...As a general caution and advice Please start with a small position and always keep your stop losses in place just in case....As usual Do your DD before investing. Thank me for your profits and don't blame me for your losses because you are the one who pulled the trigger!!!