Sunday, October 10, 2010

I got some HOOKs! Waiting for a big fish like BORN

Congrats if you are still in BORN!!!. I sold all of my shares around $12. I should have waited for some more time but I just wanted to stick to my target price of $12 and don't want to be too greedy. I think we're gonna get a chance to enter BORN back in at $12.50/$13....gotta be patient tho. I still think BORN has potential to touch $25 in couple of months but it gotta touch $12s and consolidate at various levels before topping out.

Here is my new pick.
HOOK Craft Brewers Alliance, Inc. engages in brewing, marketing, and selling craft beers in the United States. The company offers its products under the Widmer Brothers Beers, Redhook Beers, and Kona Brewing brand names. It also operates a small pilot brewpub-style brewery in Portland, Oregon. In addition, the company involves in the sale of retail beer, food, apparel, and other retail items in its brewery pubs. It sells its products in draft and bottles through restaurants, bars, and liquor stores, as well as in bottles at supermarkets, warehouse clubs, convenience stores, and drug stores. The company was formerly known as Redhook Ale Brewery, Incorporated and changed its name to Craft Brewers Alliance, Inc. in July 2008. Craft Brewers Alliance, Inc. was founded in 1981 and is based in Portland, Oregon.

The only downside with this stock is insider selling but I just picked it as a momentum play at $6.90 on Friday, 10/08. I have targeted it for $8.50. If the insider stops selling, it could go mich higher like BORN. I am still long on REE. It faced an ugly week with bear attacks but I noticed that it consolidated in the last couple of days and I think the downward pressure can be minimal and I believe that it could gap up Monday and test new highs in the coming weeks.

Recent Peformance
as of
82.94%Sell and Enter back in at $12-$13
33.74%Buy under $10 otherwise Hold - Target $15
11.11%Hold - Target $8
8.77%Hold - Target $6
0.00%Hold - Target $.50
19.00%Buy - Target $8
23.08%Buy - Target $7
($.59)-7.34%Strong Buy - Target $10
0.57%Hold - Target $9
($0.52)-18.51%Hold - Target $3.5. Use Stop limits on this stock
1.09%Hold - Target $7
7.79%Buy - Target $12
2.11%Buy - Target $21
($0.06)-0.65%Hold - Target $13
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!!!

No comments:

Post a Comment

Blog Archive

Who is Mr.Incredible?

My photo
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!!!