Monday, October 03, 2005

You wanna PLAY buy you don't wanna lose

Well Cramer's got the word for you.
PLAY - These guys make the audio chips for the iPod and iPod Nano. They'll also make the chip for the iPod video. So he believe these guys will come out ahead. But I have to be honest with you, I don't like these smaller tech companies cause I have worked for some of them and I know how poor management can be really risky. I'd say if you're gonna buy this stock, wait a couple of days for it to pull back, also find out when the earnings are announced and do the usual research.
 
FWLT - This a oil engineering construction play that was sued and took a huge hit a long time ago on asbestos. Now the have power generation and biotech plants as well. Its up 240% but even now its considered cheap. Honestly though I don't know why these guys are up so much. A quick look at the financials tells me that they've been losing 7-8 dollars a share over the past year. They don't pay dividends and they only have a 10% margin. But they have what wall street likes. Say it with me, GROWTH potential. I am gonna be a buyer of this stock around 29, I might regret not buying it here when it hits $50.
 
For those of you waiting for SWN to make a pull back so you can do a mon back you might be in luck tomorrow, there's gonna be some profit taking so if it pulls back 3 points I would say its party time.
 
 

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