RECAP April 23

Texas Instruments (TXN) which I was referring as TI in my previous post had a great earnings report.Futures are UP which bodes well for tuesday.

I personally like to BUY when risk reward ratio is very attractive.I will review why I have the stocks in my portfolio which will give a fundamental & technical picture as I evaluate each one of them.

SIRF....This is a GPS company which is growing....They reported thursday AH and missed by 1 cents based on analyst consensus...they also lowered their guidance by 1 cent....my original cost was $28.29.....it was pummeled to $3 down where I added 150% more...currently my cost is $26.72.....The reason I added more because in CC SIRF had clearly stated that a large customer had delayed their purchase.....and SIRF will be all caught UP in their sales by Q3...SIRF also confirmed their full year sales as given previously..thus no impact of this delayed order to the yearly picture.I think there was an overreaction to a non event.I personally feel that SIRF will be able to turn green as it is totally oversold by today's close.

SNDK...Flash maker is ready to turn UP as it is oversold .SNDK declining flash pricing has been factored in its downtrend from $80 to current $42 area....SNDK will be giving as expected guidance on its CC on thursday AH..which will be greeted positively and SNDK will be able to move UP.

STP...Has been oversold because of its problem of integration & pricing in its Japanese subsidiary....Now STP has moved all the production from Japan to China to create efficiencies.
STP will give better guidance in its next CC.I expect STP to challenge its recent HIGH trading range going forward.This is a very good play in solar area on a valuation basis.

PDN.TO... This an actual uranium producer building base @ C$9 area...very soon it will challenge its previous HIGH.

MOL.TO...This Molybdenum producer is building a nice base to challenge its all time HIGH of C$4.91...the target on this stock is C$7...nice upside.

RAL.TO...Today this went to an all time HIGH ..and closed @ the highest level ever.

UXG...This gold exploration company is operating in a very HIGH potential area...tommorrow they are participating in a conference in New York in front of Investors,Analyst & hedge funds....I am expecting news flow to be positive as we go along... with its upward pressure on stock price.

Sometimes I may be little early in some stocks ...but my cost base is also getting lower as I am buying more @ lower prices.......This way I like my risk / reward ratio.

Please do your OWN due diligence.

The BLOG does not recommend buy or sale of any stock listed above.

This BLOG is for educational purpose only.

Good luck on your decision to buy or sell.

Saleem