Citi (C) chart looks good, above all the major moving averages after popping back above the 50 dma today. Nice rising 10 and 20 day moving average as well as a strong reading on the stochastics. Financials have been strong since the Basel III accord was released and didn't have the kind of teeth that was expected and of the large banks Citi is the best value. I still think that before the end of the year the government will sell out the rest of its stake in the company and when that news is disseminated we will see Citi at $5+ in short order, which is why I am playing it through December calls.
Jamba Juice (JMBA) has finally got some life back into it over the last two weeks and its nicely above a rising 10 and 20 day moving average and a flat 50 day. Unfortunately, it is still stuck under the 200 day, and outside of this past Monday, has seen abysmal volume. If the market strength continues and JMBA gets through $2.50, I think we will see a nice run back to the highs and beyond because this one is worth far more than its current market value. James White is doing a fabulous job turning around this company and the nice steady improvement quarter after quarter is proof of that.
Fortress International Group (FIGI) is the investment that I am most excited about. This company's fundamentals are simply exploding and they are signing new contracts one after the other, building the backlog very nicley. If your not in this one already, take a half hour and listen to the investor call from Wednesday at the Rodman and Renshaw conference and do a little research, you will be shocked that this one isn't shooting through the moon.
No comments:
Post a Comment