Ancestry.com to file for $75M IPO

I'll be checking this out and posting as I find out more. They are looking to pay back CIT Group with 25% of the proceeds. Good news for CIT...

My last IPO Pics were Visa, VMW, RAX and SOLQ!

Happy trading...

Oh yeah, BIEL is still around .08! Crazy.

Ancestry.com to file for $75M IPO

I'll be checking this out and posting as I find out more. They are looking to pay back CIT Group

Penny Infatuation

I have never spent this much time researching and following penny stocks. However, BIEL has acted as I expected. I hope you got in when it dropped below .05 last week, if so you are sitting pretty. "Independent" analyst reported today that they expect .30 - .50 if the FDA approves the product. On that news the stock jumped again to just under .08 and on over a hundred million shares traded. There may be little chance to pick this up under .06 -.065 between now and FDA approval so if you are inclined to throw some money this way have the guts to hang in if it does get sell offs like last week after the CC. I would take that as a double-up opportunity, not a chase the stock to zero mistake. After FDA approval this will certainly move up, even if on momentum alone.

Happy trading...

A Pivot in the Diamonds?

DIA has been up and up and up lately with no pullback at all. It is in the overbought range but no decisive motion was had Thursday or Friday. Even if this is consolidation of a new base there fundamentally should be a pullback to the last range of resistance, around $88. So how do you play this "Pivot Trade?"

I think despite the run we have had there will be a pullback, nothing dramatic but fundamentally required. People will be taking profits this week as you would normally expect in a rally of this type.

I am planning on seeing how Monday unfolds, some more earnings out before and after the bell, and will look at buying Aug 88 DIA PUTS. If it looks like we may in for a stronger pullback the next support should be around $82. I would look at spreading out between 88 and 82.

If you have time check out the same for the QQQQ and SPY!

Happy Trading...

COPSynch Software (COYN.OB)

COP Synch is a small Texas company with a great product in my opinion and the two founders have an excellent plan and are both experienced police officers as well as business managers.

I mention this hear, as my second OTC trade, since I think it is a great product and after they presented last week at the Federal Law Enforcement Day in D.C. the volume rose as I expected. Volume still isn't huge but it was 3X avg volume and price was up as well.

PR here: http://www.globenewswire.com/newsroom/news.html?d=170105

I picked this up some time back based on what I saw in their application of current technology and reception the product has been receiving as well as the assistance they provided to help an agency with a $10M grant proposal to purchase and install their software. I removed my limit order on it and will be watching this as a potential investment or longer term swing trade.

Happy Trading...

Cyberknife system is one treatment for Prostate Cancer

This was a heading on my newspaper's section front page of the Health & Fitness section. It chronicled the story of a gentlemen who was told that nontreatment for older persons is the answer. Not happy with this he answer, he was older than 75, he went to California to treatment with Accuray's Cyberknife, previously cleared for use on the head, neck and upper spine, the rest of the body was cleard in 2001. The system is a robotic radiosurgery noninvasive alternative to surgery and involves no anesthesia or incisions. I recommended this to friends back in the $4-5 range and recommend picking up more when it pulled back to the $3's. I was happy with the consolidation around $5 and began selling $5 puts. Very successfull, they expired each time and even if they hadn't and were put to me I knew I could pull out of them based on the current trading range ARAY was in and the great news and growth of the company. It has now been trading above $7 and I am looking at the Dec 7.50 PUTS as my next naked put trade. Will be looking for a premium of $1.50. I may consider selling some calls as I continue to watch the company and would like to pick some up as a long term investment. The product is expensive, but it works, saves lives and can only get better.

Happy trading...