Tuesday, June 7, 2011

SODA and TNK

SODA is up over 6% today, I am betting it is in part due to short covering after the earnings news.  Still not sure I'm ready to buy PUTS on it...

TNK has been maintaing a great base around 9 even after 5-days of sell-off in the market.  This still provides us a 13% return.  Morgan Stanley lowered its target price to 10.50, an almost 12% increase from todays price.  Other analyst are still maintaining an 11-12.50 target.  Either way still the time to get in.

Happy Trading...

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