I noticed Whitehall Jewellers (Ticker Symbol: JWL) on Friday of last week, trading at about .98cents and a 52 week high of over $8.50. The company isn't in the best financial shape and was the only diamond retail chain not to turn a profit last quarter, but the risk vs. reward looked good to me at that time. If they were able to have a good holiday season I could picture this going to $4 or $5. Of course it took off today and closed at $1.36. So of course I wish I would have mentioned it over the weekend, as it's already up almost 40%. Even at the current price there is plenty of upside.
I've also started to watch Taser (Ticker Symbol: TASR) closely over the last few days. TASR hits a new 52 week low today due to a notice of official investigation from the SEC regarding price manipulation. The product is real and we all know it works, sometimes just a little too well.
I think TASR has good upside from here with a 52 week high of over $33. I don't see the stock price getting back there anytime soon, but I don't think a double back to $10.00 within 8 months is unreasonable.
4 comments:
do you do stock trading online? what company do you use? I've been wanting to get into buying some stock, but want to know more about it... nice post man...
Thanks I have a few different accounts.
I have both a Scottrade account and a sharebuilder account. The Scottrade account will let you buy and sell any stock, no minimum needed to open an account. Alot of the bigger firms have a $1k or greater limit to opening an account.
sharebuilder.com is great for a beginning investor. The site is very user friendly. You can make purchases for as little as $4.00, they offer a great number of companies, but not some of the more obscure or lower priced stuff...
Enrolling in Dividend Reinvestment Plans directly through a companies transfer agent is also a great way to get started. For some Plans there are no fees at all associated with your purchases.
I have these type of plans set up for Pfizer, Home Depot, Johnson & Johnson and Exxonmobil.
hey thanks for the hat tip, I think I'll give it a try, If I have any questions, would it be cool if I ask you?
100%.. No problem!
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