Tuesday, January 5, 2010

ARIAD Pharmaceuticals & CDII (china magnesium play)

This Drug company has just a piepeline with Stage 3 drug that you shouldn't miss.
Technically it's on a nice recovery.
I bought today @2.31...
Short term objectif/resistance: @2.6US$
Look @the chart: ARIAD Pharmaceuticals, Inc. Share Price Chart | ARIA - Yahoo! Finance

Also, I had to cover up my short TWM, as the market just want to go up for the new year...
I admit it was a mistake to buy at a period where Santa Claus Rally & Beginning of the Year is usually giving more power to the Bulls...
Having said that, I might come back if the market shows sign of weakness...

Another Fast winner this morning was: CDII who announce that they will make 10Million US$ or Net revenue... Knowing that outstanding shares are 26+millions... Easy calculation made me buy it in early trade @1.3... and tried a doubling at 1.25, but was just too late...
hort term objectif and resistance: 2US$. (but I admit that this is still too low for its 2010 EPS)

Also, I'd recommend to have a look on High Yield plays such as: GAIN, GOOD & TAXI & PHB (Bond play)... All have a Yield of 9+%.. Not too bad if you want to your "cash" to make some return.

One more time, let me wish you a Healthy, Happy & Wealthy 2010...

Joël

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