Issue: 4/20/2008

The Playbook 100

EGLE @ $28.44 (Eagle Bulk Shipping) provides international tanker transportation charter services for dry bulk goods through a fleet of 18 vessels. We mentioned it last week at $26.39 when we featured QMAR, which closed its deal of being acquired by Excel Maritime Carriers (EXM) the next day, so never traded. Those who bought DRYS, TBSI or EGLE that day are up anywhere from 10 to 30% in a week. We still like EGLE here for anyone who still isn't involved and would establish a position here with a stop loss at $25.50. We also would add to position on any weakness to $26.

 

Stocks Under $10

DGLY @ $9 (Digital Ally) produces video surveillance products for law enforcement, homeland security and commercial security applications .Revenues have increased between 254% and 999% during the last four quarters. Earnings have accelerated, rising 113%, 138%, 150% and 700% during the same time frame. Volume has been heavy on the buy side for the last two weeks. We will establish a quarter position here and add second quarter on a pull back to $8. The final half will be bought if we see $7.50. Our stop loss will be set at $7.




 

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Posted 04-20-2008 10:18 AM by Dave Dispennette