Issue: 5/13/2008

 

Market Summary

The market turned in a mixed performance today after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse. The Dow fell 44.13, or 0.34 percent, to 12,832.18. The S&P 500 fell 0.54, or 0.04 percent, to 1,403.04, and the Nasdaq rose 6.63, or 0.27 percent, to 2,495.12.

 

Stocks Under $10

KAZ @ $7 (B M B Munai) is engaged in the exploration and production of oil and gas in the Caspian Sea region of the Republic of Kazakhstan. Revenues have increased between 217% and 662% during each of the last four quarters. earnings are expected to increase over 1,000% this year to $1.12 a share. Volume has exploded to the upside over the last week. We are establishing half a position here and will enter the remaining half on a pull back to $6.25. Our stop loss will be set at $5.50.



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Posted 05-13-2008 9:02 PM by Dave Dispennette
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