MonkeyK's Expert Dogs

Time to start investing

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So the Strategy Lab Open begins today. What a great day for the start, everything is cheaper than if I had started last week.

I put in orders to buy
BKUNA 5,800 shares at $17.23 This was based on the last round's Value Shopper Nancy Z(? sorry Nancy, I am horrible with names and can't get to the last round summary) recommendation. She pointed out that Bank United is being affected by the sub-prime fallout, even though their loans are not quite sub-prime loans.

GROW 4,700 shares at $21.00. Based on Ken Kam's recommendation. As a fund management company, managing funds related to the energy market, there is no reason for US Global Investors to fall with energy price fluctuations. In fact, in my opinion, they should only be able to do better since they can buy lower and sell higher. I suspect that their funds will perform very well and they will attract more investors, resulting in higher profits for US Global Investors.

LNX 14,000 share at $6.89. This is my own selection. This stock has done very poorly over the last few years because the company decided to coast rather than put energy into new ideas. Well, leadership has changed, and they are taking a fesh look at everything. Leadership appears confident enough that insiders have been buying all year.

BW 2500 shares at $39.25. I saw this on some Motley fool anouncement. Usually I ignore them since I often see an announcement seeming to say one thing on one day and the exact opposite on the next day. However, occasionally, I like the reasoning and take a closer look at a particular company. In the case of BW, I do not remember why I decided to take a look, but I did, and noticed that there is a LOT of insider buying going on at arount $41.

ASBC 3400 shares at $28.9. This was Kelley Wright's pick and I like it for the same reason that I like BKUNA. Bank stocks are out of favor, even if they are profitable. Take some sub-prime fears, add some mildly bad news and you have an overreaction.

CX 3100 shares at 31.25. Another Ken Kam pick. It seems that investors do not like the companies that they own to buy other companies. Personally I do not mind if the acquisition makes sense. Cemex buying Rinker, for example seems to make sense: the aquisition is so worthwile that Cemex thinks they will make money right away.

PTEN 4300 shares at 23. My third Ken Kam pick (I tend to like what he has to say). I am actually a big fan of alternative energy, but in the short term, whatever I like, our addiction to oil and gas WILL be fed. And that means drilling.

Whew! If all of that goes through, I should be in compliance and can take a breather while I look for some more good deals.