Wall Street Manna

An irreverent look at Wall Street

Friday, September 18, 2009

Merrill Lynch upgrades Sandisk

They move their target from $9 to $30, as they now see something in the stock. It's now a buy and not a sell.

After its moved from $6 to $22, the sharp eyed analysts now get on board! Where were they before?


At September 18, 2009 at 11:00 AM , Anonymous Anonymous said...

Hey I have a quick question for PRGN. It seems they are finished with their first equity offering and they may be possibily doing a 2nd. The money will be used to expand their fleet since I'm betting ship prices are low right now.

If one wanted to play this name, you think the Mar 5 calls are a good way of playing it? Thanks!!

At September 18, 2009 at 11:23 AM , Blogger Palmoni said...

I do and I think that is a really smart way to play it.

But then, I'm partial to option plays at about that price!

At September 18, 2009 at 12:57 PM , Anonymous Anonymous said...

is ETFC a good buy?

At September 18, 2009 at 1:55 PM , Anonymous Anonymous said...

Palmoni, Although MYRX has a cash value of $7.75...there is still a burn rate...unless their drug takes off...

at the current level of $6.6 is this stock worth holding long term? or is this really a short term play?


At September 18, 2009 at 2:05 PM , Blogger Palmoni said...

I took half out today at $6.66. Same thoughts as you.

That was the "trade" so I lightened up there.

At September 18, 2009 at 2:06 PM , Blogger Palmoni said...

ETFC trades better and their average daily darts are moving up. I think it trades up

At September 18, 2009 at 2:22 PM , Anonymous Anonymous said...

Thanks P


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