Wang’s Happy Trading

Hello everyone!

I hope your day was easy like Sunday morning, and that you were able to find time to relax like I did…

Speaking of “easy like Sunday morning”, Happy Trading and I went out for a couple beers last night, and he probably had a terrible headache today because he drank like a fish! He even did some karaoke, and, as I just happened to have my video camera on me, I was able to tape him doing his best Lionel Ritchie impersonation. It’s a good thing I can’t figure out how to embed that here, because he would probably be embarassed if you all heard him! Yikes! hehe

Now, I am off to a dinner party, but before I go, I thought I would let you know that … tomorrow I am buying 2 new stocks! wooohooo!

The first one is:

Spartan Stores Inc. (SPTN)
1 Month Chart
My price target $28.69
I am buying before earnings!

Check this out! April 28, 2007 - Martin’s to switch to Spartan from Our Family

Here is the blah, blah on SPTN:

Spartan Stores, Inc. (Spartan Stores) is a regional grocery distributor and grocery retailer, operating in Michigan, Ohio and Indiana. The Company operates in two business segments: Distribution and Retail. Spartan Stores’ Distribution segment provides a selection of approximately 42,000 stock-keeping units, including dry groceries, produce, dairy products, meat, deli, bakery, frozen food, seafood, floral products, general merchandise, pharmacy, and health and beauty care items to over 350 independent grocery stores and the Company’s 89 corporate-owned stores. In addition, Spartan Stores offers approximately 2,800 private label grocery and general merchandise items. The Retail segment operates 70 retail supermarkets and 19 deep-discount food and drug stores predominantly in Michigan and Ohio. On March 27, 2006, the Company acquired certain assets and assumed certain liabilities related to 20 stores of D&W Food Centers, Inc. and D&W Associate Resources, LLC.

and the second one is:

Cameron International Corporation (CAM)
3 Month Chart
My price target is $69.69

 

I like this!

Here is the blah, blah on the company:

Cameron International Corp., formerly Cooper Cameron Corporation, is an international manufacturer of oil and gas pressure control and separation equipment, including valves, wellheads, controls, chokes, blowout preventers and assembled systems for oil and gas drilling, production and transmission used in onshore, offshore and subsea applications and provides oil and gas separation, metering and flow measurement equipment. It is also a manufacturer of centrifugal air compressors, integral and separable gas compressors and turbochargers. The Company’s operations are organized into three separate business segments: Drilling & Production Systems (DPS), formerly the Cameron segment; Valves & Measurement (V&M), formerly the Cooper Cameron Valves segment, and Compression Systems (CS), formerly the Cooper Compression segment. In January 2006, the Company acquired the assets and liabilities of Caldon Company.

Bottom Line:

I have applied my usual “blender strategy” to these 2 stocks and feel confident that these will head north! As usual, be sure to do your DD before purchasing any stock! I will revisit these 2 stocks in 15 trading days!

Good luck!