Good Morning, Lets get started

Posted on November 25, 2005 , filed under Stocks | Print This Post

After getting stuffed from Thanksgiving dinner, I’m ready to make some trades this morning. Today I’ll be watching BIDU, Baidu.com, Inc., and expecting the stock to rise early in the morning before investors take their profits later in the afternoon. I’m looking to short the stock at, or above, $86 today.AAPL, Apple Computer Inc., has a good chance to break $68 today. Another stock TASR, Taser International Inc., relisted as TASRE, has caught my eye. Taser, the Scottsdale, Arizona, manufacturer of stun guns, has failed to file its third quarter report on time and is subject to delisting on the Nasdaq. Taser has said it needs to restate earnings for the first and second quarters of 2005. The company will delay the release of its third quarter earnings until the first and second quarter earnings results are properly updated, until the third quarter results are available TASR will trade under the symbol TASRE. I believe TASRE presents an interesting short term investment opportunity. I would not take any immediate action in TASRE until the company restates its first and second quarter earnings. I expect that TASRE will drop, quite a bit, up to 30% of its November 23rd closing price of $7.40.

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