Mad Money Machine

We Will Not Be Slaughtered!

OK, we watched Citi Trends (CTRN) go down, then up, then back down. Let’s not do the same with our other winners: Votorantim Celulose (VCP) up 24%, Bancolombia (CIB) up 18%, and Seagate Technology (STX) up 38%. We’re going to sell all of them tomorrow at 10:00 AM. Then we will have to hunt for replacements in each of their categories: 1: A company you know, 4: A Financial, 8: Technology.

For the all-encompassing category 1, I think we gotta go with Southern Copper Corporation (PCU). It was our triple-buy stock (although it is no longer on IBD 100 or MagicForumlaInvesting.com but it is still in the MagicFormulaInvesting.com) and Jim said buy it this week. We’ll look for weakness and then jump in. Hey, let’s set a buy price of $81.81 and see if we can get filled in the next week.

As to the Financial: Jim’s most recent featured financial is from February 7th: OptionsXpress Holdings (OXPS). It is up 4% from the day before Jim mentioned it. It is also the IBD 100’s #3 stock this week. So let’s do a market order on it tomorrow (Friday 3 March) at 10:00 AM.

For the Technology category, we might go with iRobot (IRBT) if it comes back down from it’s Cramer Crackle. (Jim took a call from CEO COlin Angle on his March 1st show.) No hurry, we will rest in cash until the right ones are identified. Let’s set a bid at 28.42.

As for the losers: CROX, SLE, and now CTRN… Let’s hang in there and let them come back up a little. Remember, Jim has a price target of $35 for CROX and CTRN put up some good growth numbers recently. And SLE’s gotta be done going down, don’t ya think?

I’ll open up the comments on this blog so you can have your say. Hit the Comment link.