Thursday, April 26, 2012

Holding DNKN SGMNF, Watching NEM

Greetings!
DNKN had earnings this morning and I was holding a small position from around $30.  I haven't read their release or heard the conference call, but it seems as though they have a lot of positive news going for them. The stock gaped up to over $33 and spent the day around the $32 range, closing at all time highs.  I still have a target of $35, but I think that momentum can carry this higher.  If I see $35, I will most likely be selling.  My stop has moved up to the 50 day MA, around $30.40.

SGMNF - I'm still holding Sutter Gold Mine from the 22 cent area. The long term story still sounds good.

NEM - I'm keeping my eye on Newmont Mining as I think the stock is seriously oversold.  They released earnings today.  I will read through the release and make a decision to buy if the fundamentals are still good. My entry would be around $48.50. Stop would be below the recent lows @ 45.22. If it can get past $50, my first target, I think $55-57 might hit.


Here's a video of my first guitar video....

~JP

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