I actually had to go back and read what I wrote last night. I think we said we might see the S & P 500 above 1344 by Tuesday and it closed today at 1,347. We did say that on Sunday not last night. We hope you got up early and read the blog because we had a nice idea about a call option for GRA. We got our double this morning and took the money and run. We have not had a double n a long time. Felt good.
There was a lot of good earnings news today along with a few losers. I believed we were way off predicting a big beat by KO, Coke. The reasons they missed we did call, rising costs. The good news out weighed the bad and the market went up yet again. IBD has again called this a confirmed uptrend.
I had two highlights today one had something to do with the market and one did not. The one that did not involved my son Jack. Mom had something going on tonight so son and I had a boys night out. I took Jack to our favorite place, Hanna's. It was just a couple of guys and it was a good time. Really proud of him.
The other highlight of the day was a nice note from one of our readers. She has been doin the homework, reading the IBD, learning how to read charts, and being patient. She even explained how she vetted another decision and her actions were spot on. Well, her homework was so good that we could not argue with the logic and we hope she does not mind me sharing this find with you. We have to because we have a buy order in at the moment that we are hoping will execute tomorrow. It is a long limit order for IRBT iRobot Corporation designs, develops, and markets robots to the consumer, government, and industrial markets in the United States and internationally. The company offers consumer products, such as floor vacuuming robots, floor washing robots, gutter cleaning robots, pool cleaning robots, and programmable robots. Its government and industrial products include 510 PackBot line of small, unmanned ground robots; the 310 small unmanned ground vehicle (SUGV) and 320 SUGV multi-purpose ground robots; and the 210 Negotiator, a rugged robot that performs basic reconnaissance for public safety professionals for state and local police and first responders. The company also provides its 500 PackBot products in various configurations, including EOD configuration to conduct explosive ordnance disposal, hazardous materials, search-and-surveillance, and law enforcement tasks; and ICx fido explosives detection configuration to screen packages and dangerous items, as well as offers iRobot 1KA Seaglider, an unmanned underwater vehicle that is used on long endurance oceanic missions to measure temperature, salinity, depth-averaged current, and other data for oceanographers and military planners. iRobot Corporation sells its products through chain stores and national retailers, as well as through the Internet to consumers, the U.S. military, and other government agencies. It has strategic alliances with The Boeing Company to develop and market a commercial version of the SUGV that is being developed under the Army's BCTM program; and Advanced Scientific Concepts, Inc. for exclusive rights to use its LADAR technology for unmanned ground vehicles. iRobot Corporation was incorporated in 1990 and is headquartered in Bedford, Massachusetts.
Our price is at $37.25. Our reader got in at a sweeter spot than that, but we feel $37.25-$37.50 is a good spot for to get on board. This has a quick 40.00 opportunity in the next few days. They had a great earnings report and some nice positive comments about the balance of the year and next. Please do your homework but this could be a nice ride.
Salve Lucrum |