Coin Toss Method : INCY

After careful analysis of several factors that seem to affect share price of companies traded in the stock market, we have decided to make a forecast on some companies based on hope and coin tosses:

Incyte (ticker: INCY) - upgrade - new price target : $ 24 by December 17, 2011.

Nokia ADR (ticker: NOK) - upgrade - new price target - $ 10 by January 31, 2012.

Tata Motors (ADR) (ticker: TTM) - neutral to downgrade - price target - $ 18.50 by November 16, 2011 then eventually rising to $ 26 by March 1, 2012.

Medicines Company (ticker: MDCO) - new price target - $ 24.50 by December 30, 2011

All price and time forecasts are based on a healthy expected rate of return on investments held by me. There is no guarantee these stocks will behave as predicted, but if they did, I would be very happy and somewhat profitable! This is not a recommendation to buy or sell these stocks and definitely not a recommendation to short any of these.

General Notes (CGNX CRR RSTI INCY BG TTM)

There is a guy named James Stewart that wrote about this and some other stocks in Mar/April..

he had also listed CRR (carbo ceramics) Rofin-Sinar RSTI CGNX and few others..

I am kicking myself for not getting into CGNX some days back.. of course it is risky around earnings but then rewards are big.. oh well..

separately i did my own analysis on LYB, made profits between Apr 10 to Apr 28 but did not  hold it through earnings (chickened out).. Big mistake again.. lol.

only winners I am holding are Bunge BG and INCY

on a side note, I went long on TTM today @ 26.15. Let us see how this plays out