REXX, INCY, MDCO, ISIS

Just a small note on some shares. Shares of REX Energy (REXX) have been on the rise since April 16 when the company announced news of better than expected drilling. they also mentioned new charges/fees imposed by the state of PA, REXX will record $600,000 expenses in the first quarter. Anyhow, REXX shares have climbed roughly 18% since Apr 16 (from 9.25 to 10.95 on May 1st). Consequently we feel it too risky to hold through the earnings today.
Since we are in a profitable position (entry at $9.45 in mid April), we are exiting with a small profit and watching from the sidelines. Long term call options are too expensive to buy currently too.
Update: Although we got out, REXX reported earnings 1% higher than high case guidance and is consequently trading higher at premarket (at 11.35). If natural gas price remains stable or upward, then the stock has lot of room to grow!

INCY: Although we made predictions (random ones) of stock price going to $24 by Dec, that did not happen, but recent momentum has pushed shares up quite a bit. We are however sitting long on this.

MDCO: Predictions made did not reach target in Dec, so we offloaded about half of the shares in mid Feb. However, we still have some more and it was nice to see recent gains pushing the price up to the 22's. Holding for now, as we feel it can go higher.

ISIS: this has been a long hold since Jan and we are slightly in the red. The mistake was not adding more when the price was attractive in March. However, we do not believe in adding money to illiquid stocks unless we have very certain information about growth. Hold for now.

REXX news source (for Apr 16 news)
http://finance.yahoo.com/news/rex-energy-says-1q-drilling-155814119.html

Just for Fun

How's it going all you traders? Spring is here so let's have some fun. If you want to spend some time looking at curves and not just charts, head over to view entries in the Sexiest Vegetarian Contest and browse through till your heart's content

http://features.peta.org/sexiest-vegetarian-2012/Contestant.aspx?cid=7974

Toggle the Gender tab once you are on the page to view Female (or Male).

You can vote (sign up in simple - less than a minute -just a name and email address). To vote for our friend use this link.

Have fun, we will be back with more stock picks soon!
For now I am tagging these under HAIN and BNNY just for fun.

SIFY- just went long

Just went long on SIFY @ 3.70. I would keep my eye on TCL too..

But as of now I think SIFY has taken enough beating and it is a money making company, so it will go back up.

The tag for LVLT is that SIFY does business with LVLT.

MDCO increasing volume and price push

Keep MDCO on watch or try to initiate small positions as it is potentially breaking through...to newer highs..

Volume has been well above average last two trading days (this post written on Feb 2) and price is on up swing.

Disclosure: Long

Facebook about IPO.. business comparison vs Google

Facebook filed for IPO recently and will go public in a little while.

Now to the numbers:
Facebook reports that it has about 845 million users. I would like to add a footnote to that. That should be 845 millions user accounts. I know several people who had created multiple accounts during the initial phase when fb let each email address to create an account.

Second, Facebook reports that it made $4.3 Billion. That translates to roughly $ 5.2 per user. Google, on the other hand reports $ 30 per user. Of course, I am slightly skeptical of that number too, but for what it's worth Google has been making real money for years now.

Third, Facebook's voting shares, will be controlled to over 56% by Mark Zuckenberg, the CEO. That leaves no powers in the hands of investors who would be putting in hard earned new money in..

So, I will be staying clear of Facebook because I see it as a gamble where I don't know the odds. I might as well as play that money in Santa Anita or the Kentucky Derby.. and have fun in the process.