Hello Oxen Report readers,
Well, we are doing well in one of our trades made in the past two days. The other is struggling. The Long Play I made on Wednesday of Hansen Medical Inc. (HNSN) has been a homerun hit. We got into HNSN on Wednesday at 2.57. We were looking for a gain of 5-7% through Friday. We got that gain yesterday at 2.74 for a solid 7% exit. I am happy! The trade we made yesterday was with Macerich Co. (MAC). We got into the stock at 30.60. The company reported earnings that beat estimates. They reported earnings of 0.90 vs. the estimated 0.80. Yet, we got burned because the market is upset how much they are off one year ago estimates. This was my fault. I should have seen how high that EPS was one year ago versus what was reported today. We got burned here, unfortunately. We got out at 29.75, but hit with a 2.5% loss.
One big homerun. One miss.
I am going to be out of town Friday and Monday. I unfortunately was not able to do any picks today. Starting Tuesday, though, I will be done with a project I have been working on for the past couple months that has taken up a lot of time, and I will be back with a VENGEANCE. I will be making tons of lucrative and profitable picks. So…get ready.
Thank you for your patience, and I will see you all early Tuesday morning. Over the weekend, I will send out a schedule of what you can expect…and I will stick to it.
Thanks again!
Good Investing,
David Ristau
