Visiting our Watch List (now with 24 stocks - trade ideas on that post). These are some of the stocks we still like for a purchase:
AAXN (was TASR): We never officially completed this trade so let's do so now in the OOP (prices have been updated to today):
TASR (5/22) – Our Stock of the Decade has pulled back to only 350% above our $5 entry so we're interested again. A combination of widespread civil unrest and too many cameras (which TASR sells too) makes it impolitic to shoot protestors (though beating grannies seems fine). There's a lot of competition in the body camera biz but TASR owns the stun gun market and those relationships give them a big advantage over the competition. Sales are not a problem for TASR – camera sales were up 150% from last year with overall growth at 46% – it's a margin issue ("only" 60%) and margins can be fixed quickly in electronics. This one is a buy for us as we took $29 and ran last year and now, getting back in is a must near $22. We already have 5 short 2019 $20 puts in the OOP at $3.20 and we can add 10 2019 $20 calls ($7.30) and sell 10 2019 $27 calls ($3.80) for net $3.50 ($3,500) less $3.20 ($1,600) we originally collected is net $1,900 on the $7,000 spread with $5,100 (268%) upside potential.
BMY still cheap:
DAL looks like it will break up (Buffett thinks so):
ESRX - We sold 5 2019 $65 puts for $7.50 in the LTP, now $9.20.
FCX - That strike isn't helping but copper is solid at $2.50 so think of the comps compared to last year:
FMCC - If they bring the 10% deposits back, these guys could be poppin'
GCI - We bought the stock (2,000) and sold Oct $7.50 calls for $1.10 and $7.50 puts for 0.60 and they've flipped now but we're right on target.
