Hey all. Happy Monday from Michigan. I am spending the week working here in the beautiful state with some family and friends. So, on Friday we got involved with two new plays. The first I want to talk about was an Over Weekend Trade in Wonder Auto Technology Inc. (WATG). The company, on Yahoo Finance and Briefing’s Earnings Calender was slated to release earnings on Monday morning. Yet, there appears to be a lot of confusion about if this is actually happening. On some message boards, I read that the date was wrong. We will watch it closely in pre-market, and I will update on the situation. For now, we will probably want to exit this morning…

We also entered a Weekly Play in Kulicke and Soffa Industries (KLIC). This company looks poised to make a strong run upwards this week, and we are excited about them. We got involved at 6.65. We will hold for a 4-6% gain.

Today’s market is looking up in the early goings, but we will need to see some earnings and the ISM Manufacturing report before too much can be said…

 

Buy Pick of the Day: IN PROGRESS

 

Short Sale of the Day: IN PROGRESS

 

Good Investing,

David Ristau

 

More on this topic (What’s this?)
Drag duo, no, trio (naked capitalism, 7/28/10)
Japan’s economy slows (Investment Postcards from Cape Town, 8/1/10)
US GDP growth on year-ago basis highest since 2005 (Investment Postcards from Cape Town, 8/1/10)

Read more on Manufacturing, Wonder Auto Technology, Net Income at Wikinvest