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June 12, 2002


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92% Gains on IBN—Hold
June 12, 2002

Nuclear Cool-Down = 79% Profits
June 5, 2002

Hold Everything
May 29, 2002

Wink up 39% -- Hold
May 22, 2002

Wink up 39%
May 8, 2002

IC Update
May 1, 2002

Book 'em, Dano! Part III: Take 20% on EK and 6% on XOM
April 24, 2002

Hold JPM
April 17, 2002

EK Doing OK
April 10, 2002

Beer Deal of the Century
April 3, 2002

Book 'em, Dano: Take 22% on ABY and 3% on IP
March 27, 2002

31% Gains
March 21, 2002

Sasol Reports
March 13, 2002

Hold Everything
March 6, 2002

SPP Surge
February 27, 2002

Profiting in a Market Slump
February 20, 2002

83% on USOO
February 13, 2002

SPP on the Rise
February 6, 2002

TMCS Earnings
January 30, 2002

Hold all Positions
January 23, 2002

USOO Continues its Streak
January 9, 2002

Chip Sales Rise
January 2, 2002

Retail Sales Disappoint
December 26, 2001

Bluefly up 20%
December 19, 2001

Priceline up 40%
December 12, 2001

Bluefly up 20%
December 5, 2001

 

 

92% Gains on IBN—Hold

By Ian L. Cooper and Christian DeHaemer

It's time to rid our portfolio of our last "Dog of the Dow," J.P. Morgan (JPM:NYSE). Make sure you sell it now on the bounce. As of late, the stock has broken down below its moving averages. More specifically, it's 5%below its 13-day EMA, and more than 6% below its 50-day EMA.

As for our ICICI Bank (IBN:NYSE) play, continue holding. India's BSE 30 is back on the growth track. Breaking new records, IBN is now above US$8.30, giving us a decent 92% gain. Chris now believes that the breakthrough above the US$8 resistance level points to a new price target of up to US$11 for IBN:NYSE. His recommendation: Get ready to take profits at between US$10.50 and US$11.

Congratulations on your current gains.

 

 

MMM

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