Myriad Genetics Closed Out

I closed out my full position on Myriad Genetics (MYGN) earlier this week on November 3rd @ $39.46 prior to their earnings announcements, in which they missed street expectations. I'm sitting mostly in cash and looking for new stock opportunities.

RIO Part Deux

Well in the interest in full disclosure I actually closed out my position in RIO on Halloween of all days. To be quite honest I put in a limit order that day way ahead of my projections and it popped at $38.25. What's weird is the high for the day was actually $38.29, so it just got in under the gun. I'm happy I was able to pull out a 14% profit in only 12-days, however I really really do like this stock and continue to be very bullish. I'm just waiting for this to drop to the low 30's and I will pile into this stock again. My other stocks that I have current sell orders for are: DELL at $38.00; VDSI at $36.10; OMCL at $30.02; and AFSI at $12.10. As you can probably tell from the current prices I'm bullish on the first three because my limit orders are well ahead of the current prices, however I am a bit concerned with AFSI, so I have put in a stop limit order for it. They are reporting earnings on 9 November, so I will wait and see and maybe there will be some upward action prior to earnings.

Ahead of Earnings

Today I picked up some Omnicell INC (OMCL) ahead of earnings at $28.02. Even though it is down in after hours trading today, I am still up from my initial entry point. The consensus EPS for tomorrow is 0.25 and hopefully this number is blown away during their 3rd quarter earnings call. My train of thought is to have a blow out number, which results in an initial pop up in price for a quick gain.