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Stock Picks Bob's Advice

Wednesday, 23 January 2008

Under Armor (UA) "Trading Transparency"

Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so pleae remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website.

A few moments ago I exercised my prerogative to make a trade with one position in my account.

I did this because the market appeared to be over-sold over the short-term, and was rallying into the close. Under Armor Armor (UA) is trading at $35.76 as I write, up $4.48 or 14.31% on the day. I purchased 800 shares at $34.99 just minutes ago. Wish me luck.

Bob

Posted by bobsadviceforstocks at 2:19 PM CST | Post Comment | View Comments (2) | Permalink

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Wednesday, 23 January 2008 - 6:41 PM CST

Name: "UBII"

My daughter mentioned UA. I think she was reading an article in US New and World Report. I just took another look and it bothers me that the trend line since August has been down if I read it right. I'm not nearly as technical in my choice of stocks as you are.

I also question the lasting value of the product they produce, especially in a recession. If they can find new products as profitable as their existing ones, then fine, but their going to have to do some work.

Myself, I'm looking for companies with products and/or services that will be good regardless of the economic climate. I'm betting on VIVO.

cdt

Reply to this Comment

Wednesday, 23 January 2008 - 6:56 PM CST

Name: bobsadviceforstocks
Home Page: http://bobsadviceforstocks.tripod.com

Curt,

Good points. You will see that I just rode the momentum on this stock which was way over-sold and was rebounding today. I unloaded most of my shares and held onto 150 shares as a position which I shall be monitoring closely. I believe that there is a definite market for the premium sports item much like Nike made that brand popular. I am bullish long-term on Under Armor, but as you can see I don't much like the chart either.

VIVO is a good choice which I am sure you know is one of my favorite holdings! Thanks so much for writing and visiting.

Bob

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