ATPG’s chart above looks ripe for a turnaround, but if you look at a multi-year chart you would see that they could fall alot further and with BP saying they may not have the well capped before sometime in August, that’s alot of time to keep on dropping.

Actually, I should never have bought ATPG. There hasn’t been anything worth buying and I got bored. I’ve been in cash only for what seems like forever. Guess it’s back to boredom and wait for a push to the upside. My thoughts right now are to buy and sell TNA above or below the 17 sma line for the summer at least (if it ever turns around).

Also, I have started buying back into PSVIX, my mutual fund of choice. I’m hoping it’s not to early, but that’s why I’m only nibbling. Will get back in size when it claws its way back over the 15 day sma.

I know, I should buy more stocks, but I don’t have a lot of time to watch a big list, day trade in the morning, work full time (Engineering) and run this and few other sites. Oh well, enough ranting.

Now, you should all go buy ATK. Why? Because it will probably go parabolic tomorrow. Hopefully following AAPL – Apple Inc. which I still hold. It hit the +10% mark today for me at $225.50 at the close. You know Wedneday I had my sell order on for $225.50 and the days high was $225.48. Today I deleted my sell order as I think there is more upside before the iPad goes on sale April 1st. They also had PR working on getting the word out that iPad pre-sales start tomorrow (Friday 3/12/10). I thought I saw pre-sales boxes at Costco last Saturday though.

I came real close to pulling the plug on “z20 Stock” AAPL – Apple, Inc. today too. It’s been acting so week. But, at the end of the day, I decided to let it ride into next week and see what happens. Nothing ventured, nothing gained.

UPDATE: Closed Friday 02/05/2010 at $19.47, up $0.42 from buy point.

So, for the current quarter, Apple is predicting earnings per share of $2.06 to $2.18, or $2.12 at the midpoint and analysts have been predicting EPS of $1.77.

Per Apple CEO Steve Jobs, “The new products we are planning to release this year are very strong, starting this week with a major new product that we’re really excited about”.

UPDATE: AAPL – Apple, Inc. is also a “z20 Stock” in tomorrows StockRagAlert.

For those of you who do not know what a “z Stock” is, here’s a short description.

“z Stock”: Is an undervalued, mispriced stock that just reported great earnings!

LPHI closed today at $21.92, up $0.95 (+4.53%) and provided a +3.78% gain on the trade so far.

UPDATE: LPHI was a “z20 Stock”. Sorry for the confusion.

Today I bought “z20 stock” MU – Micron Technology Inc. at $9.76. This one falls in the +10/-6 trades (sell at +10%, stop at -6%). With the caveat that I won’t hold the position more than 10 days.

As I was writing this, GMCR is heading lower still. I think it wants to touch $60 for sure. I’m wishing I’d went for DRYS again. It has gone from $6 to $6.50 this week already.

Here’s several excerpts from an article this morning….

“Green Mountain Coffee Roasters Inc. has lifted its all-cash offer for Diedrich Coffee Inc. to $290 million, or $35 per share, topping a lower cash-and-stock bid from rival Peet’s Coffee & Tea Inc., which offered $32.50 per share earlier this week.”

“Green Mountain’s revised agreement includes a termination fee that could range from $8.5 million to $11.5 million. If the deal is terminated by either party, under certain circumstances the fee will be payable to Diedrich.”

“Diedrich said Peet’s has until Monday to negotiate with Diedrich and amend its current offer. If Peet’s fails to submit a new proposal favorable to Green Mountain’s offer, then Diedrich said it will agree to Green Mountain’s offer.”

UPDATE: I am adding a little info on DRYS and a link to the news release about the Dryships Convertible Senior Notes Offering at Yahoo!. By the way, DRYS – Dryships, Inc. closed today, Thursday, November 19, 2009 at $6.53 (-$0.61, -8.53%). The about DryShips info below came from the news release I linked to above.

“About DryShips Inc.”

“DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore oil deep water drilling that operate worldwide. As of the day of this release, DryShips owns a fleet of 39 drybulk carriers comprising 7 Capesize, 30 Panamax and 2 Supramax, with a combined deadweight tonnage of over 3.4 million tons, 2 ultra deep water semisubmersible drilling rigs and 4 ultra deep water newbuilding drillships.”

LZ still looks to be doing okay. More market weakness tomorrow, and I’ll be out of this one too. Will look for some new opportunities.

And LZ seems to be heading higher.

Now what does mother Market have in store for us next week?

Like I said, Kicked in the teeth! DRYS was $0.11 away from my tentative daily sell price of $7.20. My spike price for LZ was $76.00, but we came no where near that. Right now I’m hoping we have a couple more days of up. But who knows? Not I, that’s for sure.

Now that I said that, tomorrow DRYS or LZ (or both) will kick my teeth in or something. Man, I need a stack of old stock certificates to knock on.

Anyway, I sold DRYS – Dryships, Inc. at $6.42 for a -2% loss. I am really ticked at myself as I had the trigger ready to go at $6.83 and decided to see if it could make it up to $6.98. Well it never came anywhere near that. The low was $6.20 and it closed at $6.23.

You know, DRYS was a perfect short today below $6.63. It landed there three times, and then fell through. It was good for $0.40 to the close which equates to -6%.

UPDATE: DryShips topped out the day at $7.68 and closed at $7.48, so I would have made out better just holding it till I got back.