Nails on the Numbers

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Dykstra: How to Keep This Rally Alive

09/13/05 - 07:03 AM EDT

Lenny Dykstra

The first-game jitters are gone. Heading into the second week of my inaugural season, let's check my stats thus far.

My leadoff hitter last week, Symantec SYMC, was up 6.4% to $22.18 as of Monday's close, from $20.85 when I recommended it here. Keeping pace, my second hitter, Dow Chemical DOW, was up 4% from where I recommended it to $44.97.

While these represent impressive gains in a week, the combined increases will merely buy you a few gallons of gas or a couple of lattes at Starbucks. Always remember to keep things in perspective and please note: I am a trader! I lock in profits when I feel the market is extremely volatile, as it has been of late.

So I sold Symantec on Thursday at $22.22 for a $2.27 gain -- I bought the stock on Aug. 25 with a cost basis of $19.95. As for Dow Chemical, I am still holding my January $35 calls. Rather than cashing in here, I have chosen to wait because I believe this option will yield greater gains down the road.

So my table setters have done their job, they got on and scored. Now, we have to keep the rally going.

A Pitch to Hit

My leadoff hitter this week, Mine Safety Appliances MSA, should actually be hitting cleanup.

Mine Safety manufactures and supplies a sophisticated and comprehensive line of products used by workers around the world in the fire service, homeland security, construction, oil and gas, chemical and other industries, as well as the military. Somehow, this company has been able to remain beneath the radar screen. Insiders still hold 25.55% of the company. On average, it only trades approximately 226,000 shares a day -- although it did have a big move up on Friday, prompting me to sell my pre-existing position.

Now let's get to the bottom line: making money. This hidden gem certainly delivers on that account.

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At the time of publication, Dykstra was long Boston Scientific and long calls on Dow Chemical and Biomet.

Nicknamed "Nails" for his tough style of play during his Major League Baseball career, Lenny Dykstra was an integral member of the powerful Mets of the mid-1980s and the Phillies of the early 1990s, including the world champion 1986 Mets squad.

Today, Dykstra manages his own stock portfolio and serves as president of several of his privately held companies, including car washes; a partnership with Castrol in "Team Dykstra" Quick Lube Centers; a state-of-the-art ConocoPhillips fueling facility; a real estate development company; and a new venture to develop several "I Sold It on eBay" stores throughout high-demographic areas of Southern California.


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DOW was an pick on 2004-06-23