The RealMoney contributors are in the business of trading and investing all day on the basis of ongoing news flow. Below, we offer the top five ideas that RealMoney contributors posted today and how they played those ideas.
Dell-PerotBy Jim Cramer
7:04 a.m. EDTWeird Dell ( DELL)- Perot Systems ( PER) hookup. I guess Dell wanted some recurring revenue. I bet this stops the nascent run in Dell. Positions: None
Dollar/YenBy Helene Meisler
10:05 a.m. EDTJust prior to my time off late last week, I made a fuss over the dollar/yen chart, stating that it had not made a lower low down through 90. This morning finds it not only having rallied sharply but having crossing through a steep downtrend line as well as peeking its head up through that resistance at 92. As I said last week, the relentless rise in the stock market began right around the point the dollar/yen peaked and headed lower, so a potential bottom here should add to the overbought situation in the stock market.
Verichip Jumping on the H1N1 BandwagonBy Hal Uy
11:58 a.m. EDTShares of Verichip ( CHIP) are up over 200% on news that the company has been granted an "exclusive license for patents used in Virus Triage Detection Systems for H1N1 Virus." The problem is that CHIP hasn't developed a test yet for H1N1 based on the Virus Triage Detection System. With pandemic flus generally lasting less than two years, even if the the company is successful, the H1N1 pandemic will be long over. Here is the white paper (note: it's a .pdf file) on the test they want to develop.
GM Cars in Demand but We Need InventoryBy Don Dion
2:02 p.m. EDTDoug Kass raises an interesting question on Real Money Silver concerning car sales. In checking with my auto dealer clients, it appears that they would be selling a lot more cars if GM in particular could deliver the new cars to the dealers. The 60-day money-back program is driving customers into the GM showrooms, but there is nothing to drive away with. Positions: long FSAVX
ArrisBy Tim Melvin
3:15 p.m. EDT I first suggested Arris Group ( ARRS) as an IT infrastructure play back in December of this year. The stock has pretty much doubled from those lows, and it is probably time to take some off the table. I would look to either sell some stock here or write the November or January 15 calls on a bounce up in the stock. This is a good company, but the price has overshot the fundamentals for now. Insiders have been selling, and it is time to join them. In February I suggested buying long-term calls on the stock. If, as I did, bought the Jan $7.50 2010 calls it is time to just sell them. A triple in seven months is more than enough for me. Positions: Long ARRS calls but entering order shortly after this is published to sell.