May 29, 2005

Okay. I’ve always traded stocks for the fun of it but I’ve decided that I want to start day trading as a hobby. Keeping up with the companies that I think will do great. I’ve compiled these companies through a list of other references. Here is a list of companies that I’m looking at buying.

Sony (SNE $37.70) - with the release of PS3 in Spring of 2006, the anticipation will keep rising until the release. The hype will rise and the first day sales will blow MS Xbox out of the water! Additionally, the demand for the Sony Portables continues to grow. Currently trading at 37.70, I truly expect this stock to raise to around $43 by the end of the first quarter in 2006.

Cimarex Energy (XEC $37.90) - this company is waiting for an acquisition to close. After the acquisition, Cimarex should be at the top of their game and an immediate increase. has been toying with a merger. I’m expecting the price of the stock to run toward $42.00 directly after the disclosure of the amount.

JP Morgan (JPM $35.80) - this company has been plagued by the market’s lack of faith in the merger between JP and Bank One. Although, there has been limited information released on this merger, a report I recently read from thestreet.com states that earnings could grow in the neighborhood of 20% in 2006!

Although the Sony P3 looks promising, I think the stock price may be overvalued as of today (according to some formulas that I recently ran using VectorVest.com).