JVA perks to 39% gain, SMCG ready, MRM to continue

Active Ideas - MRM, JVA, SMCG, FIT

Notes:
- Tracking several new ideas so be on the lookout for email blog alert trade ideas

- www.thelion.com (Wall Street Pit) is the best stock message board on the internet

- Chasing stocks is never a good idea. If I miss a good initial buy range I will wait until it pulls back or wait for the next opportunity. I do my own research and I am responsible for my own trades. I don't jump in stocks because any individual likes it. No one stock picker is ever 100% accurate (including me). If you make trades just based on an individual or their track record (including me), you may be jumping in on their one idea of the moment that does not work. My blog is to document my own trade ideas and how they perform. It is not investment advice.

- Core shares are bought as initial buy. Trading shares bought if stock is running and are sold for scalps. Core shares held if I believe in the future. Mental stops used on remaining shares core shares.

Stocks:
MRM - Bought at $6.40 on May 19th. See Blog Alert. It hit at $11.25 on May 22nd for a 76% gain. They had a fantastic earnings report Read MRM press release. The reported EPS of $0.29 for the quarter vs. a loss of $0.29 for prior year. They have a float of 1.5m and o/s shares of 2.9m See Bloomberg. It is thin and volatile so not for large positions or chasing. However, I will add if it sees a significant pullback as I think this has the potential for a DDRX or BOOM type move and go even higher. It should have 1-3 (may have happened already) slow or weak days before next leg up. Read Latest Blog on MRM

JVA - Bought JVA at $3.15 on May 6th See Blog Post. It hit $4.37 yesterday, May 26th for a 39% gain. Took some shares off over $4 and will use mental stops on the rest. The company is due to report by June 15th. I am thinking business is strong due to the relationship with GMCR.

SMCG - Bought at $1.35 on May 21sh. See Blog Post to find out why It got some decent volume toward the end of today, May 26th and closed at $1.41 (after a high of $1.46). This one looks like it is getting noticed and will target the $2-$3 range.

FIT - Bought at $3.50 on May 7th. See Blog Post It hit $4.49 on May 12th for a 29% gain. Still think this has room if you own from the $3.50 range. Health care play. Won't add but will let play out.