Monday, October 24, 2005


Is Applica a turn around play?

Up about $4,500 today. I started a new position in APN this morning. Applica had been on my watch list for several months, ever since Cramer dissed the company on his show. The company released some very good news after the closing bell on Friday, which confirmed that bankruptcy is not on the horizon. In fact, the company now expects to generate $7 million in net earnings in 2006. I'm in for 6,100 shares at $1.64 per share (I had a limit order to buy 9000 shares but it was only partially filled).

What broker do you use for these penny stocks?
Also, good timing, somehow you got in the low of the day for APN!
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