A New Destination

Friday, August 24, 2012
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		A New Destination   by Rob Goldman     Over the past couple of weeks we have seen small banks, biotechs, and even some specialty apparel companies achieve new highs.  During the summer months I tend to only casually follow most of the apparel companies.  But I closely follow trends in women-focused apparel companies, along with those firms that drive back-to-school sales.  This year, I elected to broaden my stock screens to include men's apparel companies as well.  This stock screen expansion brought a familiar stock back to my attention.   I confess I have never been much of a fan of the stock. Ever.  Looks like I was wrong. After performing due diligence, I am convinced that this stock is what I refer to as a "Rip van Winkle."  Buy it and go to sleep. When you wake up or check on it months or even a couple of years down the road, you will be rewarded.   Many of you are familiar with and may even shop at Casual Male or one of its sister stores. Casual Male Retail Group Inc. (NASDAQ: CMRG - $4.03) is the largest specialty retailer of big and tall men's apparel.  The company has 400 store locations in the U.S., Canada, and Europe.  CMRG operates under the trade names of Destination XL®, Casual Male XL®, Casual Male XL Outlets, Rochester Clothing, B&T Factory Direct, Shoes XL® and Living XL®.   To read more click here >> or visit http://www.pennystockjunction.com     Former Picks Under Accumulation   by Rob Goldman     I feel like I have given birth.  We launched Penny Stock Junction almost exactly 9 months ago. And much like the ups and downs and twists and turns of pregnancy, many of our stock profiles and recommendations have been all over the map. Thank goodness that by and large, when we have been right, we have been right in a big way. And when we have been wrong, the declines have been relatively modest.   I can live with that. What is hard to fathom, and what I believe most of us struggle with, is the length of time we should wait or have to wait until a real move occurs. Sometimes we are spoiled, as sharp spikes upward can happen in a matter of days or weeks.  In other cases, we are still waiting months after buying the stock for a "short term play."    I routinely monitor PSJ-highlighted stocks to see if they are still worth watching and/or buying at current levels.  Dryships (NASDAQ: DRYS - $2.41) was a stock we recommended buying six months ago and it promptly jumped 70% in a week or so on huge volume.  Since then, the stock - which has ties to Greek shipping and transportation - collapsed.  With the exception of one big spike, DRYS has been basing in the $2.10 - $2.30 range for months.    To read more click here >> or visit http://www.pennystockjunction.com

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