What:

Today I sold my full position in GeoEye, Inc. (NASDAQ: GEOY), a provider of space-based and aerial imagery and geospatial information, at $20.75 per share.

The total amount in my portfolio was was for a 3/4 position out of a full position, accounting for about 25% of my portfolio.

Those that follow me on Twitter received this update today as I made the transaction.

By the time some of you read this post, I will have already exited the position because my price target that I outlined was breached, so I advise you to subscribe to my Twitter feed that can be sent to your phone via text message or email for any actionable alerts that I will first post there before writing about in these pages.

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GeoEye, Inc. (NASDAQ: GEOY), a provider of space-based and aerial imagery and geospatial information, hit us with some good news, and a whole host of bad news today.

With GeoEye’s only U.S. competitor DigitalGlobe (NYSE: DGI) going public later this week, lots of attention is being bestowed upon both companies as a true apples-to-apples comparison can now be made as it relates to their satellite fleets, valuations and prospects going forward.

The problem?

As those that follow me on Twitter know, today GeoEye hosted its fiscal 1st quarter earnings conference call, and there was a little nugget of information about halfway into the call that caught Wall Street and me by unexpected surprise: The company’s newest satellite, GeoEye-1 is experiencing some technical problems that GeoEye is currently evaluating and determining how it will affect the company’s prospects going forward.

As you can see by the stock price, investors sure didn’t wait around for a nice and tidy explanation, and now with more focus on this sector as a result of Jim Cramer highlighting DigitalGlobe on Mad Money, as well as increased attention by various news outlets, now is certainly not the time for GeoEye to be experiencing some technical difficulties.

What follows is a summary of GeoEye’s earnings announcement and conference call, and what you need to know if you own, or are thinking of owning the stock.

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Short and sweet tonight, there’s some info that can’t wait for a nice and pretty post:

Please note: I highly advise you to subscribe to my Twitter feed to get the most up to date and real-time announcements from me on when to buy, sell, etc.

While my posts are more comprehensive and detailed, they will always lag my actionable advice.

–> Get updates you WON’T find on PeakStocks.com by following me on Twitter. Click Here.

Rick’s Cabaret: Time To Buy

Rick’s Cabaret International (NASDAQ: RICK): Rick’s stock has been on an absolute tear in the last 1-2 months, more than tripling in price from a low of $2.50, to $7.50 before today’s pull back.

I have been watching the trends at Rick’s as well as the chart and volume patterns, and everything looks bullish aside from today’s down move along with the rest of the market.

If you’ve been waiting to buy Rick’s on a pullback, now’s the time to do it.

Look to enter a position right here, and especially on any weakness below $6.00 per share.

Protect yourself on the downside and liquidate if Rick’s falls below $4.50, but I don’t think that will happen.

With improving fundamentals, restructured debt, and the recently announced highest monthly sales in the company’s history with improving trends at the weakest clubs, now’s the time to buy into Rick’s, not later.

• Strategy: Buy 1/4 - 1/2 position now, more if stock dips below $6.00. Sell entire position if stock breaks $4.50.

Gain more knowledge:

• Rick’s renegotiates debt obligations
• Rick’s April sales highest ever, turnaround in place
• Read my update on the company’s last earnings release and conference call here.

–> Get updates you WON’T find on PeakStocks.com by following me on Twitter. Click Here.

Netflix: Time To Short

Netflix (NASDAQ: NFLX): I won’t go into laborious detail about why you should consider shorting Netflix shares, yes even in the face of an apparent “bull market”, but suffice it to say, I think that the stock has gotten way ahead of itself, and has now shown extreme weakness, good fundamentals or no fundamentals.

Today was a critical level as the stock dropped below its 50-day moving average on almost 2x the volume.

Other indicators are also turning bearish for the stock, at least short term, and that is all we care about.

I haven’t officially tried to short yet, as 30% of the float is short, so I am unaware if it is hard to borrow the shares or not.

If it is, consider buying May puts for a short term move, perhaps June, but remember that this is a short term (1-3 weeks) play, and nothing more, as I believe in the management and prospects of Netflix overall, just not in such a heady way as we’ve seen lately.

As investors rotate out of these recession plays and look at more discretionary stocks where people are likely to migrate once the fear of losing a job and a down economy subside, stocks like Netflix that were strong on the way up, despite a down market, will be the first to fall.

I believe that has already begun.

Strategy: Short 1/4 - 1/2 position now, more if stock rises over the next few days. Sell entire position if stock breaks $43.50 or so.

Warning: if you are unfamiliar with shorting and how it works, please read my explanation and disclaimer about shorting  before taking any action.

Gain more knowledge:

• IBD article on moving averages, specifically for Netflix

–> Get updates you WON’T find on PeakStocks.com by following me on Twitter. Click Here.

GeoEye: Getting caught up on earnings

GeoEye (NASDAQ: GEOY): A couple of quick notes on GeoEye.

• Earnings: The company announced that they would be releasing their Q1/09 earnings after the market closed next Monday, and then hosting an analyst conference call Tuesday May 12th at 11:00 AM.
• Expanded Facilities: GeoEye also announced today that it has completed an expansion, nearly doubling the production space, of its St. Louis, Missouri advanced production facility.

Strategy: GeoEye remains a long term buy and hold in the PeakStocks.com portfolio.

Gain more knowledge:

• Read my latest earnings post about GeoEye’s continued execution and rising stock price here.
• OR: read my latest buy recommendation here.
  
• OR: listen to my EXCLUSIVE interview with GeoEye’s management team here.

–> Get updates you WON’T find on PeakStocks.com by following me on Twitter. Click Here.

I wanted to update you on 2 of the companies in the PeakStocks.com portfolio that have had developments in the last few days that you should be aware of.

These include:

• Rick’s Cabaret International, Inc. (NASDAQ: RICK): which announced on April 30th that it has reached a deal with certain debt holders to renegotiate it’s debt and put option obligation, and
• GeoEye Inc. (NASDAQ: GEOY): who’s only U.S. competitor DigitalGlobe (NYSE: DGI) is set to go public in about 2 weeks, giving us an apples to apples comparison for valuation purposes.

Let’s get right to it.

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I wanted to update you on 2 of the companies in the PeakStocks.com portfolio that have had developments in the last few days that you should be aware of.

This includes:

• Rick’s Cabaret International, Inc. (NASDAQ: RICK), which in the last few days has pre-reported Q2/09 sales and gave a brief business update, and
• GeoEye Inc. (NASDAQ: GEOY), which has garnered a favorable ruling by the U.S. government putting more money towards helping out the commercial space imagery sector, as well as an update on GeoEye-1 imagery demand due to geopolitical events.

Let’s get right to it.

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GeoEye, Inc. (NASDAQ: GEOY), a provider of space-based and aerial imagery and geospatial information, is finally coming into focus much like the company’s flagship satellite, GeoEye-1

The company reported its fiscal 4th quarter and full year 2008 earnings, and with the report and subsequent analyst conference call, soothed investor’s fears and gave a small preview of the earnings and revenue driver that GeoEye has now become now that they are firing on all cylinders.

My investment thesis has played out beautifully with GeoEye, with a great deal more good news still to come.

But with shares up about 50% in the last few weeks, should you be adding to your position or holding for now?

What follows is a summary of GeoEye’s earnings announcement and conference call, and what you need to know if you own, or are thinking of owning the stock.

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There’s been a little nervous rustling going on over at GeoEye (NASDAQ: GEOY) in the last week as the company came clean about its delayed filings, as well as some new deals that expand its imagery reseller program, and announced that it delivered its first GeoEye-1 images to Google (NASDAQ: GOOG) for public consumption.

I recently wrote that GeoEye was due for their 2008 full year earnings and filings, and mused about the possible reasons why they had been delayed.

It looks like those concerns have been cleared up, much to the relief I’m sure, of some shareholders that were sweating the silence.

On top of that, GeoEye then rolled out several announcements this week concerning their imagery reseller program across the globe with various resellers, and ended the week announcing their deal with Google has now come full circle.

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Aside from the tumult over GeoEye’s (NASDAQ: GEOY) latest satellite GeoEye-1 getting certified, we haven’t really heard much from the company in terms of earnings release dates, guidance, or really, what’s going on as far as investors are concerned.

I had to estimate based on various sources, when GeoEye’s earnings release date might be, and it looks like GeoEye will report earnings sometime this week, with the possibility that they will release those earnings tomorrow.

Why no fanfare? Why no previous announcement like most companies and in fact GeoEye, have done in letting investors plan ahead and know when earnings were going to be released?

Also, why were those earnings seemingly delayed by about 1 month from when they should have been released?

In this post I’ll go over the important aspects that we need to be aware of before GeoEye announces earnings and then break them down into the following parameters:

• What went right in the quarter: What were some of the positive developments that occurred within the company in the last 3 months.
• What went wrong in the quarter: What were some of the negative developments that occurred within the company in the last 3 months.
• What I want to see: All things considered, what I realistically want to see from the company as it relates to their business.
• What we need to see: At the minimum, what we need to see for our investing thesis to still hold and an investment in this company to be prudent.
• What we’ll probably see: After weighing what’s been going on for the last 3 months, what we can realistically expect when they do announce their earnings.
• Bottom Line: What it all means, and what you should do.

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Diversity, Diversity, Diversity…

That’s what we all want right?

WRONG!

I know it sounds counterintuitive, but actually owning a large amount of stocks that vary in industry, sector and size can actually hinder your overall performance and leave your returns mimicking those of the overall stock market!

Sure some years that’s a good thing, and others it’s not, but the point is that if you are looking to CRUSH the market and accelerate your wealth creation, you need to stop worrying about diversification, and start looking into gaining an advantage over Wall Street and the overall market forces.

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I wanted to update you on 2 of the companies in the PeakStocks.com portfolio that have had developments in the last few days that you should be aware of.

This includes:

• AAR, Corp. (NYSE: AIR), which had its landing gear operations shut down temporarily last week, has gotten approval from the FAA to reopen their Miami facilities and
• GeoEye Inc. (NASDAQ: GEOY), which announced on Friday right before the market closed, that the National Geospatial-Intelligence Agency (NGA), has approved their GeoEye-1 satellite imagery, and they can now begin to realize the full revenue of $12.5 million per month from the NGA for their Service Level Agreement (SLA).

Let’s get right to it.

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