Bought OXPS - bluedog

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Bought OXPS
Apr 15, 2008 04:28 PM UTC

bluedog

Return	Risk
-6.76%	MID

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Symbol	Sentiment	Start	Return	Closed
OXPS		04/15/08	+3.73%	04/24/08

Via Bluedog:

I bought OptionsXpress (OXPS) at $20.00. The company has been lauded by the industry and the press as a model for online investing including being named Best Online Broker by Barron's in four of the last five years. OXPS has a 1.6% dividend; $669m in cash vs. $0 debt; 18.78% 5-year growth rate; 39.5% profit margin; and a .66 PEG. Thomas Stern, a company officer, recently made open market purchases of 3,000 total shares. He purchased 1000 shares on Feb. 22 at $23.85, and 2000 shares on Mar. 13 at $20.42/share. Technicals show oversold and there is long term support in the $20 range.

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