Stock Picks Update

Just wanted to take a quick look at where we stand with our first three Stock Picks of the Week. So far we’re off to a pretty good start:

We recommended CNET Networks (CNET) on June 2 at a share price of $8.91.  In that post, we indicated that it might be wise to purchase only half of your expected total position in CNET, thinking the stock might continue to sell off a bit, presenting an opportunity to average down in a few weeks. The stock closed at $8.01 yesterday, down 10% from where we first recommended it. I actually purchased the other half of my position yesterday at $7.94 – hopefully you did the same.

We recommended 24/7 Real Media (TFSM) on June 13 at a share price of $7.19.  The stock closed yesterday at $8.92, up 24%.

We recommended IMAX Corporation (IMAX) on June 20 at a share price of $8.31.  The stock closed yesterday at $8.98, up 8%.