Our favorite purveyor of adult fantasy, Rick’s Cabaret International (NASDAQ: RICK) reported results May 12th, and there appears to be good news on the horizon.

I am recommending immediate purchase of shares in Rick’s stock at or around $6-7 per share, and in fact I added to my position at $6.90 on May 13th.

Readers of my Twitter feed were able to take advantage of my real-time buy alert as well as a weak stock market to grab shares of Rick’s at a fantastic price, as the company’s results while not stellar, show marked improvement and portend greater things ahead.

As I wrote in my recent buy recommendation for Rick’s shares, I feel that the company has reached an inflection point

While the economy still shows signs of weakness, it appears that as a result of

Out of the restaurant companies that I am covering, 3 of the names were on my radar screen late last year, with a formal recommendation of Chipotle’s “B” [[CMG-B]] shares at around $45 per share in my Top 5 Stocks for 2009 article.

I still feel strongly that this entire sector at the very best, is going to trade sideways for awhile, and at average to worse, is going to decline significantly for at least the next few weeks to months. Let’s get right into each name.

Insiders selling shares like there’s no tomorrow

Chipotle Mexican Grill owns and operates 860 “fast-casual” Mexican restaurants and offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere.

Chipotle adheres to what

A month ago, when Netflix was trading at $39.60 a share (now just over $39), I initiated a short position on Netflix [NFLX: 37.93, +0.07 (+0.18%)]. The total amount shorted was for a 1/2 position out of a full position, accounting for about 15% of my portfolio.

I am instituting a stop limit order to curtail losses if I am wrong, at about a 7-10% loss, or around $42.50 – $43.50 and I advise you do the same. If I am wrong and the stock pokes through its 50 day moving average on the upside (which will present resistance on the way up) then you need to take your losses and get out. If, however, the stock nudges through that level on weak volume on an up day in the market, you might want to look at keeping or adding to your short position, with an even tighter stop.

There

AuthenTec [AUTH: 1.78, 0.00 (0.00%)], the world’s leading provider of fingerprint sensors and solutions to the PC, Wireless and Access Control markets, released their Q1/09 earnings and held their analyst conference call May 12th after the market closed.

As I wrote on my Twitter feed, 3 of the companies in the portfolio reported last week, and all things considered, AuthenTec was not the highest on my priority list by any means.

Sure, I guess that speaks to the status of the company, and I’m seriously considering shuttering the entire position as I’ll discuss below, but for now, it looks like with AuthenTec’s huge cash position (the stock currently trades at less than the $2.31 per share in cash on hand), as well as their intellectual property (IP) and client

Today I covered my short position in Netflix [NFLX: 39.42, +0.88 (+2.28%)] at $39.90 per share.  The total amount shorted was for a 1/2 position out of a full position, accounting for about 15% 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 stop limit order was triggered, 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.

Why:

As I recently wrote, I think that the stock has gotten way ahead of itself, and has now shown extreme

Today I sold my full position in GeoEye, Inc. [GEOY: 21.72, -0.70 (-3.12%)], a provider of space-based and aerial imagery and geospatial information, at $20.75 per share.  The total amount in my portfolio 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.

Why:

As I recently wrote,