Bottom Fishing Part 2- Finding Stocks with the LOWEST P/E Ratio...
hey guys....
When I look for stocks, I sometimes like to look for bargins. I am talking about stocks that have dropped from grace and are cheap in regards to earnings per share. Among these fallen stocks, I look for companies that are close to bottoming out, along with what looks like a bottom supported with a substantial volume increase. I get even more picky! Once they meet the first set of criterion, I then look for the stocks that have healthy earnings growth or fundamentally sound. Of course the last thing I look for is if the stock is technically ready for a break out above the 50day or 2oo day MA. Yah, I know its asking for a lot, but thats only because I do not want to end up with a extremely crappy stock that although looks like a bargain, yet it may be far from it.
Okay, out of over 80 stocks, I have weeded out a few favorites: 1st class favs- IIG, GNTA, AUXL, TWW VSTY 2nd class favs- FICC, TBSI, BCGI 3rd class favs- None
Imergent Inc (IIG) is a stock in the internet network solutions industry. I like the stock because it looks like it has finally bottomed out and is starting to change into a bullish phase
Imergent Inc (IIG) 3 month chart
Looking good so far. I'm waiting for the stock to poke thru 1st and then I'll buy some. This of course is my suggestion. If you don't mind a little risk and want a bigger reward, you can buy now.
Auxilium Pharmaceuticals (AUXL) at 4.65
Auxilium Pharmaceuticals (AUXL) 3 month chart
AUXL is ready to poke thru.
Terremark Worldwide Inc (TWW) at 3.75
Genta Inc (GNTA) at $1.53
2 Comments:
Sauerkraut? Mmmmmmmm MMMmmmm good! I love me some Sauerkraut! And wait it even fights of bird-flu?! Thats it, I'm calling up Novavax tomm morning and letting them know about the secret ingredient that they have been missing from their vaccine! Who would have thought that a little bit of cabbage can save 50 million people worldwide. Lol.
12/15/06
Hard to beleive that I recommeneded IIG back when it was near $4 and now the stock is near 28. Good call, huh? lol
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