In Play: CF, DCO, MOS, SILC, SYNO & BKR
Here are several stocks that are acting quite well today. I will have some more In Play candidates before the market close....
So far: CF, DCO, MOS, SILC, SYNO
the Last In Play candidate for today is BKR....
So far, all the picks are performing quite well. DCO, SILC, SYNO and BKR are top-notch stocks that should head much higher if the market continues to act bullish. The fact that they are up 7% or higher shows that the stocks are experiencing high demand from buyers at the moment. But don't sleep on MOS and CF. Both of these stocks are in an industry group that continues to show tremendous strength (Fertilizers).
posted by Nick M. @ 11:07 AM
9 Comments:
Hey Bud Tell me whats gonna sink big time.. I think it is time to short.. keep an eye for shorts aswell..
BEST GOLD STOCK RIGHT NOW IS THE LONG TERM INVESTMENT.. I think.. will looming recession... any stocks do you know of gold selling.. or mining stocks..
Yre,
As far as shorting goes, I wouldn't short anything now as the market has pulled itself together since it has successfully bounced off the 200 day MA and found support above the 13,200 level. I posted quite a few shorts a few posts/weeks back. You may want to take a look at them as they may make good shorts again if the market falters from this point. Still, with the old winners still going strong (CROX, TNH, FSLR, etc), it is looking like the wrong time to short. At this point, I wouldn't short unless the indices meet resistance at their 50 day MA's. In a laterally trending market, it is easy to get tossed back and forth by small volatile bounces to the upside and downside.
As far as any good Mining/Gold Stocks: Check out ACO, SLT, UXG, ABX, AEM....these are the few mining and gold stocks that have popped up on my radar screen. They are nothing special as of yet as most of them still need more time.
i am into shorting as it seems certain that financial still have to take some beating.. i am betting on BSC goin furthur down.. they have a hand in (how big i do not know) subprime mess and if you see the stock took a ride since '02... so it has to go to that level.. let me know if my thoughts are a big miss.. else jump in n make some moolah..
I don’t believe that your thoughts are a big miss. The worst may not be over for financial stocks as a whole. Stocks such as FAF have recently announced that they are slashing jobs. The sub prime mess may hang around for longer than anticipated. As far as BSC is concerned, there is a good chance that BSC will head even lower. It would be good to add a short position when the stock climbs up to its 10/20 day MA, which is where it hits resistance. That level at 110 or a little above is the best place to initiate a short position in it. Then, if you want to add more to your short position, look for it to break down below the 100 levels. I am already short several financial stocks, among others. I have also shorted some market indices with futures contracts at the beginning of the decline back in late July/early August. Personally, I will not add more to my short positions until I see more weakness in the indices, such as failing to hold above their 200 day MA. This market is too crazy at the moment for one to commit too much capital on either side. I'd rather wait until a definite trend emerges before I go all crazy with either the shorting or buying.
Nick, Thanks for the insights as always !
What the stocks that you think are likely to go down the drain. To my mind, sinking wall street is written all over the subprime mess.. let me know what stocks still has some juice (financial/consumer spending related [for ex: best buy n related are down to 52 week lows] etc.. ) left to short..
Its a long shot but.. I am thinkin APPLE is also likely to sink with less consumers willing to spend money on mundane things..
Yre.
AND also Nick you know of
any companies that build apartments and RENT, basically rental property management companies. ... I think rental market WILL go up.. so is the opportunity.
Nick , I am posting on the go bits n pieces.. As far as gold is concerned.. NEM seems like a good pick.. n by rental proerties, i mean the ones with no subprime dirt on hands.. preferable the ones that went down in this year or two due to housing surge... i know you are the numbers guy.. but i am a social guy... and my shorts/buys are for next year.. i mean buy/short now.. and will yield only after 1 to 2 years big time... roof for upcoming rainy season...
YRE,
Let me try to answer your questions one at a time. 1) In regards to selling short AAPL, they just recently announced a price slash for their iPhone. Also, supposedly, somebody figured out how to unlock the iPhone so that it can be used with other service providers. These two catalysts may positively impact AAPL’s future earnings. As far technicals are concerned, you should short AAPL if it closes below the 50 day MA (preferably on stronger than average volume). Then, if it goes down to the 200 day MA, you should continue to short more if it closes below the 200 day MA. If it doesn’t and shows strength at the 200 day MA, then cover your short. 2) Don’t go too crazy trying to capitalize on the subprime mess, as this is not new. There will be plenty of opportunities to go short (as well as long) when a real trend in the market appears. Keep any new long or short positions small. Basically, do not load the boat on anything. Of course, there are still a few financial stocks that one can capitalize on the short side such as CS, STT, BSC, etc. There are also plenty of long positions that I have posted about that are doing just fine (ARCI, SIMC, BCSI, BKR, SILC, LNOP, RGEN, and many others). I will try to post a few more longs and maybe a short or two for the upcoming week. 3) As far as REITS and Rental Property stocks are concerned, I still do not think that they have bottomed out just yet. Still, I will give you a few that have caught my eye (O, MFA, NLY, NNN and TCO)
4. NEM seems like a good gold/mining stock. It looks like it may have put in a double bottom chart pattern. It still needs a little time before it becomes an attractive long. Still, a small position at the current price level is not too risky. 5) I’m not really sure what you mean by your shorts/buys are for next year. Are you implying that you plan to hold onto them until next year? Anyways, I answered your questions the best I could. I hope I helped out. If you have any other questions, don’t hesitate to ask.
-Nick
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