Stock Picks and Trade Ideas for Monday, December 31, 2007
New Buy Ideas: EFUT (rebuy), GRC, PRKR (rebuy), ZOLT
Add To: ASTI, JST, LNN
Out of all of these, I would be especially careful with EFUT since it's the most volatile of the bunch...
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New Buy Ideas: EFUT (rebuy), GRC, PRKR (rebuy), ZOLT
Add To: ASTI, JST, LNN
Out of all of these, I would be especially careful with EFUT since it's the most volatile of the bunch...
The schedule of postings for the next few days will go something like this:
Monday (morning): Stock Picks and Trade Ideas for Monday
Tuesday-Friday: Between this time period, I will post my end the year review. I will also post my goals for 2008. This will include what I want to accomplish as far as performance, trading strategy/discipline wise, etc. I was hoping to have already done all of this, but I have been extremely busy the last few days and haven't had time to devote to the blog. As of now, I have to cook and prepare food for both Dec. 31st (New Years Eve), as well as New Years Day for my many large family get togethers.
at some of my current favorite stock plays.
CUR (recent buy candidate)
Why I like It: Semi-Low Float (26M), has some interesting prospects in stem cell research which could be the reason behind its recent strong moves.
EPM
Why I like it: Small Float (18M), good recent earnings, and an analyst buy recommendation. Technicals are also looking good as the stock is displaying strong upward momentum right off its 50 day MA (shot up 16% today).
MELI (a recent buy-up nearly 70%)
Why I like it: Strong Quarterly Revenue Growth (72% yoy), even stronger quarterly earnings growth, impressive momentum and institutional support.
Here are some of today's In Play candidates.... CUR, EVOL, MELI, ULBI
MELI, and ULBI are not new picks as they have been recommended a few days/weeks ago. EVOL was previously recommended this past summer but was a sell since I stopped out of it. CUR is an entirely new pick.
Here are today's In Play candidates. I tried posting them a little earlier but I was not successful in doing so. LNN and NFLX should be rather easy to grab after hours if need be.
Update:
New Buy Ideas: BCR, DSCM, LCRY, NNDS, SDTH, TSCM, ULBI
Add To: BIOD, FCEL, MELI, VSL
New Buys: BMTI, CSIQ (rebuy), GMCR
Added To: BIOD, EMKR, MASI
Sold for Profit:
Sold for Loss: IMAX
Both BIOD and BMTI are showing above average strength on a generally dull market session.
This is exactly how I feel like when I encounter days such as today. To survive as a trader, you have to think like a fighter. Let your guard down and you'll be exposing yourself to a beating from the market. Despite the days challenges, things didn't turn out as bad as I thought they would. Since today's action did not generate that many earth shattering long opportunities (I only bought BIOD), I took the time to add to some of my better performing short positions (FO, FTEK, MSM). I also added more to my top performing long positions such as IMAX and VSNT. Those were the only two longs that I felt safe adding to. Lastly, I cut a lot of my losers and laggards (such as FUQI and several others). I've also decided to improve my strategy (sort of like an early New Years resolution), by being more selective in my trades as I feel that I have been over trading. I will most likely begin to implement this strategy in January.
Over the past few days, I have noticed some strong, bullish movement on bio fuel (ethanol) stocks. If the current trend continues, I expect them to outperform the general market in the near term future. Here are several to keep an eye on. AVR, BIOF, CLNE, PEIX (mentioned by one of my kind readers), USBE, VSE
Here are some of today's better performing stocks: BMRN, EMKR, FCEL, MELI, PMII, SMTS, SVNT, VSNT
New Buys: BMRN, FSIN (rebuy), POSS (rebuy)
Added To: CHP, CTCM, EMKR, MASI, MELI, PMII, SVNT, VSNT
Sold for Profit: SVNT (sold half position +20.54%)
Sold for Loss: AMPX (-9.30%), CAST (-2.26%)
ARTW has been a long term fav, while CHP, EMKR, PMII and SVNT are recent additions to the portfolio.
New Buys: AII, AMPX, BABY, COV, EMKR, HRBN, PMII, SBN
Added To: ARTW, ISH, LGTY, MASI, MELI, TKC, VSNT
Sold for Profit: FSIN (25% of position), SWIM
Sold for Loss: DCGN, HWK
Here are today's In Play candidates: FSIN, MELI, VSNT. All three stocks are exhibiting very strong breakouts on their chart setups. More importantly, all three were recommended in the early stages of their moves. I am currently long all three.
I will post some stock picks during market hours. At the moment I haven't found any new stocks that are worthwhile. Over the past few days and weeks, I have mentioned many stocks that made great longs. Recent mentions that are doing very well include: CTCM, CYH, GXDX, MELI, VSNT, etc.
New Buys: FCEL, HWK, PRGO, RESP (rebuy)
Add To: APEI, FSIN, SAPE
Sold for Profit:
Sold for Loss:
Here are several stocks to keep an eye on in the Transportation-Trucking industry: CLDN, CVGI, LSTR, KNX. These are just a few of the stocks in the industry group that are bouncing from oversold conditions.
For the past few days, one industry that has been popping up on my radar screen is the Building/Construction Materials segment. Currently, this industry is in oversold condition and is bouncing up from a short term bottom pattern. Two stocks to keep an eye on are BECN and BLDR.
New Buys: ABII, BECN, DAIO, IBKR, IMAX, JMBA (short term bottom), MELI, SVNT, TX, VII
Added To: ARTW, GXDX, MASI
Sold for Profit: ARTW (sold quarter of my original position for +114%), CSIQ (+37.23%), RICK (+83.07%)
Sold for Loss:
New Longs: BECN (bottoming out), CAST, CHP, CVA, CTCM, CYH, DCGN (rebuy), IBKR, IMAX, SMTS, STAR (rebuy), SVNT, SWIM, TNP, TX, VII (rebuy), VLCCF
Add To: ANSR, BRKR, DAR, MASI, TECH, VSNT
Take Profits: RICK (sell 25% of position)
I will try and have some long and short candidates by either tomorrow morning or during market hours. I would have posted them tonight but I am very busy and do not have enough time to do any indepth research. Do not worry. Judging by my research (thus far), we won't be missing out on much as the market has left very few good long positions standing.
For Wednesday...
New Buy Candidates: MXB, SAPE, SOLF (watch your entry on this one), VSNT
Add To: CSIQ, TKC, VSL
New Short Candidates:
*Update: I haven't found any great new longs for today. I will try and see if I find any good trades intra-day and post them before the market close.
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Today's trades
New Buy: APPY, BRKR
Add To: MASI, RICK, SPIR, TECH, WATG
Time to Sell: DCGN (sold for 7.12% loss)
New Buy Candidates: APPY (rebuy), BRKR (rebuy), FMR
Add To: SPIR, MASI, WATG
Today's action made it easy for me to see which stocks were the clear winners. Speculative China plays were the stocks du jour. This was quite evident with plays such as FSIN, HRBN, WATG and many others getting plenty of heavy trader love. I already own some WATG. Since it did so well, I added some more to my position. FSIN was a stock that I previously played and sold because it wasn't acting right. That was back at 14 and change. Although I did regret selling it much earlier, I decided to rebuy the stock (avg price in at around mid 18). So far so good.
New Buys: DCGN, FSIN
The rest of the buy candidates faltered near the end and were eliminated. I will post some more buy candidates for tomorrow later on tonight.