Wednesday, February 2, 2011

Shopping List

If the market holds I'll be looking to get into the following stocks ...

Reversal plays with strong fundamentals: RBCN and DRYS. RBCN tried to pull out of its tailspin yesterday but still has considerable negative momentum. The shippers haven't been moving upward with any consistency. DRYS is probably safe here, RBCN seems to be slipping again.

Reversal plays with modest fundamentals: MIPS and MTX. In a good market stocks with these patterns will launch out and let you grab a few percent over a short period. Today's futures aren't promising, so maybe I can get a discount and the market will hold.

High going higher: AEIS SPRD & XLE. The first two have strong growth. XLE could pull back with oil prices.

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