Monday, June 6, 2011

Everything Must Go!

It feels like a "Going-Out-of-Business" sale. You'll never see prices like this again! (At least until tomorrow.) DNS -61, -30, -14.

Trades: none.

Reversal alerts: (22)

Lots of regional banks stair-stepping down.

So far I like REIT IVR with a P/E below 6 and a 16.5% dividend. I need to dig deeper to find out why the stock price is bouncing around so much. It could be a good place to park some money (*).

PCP has modest sales and earnings growth and is holding up well. The reversal indicator is pretty sloppy though. The same is true of TIBX, except for the holding up well part.

BBNK is intriguing. Light volume, decent growth though the earnings estimates have been trimmed back. It's coming out of a nice T2 reversal pattern. Dangerous, but it looks like there might be a play here.

* NLY looks good in that respect too. We just missed the reversal, but it's got a 13.6% yield and better price movement.

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