Bargain Hunting

The bargain hunters lost out to the folks that didn't want to hold anything over the weekend. DNS -241, -65, -29.

Trades:

I was in the first camp. I picked up some CF shares. $20 ITM Jan call options had a 33% time premium, so I wasn't buying any calls!

A low-ball limit order for FMCN call options filled in the last hour.

My theory is that the markets are alternating weekly. This week has been particularly harsh so I have to think next week will give us some relief. I won't say CF and FMCN can't go any lower because we all know that isn't true (or we should by now).

I tried to pick up some SPRD calls, but it got away. SPRD was the best performer on my watchlist today. Oddly enough, CF and FMCN were the worst.

Portfolios:

Down again - ESG port at -27.5%, value-sales port at -6.25%.

Reversal alerts: (31).

I'll go through these later. HOTT has the only chart that has held up reasonably well.

Update:

CISG and NEWP have four quarters of double digit sales growth, forward P/E of 6 and 6.4 respectively.

ESFC, PKOH, PBH, RUSHA,CVS, ROG, TPX, SPPI, MCP, and ADVS all have redeeming qualities in terms of sales and/or earnings growth.

RUSHA is hitting new levels of sales and earnings with its P/E dropping from 14.8 to 11.2.

TPX earnings and sales are still growing sequentially with the two MRQs showing accelerating sales growth and its P/E falling from 19.3 to 16.8.

SPPI has four quarters of triple digit sales growth (269% MRQ), erratic earnings, and a P/E falling from 21.8 to 17.11.

MCP has crushing numbers (high triple digit growth all around) but some feel the numbers may be suspect (i.e., too good to be true).