Saturday, November 24, 2012

Spec Stocks

On Wednesday I bought two stocks that I think are due for a bounce. Neither of these fits my criteria for growth.

The first is SMS, which I've watched for years which tends to run up and down. Any hint of a recovery should send it upwards. I tend to watch it with other steel stocks ( CMC, NUE, SCHN) and oddly enough, shippers like DCIX, FRO, NAT, PRGN, and TNP.

VRTX has some generally positive analyst coverage, sporadic but generally growing sales growth, but recently reduce earnings estimates.

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