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).

Pessimism Rewarded

Today's top gainers from my watchlist: AMED, OMN, LOCM, CRZO, SIGA, and ENTR. Not terribly obvious picks, eh? DNS +143, -11, +9.

Trades:

LVS has been losing ground, and the robust open was turning tail when I sold the call options.

Seller's Remorse:

Here's the section where I complain about selling my NFLX and SPRD puts too early. NFLX was down 11% today, hitting new 52-week lows. SPRD was down 11% as well.

I was bullish on FMCN. It dropped 18.2% today. I've not yet found any news to explain the drop.

Reversal alerts: (14).

Hmm, CRZO and LOCM from above showed up in the hlr script output.

 Lots of financials in this group, but all have some sales or earnings growth. Lowest forward P/E first:

THN - no estimates, just double digit sales growth, EPS growth has decelerated from 119% to 78%, and a P/E around 12.1.

Then PTEN, WCBO, MTZ, BXS, CRZO, and TBBK.

Same Ol' Same Ol'

Just plain boring now. DNS -180, -55, -24.

Trades:

I sold my GLD shares before the trailing stop triggered lower (which it would have).

I closed out the calls on CPX, SMS, and FHN, and the puts on TM.

I bought more NLY.

Reversal alerts: (4).

The t2 script came up with SIGA which I'd toss. The hlr script came up with RRST, PLCM, and NFLX, all of which have good numbers and are pretty beaten up.

Moving Target

Wow. Stocks are bouncing all over the place. DNS +147, +30, +12. It's great that the markets are trading higher, but can you trust them not to be down 3% tomorrow (or any other day)? I wish I could.

Trades:

I closed out my SPRD puts. This is one stock I don't want to be short on when the market rallies.

UNTK rose 15% on an upgrade not so long after the reversal alert. I'm sure glad there's no such thing as insider trading.

Reversal alerts: (23).

Of interest (lowest forward P/E first): HMX, RPC, CBT, AF (6.4% yield), LAYN, CEP (shedding losses), HL, NCIT, BOOM, and PDC. Just watchlist these and see who crawls out of the wreckage that is their charts.

HL is a miner with double digit sales growth, triple digit earnings growth, and a P/E falling from 21 to 10, positive analyst opinions and estimates trending upward.

Trading on Hope

This market crashes in fear one minute, rallies big on hope the next. It's hard to apply rational decisions to an irrational market. DNS +272, +33, +27.

Trades: none.

I put the trailing stop order on the GLD ... it held.

Reversal alerts: (9).

ARR got some traction again (maybe), and sports a 19.6% annual yield, paid monthly.

MPR makes a showing with double digit earnings growth projected for the next two quarters. decent sales grow, and a P/E falling from 20.5 to 16.6.

AKRX

AKRX's chart has been bucking the trend since Feb.

EPS Growth
Prev Yr	Past Yr	Growth	P/E
-0.06	0.04	166.7%	-
-0.03	0.25	933.3%	-
0.04	0.06	50.0%	-
-0.10	0.19	290.0%	18.0
Next Two Quarters (est)
0.04	0.07	62.5%	17.16
0.25	0.08	-70.0%	24.35

Sales Growth
Prev Yr	Last Yr	Growth
19.4	21.7	11.9%
18.2	24.0	31.9%
20.5	25.4	23.9%
20.2	32.1	58.9%

It's Only as Bad as It Looks

Wealth-Lab simulation results:

Monthly:

Weekly: