Tuesday, March 22, 2011

Accumulating

DNS-18, -8, -5. Nice 14.5% hit on HNR today (reversal alert yesterday).

Trades:

I went back to old favs PTEN and WLL for some small accounts (shares). I thought PTEN was a little stronger than RES.

I bought April calls for RBCN and PTEN.

Reversal alerts: (20). Old names FARO and NTE jump out but I need to check the database.

FARO's forward P/E is 35, but with good sales and earning growth, and rising estimates.

LH has very modest growth and a forward P/E of 15, but the earnings estimates have been rising.

ADM's growth is flat but a forward P/E of 10.

ASGN has to shake off the last quarter's loss then could get to a P/E of 15. Sales are rising.

FDS has modest growth for a forward P/E of 27.

NTE's forward P/E is below 14 with good sales growth. But the stock has been weak chart-wise and the reversal pattern isn't screaming buy.

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