Tuesday, April 19, 2011

The Strong Get Stronger

A modest day with DNS +65, +10, +7.5 sent APP, RES, WATG, ENTR, UA and RBN up 5% or more.

Positions up 10% or more in the last week include ENTR, FMCN, ARUN, MNTA, CPX, and PTEN. Other watchlist stocks up the same amount include APP, SNDA, RES, UDRL, LULU, WATG and SPRD.

Trades:

APH hit its trailing stop selling the call options (-13.9%).

ARR shares were bought for a small account.

Reversal alerts: (83). Those expected to grow yearly earnings by 50% in the next two quarters with sequential sales growth are (in order of lowest forward P/E): AEL, OVTI, DAR, JDAS, TEN and GTLS. If I remove the sales constraint, we pick up CF and SID. BEXP also shows up but with a high forward P/E of 53.

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