Monday, July 25, 2011

Waiting for Resolution

I'm ignoring the markets' movements for now. DNS -88, -16, -8. NFLX is down after hours, IMAX took a 12.8% hit.

I didn't like seeing ARR and NLY down, but many other watchlist stocks were down between 3 and 6 percent today. At least CVI, LFUS, TW, and VRTS were up.

Seller's remorse: ATHN and CPX. But sometimes the trailing stop orders save you money; e.g., HURC.

I should have shorted MNTA instead of just thinking about it.

Trades: Low-ball orders for AMG and TW filled. I canceled the other orders pre-market.

Reversal alerts: (13).

The hlr script alerted on ARBA and ARUN which have very good growth but the forward P/Es are 66 and 81 respectively. It also alerted on NFLX which hasn't been a reversal candidate in quite a while.

The t2 script yielded TIBX which has 20% YoY quarterly sales growth and strong double-digit earnings growth with the P/E falling from 52 to 35.5. Institutions own 89% of the float with a 30% bias toward the buy side.

No comments:

Post a Comment