It was a decent recovery but I could have done without the sharp drop this morning. Or at least done all my buying then. Oh well.
Trades: The three calls in the previous post plus AEIS shares. ENTR was up, then back down, then up, then negative. I like it better when things just go up.
Reversal alerts: only (2) today. GIS with 0.7% sales growth and a flat P/E of 13-14 or WTSLA with a P/E going from 4 to 25 and 0.45% sales growth. Don't hold your breath waiting for these to show up in my watch list, much less my portfolio.
Thursday, February 3, 2011
It Pays to Read the News (ENTR)
As I'm adding ENTR to my watch list I see they reported earnings after the bell yesterday. Talks about being behind the curve.
ENTR closed at $11.01, now at $11.75/$11.76. Now I'll have to see how it opens.
ENTR closed at $11.01, now at $11.75/$11.76. Now I'll have to see how it opens.
Wednesday, February 2, 2011
Buying Spree
Trades:
Stocks bought: DRYS MIPS MTX RBCN SPRD and XLE.
Calls bought: DRYS & TTMI.
Call spreads bought: XLE.
The limit order filled for the last UA call option. (+40.2% for the Apr 45 calls)
I sold MCP call options (Schaeffer pick) after deciding the stock wasn't my cup of tea. (+10.6%) Then the stock went up 9%. I guess I don't like making money.
Reversal alerts: (18) over $1, SNI TMH LGL VPHM and maybe TXRH are modestly interesting.
Travis pointed me to these short squeeze plays and I really like ENTR with an 8.5 day short ratio, YoY quarterly sales growth of 56 - 98% for the last three qtrs, triple digit YoY quarterly earnings growth for the last four and next two quarters dropping the P/E from 51 to 19. 192 institutions own it and 90% of their trades are buys. ENTR beat earnings estimates the last four qtrs between 25 and 5%.
Stocks bought: DRYS MIPS MTX RBCN SPRD and XLE.
Calls bought: DRYS & TTMI.
Call spreads bought: XLE.
The limit order filled for the last UA call option. (+40.2% for the Apr 45 calls)
I sold MCP call options (Schaeffer pick) after deciding the stock wasn't my cup of tea. (+10.6%) Then the stock went up 9%. I guess I don't like making money.
Reversal alerts: (18) over $1, SNI TMH LGL VPHM and maybe TXRH are modestly interesting.
Travis pointed me to these short squeeze plays and I really like ENTR with an 8.5 day short ratio, YoY quarterly sales growth of 56 - 98% for the last three qtrs, triple digit YoY quarterly earnings growth for the last four and next two quarters dropping the P/E from 51 to 19. 192 institutions own it and 90% of their trades are buys. ENTR beat earnings estimates the last four qtrs between 25 and 5%.
Shopping List
If the market holds I'll be looking to get into the following stocks ...
Reversal plays with strong fundamentals: RBCN and DRYS. RBCN tried to pull out of its tailspin yesterday but still has considerable negative momentum. The shippers haven't been moving upward with any consistency. DRYS is probably safe here, RBCN seems to be slipping again.
Reversal plays with modest fundamentals: MIPS and MTX. In a good market stocks with these patterns will launch out and let you grab a few percent over a short period. Today's futures aren't promising, so maybe I can get a discount and the market will hold.
High going higher: AEIS SPRD & XLE. The first two have strong growth. XLE could pull back with oil prices.
Reversal plays with strong fundamentals: RBCN and DRYS. RBCN tried to pull out of its tailspin yesterday but still has considerable negative momentum. The shippers haven't been moving upward with any consistency. DRYS is probably safe here, RBCN seems to be slipping again.
Reversal plays with modest fundamentals: MIPS and MTX. In a good market stocks with these patterns will launch out and let you grab a few percent over a short period. Today's futures aren't promising, so maybe I can get a discount and the market will hold.
High going higher: AEIS SPRD & XLE. The first two have strong growth. XLE could pull back with oil prices.
Tuesday, February 1, 2011
Back Where We Were
... before Friday. The Dow is slightly improved. DNS +148, +51, +21.
Trades:
I bought SSW shares again, and RBCN calls.
Limit sell orders triggered for Shaeffer pick BTU (+49.1%) and my March and April UA calls (+53.3% and +40.2%). [One UA call didn't fill.]
Reversal alerts: (65) over $1. Filtering on earnings growth yields VECO SUP EBS GB SIGM PRFT & COLB. If I were to buy on the chart alone, with less emphasis on growth, those would be MTX MRVL MIPS EBS TSRA SUBK PRSC & GILT. Those need a lot more research because a few of them are never coming back.
Trades:
I bought SSW shares again, and RBCN calls.
Limit sell orders triggered for Shaeffer pick BTU (+49.1%) and my March and April UA calls (+53.3% and +40.2%). [One UA call didn't fill.]
Reversal alerts: (65) over $1. Filtering on earnings growth yields VECO SUP EBS GB SIGM PRFT & COLB. If I were to buy on the chart alone, with less emphasis on growth, those would be MTX MRVL MIPS EBS TSRA SUBK PRSC & GILT. Those need a lot more research because a few of them are never coming back.
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