Here's an interesting Bloomberg piece for anyone watching FRO, NAT, SSW, ... ... ...
Tuesday, June 7, 2011
Monday, June 6, 2011
Everything Must Go!
It feels like a "Going-Out-of-Business" sale. You'll never see prices like this again! (At least until tomorrow.) DNS -61, -30, -14.
Trades: none.
Reversal alerts: (22)
Lots of regional banks stair-stepping down.
So far I like REIT IVR with a P/E below 6 and a 16.5% dividend. I need to dig deeper to find out why the stock price is bouncing around so much. It could be a good place to park some money (*).
PCP has modest sales and earnings growth and is holding up well. The reversal indicator is pretty sloppy though. The same is true of TIBX, except for the holding up well part.
BBNK is intriguing. Light volume, decent growth though the earnings estimates have been trimmed back. It's coming out of a nice T2 reversal pattern. Dangerous, but it looks like there might be a play here.
* NLY looks good in that respect too. We just missed the reversal, but it's got a 13.6% yield and better price movement.
Trades: none.
Reversal alerts: (22)
Lots of regional banks stair-stepping down.
So far I like REIT IVR with a P/E below 6 and a 16.5% dividend. I need to dig deeper to find out why the stock price is bouncing around so much. It could be a good place to park some money (*).
PCP has modest sales and earnings growth and is holding up well. The reversal indicator is pretty sloppy though. The same is true of TIBX, except for the holding up well part.
BBNK is intriguing. Light volume, decent growth though the earnings estimates have been trimmed back. It's coming out of a nice T2 reversal pattern. Dangerous, but it looks like there might be a play here.
* NLY looks good in that respect too. We just missed the reversal, but it's got a 13.6% yield and better price movement.
Sunday, June 5, 2011
Holding Their Own
Stocks within 10% of their peak, with significant earnings growth, and sales and earnings acceleration, ordered by forward P/E (descending): CRM QDEL LMNX GMCR ALXN EQIX VRSN ROSE HURC MSCI ARE DMND CVD ORIT VRTS VRNT AKRX STE MIC DAR CHRM XLE ENDP & DLLR.
I'm not saying I'd buy any of these here, but when the market turns positive they could well be the ones to take off first. Now might be the time to research them.
I'm not saying I'd buy any of these here, but when the market turns positive they could well be the ones to take off first. Now might be the time to research them.
Pictures Say
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| Weekly Performance |
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| Drawdown |
Friday, June 3, 2011
Toxic
... is the word that comes to mind when I think about this market. DNS -97, -40.5, -13.
Trades:
REIT STWD hit the trailing stop, -8.8% (not including dividends). It just never got moving in the right direction. ARR definitely was the better pick of the two.
I sold the VSH calls, -30.4%. VSH is reasonably priced but the growth factor has evaporated and apparently no one wants to own it now.
The value-sales portfolio has dropped to +38.2%.
Reversal alerts: (10). SORL is the only candidate here. Beat up and only maintaining (but not really growing) earnings and holding a P/E below 5. But sales have grown by double digits (18-36%) over the last three quarters and it's sporting a pretty good reversal pattern. Worth watchlisting but not much else in this market.
Trades:
REIT STWD hit the trailing stop, -8.8% (not including dividends). It just never got moving in the right direction. ARR definitely was the better pick of the two.
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| Value-sales port, +38.2% |
The value-sales portfolio has dropped to +38.2%.
Reversal alerts: (10). SORL is the only candidate here. Beat up and only maintaining (but not really growing) earnings and holding a P/E below 5. But sales have grown by double digits (18-36%) over the last three quarters and it's sporting a pretty good reversal pattern. Worth watchlisting but not much else in this market.
Thursday, June 2, 2011
0.03 Steps Forward
Wednesday, June 1, 2011
Oops
DNS -280, -66, -31.
Trades:
ARR priced its secondary and the price dropped at the open. I canceled a stop loss order that probably would have kicked me out right at the bottom. It recovered some. I bought more shares. It moved up a bit higher from there.
Reversal alerts: (5). Airline stocks LCC and UAL showed up in the HLR scan probably because they didn't sell off as badly today as they usually do. DDE alerted again tonight in the T2 scan.
Trades:
ARR priced its secondary and the price dropped at the open. I canceled a stop loss order that probably would have kicked me out right at the bottom. It recovered some. I bought more shares. It moved up a bit higher from there.
Reversal alerts: (5). Airline stocks LCC and UAL showed up in the HLR scan probably because they didn't sell off as badly today as they usually do. DDE alerted again tonight in the T2 scan.
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