I'll Have Another

Wow, that was pretty nice for a change. DNS +110, +58, +17.

Trades:

I was trying to limit myself to two positions a day but I liked what I saw. My buys are listed in the previous post.

TNP never dropped like most of the other shippers so it was time to bail (PTP). I sold a small short position (puts), -44.7%.

Reversals: (75). Filtered for strong growth: MAG, ZEUS, AA, SEAC, NBR, LVS, and PLAB.

Fingers Crossed!

Shares bought for HURC, LULU, MRGE, and TAL. Bought call options for RBCN. Sold TNP put options.

Bottoms?

The week's action in charts for the S&P Midcap 400 and Russell 2000 Smallcap indexes suggests a bottom - or it could just be a step on the way down. I'd be more optimistic but there are too many macroeconomic issues that haven't improved. No bad news is not necessarily good news.

Clearing?

While we're not out of the woods yet it was encouraging to see some stocks rebounding. DNS +76, +13, +7.

Trades:
I bought smallish positions in ACOR and ZAGG.

Reversal alerts: (28).

Filtered for earnings growth yields CRDN, HURC and CRS.

I find HURC the most interesting with strong double-digit sales growth and triple-digit earnings growth (183% and 250% for the last two MRQs) with 330% growth projected for the next two for a forward P/E of 20. There are also rising estimates and a tendency to beat them by a large margin.

Also making an appearance are recently (or still) owned stocks  MNTA, PTIE, and TNE.

Screens

The database has been updated and here are the stocks with estimated 50% yearly earnings growth over the the next two quarters and three quarters of triple-digit sales growth, lowest forward P/E first: ARR, CF, PVH, PTEN, ZAGG, SPPI, NBIX and ACOR.

Screening with a focus on top line (revenue) growth and acceleration with a positive forward P/E (lfpef): LIWA, TGI, PRIM, CTE, SPPI, MRGE and MCP.

Disclosure

I just bought positions in ACOR and ZAGG. I have a number of positions in ARR because of its stats, resilience, and a 19% yield paid monthly - which qualifies it for a TG2BT alert.

Acronyms

TG2BT = too good to be true.

Found Along the Way

I was looking for a tg2bt page when I found the the quote:

Never own ANYTHING you aren't willing to drill a hole in.

 I'm not entirely sure what that means yet but it seems worth pondering.

Subsiding?

While not particularly encouraging overall, selling pressure may be easing up a little on select stocks. DNS +43, -7, +4.

Watchlist stocks with 5% gains or more for the last two weeks: EGHT TEO LULU OMG FTO & CVI. Up 5% or more for the week adds VDSI TMI LOCM HNR HAYB JKS UA HCP TRLG YGE and TAL.

Trades: none. My call spread for JKS expired ITM so I'll have so sell the called shares to close out that trade.

The value-sales portfolio lost ground again this week, closing at +28.7%.

Value-sales port, +28.7%

Reversal alerts: (66).

Those with estimated 50% yearly earnings growth over the next two quarters are: LFL ANR PCLN VRSN RVBD and ATHN (all hlr signals).

Most stocks that are alerting have been under intense selling pressure and any abatement of that will trigger a reversal signal. However, it is quite likely that selling could resume or intensify. Almost every stock is a reversal candidate now.

Weak

DNS +41, -8, +2.

Trades:

My PTEN call spread was OTM, so I sold for the remaining time value, -89.6%. Fortunately it was a small position.

Reversal alerts: (28) with GMCR and maybe IHS showing potential.