It was tough seeing a nice day like today go by with so many of my favorites running well. But I'll venture that buyers will be underwater later this week. DNS +337, +81, +36.
I liked the charts of CF and CMG going into today but not enough to buy them up 3 or 4 percent in this market.
Trades: none.
Reversal alerts: (62).
Filtered down to NFX, XCO, ATAX, MINI, and MDRX.
Tuesday, December 20, 2011
Monday, December 19, 2011
We Used to Trade Stocks
... back in the day that is. Now we just hope a few dividend paying stocks will hold up and watch our 401(k) plans drop even lower with every government move to bolster the economy (or is it to bolster their votes come next November?). DNS -100, -32, -14.
Trades:
There go the market indexes again so there's not much use in holding my called FMCN and SPRD shares. Plus both of these have been hit pretty hard so there's a head wind of tax loss selling. No sense fighting to get back where I'm at now.
FMCN, +29.8%.
SPRD, -84.7%, which almost feels like a win considering where it's at. There's 15.3% worth of icing on what was going to be a big fat doughnut had my calls expired worthless. Fortunately this was a small position, but it sucked up most of the profit from the other two.
I put a contingency order on my XLF puts and it triggered. That's +19.9% profit sniped. Moving on.
That leaves me with only ARR in my trading accounts, and even that is starting to flirt with the stop loss trigger.
Reversal alerts: (37).
Filtered for EPS growth and combined sales and earnings acceleration, lowest forward P/E first: OC, TEN, SPN, EXXI, MCP, BGCP, GPRO, and MLNX.
Trades:
There go the market indexes again so there's not much use in holding my called FMCN and SPRD shares. Plus both of these have been hit pretty hard so there's a head wind of tax loss selling. No sense fighting to get back where I'm at now.
FMCN, +29.8%.
SPRD, -84.7%, which almost feels like a win considering where it's at. There's 15.3% worth of icing on what was going to be a big fat doughnut had my calls expired worthless. Fortunately this was a small position, but it sucked up most of the profit from the other two.
I put a contingency order on my XLF puts and it triggered. That's +19.9% profit sniped. Moving on.
That leaves me with only ARR in my trading accounts, and even that is starting to flirt with the stop loss trigger.
Reversal alerts: (37).
Filtered for EPS growth and combined sales and earnings acceleration, lowest forward P/E first: OC, TEN, SPN, EXXI, MCP, BGCP, GPRO, and MLNX.
Friday, December 16, 2011
More Down
That seems to be what we have to look forward to for at least a little while longer as we close out another down week. DNS -2, +14, +4.
The oil group did well today with 13 gainers out of 14 in my watchlist.
Trades:
Both of my call spreads closed with just the long calls ITM, so I'll have some big positions to close out next week. FMCN couldn't hold above $20 (the short strike) and SPRD nudged above $20 (the long strike). I gambled that SPRD's volatility would kick in and mitigate my losses, but that didn't happen (yet). Maybe they'll gap up Monday morning. It could happen. Really.
Portfolios:
The ESV port is at -17.9% with (10) stocks above water, the value-sales port is at -3.96%.
Reversal alerts: (35).
Filtered, by lowest forward P/E first: CAM, SQM, EL, and AMZN.
The oil group did well today with 13 gainers out of 14 in my watchlist.
Trades:
Both of my call spreads closed with just the long calls ITM, so I'll have some big positions to close out next week. FMCN couldn't hold above $20 (the short strike) and SPRD nudged above $20 (the long strike). I gambled that SPRD's volatility would kick in and mitigate my losses, but that didn't happen (yet). Maybe they'll gap up Monday morning. It could happen. Really.
Portfolios:
The ESV port is at -17.9% with (10) stocks above water, the value-sales port is at -3.96%.
Reversal alerts: (35).
Filtered, by lowest forward P/E first: CAM, SQM, EL, and AMZN.
Thursday, December 15, 2011
Medic!
My call spreads need help tomorrow! DNS +45, +2, +4.
Two stocks showing consistent price gains are NCTY and SWS. UEPS and LLY have been moving up lately.
Trades: none.
Reversal alerts:
Of the five stocks alerting in the T2 script, ATAX and LIWA are interesting.
ATAX has YoY quarterly sales gains of about 20%, and is expected to ramp up earnings over the next two quarters dropping the P/E from 56 to 16.9. The chart stinks though.
LIWA is showing strong sales and earnings growth with current and forward P/Es below 3.3. I'd say someone is skeptical of their numbers.
The HLR script alerted on thirty-eight stocks. Filtered for good earnings growth yields WNS, BIRT, and RTI. These stocks aren't exactly making the new highs list.
Two stocks showing consistent price gains are NCTY and SWS. UEPS and LLY have been moving up lately.
Trades: none.
Reversal alerts:
Of the five stocks alerting in the T2 script, ATAX and LIWA are interesting.
ATAX has YoY quarterly sales gains of about 20%, and is expected to ramp up earnings over the next two quarters dropping the P/E from 56 to 16.9. The chart stinks though.
LIWA is showing strong sales and earnings growth with current and forward P/Es below 3.3. I'd say someone is skeptical of their numbers.
The HLR script alerted on thirty-eight stocks. Filtered for good earnings growth yields WNS, BIRT, and RTI. These stocks aren't exactly making the new highs list.
Wednesday, December 14, 2011
At Least ...
Tuesday, December 13, 2011
Ouch
A number of leading stocks took a big hit today. DNS -66, -33, -11.
SSW gained 16.4% today after gapping up much higher at the open.
Trades:
CLMT hit the stop loss trigger, -4.6%.
Reversal alerts: (1).
MNTA, but it has been on my radar as a stock to short as it appears to be facing a patent cliff and increasing competition.
SSW gained 16.4% today after gapping up much higher at the open.
Trades:
CLMT hit the stop loss trigger, -4.6%.
Reversal alerts: (1).
MNTA, but it has been on my radar as a stock to short as it appears to be facing a patent cliff and increasing competition.
Momenta Pharmaceuticals Inc. (MNTA)
| EPS Growth | |||
|---|---|---|---|
| Prev Yr | Past Yr | Growth | P/E |
| -0.34 | 0.79 | 332.4% | - |
| -0.37 | 1.15 | 410.8% | - |
| -0.34 | 1.29 | 479.4% | - |
| 0.72 | 1.21 | 68.1% | 3.6 |
| Next Two Quarters (est) | |||
| 0.79 | 0.23 | -71.5% | 4.08 |
| 1.15 | 0.43 | -62.6% | 5.01 |
Monday, December 12, 2011
If You Can't Say Something Nice ...
then I shouldn't say anything at all about this market. Well, everything is getting cheaper so I guess that's good. And the markets closed higher than they were most of the day. DNS -163, -35, -19.
I thought NFLX was sporting a bullish pattern on Friday. It prevailed today with a 6.2% gain despite the markets' decline, coming in just behind UTSI in the watchlist.
Trades: none.
Remaining Positions:
Equities: ARR is holding up. CLMT is just above the trailing stop ... for now.
Bull call spreads: FMCN is well in the money (above the short call) but only 7% away from costing me money ... that's not far enough when it's moving 5% every day. SPRD is showing a loss for now. Both expire Friday.
Puts: My short position in XLF (Financial ETF) is doing fine.
By next Monday I expect to have only two positions, both profitable. One long with an 18.6% annual yield, paid monthly, and one short.
Reversal alerts: (3).
MEDW and ESEA pass through the penny stock filter.
I thought NFLX was sporting a bullish pattern on Friday. It prevailed today with a 6.2% gain despite the markets' decline, coming in just behind UTSI in the watchlist.
Trades: none.
Remaining Positions:
Equities: ARR is holding up. CLMT is just above the trailing stop ... for now.
Bull call spreads: FMCN is well in the money (above the short call) but only 7% away from costing me money ... that's not far enough when it's moving 5% every day. SPRD is showing a loss for now. Both expire Friday.
Puts: My short position in XLF (Financial ETF) is doing fine.
By next Monday I expect to have only two positions, both profitable. One long with an 18.6% annual yield, paid monthly, and one short.
Reversal alerts: (3).
MEDW and ESEA pass through the penny stock filter.
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