Another decent week. The value-sales port is up 20.4%.Reversal alerts: (10) filtered down to UTSI FBC PQ GTXI CHL JJSF THS & ACV.
Sunday, October 31, 2010
Up Again
Another decent week. The value-sales port is up 20.4%.Reversal alerts: (10) filtered down to UTSI FBC PQ GTXI CHL JJSF THS & ACV.
Thursday, October 28, 2010
Seeing Red
at least that's what my watchlist looks like. Stocks from my watchlist bucking the trend with 3% gains or more are FLEX IDCC AMP JBL TSYS AMD KGC & DIOD.
Trades:
SKX tanked 18.2% today. I covered the short call (Jan spread). I'm hoping to sell the long call into some kind of rebound.
CSTR ($46.26) hit its 8% trailing stop (+6.9%). That leaves me with a Jan $39/44 bull call spread.
My limit orders went through for the CHK calls and stock, and the CRZO stock.
Reversal alerts: (16) filtered down to (11) by forward P/E (ascending) DVN TESS CLX BLK BCH THS LGFI BRK SNH FHN & ORA.
Trades:
SKX tanked 18.2% today. I covered the short call (Jan spread). I'm hoping to sell the long call into some kind of rebound.
CSTR ($46.26) hit its 8% trailing stop (+6.9%). That leaves me with a Jan $39/44 bull call spread.
My limit orders went through for the CHK calls and stock, and the CRZO stock.
Reversal alerts: (16) filtered down to (11) by forward P/E (ascending) DVN TESS CLX BLK BCH THS LGFI BRK SNH FHN & ORA.
CHK CRZO buy, SKX sell
Wednesday, October 27, 2010
SIMG?
Silicon Image, the inventor of the DVI, HDMI, and SATA audio video and data interfaces popped 35.8% today.
Why I asked? I just looked at them last week and saw a yearly loss of ($1.18)/share on a $4.62 stock. Revenues had been falling by double-digit percentages (-52, -40, -15%). There was a glimmer of hope in that the MRQ's sales were up 19.6%, and earnings were $0.02/share. Projected earnings were $0.05 and 0.03/share for the next two quarters. Whoop-tee-doo.
So today they announce quarterly earnings of $0.12/share (vs. 5c estimated) and revenue of $60M vs. 34-37, then $44.6M over the last year. So now they have a forward P/E of 12.9, just like everybody else. There's mention of back-royalties, so maybe their lawyers have hit pay dirt and opened up some revenue streams. The proverbial magic cow that laid the golden egg ... or something like that. :-) We'll see.
Don't get me wrong. I love their technology, and owned them when no one (I knew) knew what SATA was. But SIMG led me to coin the term "serial disappointer". They'd run good for a while, then blammo, all gone. I went on a cruise; they tanked 26% in one day. (That's a good reason to put [trailing] stop loss orders in before you go on vacation.) Somehow I managed to make some decent money when it was all done.
So call me skeptical and don't be surprised if I short SIMG. Or go long. I'm really just a little perplexed and need to round up a little more research.
Happy Hunting!
Addendum: Former Skeptic & MHL.
Why I asked? I just looked at them last week and saw a yearly loss of ($1.18)/share on a $4.62 stock. Revenues had been falling by double-digit percentages (-52, -40, -15%). There was a glimmer of hope in that the MRQ's sales were up 19.6%, and earnings were $0.02/share. Projected earnings were $0.05 and 0.03/share for the next two quarters. Whoop-tee-doo.
So today they announce quarterly earnings of $0.12/share (vs. 5c estimated) and revenue of $60M vs. 34-37, then $44.6M over the last year. So now they have a forward P/E of 12.9, just like everybody else. There's mention of back-royalties, so maybe their lawyers have hit pay dirt and opened up some revenue streams. The proverbial magic cow that laid the golden egg ... or something like that. :-) We'll see.
Don't get me wrong. I love their technology, and owned them when no one (I knew) knew what SATA was. But SIMG led me to coin the term "serial disappointer". They'd run good for a while, then blammo, all gone. I went on a cruise; they tanked 26% in one day. (That's a good reason to put [trailing] stop loss orders in before you go on vacation.) Somehow I managed to make some decent money when it was all done.
So call me skeptical and don't be surprised if I short SIMG. Or go long. I'm really just a little perplexed and need to round up a little more research.
Happy Hunting!
Addendum: Former Skeptic & MHL.
New Highs
Among the stocks hitting new 52-week highs today were BIDU, LCC, NFLX , NTAP and VSH. Oh yeah, I own these.
No trades.
After trailing down over the last few days some sectors/industries were caught an updraft and triggered reversal alerts A mix of financial, oil/oil services, and retail stocks. Sixteen total, 12 of which have a reasonable forward P/E. Best to worst in that respect were CHK WATG BK PBI LEG MW CRZO BBT AVP COLM CKXE & COLB.
No trades.
After trailing down over the last few days some sectors/industries were caught an updraft and triggered reversal alerts A mix of financial, oil/oil services, and retail stocks. Sixteen total, 12 of which have a reasonable forward P/E. Best to worst in that respect were CHK WATG BK PBI LEG MW CRZO BBT AVP COLM CKXE & COLB.
Near Misses
SBS and ASIA have gotten ahead of my limit orders so I'll wait for another opportunity to get in before they move up.
Reversal alerts: (t2) HRB, (hlr) FREED & IRIS. FREED is the third shipper to trigger a reversal alert in two days.
Reversal alerts: (t2) HRB, (hlr) FREED & IRIS. FREED is the third shipper to trigger a reversal alert in two days.
Monday, October 25, 2010
Riding the Wave
Trades: Can't stay away from YGE ($11.88 f c) here so I bought more stock to add to my Dec 10 calls. Triple digit earnings growth, a forward PE of 11.5, and rising earnings estimates. What's not to like?
I also have a low-ball limit order in for ASIA should it pull back a bit.
Reversal alerts: 19 pared down to 6 having a reasonable forward P/E. SOLF SBS FRO TNP CTRN THS.
SBS ($45.67 f c) was a winner for me and has pulled back sharply from recent highs. Earnings estimates are holding steady and its forward P/E is 5.7. Earnings are positive but variable. Sales are steady and improving (MRQ was 9% YoY).
I'll probably buy stock and calls here if it seems to be getting its footing. The reversal chart has a good pattern and the script (t2) is 3 for 3 trades.
FRO and TNP are shippers. I'd wait for news of an improving economy. They also seem to track oil and steel (and probably other commodities) but break out quickly when good news hits. Others I track in the industry are EXM FREED NAT and PRGN.
I also have a low-ball limit order in for ASIA should it pull back a bit.
Reversal alerts: 19 pared down to 6 having a reasonable forward P/E. SOLF SBS FRO TNP CTRN THS.
SBS ($45.67 f c) was a winner for me and has pulled back sharply from recent highs. Earnings estimates are holding steady and its forward P/E is 5.7. Earnings are positive but variable. Sales are steady and improving (MRQ was 9% YoY).
I'll probably buy stock and calls here if it seems to be getting its footing. The reversal chart has a good pattern and the script (t2) is 3 for 3 trades.
FRO and TNP are shippers. I'd wait for news of an improving economy. They also seem to track oil and steel (and probably other commodities) but break out quickly when good news hits. Others I track in the industry are EXM FREED NAT and PRGN.
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