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ITRI, MTW, : maybe I'd let it pull back some. For some reason, I don't really like stocks that gap really big in one day. I prefer to see a 15-25% gain over a 3-5 day period with above average volume. IMHO, one day big gainers are often one trick ponies.
ARTG: If you're long, thank god it didn't break the 50 SMA. I'd wait to see which way it goes.
CLEC: I hold it as my pick for the POTW this week. Its become reallyl active because earnings will come out on tuesday, and traders/hype has taken over. Don't know much about the biz.
ITRI: waiting for the pullback was good, if you caught the breakout.
MTW: also good if you let it pull back
ARTG: Fell below the 50 SMA.
CLEC: Good hard pullback after a HUGE run. Still, I am wary of a business that makes no money.
Another good day. Did anyone notice that last week's big 14.7% gainer TGB is up another 10% this week? Its not on this week's list (now at #25) because the price run-up had hurt it's P/E too much. But that cleared the way for TBV (similar ticker) to make it onto the list at #15 and its posted a 15.6% gain week-to-date.
There are plenty of ways to play the list of 15 stocks. I just track them from monday's open to friday's close. But I bet if you threw in some things like stops to cut the losers, or just sell the whole basket of stocks at a predetermined % gain each week, you'd do pretty well. And some of the picks that don't make the next week's cut could still be worth looking at or holding. Of course, Due Diligence is always required.
The weekly list is giving back some gains today on a rough day overall for wallstreet. Currently, the list is down 1.45% from yesterday, but still up 1.47% for the week. TBV is giving back a lot of what it had made, and several have sliped into negative territory.
Just an update. I have been following this methodolgy this year, much less trading - more long term stuff. Some of these I haven't played at all, others I've been in and out of 2 or 3 times.
Thats an average of +19.80% without touching them once picked.
Some smart moves limited my losses on WLM to much less, but I missed some of AKS too trying to time it.
The goal of the screen is to turn up stocks that (appear to) have been beaten down too much. If you apply some research and DD, you could probably eliminate some of the stocks from the screen because sometimes there is a good reason the price has been knocked down so far and it just doesn't show up yet in a mechanical screen ,its just a starting point.
Hopefully, this list will develop like the last few have done. Any comments? What does the TA say about these?
Thought I'd give an update since there have been a few developments.
Tick -- Paid -- Current -- Percent
RYI -- 21.69 - 30.49 -- 40.57%
FIA -- 18.47 - 20.88 -- 13.05% <-- Sold. Met price target today.
BXC -- 10.85 - 11.20 -- 3.23%
GLP -- 23.90 - 26.70 -- 11.72% <-- Sold. Met price target.
SAI -- 19.00 - 18.43 -- -3.00% <--stopped out. Will re-evaluate if price rises
For those of you who don't know. This is a screen for companies with market cap > 200 million, a positive PE and EPS who have more per share liquid assets than per share short term debts.
I ran the screen today and the only good ones on it are RYI and BXC. GLP is on it but the price target is only 2% above its current price.
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