Billyjoes Top 10 Cheap Stocks

[skiracer]

Billyjoe,
It will be interesting to see the final results. Are you going to include commission costs? I'm sure they would be nominal with someone like IB. I'm not trying to be negative, but just questioning the strategy, so please don't take it the wrong way. Anyway it will be interesting to see the final outcome of both exercises.

[billyjoe]

Ski,
I haven't yet made up my mind. Maybe in a few more weeks a pattern will develop showing whether the plan is worthwhile. Even a 1% gain per week average would be successful in my eyes. You're right , putting all the $$ into 1 or 2 stocks by week's end could be risky, but raising the stops to 2% each Friday takes much of the risk away. It was real interesting in week one seeing that a profit could be made with only 3 of 10 stocks gaining on the week. This week it's been very stable with not much movement even with these admittedly volatile low priced stocks. If we get a week with just 1 or 2 monster gains, we should show a nice return. I'll put all the results together after week 10 which will be January 13th.

billyjoe

[skiracer]

Billyjoe,
I'm not knocking the exercise because after going through them they provide a better insight into whether or not it would be worth it to even bother trying to do something like this in a real portfolio funded with real money. If you were investing the amounts you have allocated in each of the stocks at the end you would have a great deal of your capital in one or two stocks which in your exercise might provide a gain of 6/8% for the entire endeavor. Aside from all the work, and monitoring all of the positions as you eliminate down to the final one or two, do you feel that it would be worth doing it in realtime as opposed to finding individual setups. Personally I think it would be alot of money and work on the line for the return that you're going to end up with at the end. I feel the same way about Spikes cream of the crop exercise so I'm not singling out yours in any way. I just don't see the return for the expenditure of time, risk, and moneys involved over the course of the entire exercise. But that's just my own opinion and not meant to be taken in a derogatory fashion towards either one of the exercises. I was interested in hearing your unbiased feelings on whether or not you thought it to be a worthwhile method of using your capital after having gone through it over the last couple of weeks.

[billyjoe]

Tuesday Cheap Stock Portfolio

RWC and FPP stopped today down 6% each. The $94,000 remaining in each position will be reinvested in our 2 best positions GROW +6.3% and APLX +2.7%

Of the 8 remaining positions

GROW----+6.3%

HOM------+2.4%

APLX------+2.7% up 2.2% from today's open

COGO------+2.8% APLX gets the extra funds since COGO was only up .49% today

MOSS----- -.2%

CYBS----- -1.3%

TLF------- -1.0%

ACTU------ -2.7%

Tomorrow stops will be 5% below opening prices

billyjoe

[billyjoe]

Week 3 Cheap Stock Portfolio

Opening and Closing Prices Monday

GROW 10.45-----10.39

MOSS 5.38------5.25

HOM 5.80 ------6.02

APLX 6.76------6.86

CYBS 7.57------7.49

TLF 5.17-------5.18

RWC 6.45-------6.50

COGO 6.00------6.15

ACTU 3.35------3.34

FPP 7.79-------7.59


5 advanced 5 declined none stopped out tomorrow stops will be 6% below opening prices


billyjoe

[billyjoe]

DMK,
I know, it just missed the top 10. I posted on it Portfolio of the Week after Webs pick. Ski also , but his info and mine don't agree. Seems to be coming up fast.

billyjoe

[dmk112]

Billyjoe, I know it's too late, but check out TIII. Looks pretty good.

[billyjoe]

Cheap Stocks Port Week 3 Nov.28th 2005

1.GROW 10.03---investment advice record keeping mailing services

2.MOSS 5.43----designs markets clothes mostly for Target stores

3. HOM 5.77----restoration of homes after fire,flood,wind damage

4. APLX 6.86----management software for planning budgeting forecasting

5. CYBS 7.47---electronic payment programs for business

6. TLF 5.24----retail leather goods

7. RWC 6.44----wireless mobile radios for govt. business public safety

8. COGO 6.03----Chinese manufacturer mobile handsets

9. ACTU 3.50----software providing decision making data

10. FPP 7.60----oil and gas exploration southwestern U.S.

billyjoe

[billyjoe]

Final Results Cheap Stocks Port Week 2 Hold em and Fold em Method . Keep all funds in cash if positions are stopped out. Add to total value of open positions.

HOM----- stopped at open price $83,528

IFO------ stopped on Fri. $103,627

GROW--- stopped on Tues. $103,679

RWC----- stopped on Wed. $94,510

GW-------stopped on Fri. $99,081

CGFW----not stopped $101,925

SPIL ---- not stopped $103,400

NBG----- not stopped $98,552

BTJ------not stopped $98,893

TLF -----not stopped $102,344

Total value $999,539 or loss of .046%

Had proper 7% stop been in place on HOM $1,009,039 gain of .9%

We will keep computing this port both ways until a definitely superior method emerges.

New top 10 will be listed tomorrow

billyjoe

[billyjoe]

Final Results Cheap Stock Portfolio Week 2 Reinvesting Gains in Best Performers

Although we had 5 advancers and 5 decliners for the week we couldn't overcome the devastating pre-market drop of HOM , -16.5%. due to improperly placed stop that cost the port an extra $9,500. Adding to the poor performance, of the 5 advancing stocks we had no superstock. Our biggest gainer for the week was GROW stopped early at a 3.7% gain. Here's our final totals. We compounded gains on three stocks of which one was stopped out today with a 2% stop. The other 2 (SPIL CGFW) lost 1.15% and .1% today.

GW---- stopped today $99,081

IFO---- stopped today $205,191 included funds from stopped GROW

SPIL----remained open $185,970 included funds from stopped HOM

CGFW-- remained open $196,336 included funds from stopped RWC

NBG---- remained open $98,552

BTJ---- remained open $101,137

TLF---- remained open $102,344

Total remaining funds $988,611 loss for week 1.14%

Had proper stop on HOM been in place $997,971 or .203% loss

billyjoe

[billyjoe]

Final Day Cheap Stock Portfolio Week 2

We start Friday with a balance of $997,222. We transferred the money from our 3 closed out positions (GROW HOM RWC) to our best performing open positions (IFO CGFW SPIL). Our stops are raised to 2% of todays opening price. GW has already hit the stop leaving us with 6 open positions. 4 of them including 2 of 3 of our best performers opened up today.

Stock Open Stop

IFO---10.20--10.00

CGFW--9.54--9.35

SPIL---5.23--5.13

NBG---8.25--8.09

GW---7.70--7.55 stopped value $99081 stays in cash

TLF---5.24--5.14

BTJ---8.40--8.23

Final Report Early this afternoon Market closes at 1:30 est.

billyjoe

[billyjoe]

Ray,
I also live in Erie County and my mother's family is from Erie County , Pa. We got about 3" of snow, but the bad part is the winds and low temps. In single digits last night may have set a record. It's supposed to get up to 57 degrees Monday.

billyjoe

[RL]

Thanks Billy for your reply. No snow for me live In the northern part of Erie county

[billyjoe]

Ray,
All that I get from barcharts is free so it is definitely worth it. I didn't want to go much further into it cause they might start charging . Lots of free information. Am I supposed to be paying ? Just put in a symbol and click. Hit "projections" on the left hand side. Lots of neat stuff even if some of it isn't understandable. Hope you're not buried in snow.

billyjoe

[RL]

Don't know what happened? Sent you a post regarding Barcharts but It disappeared Was wondering If you subscribed to Barcharts and If you thought It was worth the price?
happy thanksgiving to you and your family