Billyjoes Top 10 Cheap Stocks

[billyjoe]

Here's where the portfolio stands :

HOM stopped -16.5% $83,528

IFO up 4.66% $104,663

GROW stopped up 3.7% $103,679

RWC stopped -4.5% $94,510

CGFW up 2.46% $102,460

SPIL up 4% $104,000

NBG up .12% $100,121

BTJ up .86% $100,861

GW up 1.84% $101,837

TLF up 1.56% $101,563


Portfolio total $997,222 down .28%

Friday's Market closes at 1pm est. so we don't have much time to make money only 3 1/2 hours. Since the 3 closed out positions will be put into the 3 best open positions :

IFO gets GROW money $104,663 + $103,679 = $208,342

SPIL gets RWC money $104,000 + $94510 = $198,510

CGFW gets HOM money $102,460 + $83528 = $185,988

NBG $100,121

BTJ $100,861

GW $101837

TLF $101,563

New money will be added at market open all stops will be at 2% of opening Friday.

billyjoe

[billyjoe]

Day 3 of the Cheap Stock Portfolio Week 2 ends

Recap : GROW advances big Monday Trailing stop is hit Tuesday sells for 3.7% gain leaving us with $103,679

HOM stopped after pre-market drop. I should have had a sell limit order in place.Lost 16.5% remaining cash $83,528

RWC stopped (raised stops to 5% of opening today) loss 4.5% remaining funds this position $94510

All 7 remaining positions are up . Hope we can make up for the HOM mistake. Market closed tomorrow. Stops will be 2% of Friday opening prices. Will determine before then where to put our cash.

billyjoe

[billyjoe]

Sisterwin2,
The way I see it, they took a stock that had just closed at 6.60 and to raise money to pay off debt, sold 4.8 million shares for 5.50 plus issued almost 900,000 warrants at .20 giving the holder the right to trade for shares at 5.50 within a 5 year period. Ripping off current shareholders and apparently perfectly legal. It would be interesting to see who got those shares and who decided to sell before the deal was made.

billyjoe

I dont understand the news on HOM...... what does it mean that they sell private placement of common stocks? I take it that this is a bad move? My stop is about to hit

[billyjoe]

Sirtuck,
ABB is doing great and has excellent projected future earnings and the funds were buying it up , but it doesn't come out on the top of my screens for several reasons. Its sales aren't so hot only up 13% from last quarter and ROE is -19. Mutuals funds have been selling it off lately. Its price has been holding well and I hope it continues to make you money. Maybe it will crack the top 10 in the cheap stock port in the future.

billyjoe

[sirtuck]

Billy, What do you think of the stock ABB. I bought it at 6.90 a couple months ago and it having a great run.

[RL]

Grow Down The Chute

[skiracer]

These stops are such a necessity but boy you can love them and hate them at the same time.

[RL]

Billy not questioning you just wondered what the stop was. 7%more than enough. Made money thats what It's all about.

[billyjoe]

Ray,
GROW closed yesterday at 9.46 up 11.29% from Friday close. It opened today at 10.00 so I put a 7% stop on that price and it hit at 9.30 , but we made % on it.

billyjoe

[RL]

Billy what was the stop that knocked GROW out? Looks like It Is moving up

[billyjoe]

Our trailing stop has knocked out GROW at 9.30 with a 3.7% gain

billyjoe

[billyjoe]

Nothing stopped out today advancers 8 decliners 2

Big Movers GROW +11.29% IFO +7.55% BTJ +4.68%

billyjoe

[billyjoe]

Nothing stopped out yet . 8 of 10 up with the first 3 HOM IFO and GROW all up big. This could be a very interesting week.


billyjoe

[billyjoe]

Week of Nov.21 Cheap Stock Portfolio

Opening Price Followed by 7% Stop

1.HOM 6.86---6.38

2.IFO 9.65---8.97

3.GROW 8.97---8.34

4. RWC 6.74---6.27

5. CFGW 9.35--8.70

6. SPIL 5.00--4.65

7. NBG 8.28--7.70

8. BTJ 8.13--7.56

9. GW 7.62--7.09

10. TLF 5.12--4.76

billyjoe