Billyjoes Top 10 Cheap Stocks

[billyjoe]

Update ENG stopped at 6.43 total proceeds $343,054 all our remaining $$ is on GROW with 43 minutes to market close it doesn't look like it will be stopped.


billyjoe

[billyjoe]

Update ERS stopped at 8.82 we end up with $ 288,837 closed

all our hopes for profit are with GROW and ENG

billyjoe

[billyjoe]

Method #2 final day Cheap Stock Portfolio-- proceeds used to purchase more of profitable remaining stocks

Last night we ended with

cash $93,499 from stopped LPSN position today divided up with 1/3 rd going to each of GROW , ERS , and ENG at opening of market this is approx. $31,166 ea

MIG all positions value $190,967 opened today down .01 we sell and divide the proceeds $190,649 into 1/3rds with $63,550 being put into each of GROW , ERS , and ENG at todays open

GROW we had total of $256,041 at close it opened .06 higher today and we've added another $94,716 to it from remains of the LPSN and MIG positions stop is now at 2% of open or 7.91

ERS we had total of $200,016 at close it opened at same price we add $94,716 to it from remains of LPSN and MIG positions stop is now at 2% of open or 8.82

ENG we had total of $251,447 at close it opened at 6.56 up .10 we added $94,716 to it from remains of LPSN and MIG positions stop is now at 2% of open or 6.43


Three stocks remain . If they don't close out today I think we'll show a profit for the week.

billyjoe

[spikefader]

B.J as stated on Spikes Thread, I added to my AOB position at $6.oo today.

Spike as far as HOM gap? Maybe Im wrong to call it a gap on the 14th , it opened at $6.55 after closing at $5.76 on the 11th .it closed that day at 6.26 with a low of $6.00 . Small gap but one none the less right ?? Yesterday it traded to a low of $5.62 so I was wondering if technically it closed the gap . or am I missing the boat ?????

Thanks...I am trying to get a grasp on this technical stuff Mr Pring and I

You are 100% correct greb. That gap closed. There's two left open that I can see.

[grebnet]

AOB &HOM

B.J as stated on Spikes Thread, I added to my AOB position at $6.oo today.

Spike as far as HOM gap? Maybe Im wrong to call it a gap on the 14th , it opened at $6.55 after closing at $5.76 on the 11th .it closed that day at 6.26 with a low of $6.00 . Small gap but one none the less right ?? Yesterday it traded to a low of $5.62 so I was wondering if technically it closed the gap . or am I missing the boat ?????

Thanks...I am trying to get a grasp on this technical stuff Mr Pring and I

[spikefader]

I added some MIG at $6.00 today.

Hey Spike ?? technically, did HOM fill the gap yesterday?

Which gap are you talkin' about?

[billyjoe]

End Day 4 Cheap Stock Port

Summary for Method #2 we take money from closed positions and reinvest into the best performing open positions at market opening . Today we tightened stops to 3% loss from opening price . LPSN stopped during the day at 4.89 leaving us with $93,499 cash which we will reinvest tomorrow. We have 4 remaining stocks with the following values :

GROW
position 1 . $102,162 2. $93,000 half position $46,500-- total $241,662 today up 5.95% current value $256,041


ERS
position 1. $100,346 2. $93,000 ---total $193,346 today up 3.45% current value $200,016


ENG
position 1. $103,789 2. $94,959 half position $46,500-- total $245,248 today up 2.54% current value $251,477


MIG
position 1. $99,507 2. $93,000 --total $192,507 today down .8% current value $190,967


Total portfolio value (with LPSN included) $992,000 we have made almost $16,500 in the last 2 days by reinvesting in our remaining picks. We are down .8% with one day remaining. Tomorrow stops will be tightened to 2% of opening price and our cash $93,499 will be equally distributed among GROW, ERS, and ENG , our 3 stocks that are making money.


billyjoe

p.s. please ask questions if any of this is confusing

[Websman]

It filled the 11/11,14 gap (5.76, 6.00), but not the 11/4,7 gap (4.95, 5.03).

Grebnet, still in AOB? Seems to have stabilized. I may add back in soon.

Earnings were good but missed the "whisper".

I'll be getting back into AOB tomorrow morning. Look at the wedge it's made in the past few days. I'm betting that it'll fly tomorrow.

[billyjoe]

End day 4 Cheap Stock Port

Summary for method #1 we hold on to the cash in all stopped positions and add it to cash value of remaining open positions. all positions started with $100,000.

1.AOB stopped out after earnings report, value $93,000

2. LPSN stopped after stops raised on Thurs. value $93,499

3. COGO stopped day after earnings report , value $93,000

4. HOM stopped after earnings report , value $93,000

5. IFO stopped , value $93,000

6. GROW open Mon.7.40 close Thurs.8.01 gain 8.24% value $108,243

7. ERS open Mon.8.67 close Thurs.9.00 gain 3.81% value $103,806

8. ENG open Mon.6.07 close Thurs.6.46 gain 6.43% value $106,425

9. CBIZ stopped , value $93,000

10. MIG open Mon.6.08 close Thurs.6.00 loss 1.32% value $98,684

Total portfolio value $975,657 or a loss of 2.43%

Coming up next post Method #2 we reinvest cash into the best performers

billyjoe

Hey Spike ?? technically, did HOM fill the gap yesterday?

It filled the 11/11,14 gap (5.76, 6.00), but not the 11/4,7 gap (4.95, 5.03).

Grebnet, still in AOB? Seems to have stabilized. I may add back in soon.

Earnings were good but missed the "whisper".

[grebnet]

Mig

I added some MIG at $6.00 today.

Hey Spike ?? technically, did HOM fill the gap yesterday?

[billyjoe]

Things are going well this morning. Stops were raised to 3% of opening price and LPSN stopped out at 4.89. It was our worst performer and we didn't mind getting rid of it. Our 1/2 positions from the closed out COGO are now in GROW and ENG which are our best positions today, just as we planned. We have 4 remaining stocks.

Stock Open Monday Open Thursday

GROW 7.40 7.73

ERS 8.67 8.75

ENG 6.07 6.39

MIG 6.08 6.05

A good market today and we'll make some money.


billyjoe

[billyjoe]

This morning we tighten stops to 3% of opening price. We are also splitting the stopped out COGO position giving $46,500 of it to both GROW and ENG.

billyjoe

[billyjoe]

Method #2 Cheap Stock Portfolio

We take the 93,000 each from the first 4 stopped out positions and add them to the 4 best performing remaining positions at Wednesday's open . COGO triggered stop at open and we keep the 93,000 in cash. LPSN isn't stopped , but we don't want to put any more $$ in it. Here's how our positions stand at days end.

LPSN active $96,941

COGO closed 93,000

GROW active 1st position 102,162
2nd position 93,000

ERS active 1st position 100,346
2nd position 93,000

ENG active 1st position 103,789
2nd position 94,959

MIG active 1st position 99,507
2nd position 93,000

Total remaining funds $969,704 we gained $1959 by putting money in ENG today. You may wonder why #2 positions in GROW, ERS, and MIG remained at 93,000.It's because of the odd situation that they all opened and closed at the same price today. Loss to date 3.03%

Method #2 is for the person that has to get to work and just has time to put in a buy order or a stop loss order and get out the door until 5p.m.

billyjoe

[billyjoe]

End of day 3 of this week's 5 day experiment

Method #1 Keep all closed out positions in cash. Add in the total from other positions still active :

AOB closed $93,000 value .93

LPSN active 96,941 value .969

COGO closed 93,000 value .93

HOM closed 93,000 value .93

IFO closed 93,000 value .93

GROW active 102,162 value 1.022

ERS active 100,346 value 1.003

ENG active 103,789 value 1.038

CBIZ closed 93,000 value .93

MIG active 99,507 value .995

Total funds available $967,745 loss to date 3.23% started with $1,000,000


Back later with method #2


billyjoe