Billyjoes Top 10 Cheap Stocks

[billyjoe]

Mooddude,
Yes, they are similar. Did you notice how the 50dma's and 200dma's ,however, are reversed? I like ERS better at this point. Any similarities are a coincidence IMO. ERS is holding steady after a 7 1/2% correction.

billyjoe

[mooddude]

I'm amazed how ERS graph follows CMT with a slight delay. CMT kind of predicts what ERS is going to do next. What do you think?

[grebnet]

Hom

I believe spike would say HOM is trying to fill the gap at 5.70....Im hoping it does.

[billyjoe]

Greb,
Mine also shows a 5.62 low for HOM glad it went back up.

Two more stopped out COGO at 6.05 open and CBIZ a while later at 5.77.
That leaves us 5 of the originals LPSN GROW ERS ENG and MIG. After close I'll discuss 2 different ways to play this. One involves taking our 93,000 remaining from each of the first 4 stopped positions and adding it to the 4 best remaining positions GROW ERS ENG and MIG . Stops will also be tightened tonight.

billyjoe

I was using aol's quick glance......uhm.... I guess I should of been more frugal in my bid.

ty

[grebnet]

Hom

My screen shows a day low of 5.62 for HOM, that would have been a good grab

I have a question...... I looked up HOM a few days ago using Second opinion and trying my hand on candle stick charting...
after the earnings came out I put a bid in for 5.84. It was filled today but when I look at the highs/lows of today it never went that low.

I dont understand how it was filled?...

Did put a sell stop on this one.

Dena

[billyjoe]

Not a good day all 7 remaining stocks down , but none stopped out today. Two strongest today MIG and ENG down less than 1%.

Open Monday Close Tuesday

LPSN 5.23 5.19

COGO 6.50 6.18

GROW 7.40 7.47

ERS 8.67 8.50

ENG 6.07 6.21

CBIZ 6.20 5.88

MIG 6.08 6.04

Will have some stats and $$$ amounts after close tomorrow. Forgot to say each position had an opening value of $100,000 and we're not paying brokerage fees.

billyjoe

[grebnet]

Mcz

Billyjoe

I own significant multiples of what your son owns( and therefore signicant loss at this point. ). I hope your son is right but I think ther is a lot of risk here. Microsoft has changed liscensing agreements with 3rd party vendors. As I understand it, the vendors ( ie MCZ) must now pay a fee to microsoft for codes needed to make controllers for the new X-Box . This will cut into profit margins...hence the drop in stock price.
I am holding because I think all of the damage has been done and I might as well wait until the new Xbox is out . If I ever get my $ back Ill be thrilled.

[spikefader]

Not that anyone cares but I bought MIG at $6.15 this am as an opening position,...

I care dude Nice buy. Yesterday got a buy signal on the 20-day system. Good luck with it.

[grebnet]

Input

I take a different approach to stocks, admittedly sometimes at a loss. I look up stocks in multiple places , but use MSN and yahoo the most. I also always browse the message boards , there is a lot of garbage on them , but also some smart people that guide me to some good info. Once I find a stock, I watch it to get a feel for current activity. Then I buy often what I call a partial position, with plans to buy more if it pulls backor if it is on a steady climb . Once Ive owned the stock , i will often sell partial or whole positions as trades. Occasionally this leads me to missing upside, but usually I am able to "bank profits" and buy lower. Of my portfolio I listed earlier, I currently have 4100 shares of HOM and 1500 shares of AOB ,2000 NWD,1000 EFJI which I call "free" that is I have already banked profits so that if they go to 0 , I haven't lost any in that stock...( I know the purists will argue that I have lost $ that was mine).....
I dont like using stop limits as I dont trust the manipulation in the market with orders sitting there. I usually watch the market closely enough that I dont need blind sell orders.

Pleeeeeease ..somebody shut me up.......

[billyjoe]

Greb,
You mentioned that you owned MCZ , my son had 200 shares and bought another 200 @.81 . It has begun to move now if it can just crack 1.00. The son knows all about Mad Catz and says it's just a matter of time before they hit a home run or are bought out, either of which will be good news. He has several of their products which he claims can't be beat for the price. The last report didn't seem too good but they were already so far down. The agreement with Madden and the growth in European sales seems to have started this stock back in the right direction.

billyjoe

[billyjoe]

Grebnet,
Thanks for your input . You have some news sources that I don't and any knowledge about these stocks is a plus. You could collaborate with me on this thread any time you want. I've been close to buying ENG a couple times but haven't yet pulled the trigger. Also MIG has been appearing all over the place ie. Spikes list and Mr.Mkt. dump. so it's very attractive.
This week I'm going to figure a cheap stock port in 2 different ways #1 Add up the value of all closed out stocks 93% each after sale plus end of week values on all others for a grand total

#2 Divide up remaining value of closed out positions equally into remaining stocks and add up remains at weeks end. Something like Spike's SCOTC , but starting new each week. If a stock has a monster day I'll raise a trailing stop to keep some gains and will post it.

billyjoe

[grebnet]

My thoughts on ENG,MIG

Not that anyone cares but I bought MIG at $6.15 this am as an opening position,ie I will add if it pulls back . I wrote to a firend my thoughts on these two :

ENG has dropped off in last 2 mos due to a secondary stock offering on Oct 3rd , so next qtr earnings will be diluted a little. It appears they used most of that money to pay down their debt from 15.6 million to 1.8 million. they were also impacted by the hurricaines which decreased earnings last qtr by .01 and may do so again in next qtr . either way their growth is impressive. revenue 1st 9 mos this yr 163 million vs 102 million for 1st 9 mos 2004.
The only reason this hasnt shown up on our screens is because their debt/equity was .57, but this has been paid down and when corrected at MSN it will come up on my screens.My gut is that this has been beaten up and will now begin to recover.


MIG has nice revenue and earnings growth . they raised guidance on Nov1st from .54-.57 up to .57-.58/shr They also stated 2006 should increase 15 % to .64-.68..
they have beat estimates for each of the last 4 qtrs and are trading at less than 9 times next years estimates.

Again any criticisms or errors pointed out are welcome.

[billyjoe]

Webs,
Yes, it's hardass!

billyjoe