Billyjoes Top 10 Cheap Stocks

[Websman]

Ski,
Didn't own any until today, bought HOM on pullback after earnings , not stopped out in real life.

billyjoe

But Billyjoe,
Isn't being disciplined, sticking to a plan, an honoring your stops hardass!!

[billyjoe]

Ski,
Didn't own any until today, bought HOM on pullback after earnings , not stopped out in real life.

billyjoe

[Websman]

Billyjoe,
Isn't being disciplined, sticking to a plan, an honoring your stops hardass!!

Don't beat around the bush Ski. Tell him like it is. Hahaha!!!

[skiracer]

Ski,
At first I was questioning the stops. Maybe since they're low priced and therefore probably more volatile maybe the stops should be 10%, but then 2 of the 3 stopped out at more than 10% and HOM was close to 10% so they will stay at 7%. Will be looking for patterns to emerge and repeat. Am close to a new rule. Never hold through earnings! It's a real crap shoot. A "good" report just isn't good enough anymore and a bad report will wipe you out. From what I've observed the last few months the odds of a favorable outcome is less than 25%.

billyjoe

I'm taking a little sabattical but before that do you actually own any of these on your list or are you experimenting with a new strategy or discipline? Cutting the losers off short and letting the gainers run out can be painful but everntually you will begin to pick only the best setups and then the % of gainers will begin to overide the % of losers and the portfolio will show that. I think you're on the right track. Always felt that about you. Solid with your feet on the ground. Honor your stops regardless. Controlling that is the key. To many positions when you're swing trading also can be confusing an it's hard to find that many true setups at once anyway. Good luck with those cheapies!

[billyjoe]

Ski,
At first I was questioning the stops. Maybe since they're low priced and therefore probably more volatile maybe the stops should be 10%, but then 2 of the 3 stopped out at more than 10% and HOM was close to 10% so they will stay at 7%. Will be looking for patterns to emerge and repeat. Am close to a new rule. Never hold through earnings! It's a real crap shoot. A "good" report just isn't good enough anymore and a bad report will wipe you out. From what I've observed the last few months the odds of a favorable outcome is less than 25%.

billyjoe

[skiracer]

Final results Nov.14th

Open Close

1. AOB 7.50 6.05 bad earnings report stopped out

2. LPSN 5.23 5.33

3. COGO 6.50 6.29 earnings due any minute watch out

4. HOM 6.55 6.28 stopped out after good earnings rpt. many bailed at 6.00

5. IFO 9.96 9.25 stopped out dropped to 8.80 at one point

6. GROW 7.40 7.68 a good day

7. ERS 8.67 9.42 a great day

8. ENG 6.07 6.24 not bad

9. CBIZ 6.20 6.03

10. MIG 6.08 6.07

Our top 10 is down to 7 with AOB HOM and IFO saying bye bye

billyjoe

Billyjoe,
Isn't being disciplined, sticking to a plan, an honoring your stops hardass!!

[billyjoe]

Final results Nov.14th

Open Close

1. AOB 7.50 6.05 bad earnings report stopped out

2. LPSN 5.23 5.33

3. COGO 6.50 6.29 earnings due any minute watch out

4. HOM 6.55 6.28 stopped out after good earnings rpt. many bailed at 6.00

5. IFO 9.96 9.25 stopped out dropped to 8.80 at one point

6. GROW 7.40 7.68 a good day

7. ERS 8.67 9.42 a great day

8. ENG 6.07 6.24 not bad

9. CBIZ 6.20 6.03

10. MIG 6.08 6.07

Our top 10 is down to 7 with AOB HOM and IFO saying bye bye

billyjoe

[billyjoe]

AOB down and out. 2 earnings reports , 2 stop outs , will COGO follow the trend?

billyjoe

[billyjoe]

These 7% stops are brutal. HOM good report, up 11% at last quote but sellers bailed at 6 so stop triggered it's out. I bought in real life at 6.36.

IFO stopped out. Will any make it to week's end? AOB and COGO report later today.

billyjoe

[billyjoe]

What do I know. 9 of 10 open higher with only MIG opening at same as Friday close. At last check ERS was up over 10%.

Opening Prices

1. AOB 7.50 stop 6.97

2. LPSN 5.23 stop 4.86

3. COGO 6.50 stop 6.04

4. HOM 6.55 stop 6.09

5. IFO 9.96 stop 9.26

6. GROW 7.40 stop 6.88

7. ERS 8.67 stop 8.06

8. ENG 6.07 stop 5.65

9. CBIZ 6.20 stop 5.77

10. MIG 6.08 stop 5.66

billyjoe

[billyjoe]

Three report earnings today : AOB COGO HOM Expect at least one to drop off list fast with a 7% stop. Opening prices in a few minutes.

billyjoe

[Websman]

Thanks for this list.
I have owned AOB since july 21 ( 1.98 ) and HOM since aug 16 (2.63) . I have successfully traded both several times .So I looked into the other 8 , my favorites are ENG and MIG . I may buy one /both this week,. Im trying to figure why ENG has dropped from 9 to current level in 2 mos. I welcome any thoughts or arguments against these choices.

Thanks again for a good thread.

Nice job!

You may become a legend around here with picks like that.

[grebnet]

re picks

Billyjoe- thanks for the update on ENG......so that 2 mill shs will be dilutive to next qtrs earnings given that the sale occured on Oct 3rd and last qtr ended in Sept. So unkess income picks up dramatically, we may see a drop in earnings/shr this qtr........will keep looking need to see an indication of guidance, will have to check over last fin. statement

re AOB and HOM....I run screens daily and look into a lot of stocks to see what fits my style.
Here is what else Im holding (avg cost)

None of these will ever be Mr Market picks...

APLX (6.42)
EFJI (8.56)
EZEN (2.04)
GNTA (1.63)
GW (7.64)
HQSM (.26) i got a lot of this one
IO (7.70)
MCZ (1.45) ouch
NWD (1.83)
TGB (.95)
YHGG (3.93)

I like em all ...but IO has me a little nervous. MCZ... might as well wait for the new X-Box at this point to see if things pick up


just sold PRFT and RWC on Fri. may reenter both if pull back

[IIC]

Allright IIC has 3 of my picks : AOB IFO and ERS on his MOMO list. This gives me some added validation that these are mostly not just pulled out of left field.
Well , maybe a couple are.

billyjoe

AOB...Depends on the report...Same w/ HOM...I will wait...IIC

[skiracer]

Thanks for this list.
I have owned AOB since july 21 ( 1.98 ) and HOM since aug 16 (2.63) . I have successfully traded both several times .So I looked into the other 8 , my favorites are ENG and MIG . I may buy one /both this week,. Im trying to figure why ENG has dropped from 9 to current level in 2 mos. I welcome any thoughts or arguments against these choices.

Thanks again for a good thread.

Grebnet,
Two beautiful plays and exceptional gains on top of that. I would be truly interested in what brought you to both of them initially. Again two beautiful plays.