Billyjoes Top 10 Cheap Stocks

[billyjoe]

Greb and Ski,
I'll also post results of same portfolio had I just held them and sold those stopped out. I'm liquidating at the end of each week and won't hold the same stocks unless they make the top 10 the next week. Some have repeated (HOM,GROW) some will leave for a while and come back (COGO) , but most will go away for good after one week. The cash value will be rolled over and calculated at the end of the 10 week period. Because of my weak mathematical skills, however, will use the $100,000 per stock $1,000,000 per portfolio basis to start each week.

I've been tweaking the stops, but for a while it will remain Mon.--7% Tues.--6% Wed.--5% Thur.4% Fri.--2% of that day's opening price. If I'm right when the winners start running the stops won't get them. If they're stopped Fri. they should still have a nice gain. So as not to repeat the HOM disaster and to avoid pre-market losses , sell limit orders are also in place.

billyjoe

[billyjoe]

HOM stopped at 5.65 for 2.6% loss

COGO stopped at 5.94 for 1.0% loss

six remain GROW MOSS APLX CYBS TLF ACTU

billyjoe

[RL]

Billy this showed up on my e-mail ? Looks like a free sight? Did not have time to Investagate www.positionplays.com

[billyjoe]

TLF stopped for a 6% loss

Today we had $94,000 from RWC sale go to GROW at open. GROW was up 9.474% from our initial purchase so we added $109,474. Our $203,474 went up another 8.479% today so we now have $220,727 in the position and will add more $$ at open tomorrow.

We also took $94,000 from FPP sale and added to APLX at open. APLX was up 2.07% from our initial purchase price at todays open so we added our $102,071. Our total was $196,071. APLX was up .7246% today and we have $197,492 in the position. We will add more at open tomorrow.

We have 3 remaining positions open in addition to GROW and APLX. They are CYBS down .8% , ACTU down 1.5% , and MOSS up 3.72%

No money will be added to the CYBS and ACTU positions tomorrow.

COGO stopped at a 1% loss. Its $99,000 will be added to our leading stock GROW at open tomorrow.

HOM stopped at a 2.6% loss. Its $97,414 will be added to APLX at open tomorrow.

TLF stopped at a 6% loss. Its $94,004 will be added to our 3rd winner, MOSS at open tomorrow.

Stops will be set at 4% of tomorrows opening price.

billyjoe

[mrmarket]

When you say cheap, do you mean low priced stocks or stocks with low PE's?

[billyjoe]

Mr.Market,
Low priced , under $15.00. I tried screening under $15.00 with low p/e , but it eliminated most other guidelines I was looking for. However , all other factors being equal , a low p/e could get a stock into the top 10 if it's on the bubble.

billyjoe

[billyjoe]

News Flash GROW stopped at 12.42 just after we put all that new money in it. The overall gain is 18.85% , not bad I wish it could have lasted another day. We have $315,988 to reinvest tomorrow. Remaining stocks : MOSS APLX ACTU CYBS.

billyjoe

[billyjoe]

Sold CYBS at 7.50 reason ---failure to perform lost 1% ,funds to reinvest tomorrow $99,075 . We've still got 3 stocks left and they look good.

MOSS APLX ACTU

billyjoe

[billyjoe]

Thursday Cheap Stock Portfolio Week 3

We go into Friday with our 2% stops in place looking good with all the $$ riding on these 3 stocks :

APLX---$307,636 from appreciation and reinvested cash from HOM (97,414) and RWC(94,000) we also add $105,330 from GROW and $99,075 from CYBS for a grand total :

---------$512,041


MOSS---$201,261 from appreciation and cash from TLF (94,004) plus from GROW we add $105,330 for a total :


---------$306,591


ACTU----$101,493 from appreciation plus from GROW we add $105,330 total:


---------$206,823

Which adds up to $1,025,455 . We will make a profit even if all positions are stopped at 2% under opening price or I could close it all now with a profit of 2.5% after commissions, but I won't.


billyjoe

[billyjoe]

Week 3 Cheap Stock Portfolio is History

That's right. It ended quickly today on a positive note for the CSP.

MOSS gapped up at the open , we added our reinvestment $$. It then stopped out , but with a gain for the day. Our starting amount was $306,591 we ended up with :

MOSS---$310,877

APLX also gapped up at the open, we added our reinvested $$. It hit the 2% stop , but gained for the day. We started with $512,041, but since the added money was stopped by 2% we ended up with :

APLX----$510,117

ACTU opened up .05 . It never was stopped. Sold at a .04 gain for the day. We started with $101,493 added reinvestment funds of $105,330 total starting funds $206,823 we finished with :

ACTU----$207,712

Grand Total $1,028,706 we allow $300 for 29 transactions giving us a profit of 2.84%

ACTU was our lowest priced stock at 3.35 and was sold at 3.44 having never been stopped, but the Superstock of the week was again GROW, stopped on Thursday with a gain of 18.85% from it's opening price and a gain of 15.99% with the proceeds from 2 other stocks reinvested in it.

billyjoe

[spikefader]

Spike,
I can see that it's alot of work an am amazed at how thorough you've been with your exercise. I just don't have the time to do that. I think there will be weeks where the outcome might be phenominally high but there is always the risk factor and it becomes alot of money. I know you keep your stops close and tight an in the best spots but they still add up as they get stopped out and you're left with a couple of positions that you're relying on to stay on the + side. I do think it is a decent method and can and will work but it still is alot of work and alot of capital at risk. Anyway it's always good to take a close look at it to see whether or not it is worthwhile. I wouldn't have thought of it myself until you guys mentioned doing it. It's all a learning experience so it's all good.

Yep, agree

After going through the motions, and watching how Creme compared to the system I did for IIC's Top 100 (over in his thread), I gotta say I like that way a whole lot better; much much less work, much less risk cuz you've got diversity the entire time, AND not only that but it's more profitable despite some big hits to that port; I'm very impressed with it.

I should actually apply the buy and hold to the Creme from the start and see where that stands relative to IIC's actually and see how they compare.

[spikefader]

Week 3 Cheap Stock Portfolio is History
CSP Grand Total $1,028,706 we allow $300 for 29 transactions giving us a profit of 2.84%
billyjoe

Nice work

[billyjoe]

Week 3 Cheap Stock Portfolio

Our reinvesting in the best stocks method ended the week up 2.84%. Lets see how the hold em or fold em method did with the same stocks :

Stock------ Open Mon. --- Stopped or Sold Price---- Dollar Amt.--Loss/Gain

GROW-------10.45---------12.42-----------------$118,852----+18.85%

MOSS--------5.38----------5.86-------------------108,922----+8.92

HOM---------5.80----------5.65--------------------97,414----- -2.6

APLX--------6.76----------7.30--------------------107,988-----+7.99

CYBS--------7.57----------7.50---------------------99,075----- -1.0

TLF----------5.17----------4.86---------------------94,004----- -6.0

RWC---------6.45----------6.16---------------------94,000----- -6.0

COGO--------6.00----------5.94---------------------99,000----- -1.0

ACTU--------3.35----------3.44---------------------102,687-----+2.69

FPP----------7.79----------7.13----------------------94,000----- -6.0

Total funds started $1,000,000 ended with $1,015,942 take out $300 for 29 trades we have $1,015,642 or a gain of 1.56% good but not as good as reinvesting into the best performing stocks which yielded 2.84%.

New Cheap Stock Top 10 List Saturday

billyjoe


"if it's stupid, but it works, it ain't stupid"

[billyjoe]

Week 4 Cheap Stock Portfolio Starting Dec.5,2005

Here's our new top 10 with mostly familiar names

1.GROW--11.40--registered investment advisors

2.HOM---5.74--home restoration after wind, flood damage

3.MOSS--5.91--designs clothes for target stores

4.MED---5.67--health and diet products

5.SPIL---5.73--Taiwan semiconductor testing,packaging

6.RWC--7.08--wireless mobile radios

7.LPSN--5.35--online software for internet sales

8.APLX--7.07--software for management of budgeting,forecasting

9.TLF---5.60--retail leather stores

10.CYBS--7.48--electronic payment for businesses

billyjoe

[Runner]

Billyjoe, just was looking at your picks and not bad looking. Something I'll often do is take partial profits on my stock when it moves in favor based off my initial stop.

Here was a trade I did this week on NDAQ. I had a little over a 1 point risk on it. Once this stock moved up one point I locked in some gains and now I'm trailing the rest. Conservative approach sure but just a simple technique. Now if you had 500 shares and once stock hits initial risk target sell 250 shares and hopefully ride the rest with a stop but once profits are taken try to not take a loss and worst case a scratch or break even. Now gaps can hurt but that is part of the game. Not sure if this makes sense but let me know what you think.