Peanut's Potent Plethora of Profit

[DSteckler]

Dave,
What is the #1 stock in the past three weeks?

Ignoring a couple of stocks that are being bought out, #1 = OLAB. The next few (in order) are BITS, HOKU and CBAK.

[peanuts]

Ignoring a couple of stocks that are being bought out, #1 = OLAB. The next few (in order) are BITS, HOKU and CBAK.

who ever heard of HOKU? who?

[DSteckler]

As for EPS ranking, I'm not sure that too many companies are growing earnings at the pace of USLM.

There are seven companies in the group with higher EPS ranks. In decsending order, they are: EXP, MLM, CRH, VMC, FRK, HAN, and RMIX. There are two companies in the group with higher RS ranks: LR and CRH.

[DSteckler]

who ever heard of HOKU? who?

Here's something to chew on, Peanuts: The 3-week RS rank for HOKU is 99. The 26-week rank (which is how DG/IBG alleges they calculate it) is 5.

[peanuts]

Peanuts,
I have to ask what you saw in these two to take positions in both today. To each his own but could you give me the particulars of the trade for each.
The more I think about it the less I need to know or to put you on the spot about why you made the buys. No big deal. Good luck with both.

I'd be happy to discuss:

MVCO- very undervalued stock. It doesn't get much attention, and I feel that the stock price does not reflect asset values or even reflect the expected revenue growth from current backlog. It may get cheaper, so I have set loose stops to protect my position, but overall, I'm looking for MVCO to catch up in price to a point that make more sense to me. This is one that I will trim at a certain point, set a stop, and let the rest ride. I am also familiar with the stock as I have tracked its performance for 1.5 years. It was a market order that got filled at 9.82-9.83 for 700 shares.

IDWK- It came up on a screen of mine at 3:55. Rather than thinking it over too much, I bought 1000 shares as a short term trade. The screen looks for increasing price and volume in the past week, and then looks for decreasing daily price (-5% and more) with buying interest at EOD. $5.469 was the price I got on a market order. We'll see how it does tomorrow, but I'm not looking for much. Some other parameters of the screen are positive yearly earnings, above $3, below $10, volume above 150K. HOKU made this screen, the next day, I cashed out at 24% gain.

[IIC]

I agree with Dave...For shorter term trades a shorter look back is preferable for most...But not all, I for one love stocks that have gone up, pulled back preferably on lighter volume and then start coming back on vol. Using a 3 week look back may not give me the stocks I want to watch.

However, IBD does not use a 26 week look back...They use a 52 week look back on RS.

Right off of IBD:


Relative Price Strength (RS) Rating or Relative Strength

This IBD SmartSelect® Corporate Rating is a measure of a stock's price performance over the last twelve months, compared to all stocks in our database.

The rating scale ranges from 1 (lowest) to 99 (highest). Initial Public Offering (IPO) stocks will be assigned a "1" rating until the data from five trading sessions are available for calculation.

[IIC]

I'd be happy to discuss:

MVCO- very undervalued stock. It doesn't get much attention, and I feel that the stock price does not reflect asset values or even reflect the expected revenue growth from current backlog. It may get cheaper, so I have set loose stops to protect my position, but overall, I'm looking for MVCO to catch up in price to a point that make more sense to me. This is one that I will trim at a certain point, set a stop, and let the rest ride. I am also familiar with the stock as I have tracked its performance for 1.5 years. It was a market order that got filled at 9.82-9.83 for 700 shares.

IDWK- It came up on a screen of mine at 3:55. Rather than thinking it over too much, I bought 1000 shares as a short term trade. The screen looks for increasing price and volume in the past week, and then looks for decreasing daily price (-5% and more) with buying interest at EOD. $5.469 was the price I got on a market order. We'll see how it does tomorrow, but I'm not looking for much. Some other parameters of the screen are positive yearly earnings, above $3, below $10, volume above 150K. HOKU made this screen, the next day, I cashed out at 24% gain.

Peanuts...IDWK is my pick in the POTY

[peanuts]

Here's something to chew on, Peanuts: The 3-week RS rank for HOKU is 99. The 26-week rank (which is how DG/IBG alleges they calculate it) is 5.

I'll just chew on a 24% overnight gain, thanks

[peanuts]

Peanuts...IDWK is my pick in the POTY

Let me know when you sell it. I'll buy more

[IIC]

Let me know when you sell it. I'll buy more

Well you missed out...I did buy it in January...or was it December...ran up a little before EPS in Jan...then tanked...I lost 9% and never went back...I used to follow China a lot...But I never did that well w/ 'em...Technically not a Chinese Co....Or is it???

[DSteckler]

However, IBD does not use a 26 week look back...They use a 52 week look back on RS.

Proof positive that they changed it...again. I went through some stuff from a few years ago and they used to use 26 week. The 52-week lookback on HOKU is 15.

[New-born baby]

Ignoring a couple of stocks that are being bought out, #1 = OLAB. The next few (in order) are BITS, HOKU and CBAK.

Thank you Dave

[peanuts]

out IDWK

I was busy today.

bot MVCO @ 9.82
bot IDWK @ 5.47

Got what I wanted from IDWK, sold at intraday resistance at 5.69. I added to my position yesterday and this morning (approx 50%). Gain of 4.4% on total trade.

[peanuts]

MOMO update

CURRENT MOMO PORTFOLIO:

USLM, avg $29.5842 ( reduced by 33% 8/8 )
CADA, avg $19.90
TIII, avg $3.0873
LOGC, avg $1.974 ( added 8/8 and 8/9 )
JST, avg $11.19 ( Aug 18 )

Today, I released JST from the portfolio at $11.46 and $11.50. The total gain on the position was 2.59% for a 12 day hold. I no longer feel confident of any force behind future positive movement. It seems like the stock wants to take a breather.

CURRENT MOMO PORTFOLIO:

USLM, avg $29.5842 ( reduced by 33% 8/8 )
CADA, avg $19.90
TIII, avg $3.0873
LOGC, avg $1.974 ( added 8/8 and 8/9 )

[DSteckler]

Peanuts, take a look at IWOV. I picked it up on the 14th between 9.75 and 9.90; sold it today for between 11.20 and 11.25. I'm looking to pick it back up again starting at 10.25 and down to 9.90 (if necessary).