Peanut's Potent Plethora of Profit

[peanuts]

Super Bull Screen

If we are going to continue with this super bull market, then please consider looking at the results of a screen that I do when the market begins to make a slight pullback after making new highs:

NOV CAM PPG NBL CSX PCP WCG NSC FSRV ARG SPWR

After reviewing the group, I've underlined the stocks that are my personal favorites. Here's the current charts for each of these (note: the chart will be current at the time of you reading this post, not the post date)-

PPG


WCG


NSC


ARG


Which one is your favorite? huh? huh? huh?

[peanuts]

Mr. Market is HUGE

Momentum looks broken...and where are the earnings???

Yes, Mr. Market, you have a good point about current momo being broken... if anything, there is downward momentum. I'm certainly not trying to say that this is today's momo play, but it should be a momo play sometime in the future. I am basing this assumption on future earnings growth and realization of the business model.

In a three year time-frame, CNS has beaten the S&P 500 handsomely. Earnings have fluctuated recently, but remain positive. However, Yahoo! Finance lists the YOY Quarterly EPS growth at 156%. Here is a visual of the stock over the last 3 years, and it's percentage return. The purple line represents the S&P 500 performance. EPS tracking is the lower part of the chart:



High-end REITS should have little, if any, problems associated with sub-prime lending. Cohen and Steers' bottom line is connected to international business as well, and directly affected by the performance of large-cap US growth stocks.

[IIC]

Momentum looks broken...and where are the earnings???

Ernie...I certainly agree about MoMo...But what do you mean about Earnings?...How much eps and projections do you look for?

[mrmarket]

I'm getting the feeling that I've taped a picture of myself to the wall, here. I mean, not only are my words directed at the wall, but also myself....

Buy the heck out of CNS! Don't stop anytime soon, because you'll never see it this cheap again before another moon. There.... is THAT easier to understand.....

Momentum looks broken...and where are the earnings???

[New-born baby]

Several years ago at our church they were having the Christmas Eve candle lighting ceremony. A bat came out of the belfry and a lady panicked waving her arms and almost knocked over the large candles in the center aisle. I can imagine the tragedy that might have happened. It really was humorous. Unfortunately, the good people of the congregation killed the bat and threw it out in the snow.

-------------billyjoe

You have bats in your belfry.

[New-born baby]

Several years ago at our church they were having the Christmas Eve candle lighting ceremony. A bat came out of the belfry and a lady panicked waving her arms and almost knocked over the large candles in the center aisle. I can imagine the tragedy that might have happened. It really was humorous. Unfortunately, the good people of the congregation killed the bat and threw it out in the snow.

-------------billyjoe

You have bats in your bellfry.

[billyjoe]

Several years ago at our church they were having the Christmas Eve candle lighting ceremony. A bat came out of the belfry and a lady panicked waving her arms and almost knocked over the large candles in the center aisle. I can imagine the tragedy that might have happened. It really was humorous. Unfortunately, the good people of the congregation killed the bat and threw it out in the snow.

-------------billyjoe

[New-born baby]

I'm not sure about his book... I have never read it. But, I did check out his website and couldn't find a "flying bat" - link: http://thepatternsite.com

It's odd how a tiny bat, flying around a group of people, can sometimes induce a frenzied exodus from that location. In actuality, the bat poses no real threat. The creature has been villified and the perception of danger can overcome some people's rationality.

Of the over 1000 species of bats, 3 are known be blood-drinkers. .5% of bats have rabies. 1.5 million Mexican free-tail bats, living in Austin, TX eat an estimated 10,000 to 30,000 pounds of insects each night- the very same bugs that tickle our eardrums and make us swat the air aimlessly.

Just spent an evening at Yellowstone Lake in WI. The DNR put up some 1,000 bat houses. Bats eat about 10,000 mosquitos per day. I never got a single mosquito bite all night. But I have to say it is more annoying to swat bats away than mosquitos.

[peanuts]

Bats and the Market

Peanuts,
Wasn't "flying bat" #53 in Bulkowski's book ? Note the right wing tip in the 1yr chart, classic!!

------------billyjoe

I'm not sure about his book... I have never read it. But, I did check out his website and couldn't find a "flying bat" - link: http://thepatternsite.com

It's odd how a tiny bat, flying around a group of people, can sometimes induce a frenzied exodus from that location. In actuality, the bat poses no real threat. The creature has been villified and the perception of danger can overcome some people's rationality.

Of the over 1000 species of bats, 3 are known be blood-drinkers. .5% of bats have rabies. 1.5 million Mexican free-tail bats, living in Austin, TX eat an estimated 10,000 to 30,000 pounds of insects each night- the very same bugs that tickle our eardrums and make us swat the air aimlessly.

[billyjoe]

Peanuts,
Wasn't "flying bat" #53 in Bulkowski's book ? Note the right wing tip in the 1yr chart, classic!!

------------billyjoe

[peanuts]

Well assuming the 5th is complete, and assuming subwaves aren't delivered to this brearish count ye will likey get the abc correctives out of this: (3-day per candle chart). Whenever the C comes along, that'll be the crucial resistance fer it to get over. G'luck wit' it!

Spike,
Thank you very much. I take this chart as another confirmation of this being a great buying opportunity. I'm taking an inverse approach to this: I've learned from you that on a bullish stock, it is wise to sell and take profits when a 5 up is being made. So therefore, the converse should be true as well: On a bearish stock, it is wise to cover a short when a 5 down is being made. Covering a short and going long are so similar (essentially the same), that it should also be wise to time long entries when a 5 down is being made. Of course.... it's not a five until it is, or is it a 5 until it is not?

So, if those who were short should be covering, and if billyjoe says it's good fundamentally, and Doug is scared to buy it, I'm even more confident of a long here. Plus, you gave a nice juicy target of $49.00, which is a 28.77% premium to my entry price; and that sounds great!

btw:
which "flying bat position" were you referring, billyjoe?
or

[IIC]

This adds to the plus factors, I think. Would YOU buy it here, Doug?

No...Calling the bottom is not one of my better traits...I would rather wait till it turns up and at least gets thru the 20ema...In this case I'd also want to see the 2,13,12 cross and the RSI 7 go above 30...If you are right at this point you make more...but it is riskier IMO

[spikefader]

I'm at it again! CNS ... at $38.05...

Tell me whether I've sealed a doomed fate or made a wise decision....

Well assuming the 5th is complete, and assuming subwaves aren't delivered to this brearish count ye will likey get the abc correctives out of this: (3-day per candle chart). Whenever the C comes along, that'll be the crucial resistance fer it to get over. G'luck wit' it!

[billyjoe]

Peanuts,
CNS has the " flying bat " chart which is a no no technically. Fundamentally it's great , but I believe is being thrown into the real estate barrel of stocks and unfairly taking a whipping. Don't like it short term , like it long term.

---------------billyjoe

[peanuts]

In May CNS was on our CwH list for a while till the handle went down too far...I was pretty surprised...I kept it on my "A" watch list for a while waiting for a pivot window move that never happened. I believe it was an IBD stock too

This adds to the plus factors, I think. Would YOU buy it here, Doug?