Peanut's Potent Plethora of Profit

[peanuts]

I have been telling you about the steel industry consolidation for a while, now.

And now this: LINK

Corus bought by TATA

[Lyehopper]

hehe Hey Lye, there's a gap for OS down at $17.01 and another at $22.89!

But frankly, I think the TA suggests we see $60+ before the drop. In particular, note that 3rd chart below...we're in a monthly 5th up.

TA-SchMeA.... lol

[Websman]

CAT report was terrible, bad, aweful, ugly, disappointing, sad, depressing, shocking, and maybe a warning. I am not going to buy any ASVI until the action settles down. Maybe if it gets really really cheap or some technical reason triggers a buy for me, but geez, that report sucked!

Maybe it's time for me to take profits on ASVI... I'll check it out this weekend.

[lemonjello]

OS reports Monday. There are a huge number of call vs put options at 50 and above. Should be interesting.

[peanuts]

Earnings Growth

I have been working with a friend today developing the Earnings Growth portfolio for the 3rd Q. This file is the Excel file if you are interested in learning how I do my scan of earnings:

LINK (click this link, then you must wait 20 seconds, then click "Click here to download file.", then you can click "open" to view the spreadsheet - just be patient)

The highlighted stocks in Green are those which I think are good longs based solely on the results of EPS (ttm), P/E, P/B, P/S, EPS est, and Float. The main screen is for PEG ratio, and the list is only generated with stocks that have superior earnings growth (+35%) this quarter.

I have done no TA on any of these.

Anything draw your interest?

[Runner]

peanuts I checked out your list and awesome job. I personnally think metals and energy might be the way to go. Not sure how you put the spreadsheet together but looks nice.

[peanuts]

peanuts I checked out your list and awesome job. I personnally think metals and energy might be the way to go. Not sure how you put the spreadsheet together but looks nice.

Thanks Runner, It took some time to do it all, but the color scheme isn't as tough to do as it may seem from the surface. It's just a matter of sorting in Excel, and highlighting a range of results in 3 colors, then moving to the next column. I too am looking at metals and energy for longs, and hospitality for shorts.

[peanuts]

last week's results

IBD 100:
HWCC $21.87
CPA $36.16

CANSLIM:
UARM $47.94
COGO $15.01

Major Indices move last week: DOW: 0.35%, NAZ: -.64%, S&P500: .22%

TICKER, $beginning price, $ending price, 1 week % return (positive or negative)

IBD 100:
HWCC, 21.87, 22.79, 4.21%
CPA, 36.16, 37.95, 4.95%

CANSLIM:
UARM, 28.02, 27.30, -2.57%
COGO, 15.01, 14.58, -1.14%


The market continued its high volume action this week, but barely budged in price. This normallt signals a point where money is changing hands, people switch out of some investments, and into others. We've had a long run from the bottom in July, and people may be taking profits as well. Who knows that real reason why it has happened, but the fact is that is has happened, and has rasied quite a few eyebrows about the direction next week. Usually, this type of action signals at least a short-term correction, if not the beginning of a longer-term reversal. Caution in establishing long positions is a good idea. If this is a pullback from recent levels, look for the bull market to continue at any point- it has been relatively strong, with alot of buying in the most recent weeks.

[skiracer]

Thanks Runner, It took some time to do it all, but the color scheme isn't as tough to do as it may seem from the surface. It's just a matter of sorting in Excel, and highlighting a range of results in 3 colors, then moving to the next column. I too am looking at metals and energy for longs, and hospitality for shorts.

It must have taken alot of time and energy Peanuts. Lots of info there for sure. I like the idea of differentiating between the stocks that have a better chance of appreciation. There were alot of items there along with all of the colors that made it alittle harder to focus on all the info. Maybe a little bit busy but nice job overall regardless if you use this type of info or not in your trading.

[peanuts]

10/20/06 screen results

The IBD Weekly Screen

IBD 100:
NO STOCKS FIT THIS SCREEN FOR THE WEEK

CANSLIM:
AXR $63.60
CPA $37.95
UARM $45.84

[peanuts]

It must have taken alot of time and energy Peanuts. Lots of info there for sure. I like the idea of differentiating between the stocks that have a better chance of appreciation. There were alot of items there along with all of the colors that made it alittle harder to focus on all the info. Maybe a little bit busy but nice job overall regardless if you use this type of info or not in your trading.

It's only useful information if you use it.

[skiracer]

It's only useful information if you use it.

What I meant was that even if you are not a fundamental based trader there is alot of info there worth looking at. Say if you were looking at a chart from the TA side and then took a look at your table to confirm the fundamental strength of the stock based on what you have here. I think that would definitely be worthwhile and you would be using it to some degree.

[RL]

Peanuts that Is fantastic work on your part, hope I can be able to use the Info to my advantage.

[billyjoe]

Peanuts,
I took all the "green" stocks and checked them out for other opinions. Here are the highest rated.

KEY--Stockscouter rated 7-10

-------Vectorvest Highly Recommended-- V

-------GURU Analysis Very Positive-----G

-------2nd Opinion Weekly--B-(BUY) or SB (Strong Buy)

-------Barchart--Recommended 100% short, mid, and or long term--100

CLDN--10,V,G,B
FCX---10,V,G
STLD--V,G,B
ALB---8,V,100
AME---8,V,SB
CPSS--9,B,100
GSBC--7,V,100
PH---8,V,G,SB
RLI--9,B,100
RS--V,G,SB
UNP--8,V,SB
USAP-7,V,B,100
AP---7,V,G,B

Some stocks aren't followed by all services or received a low ranking. That's why all symbols aren't used for all stocks. How about I call these Peanut's lucky 13 and track them say until Dec. 1st?

---------billyjoe

[Lyehopper]

OS reports Monday. There are a huge number of call vs put options at 50 and above. Should be interesting.

It's time to short basic steel.... Is there an echo in here? in here? in here?