Peanut's Potent Plethora of Profit

[skiracer]

Major Indices move last week: DOW: -0.86%, NAZ: -0.84%, S&P500: -0.95%

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

IBD 100:
FMD, 65.46, 65.40, -0.09%
LQDT, 17.88, 16.15, -9.68%
CPA, 36.46, 36.76, 0.82%
ANST, 26.09, 24.10, -7.63%
GROW, 31.94, 30.15, -5.60%
CTCM, 26.73, 22.64, -15.30%
HWCC, 23.27, 19.94, -14.31%
CANSLIM:
AXR, 67.00, 60.60, -9.55%
CPA, 36.46, 36.76, 0.82%
UARM, 46.62, 45.22, -3.00%

As evidence of the past week's market direction, nearly all results are in the red. Profit taking in the 3rd week of a strong earnings season may actually just be a rebalancing and readjustment of positions to reflect recent quarterly results. The market is in churn mode and currently resides at the first level of support for the major indices. If this minor pullback continues into the next week, look for major areas of support to see if the market will bounce. The failure of these support levels to hold may suggest a possible reversal confirmation of the trend established in mid-July.

This screen works really well. I've been developing a pretty good trading scheme to it, but it's a secret

We'll we might be better not knowing this week. Alot of BIG RED there this week. Everyone is experiencing the same thing except for a few exceptions to the short side.

[spikefader]

From where I pulled the fibonacci retracement, the 61.8% line is about $6.65 (20% profit) and there's a nice gap @ $7.01 or about 16% profit from current price of $8.37..... If Q breaks $8.20 it should fall pretty quick. I think the overall market will need to contuinue it's selloff for it to happen though.

Nice spotting, Lye. I like the diamond top look about it too..... not sure the r/r is there for it yet.

[peanuts]

Its interesting that he's starting the new 100 billion dollar fund based on a buy and hold strategy, after having such a successful fund based on just the opposite.

It makes you wonder if he sees that he is missing out on some additional gains that look attractive to him, or whether he thinks that the market environment no longer suits his current trading program... Either that, or the article is right- he's just doing it to see if he can.

[peanuts]

We'll we might be better not knowing this week. Alot of BIG RED there this week. Everyone is experiencing the same thing except for a few exceptions to the short side.

Yeah, lots of red. Sorry to see HWCC up there so bloody like that for you. It never fails to amaze me how much movement the stocks in this screen have. They move in positive correlation to the major indices. These are great trading stocks.

[skiracer]

Yeah, lots of red. Sorry to see HWCC up there so bloody like that for you. It never fails to amaze me how much movement the stocks in this screen have. They move in positive correlation to the major indices. These are great trading stocks.

I've been out of it since 22 but it has taken a beating along with SMSI. Still the position lost .60 for that portfolio last week.

[peanuts]

Earnings Growth

***Q3 2006 screen results are here***

***The screen is completed and the stocks have been sorted. I have gone through each and every one of them and selected 59 stocks from the total of 520 stocks which met the +35% earnings growth criteria. See the link below for the spread sheet. Be patient while it loads.

LINK to the latest screen results

Here's a quicklist of the stocks which have been chosen from the complete list:
AMSF B BRNC GMR KAMN LUFK NOV OMG ORH PDC PDE PHLY PLXS PTEN RDC SAFC SCRX STLD TGI TRN WHQ AOS BHE BWINB FBC FO N OCAS PH RBC RCII RLI RS SFY SPSX UTR WLK WLSC WTS X CGX CKH OIS OSG RUTX CSS INTT KTCC MEA NC PATK ENTG FSII GAIN NCX PGTI RTEC TSYS

I now need your help to identify the 5 stocks which are technically poised to appreciate over the next 2 to 3 months. Tell me what you think of the charts! Tell me your top 5!

Hey everyone, How about a little help, here? I could really use it. I just finished the screen and went through all the stocks. Of those listed in the above quote, which ones do you like in the mid-term? Thanks for the help!

[spikefader]

Hey everyone, How about a little help, here? I could really use it. I just finished the screen and went through all the stocks. Of those listed in the above quote, which ones do you like in the mid-term? Thanks for the help!

Peanuts......Just checked 'em all out......and I like PDE PLXS RDC FO UTR CKH CSS FSII as longs.Good luck dude.

[billyjoe]

Peanuts,
The more I look, the more confusing it gets. But I'll give you 5.

1. RBC--a stand out, #1 by a lot
2. ORH
3. PHLY
4. WTS
5. PLXS

Hope you agree with at least one of these

----------bvillyjoe

[peanuts]

The Top 5

Spike and billyjoe, Thank you very much for the participation. I've come up with my top 5. I will be investing in all of these during this upcoming week. I will update the entries on the Earnings Growth post. Here's the top 5:

Top 5 Stocks With +35% Earnings Growth During Q3 2006:
AP $31.99
B $20.01
CKH $89.87
RBC $48.50
TWIN $34.35

Now for the fun part... I need technical entries for the following week. What price should I pay for these?

[IIC]

Spike and billyjoe, Thank you very much for the participation. I've come up with my top 5. I will be investing in all of these during this upcoming week. I will update the entries on the Earnings Growth post. Here's the top 5:

Top 5 Stocks With +35% Earnings Growth During Q3 2006:
AP $31.99
B $20.01
CKH $89.87
RBC $48.50
TWIN $34.35

Now for the fun part... I need technical entries for the following week. What price should I pay for these?

I'd like to know how you know that you will be investing in all of those this week???...What if the CFO for TWIN gets canned tomorrow just before the market opens???

[New-born baby]

Gmr

GMR is most definitely a short, Peanuts. Sector is sick, too.

[New-born baby]

B

B is a nice looking chart and near support for a buy-in.

[spikefader]

B is a nice looking chart and near support for a buy-in.

NB, I looked at B and liked it initially.....until I counted the long-term chart.....

[peanuts]

down to zilch!

GMR is most definitely a short, Peanuts. Sector is sick, too.

GMR has current EPS of 7.09 which is very good, but then when you look at the estimated EPS of next year, they only expect to record 2.79. It seems to me that this is a value trap for the underinformed. The P/E makes it seem to be cheap, but then you understand why the P/E is so low when you learn the earnings will be decreasing- the company will not be growing anytime soon without increasing their debt/equity. Rather than the price correcting to meet the earnings, it will be the opposite way around... the earnings will decrease to make the P/E more in line with the rest of the market.

So there you go, NBB. GMR looks like a good technical, sector, and fundamental short. Go spread the good word!

[skiracer]

GMR has current EPS of 7.09 which is very good, but then when you look at the estimated EPS of next year, they only expect to record 2.79. It seems to me that this is a value trap for the underinformed. The P/E makes it seem to be cheap, but then you understand why the P/E is so low when you learn the earnings will be decreasing- the company will not be growing anytime soon without increasing their debt/equity. Rather than the price correcting to meet the earnings, it will be the opposite way around... the earnings will decrease to make the P/E more in line with the rest of the market.

So there you go, NBB. GMR looks like a good technical, sector, and fundamental short. Go spread the good word!

I'm shorting everyone of them suckers tomorrow morning first thing.