Running With The Shark

[riverbabe]

I have mentioned several times in these forums that I follow the market analyses of James "Rev Shark" DePorre very carefully. He is a blogger on RealMoney at TheStreet.com and also runs a hedge fund. His site is www.sharkinvesting.com. I have found his explanations of what is going on in the market, and what he sees coming, to be pretty much right on the money. And his explanations are clear, concise and illuminating.

Every week he picks a Stock of the Week, usually as a Momo (no, IIC, not a P/D). This week it is OFI (Overhill Farms)..."a small company that is a custom manufacture of frozen food produces such as pastas, soups, steaks, poultry, etc. The company has been in business for 35 years and has over 800 employees and this past week announced a major expansion of its California factory. The company is expected to grow earnings in 2007 47% to 47 cents and another 28% in 2008 to 60 cents. The stock is currently trading a little over 6 with a PE of 16 which makes it an attractive bargain as well as being in a defensive sector.

The chart is setup well with good support around 5.50 and recent closing highs of 6.50 within a stone’s throw. The stock attempted to move out on the factory expansion plans mentioned above but couldn’t quite kick it into gear but it looks like it could work higher from here especially if market player begin digging deeper into defensive sectors such as food suppliers."

I won't quote any more, because I don't want to violate his copyright. But, for those who want to read more, and take a look at his charts, please visit his free site and sign up for free nightly emails, if you wish.

So, my pick for the POTW this week is OFI. I have used several of his picks in the POTW in the past, with mixed results. A notable one being SOLF, that I shorted instead of going long, against his suggestion, when the Chinese market went south.

I have thought about using a thread such as this to follow his weekly picks to see what happens to them, in both the short and long run.

Is that something anybody here would be interested in seeing?

Riverbabe

[jiesen]

yes, definitely would be interested!

[billyjoe]

river,
I've been following OFI for a while and even had it ranked #1 on my under $10 watch list at another site. Interestingly enough OFI and GTI , my #2 pick were the only 2 of my 10 to go up last week. I ranked them roughly by low P/E ratio combined with high future EPS estimates along with a few other parameters.

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

[New-born baby]

Bring it on!

River,
Bring it on! Any kind of analysis is what I want to see.

[IIC]

Every week he picks a Stock of the Week, usually as a Momo (no, IIC, not a P/D). This week it is OFI (Overhill Farms)..."a small company that is a custom manufacture of frozen food produces such as pastas, soups, steaks, poultry, etc.

Wait a minute!!!...I publically and personally apologized to him and Scott (Lizz) 3 years ago about that P/D comment. Anyway, I never accussed them of doing it, I simply said something like the opportunity to do so certainly presents itself when you charge people $400 a month to be in your chat room to watch you trade.

Now, I did accuse them of being late to the party in most cases. I had access to their pix for quite some time.

However, I think it is a good idea for you to have a thread about them...Generally I'd say they are "Modified Canslim" types...And anyway, a lot of their pix are on the IIC 100...maybe they're regular readers???...Afterall, they might as well be since I don't charge.

OFI...stormed onto the IIC 100 at # 19 on Feb. 12th...Currently # 3...IIC

[riverbabe]

Wait a minute!!!...I publically and personally apologized to him and Scott (Lizz) 3 years ago about that P/D comment. Anyway, I never accussed them of doing it, I simply said something like the opportunity to do so certainly presents itself when you charge people $400 a month to be in your chat room to watch you trade.

OFI...stormed onto the IIC 100 at # 19 on Feb. 12th...Currently # 3...IIC

Wow, did I hit a sore spot! Doug, I didn't know you had history with them. This is what I was referring to:

http://www.mrmarketishuge.com/showpost.php?p=73833&postcount=2

And I do look at your charts which, incidently, are very conveniently arranged and have very interesting indicators! Have even voted for you many times. Your 100 are super great! But, as you know, for the POTW it's the timing that counts. He just highlights them when they look like they're gonna pop. I admit, that makes it easier for me timewise. Although I consider all his picks, I don't use them consistently. I do my own research too. BTW, I haven't forked over any money yet.

I'm still getting used to the IIC 100. You see, I wouldn't have noticed that OFI (or SOLF, for that matter) had moved up so far, unless I had been paying attention to its position over the weeks. Guess I'm going to have to start numbering them in big bold font and buy a copy of "The IIC 100 for dummies."

[riverbabe]

river,
I've been following OFI for a while and even had it ranked #1 on my under $10 watch list at another site. Interestingly enough OFI and GTI , my #2 pick were the only 2 of my 10 to go up last week. I ranked them roughly by low P/E ratio combined with high future EPS estimates along with a few other parameters.

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

Billyjoe, that's interesting. Any reason you didn't pick it for the POTW? Have you posted your system anywhere? Will you share where the "another site" is? River

[riverbabe]

I'm still getting used to the IIC 100. You see, I wouldn't have noticed that OFI (or SOLF, for that matter) had moved up so far, unless I had been paying attention to its position over the weeks. Guess I'm going to have to start numbering them in big bold font and buy a copy of "The IIC 100 for dummies."

Okay, apologies from me are in order. I just found

http://www.stock-screens.us/blog/iic100/

I must have been blind. Sorry IIC, River

[billyjoe]

Billyjoe, that's interesting. Any reason you didn't pick it for the POTW? Have you posted your system anywhere? Will you share where the "another site" is? River

River,
I screened for under $10 stocks with a P/E / Projected earnings ratio of .5 or less. Then I checked a few other factors such as ROE,RS,Group Strength. If any of these looked weak to me , I eliminated the stock. I also checked the opinion of vectorvest mostly for a final ranking I don't think vectorvest caused me to eliminate any more candidates. These were my final 10 ranked in order as of 3/7/07. Just for fun I'll throw out any that drop 10% from the price on 3/7. I don't own any of these. It's an experiment.

Stock----------P/E---------Projected Earnings

OFI------------15-------------47
GTI------------14-------------30
GIB------------15-------------30
WILC----------23-------------285
ESEA----------18-------------232
BPHX----------20--------------33
SORL----------18--------------57
ACTU----------23--------------30
CRNT----------23--------------62
STEC----------18--------------24

I did pick SORL last week because it seemed to show promising price/volume action the previous Friday, but it didn't work out.

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

[riverbabe]

River,
I screened for under $10 stocks with a P/E / Projected earnings ratio of .5 or less. Then I checked a few other factors such as ROE,RS,Group Strength. If any of these looked weak to me , I eliminated the stock. I also checked the opinion of vectorvest mostly for a final ranking I don't think vectorvest caused me to eliminate any more candidates. These were my final 10 ranked in order as of 3/7/07. Just for fun I'll throw out any that drop 10% from the price on 3/7. I don't own any of these. It's an experiment.


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

Thank you BJ! Interesting screen. Makes sense to me. River

[IIC]

This is weird...On one forum and one chat today four different people mentioned RevShark and Pump 'n Dump...I'm not kidding.

One post specifically mentioned WFR.


Maybe you're psychic Riverbabe???

[billyjoe]

Doug,
River has powers we men cannot comprehend.

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

[IIC]

Doug,
River has powers we men cannot comprehend.

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

Guess so...lol

Anyway, I must admit, I'm not one to stereotype except for one group...ATTORNEYS...Both Rev and Scott are former lawyers.

Heck, I even took my own lawyer to arbitration once...I actually won, although not nearly as much as I was asking for...Needless to say, the guy is not my attorney anymore.

[riverbabe]

This is weird...On one forum and one chat today four different people mentioned RevShark and Pump 'n Dump...I'm not kidding.

One post specifically mentioned WFR.


Maybe you're psychic Riverbabe???

Maybe they're reading our posts! Or maybe this at least partially explains it!

http://www.thestreet.com/_tscs/markets/activetraderupdate/10345504.html

[IIC]

Maybe they're reading our posts! Or maybe this at least partially explains it!

http://www.thestreet.com/_tscs/marke.../10345504.html

I don't think so about reading our posts...One guy I believe subscribes to RealMoney.com. As far as the others, I think they were former Swamp Swimmers.

Actually, even though they threaten their subscribers with massive lawsuits if they leak anything...I must say it is pretty easy to find a lot of their stuff for free.

Speaking of the Swamp...I was banned from there once for 7 months...then I was let back in after I apologized...although I never posted there again. I wasn't banned for breaking the rules...I was banned because I put Lizz on Moderated posts at the Old CanslimStockPicks...What that means is that his posts would not appear on the forum until after I read and approved them...Needless to say, he didn't like that...LOL...I also banned Revshark...Ahh, the power of moderation. I probably would've let their buddy stay though...But he never joined...Unless he used a fake name...Hey, maybe....Doug(IIC)