Opportunity Buffet Part 2 | stockbee

7/19/2007

Opportunity Buffet Part 2

Some stocks go up, some go down. When stocks go up a lot, expectations gets out of whack and stocks breakdown. The IBD kind earnings and price momentum stocks often make great shorts because of volatility of their earnings. After few quarters of good earnings, even a slight slowdown is fatal.

On the short side stocks price peaks before fundamental peak, so it is very different game identifying shorts. The catalyst which work on long side, do not work exactly in reverse on short side. Plus presence of dip buyers, growth at reasonable price, and value investors, there are buyers at different levels below current price with different motivations and holding periods. So the ride down is much bumpier.

Bearish Moves
AHM,American Home Mtg Hldgs (Google Yahoo Earnings Chart)
ARAY,Accuray Incorporated (Google Yahoo Earnings Chart)
BAX,Baxter International Inc (Google Yahoo Earnings Chart)
BHIP,Natural Health Trends Corp (Google Yahoo Earnings Chart)
BSM,BSD Medical Corp (Google Yahoo Earnings Chart)
CBC,Capitol Bancorp Ltd (Google Yahoo Earnings Chart)
CE,Celanese (Google Yahoo Earnings Chart)
COT,Cott Corporation (Google Yahoo Earnings Chart)
CTAS,Cintas Corp (Google Yahoo Earnings Chart)
DRAX,Draxis Health Inc (Google Yahoo Earnings Chart)
ENER,Energy Conversn Devices (Google Yahoo Earnings Chart)
ESI,Itt Educational Services (Google Yahoo Earnings Chart)
FCSX,FCStone Group` Inc. (Google Yahoo Earnings Chart)
FMCN,Focus Media Holding Ltd ADR (Google Yahoo Earnings Chart)
HWCC,Houston Wire & Cable Company (Google Yahoo Earnings Chart)
ICUI,Icu Medical Inc (Google Yahoo Earnings Chart)
ILE,Isolagen Inc (Google Yahoo Earnings Chart)
INFN,Infinera Corporation (Google Yahoo Earnings Chart)
INNO,Innovo Group Inc (Google Yahoo Earnings Chart)
IONA,Iona Technologs Plc Adr (Google Yahoo Earnings Chart)
KNL,Knoll Inc (Google Yahoo Earnings Chart)
KVHI,Kvh Industries Inc (Google Yahoo Earnings Chart)
LMRA,Lumera Corporation (Google Yahoo Earnings Chart)
MACE,Mace Security Internat (Google Yahoo Earnings Chart)
MATH,MathStar Inc (Google Yahoo Earnings Chart)
MDII,Midi Inc (Google Yahoo Earnings Chart)
MEG,Media General (Google Yahoo Earnings Chart)
MMR,Mcmoran Exploration Co (Google Yahoo Earnings Chart)
MNTA,Momenta Pharma (Google Yahoo Earnings Chart)
MZ,Milacron Inc (Google Yahoo Earnings Chart)
NVEC,Nve Corp (Google Yahoo Earnings Chart)
OMRI,Omrix Biopharmaceuticals Inc (Google Yahoo Earnings Chart)
OMTR,Omniture Inc (Google Yahoo Earnings Chart)
PLUS,Eplus Incorporated (Google Yahoo Earnings Chart)
ROCM,Rochester Medical Corp (Google Yahoo Earnings Chart)
RS,Reliance Steel & Alum Co (Google Yahoo Earnings Chart)
RX,Ims Health Inc (Google Yahoo Earnings Chart)
SIR,Sirva Inc (Google Yahoo Earnings Chart)
SMIT,Schmitt Industries Inc (Google Yahoo Earnings Chart)
TSYS,Telecommunications Systm (Google Yahoo Earnings Chart)
UMPQ,Umpqua Holdings Corp (Google Yahoo Earnings Chart)
VG,Vonage Holdings Corp (Google Yahoo Earnings Chart)
VMC,Vulcan Materials Co (Google Yahoo Earnings Chart)
XNN,Xenonics Holdings Inc (Google Yahoo Earnings Chart)
YGE,Yingli Green Energy Hlds Co (Google Yahoo Earnings Chart)
ZIGO,Zygo Corp (Google Yahoo Earnings Chart)



Now out of this stocks to watch for possible further downside pressure are :
SMIT, NVEC, CE, OMTR, RS, BAX, ENER, CTAS, FMCN, MEG, HWCC, RX, OMRI, ICUI, VMC, ROCM, MNTA, INFN

If you have been tracking this scan for sometime, in recent months you would have noticed market has soured on medical, pharma and medical technology stocks. One by one they are breaking down. Six months ago most of these stocks were leaders of the rally. Expect more medical stocks trading near their high to breakdown.

So that is the opportunity on bearish side.

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