Opportunity Buffet Part1 | stockbee

7/25/2007

Opportunity Buffet Part1

This is not an ideal environment to aggressively chase stocks for swing trades also on long side. In few days we will know if the move has more downside. So none of the stocks in these scans are screaming buy, but keeping an eye on what moves up during such corrections gives you an idea about where likely future moves are going to come from.

Bullish IBD 70 plus EPS
13 stocks in this scan today.
ALKS,Alkermes Inc (Google  Yahoo  Earnings  Chart
AXE,Anixter International (Google  Yahoo  Earnings  Chart
CHKP,Check Point Software Technologies Inc (Google  Yahoo  Earnings  Chart
CNC,Centene Corp (Google  Yahoo  Earnings  Chart
CPO,Corn Products Intl Inc (Google  Yahoo  Earnings  Chart
CRNT,Ceragon Networks Ltd (Google  Yahoo  Earnings  Chart
DGII,Digi International Inc (Google  Yahoo  Earnings  Chart
JDAS,Jda Software Group Inc (Google  Yahoo  Earnings  Chart
MAIL,Incredimail (Google  Yahoo  Earnings  Chart
MDTH,Medcath Corp (Google  Yahoo  Earnings  Chart
RRST,RRsat Glo Comm Network Ltd Ord (Google  Yahoo  Earnings  Chart
UCTT,Ultra Clean Holdings (Google  Yahoo  Earnings  Chart
UEIC,Universal Electronics (Google  Yahoo  Earnings  Chart


Out of this CHKP and JDAS might be worth watching for later entry.

Bullish Double Trouble
12 stocks in this scan.
CRNT,Ceragon Networks Ltd (Google  Yahoo  Earnings  Chart
DGSE,Dgse Companies Inc (Google  Yahoo  Earnings  Chart
MAIL,Incredimail (Google  Yahoo  Earnings  Chart
MVIS,Microvision Inc (Google  Yahoo  Earnings  Chart
NLN,National Lampoon Inc (Google  Yahoo  Earnings  Chart
RRST,RRsat Glo Comm Network Ltd Ord (Google  Yahoo  Earnings  Chart
TWTI,Third Wave Tech (Google  Yahoo  Earnings  Chart
UAUA,UAL Corp (Google  Yahoo  Earnings  Chart
UCTT,Ultra Clean Holdings (Google  Yahoo  Earnings  Chart
UEIC,Universal Electronics (Google  Yahoo  Earnings  Chart
WRLS,Telular Corp (Google  Yahoo  Earnings  Chart
XRA,Exeter Resource Corporation (Google  Yahoo  Earnings  Chart


Watchlist: MVIS, WRLS

Bullish Multi Year Leaders
AXE is the only stock in this scan.

Bullish Distressed Stock
7 stocks in this scan. None looks interesting.

BUCA,Buca Inc (Google  Yahoo  Earnings  Chart
DUSA,Dusa Pharmaceuticals Inc (Google  Yahoo  Earnings  Chart
EEEI,Electro Energy Inc (Google  Yahoo  Earnings  Chart
NRMX,Neurochem (Google  Yahoo  Earnings  Chart
NTN,NTN Buzztime Inc (Google  Yahoo  Earnings  Chart
OTD,O2 Diesel Corp (Google  Yahoo  Earnings  Chart
QFAB,Quaker Fabric Corp (Google  Yahoo  Earnings  Chart


Bullish Two Year IPO

13 stocks in this scan.
ABPI,Accentia BioPharmaceuticals Inc (Google  Yahoo  Earnings  Chart
DUG,ProShares UltraShort Oil & Gas ETF (Google  Yahoo  Earnings  Chart
MAIL,Incredimail (Google  Yahoo  Earnings  Chart
MDF,Metropolitan Health Networks (Google  Yahoo  Earnings  Chart
NLN,National Lampoon Inc (Google  Yahoo  Earnings  Chart
OMPI,Obagi Medical Products Inc (Google  Yahoo  Earnings  Chart
RPB,Republic Property Trust (Google  Yahoo  Earnings  Chart
RRST,RRsat Glo Comm Network Ltd Ord (Google  Yahoo  Earnings  Chart
SKF,ProShares UltraShort Financials ETF (Google  Yahoo  Earnings  Chart
SRS,ProShares UltraShort Real Estate ETF (Google  Yahoo  Earnings  Chart
TWM,ProShares UltraShort Russell 2000 ETF (Google  Yahoo  Earnings  Chart
UAUA,UAL Corp (Google  Yahoo  Earnings  Chart
XRA,Exeter Resource Corporation (Google  Yahoo  Earnings  Chart

9 comments:

mike said...

Does it look like time to go to cash? or still too early to tell?

Pradeep Bonde said...

Cash. This bounce canot hde more breakdowns in leading stocks. I just went through the 4% plus down movers, many more stocks breaking down at top of range. Plus dip buyers were over eager to buy the dip. You need some real fear to have tradable bottom.

F. said...

I AM LONG...BOUGHT THE BOTTOM THIS MORNING AFTER 1030AM AND HOLDING. Lots of program trades buying stock indexes...looks like smart money loading up late morning and dumb retail trader is confused as what he should do after betting short incorrectly this morning.

F. said...

This is crazy. Big caps are being accumulated, small caps are being sold. The is some major spread trading going on...

F. said...

Haven't seen this kind of disparity between capitalization in a long time. Although the small caps did lead the entire market on the last fall...

dduck said...

PB, what do you think about trading earnings now?

It seems that ANAD, SNA and AMZN are doing pretty well today.

Do you think that in times like these, it's best to stay in cash rather than buy leaders on earnings on a market correction?

BB said...

I am just watching and waiting...thank you for sharing your information and your method...as well as your views.

The credit crunch has every one on the edge of their game.

Pradeep Bonde said...

Once the fast selling phase is over in next 4-5 days earnings is safe to play. Many earnings breakout during such period will have pullbacks before heading higher.

F. said...

KACHING baby!