Opportunity Buffet | stockbee

7/17/2007

Opportunity Buffet

Mr Market has a great spread of opportunities today. With 125 stocks in bullish scans and 65 in bearish, there are all kinds of opportunities to look at. What you find is a function of market phases and sector themes. The current theme is rotation in to technology. The other theme is IBD kind stocks. Today there are 54 stocks with 70 plus ratings in the scans. As always the high relative strength stocks continue to do well and most stocks selected yesterday had follow through.

Some stocks are breaking out in anticipation of earnings. In many such cases the earnings are due 2-4 weeks from today, so they are still safe bets. But before taking positions keep an eye on earnings date. Buying post earnings like Dan Zanger advocates is always safer strategy.

Bullish IBD 70 Plus EPS
With 54 out of 125 breakouts in 70 plus universe, you can not complain of lack of opportunities. Faced with multiple opportunities you can reduce the list further by float, margin, ROE, relative strength, chart patterns, recency of earnings acceleration, neglect and so many variables.

AEY,Addvantage Tech Group (Google Yahoo Earnings Chart)
AMAT,Applied Materials Inc (Google Yahoo Earnings Chart)
ASML,Asml Hldgs Nv Ny Reg Shs (Google Yahoo Earnings Chart)
AXP,American Express Co (Google Yahoo Earnings Chart)
BBND,Bigband Networks Inc (Google Yahoo Earnings Chart)
BPHX,Bluephoenix Solutions Ltd (Google Yahoo Earnings Chart)
BRKS,Brooks Automation Inc (Google Yahoo Earnings Chart)
CIB,Bancolombia Sa (Google Yahoo Earnings Chart)
CKSW,Clicksoftware Technlgies (Google Yahoo Earnings Chart)
CYMI,Cymer Inc (Google Yahoo Earnings Chart)
DAC,Danaos Corp (Google Yahoo Earnings Chart)
DRYS,Dryships (Google Yahoo Earnings Chart)
DSX,Diana Shipping Inc (Google Yahoo Earnings Chart)
EICU,Visicu Inc (Google Yahoo Earnings Chart)
ESEA,Euroseas Ltd (Google Yahoo Earnings Chart)
EXM,Excel Maritime Carriers (Google Yahoo Earnings Chart)
FCSX,FCStone Group` Inc. (Google Yahoo Earnings Chart)
FORM,Formfactor Inc (Google Yahoo Earnings Chart)
GMKT,GMarket Inc (Google Yahoo Earnings Chart)
HRZ,Horizon Lines Inc (Google Yahoo Earnings Chart)
IDSA,Industrial Svcs Of Amer (Google Yahoo Earnings Chart)
KEYS,Keystone Automotive Ind (Google Yahoo Earnings Chart)
KLAC,Kla-Tencor Corp (Google Yahoo Earnings Chart)
LKQX,LKQ Corp (Google Yahoo Earnings Chart)
LPHI,Life Partners Inc (Google Yahoo Earnings Chart)
LRCX,Lam Research Corp (Google Yahoo Earnings Chart)
LSI,Lsi Corporation (Google Yahoo Earnings Chart)
MAIL,Incredimail (Google Yahoo Earnings Chart)
METH,Methode Electronics Cl A (Google Yahoo Earnings Chart)
MKSI,Mks Instruments Inc (Google Yahoo Earnings Chart)
MRVL,Marvell Technology Group (Google Yahoo Earnings Chart)
MTSN,Mattson Technology Inc (Google Yahoo Earnings Chart)
NOVA,Novamed Inc (Google Yahoo Earnings Chart)
NVLS,Novellus Systems Inc (Google Yahoo Earnings Chart)
NVTL,Novatel Wireless Inc (Google Yahoo Earnings Chart)
ORB,Orbital Sciences Corp (Google Yahoo Earnings Chart)
PCS,Metropcs Communications Inc (Google Yahoo Earnings Chart)
PJC,Piper Jaffray Companies (Google Yahoo Earnings Chart)
RFMD,Rf Micro Devices Inc (Google Yahoo Earnings Chart)
RRC,Range Resources Corp (Google Yahoo Earnings Chart)
RTEC,Rudolph Technologies (Google Yahoo Earnings Chart)
SIGM,Sigma Designs Inc (Google Yahoo Earnings Chart)
SRVY,Greenfield Online Inc (Google Yahoo Earnings Chart)
STEC,Stec Inc (Google Yahoo Earnings Chart)
TBSI,TBS International Limited Class A (Google Yahoo Earnings Chart)
TXI,Texas Industries Inc (Google Yahoo Earnings Chart)
UCTT,Ultra Clean Holdings (Google Yahoo Earnings Chart)
VCBI,Virginia Commercebancorp (Google Yahoo Earnings Chart)
VCLK,Valueclick Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VECO,Veeco Instruments Inc (Google Yahoo Earnings Chart)
VII,Vicon Industries Inc (Google Yahoo Earnings Chart)
VSEA,Varian Semiconductor Equipment Associates Inc (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)


Now out of this list MKSI, ESEA, VCLK, NVLS, BRKS, HRZ, LRCX, VSEA, KLAC, AMAT, LKQX, MTSN, SRVY, GMKT are the one to put in buy list.

Bullish Double Trouble

The market continues to favor high relative strength stocks. 35 stocks are in todays Double Trouble scan. If you are chart pattern addict, you should like many members in this list.

AEIS,Advanced Energy Ind Inc (Google Yahoo Earnings Chart)
AEY,Addvantage Tech Group (Google Yahoo Earnings Chart)
BPHX,Bluephoenix Solutions Ltd (Google Yahoo Earnings Chart)
CKSW,Clicksoftware Technlgies (Google Yahoo Earnings Chart)
COR,Cortex Pharmaceuticals Inc (Google Yahoo Earnings Chart)
DRYS,Dryships (Google Yahoo Earnings Chart)
DSX,Diana Shipping Inc (Google Yahoo Earnings Chart)
ESEA,Euroseas Ltd (Google Yahoo Earnings Chart)
ESMC,Escalon Medical Corp (Google Yahoo Earnings Chart)
EXM,Excel Maritime Carriers (Google Yahoo Earnings Chart)
FCSX,FCStone Group` Inc. (Google Yahoo Earnings Chart)
GNK,Genco Shipping & Trading Ltd (Google Yahoo Earnings Chart)
HRZ,Horizon Lines Inc (Google Yahoo Earnings Chart)
IDSA,Industrial Svcs Of Amer (Google Yahoo Earnings Chart)
INNO,Innovo Group Inc (Google Yahoo Earnings Chart)
LPHI,Life Partners Inc (Google Yahoo Earnings Chart)
LWAY,Lifeway Foods Inc (Google Yahoo Earnings Chart)
LYO,Lyondell Chemical Co (Google Yahoo Earnings Chart)
MAIL,Incredimail (Google Yahoo Earnings Chart)
METH,Methode Electronics Cl A (Google Yahoo Earnings Chart)
NM,Navios Maritime Holdings Inc (Google Yahoo Earnings Chart)
NVTL,Novatel Wireless Inc (Google Yahoo Earnings Chart)
ORCH,Orchid Cellmark Inc (Google Yahoo Earnings Chart)
QEPC,Q.E.P. Co Inc (Google Yahoo Earnings Chart)
SGXP,SGX Pharmaceuticals (Google Yahoo Earnings Chart)
SIGM,Sigma Designs Inc (Google Yahoo Earnings Chart)
SRVY,Greenfield Online Inc (Google Yahoo Earnings Chart)
TBSI,TBS International Limited Class A (Google Yahoo Earnings Chart)
TBUS,Digital Recorders Inc (Google Yahoo Earnings Chart)
TXI,Texas Industries Inc (Google Yahoo Earnings Chart)
VCLK,Valueclick Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VII,Vicon Industries Inc (Google Yahoo Earnings Chart)
VSEA,Varian Semiconductor Equipment Associates Inc (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)


I would narrow down the opportunities to IDSA, COR, AEIS, ESEA, VCLK, HRZ, ORCH, VSEA, QPEC, SRVY, FCSX, LWAY from this list.

Bullish Multi Year Leaders
This is very reliable scan with very high success rate. Today there are 12 opportunities in this scan. For best results you must use this to anticipate breakouts and enter in anticipation or intra day once you see volume breakout happening.

AEIS,Advanced Energy Ind Inc (Google Yahoo Earnings Chart)
BPHX,Bluephoenix Solutions Ltd (Google Yahoo Earnings Chart)
CKSW,Clicksoftware Technlgies (Google Yahoo Earnings Chart)
LPHI,Life Partners Inc (Google Yahoo Earnings Chart)
LWAY,Lifeway Foods Inc (Google Yahoo Earnings Chart)
RRC,Range Resources Corp (Google Yahoo Earnings Chart)
SIGM,Sigma Designs Inc (Google Yahoo Earnings Chart)
TXI,Texas Industries Inc (Google Yahoo Earnings Chart)
VCLK,Valueclick Inc (Google Yahoo Earnings Chart)
VDSI,Vasco Data Security Intl (Google Yahoo Earnings Chart)
VSEA,Varian Semiconductor Equipment Associates Inc (Google Yahoo Earnings Chart)
WGOV,Woodward Governor Co (Google Yahoo Earnings Chart)


Out of this AEIS, VCLK, VSEA are buys.

Bullish Distressed Stock

From neglect and distress tomorrows leaders emerge. You have to keep close eye on this list to find long term 3-5 year horizon opportunities.

ENCY,Encysive Pharmaceuticals Inc (Google Yahoo Earnings Chart)
LEV,Levitt Corp (Google Yahoo Earnings Chart)
ULGX,Urologix Inc (Google Yahoo Earnings Chart)


Out of this I have shortlisted LEV for further research.

Bullish Episodic Pivots

With around 25 stocks in EP scans today, it was day of opportunities. Semiconductors was the theme precipitated by NVLS earnings. Shipping was another theme, but some of these look moving in to runway territory. They had EP's earlier at beginning of their moves.

ACA,ACA Capital Holdings Inc (Google Yahoo Earnings Chart)
CIB,Bancolombia Sa (Google Yahoo Earnings Chart)
CKSW,Clicksoftware Technlgies (Google Yahoo Earnings Chart)
CMZ,Compton Petroleum Corp (Google Yahoo Earnings Chart)
DRYS,Dryships (Google Yahoo Earnings Chart)
EDO,Edo Corp (Google Yahoo Earnings Chart)
ESMC,Escalon Medical Corp (Google Yahoo Earnings Chart)
EXM,Excel Maritime Carriers (Google Yahoo Earnings Chart)
GOAM,Goamerica Inc (Google Yahoo Earnings Chart)
KLAC,Kla-Tencor Corp (Google Yahoo Earnings Chart)
LKQX,LKQ Corp (Google Yahoo Earnings Chart)
LRCX,Lam Research Corp (Google Yahoo Earnings Chart)
MAIL,Incredimail (Google Yahoo Earnings Chart)
MIM,Mi Developments Inc (Google Yahoo Earnings Chart)
MOD,Modine Manufacturing Co (Google Yahoo Earnings Chart)
MTLK,Metalink Ltd. (Google Yahoo Earnings Chart)
NAVI,Navisite Incorporated (Google Yahoo Earnings Chart)
NVLS,Novellus Systems Inc (Google Yahoo Earnings Chart)
OCLS,Oculus Innovative Sciences Inc (Google Yahoo Earnings Chart)
ORCH,Orchid Cellmark Inc (Google Yahoo Earnings Chart)
PPP,Pogo Producing Co (Google Yahoo Earnings Chart)
QEPC,Q.E.P. Co Inc (Google Yahoo Earnings Chart)
RMKR,Rainmaker Systems Inc (Google Yahoo Earnings Chart)
ROH,Rohm & Haas Co (Google Yahoo Earnings Chart)
SQNM,Sequenom Inc (Google Yahoo Earnings Chart)
STEC,Stec Inc (Google Yahoo Earnings Chart)


All these stocks are worth researching. There is a group which collaborates with me on this and researches and short lists stocks from this list everyday intra day as they happen and end of day. Some are entered intra-day some next day, some after a pullback.

Bullish Rare High Tight Flag

Some days ago I wrote about this thing after reading about it in IBD. Since then I track this list daily.

ARTW,Art's-Way Manufacturing (Google Yahoo Earnings Chart)
DYII,Dynacq Healthcare Inc (Google Yahoo Earnings Chart)
HOKU,Hoku Scientific Inc (Google Yahoo Earnings Chart)
IMMR,Immersion Corporation (Google Yahoo Earnings Chart)
KMGB,Kmg Chemicals Inc. (Google Yahoo Earnings Chart)
LOCM,Local.Com Corp (Google Yahoo Earnings Chart)
LPHI,Life Partners Inc (Google Yahoo Earnings Chart)
SBEI,Sbe Inc (Google Yahoo Earnings Chart)
SMTX,Smtc Corporation (Google Yahoo Earnings Chart)


Bullish Stocks up 50% or more in a month
Why did these stocks make such dramatic move. What was the catalyst. How did they get here.

ANTP,Phazar Corp (Google Yahoo Earnings Chart)
ARTW,Art's-Way Manufacturing (Google Yahoo Earnings Chart)
BPHX,Bluephoenix Solutions Ltd (Google Yahoo Earnings Chart)
DRYS,Dryships (Google Yahoo Earnings Chart)
HOKU,Hoku Scientific Inc (Google Yahoo Earnings Chart)
MTLK,Metalink Ltd. (Google Yahoo Earnings Chart)
PED,Smartpros Ltd (Google Yahoo Earnings Chart)
PENX,Penford Corp (Google Yahoo Earnings Chart)
QEPC,Q.E.P. Co Inc (Google Yahoo Earnings Chart)
RVEP,Rio Vista Energy Partners L.p. (Google Yahoo Earnings Chart)
RZ,Raser Technologies Inc (Google Yahoo Earnings Chart)
VMSI,Ventana Medical Systems (Google Yahoo Earnings Chart)
VSR,Versar Inc (Google Yahoo Earnings Chart)



Some of these probably have more upside ahead of them.

So that sums up the opportunity on bullish side. With so many opportunities one can not complain about lack of opportunities. So where does overall market direction fits in to this picture. When market goes in to correction or bear phase, the first thing which happens is your bullish scans dry up. That itself saves you as you do not have fresh breakouts to enter. Plus the Market Monitor helps you anticipate possible turns, so when risk increases I normally have very less amount of capital at risk.

The bearish opportunities work best in bearish environment and while I everyday look at what is in the bearish scans , I seldom take bearish position unless there is clear market direction change.

Bearish Episodic Pivots
Like on bullish side, the bearish EP provides best opportunities. However bearish EP on a stock which has rallied a lot before the breakdown is what I concentrate on. EP's appearing at the end of long down moves are better indicator of washout and possible bullish reversal.

AACC,Asset Acceptance Capital Corp (Google Yahoo Earnings Chart)
AIZ,Assurant Inc (Google Yahoo Earnings Chart)
ANSW,Answers Corp (Google Yahoo Earnings Chart)
IOC,Interoil Corporation (Google Yahoo Earnings Chart)
JADE,Lj Internat Inc (Google Yahoo Earnings Chart)
MCBC,Macatawa Bank Corp (Google Yahoo Earnings Chart)
MTOX,Medtox Scientific (Google Yahoo Earnings Chart)
NLS,Nautilus Group Inc (the) (Google Yahoo Earnings Chart)
NRMX,Neurochem (Google Yahoo Earnings Chart)
STLY,Stanley Furniture Inc (Google Yahoo Earnings Chart)
USNA,Usana Health Science Inc (Google Yahoo Earnings Chart)
XING,Qiao Xing Univ Telephone (Google Yahoo Earnings Chart)



Out of this I would focus on AIZ, MTOX, JADE and USNA as top potential short candidates.

Bearish Breakdown
If you are actively looking for short opportunities , you will find many in this list. When looking for shorts I use the reverse logic of long. Te stocks must have a strength on 21 days or 65 day time frame. That way you get in at the start of a short move.

ABP,Abraxas Petroleum Corp (Google Yahoo Earnings Chart)
ACLI,American Commercial Lines Inc (Google Yahoo Earnings Chart)
ACPW,Active Power Inc (Google Yahoo Earnings Chart)
AIZ,Assurant Inc (Google Yahoo Earnings Chart)
ALY,Allis-Chalmers Energy Inc (Google Yahoo Earnings Chart)
ANSW,Answers Corp (Google Yahoo Earnings Chart)
ARAY,Accuray Incorporated (Google Yahoo Earnings Chart)
BCON,Beacon Power Corp (Google Yahoo Earnings Chart)
BIOF,Biofuel Energy Corp (Google Yahoo Earnings Chart)
BTJ,Bolt Technology Corp (Google Yahoo Earnings Chart)
BUF,Minrad International Inc (Google Yahoo Earnings Chart)
CHNR,ChinaNatural Resources (Google Yahoo Earnings Chart)
CRGN,Curagen Corp (Google Yahoo Earnings Chart)
CRTX,Critical Therapeutics Inc (Google Yahoo Earnings Chart)
CTDC,China Technology Development Group Corp (Google Yahoo Earnings Chart)
DESC,Distributed Energy Systems (Google Yahoo Earnings Chart)
DNN,Denison Mines CP (Google Yahoo Earnings Chart)
DVD,Dover Motorsports Inc (Google Yahoo Earnings Chart)
FTK,Flotek Industries Inc (Google Yahoo Earnings Chart)
GHM,Graham Corp (Google Yahoo Earnings Chart)
GLBL,Global Industries Ltd (Google Yahoo Earnings Chart)
GNTAD,Genta Incorporated (Google Yahoo Earnings Chart)
HCSG,Healthcare Services Group Inc (Google Yahoo Earnings Chart)
HH,Hooper Holmes Inc (Google Yahoo Earnings Chart)
HMB,Homebanc Corp (Google Yahoo Earnings Chart)
IEAM,Industrial Enterprise (Google Yahoo Earnings Chart)
IOC,Interoil Corporation (Google Yahoo Earnings Chart)
IPCR,Ipc Holdings Ltd (Google Yahoo Earnings Chart)
ISPH,Inspire Pharmaceuticals (Google Yahoo Earnings Chart)
JADE,Lj Internat Inc (Google Yahoo Earnings Chart)
JASO,Ja Solar Hldgs Co Ads (Google Yahoo Earnings Chart)
KG,King Pharmaceuticals Inc (Google Yahoo Earnings Chart)
LOOK,Looksmart Ltd (Google Yahoo Earnings Chart)
MBRX,Metabasis Therapeutics Inc (Google Yahoo Earnings Chart)
MCBC,Macatawa Bank Corp (Google Yahoo Earnings Chart)
ME,Mariner Energy Inc When Issued (Google Yahoo Earnings Chart)
MTOX,Medtox Scientific (Google Yahoo Earnings Chart)
NFI,Novastar Financial Inc (Google Yahoo Earnings Chart)
NLS,Nautilus Group Inc (the) (Google Yahoo Earnings Chart)
NRMX,Neurochem (Google Yahoo Earnings Chart)
NXG,Northgate Minerals Corp (Google Yahoo Earnings Chart)
OMNI,Omni Energy Services Cp (Google Yahoo Earnings Chart)
PSDV,Psivida Ltd Amer Dep Shr (Google Yahoo Earnings Chart)
PTT,Vcg Holding Copr (Google Yahoo Earnings Chart)
PXP,Plains Exploration & Prod (Google Yahoo Earnings Chart)
QTWW,Quantum Fuel Sys Techworldwide (Google Yahoo Earnings Chart)
REV,Revlon Inc (Google Yahoo Earnings Chart)
RMA,Rmk Advantage Income Fd (Google Yahoo Earnings Chart)
SA,Seabridge Gold Inc (Google Yahoo Earnings Chart)
SNBC,Sun Bancorp Inc Nj (Google Yahoo Earnings Chart)
SSYS,Stratasys Inc (Google Yahoo Earnings Chart)
STLY,Stanley Furniture Inc (Google Yahoo Earnings Chart)
SUN,Sunoco Inc (Google Yahoo Earnings Chart)
TAYC,Taylor Capital Group Inc (Google Yahoo Earnings Chart)
THK,Think Partnership Inc (Google Yahoo Earnings Chart)
TSO,Tesoro Corp (Google Yahoo Earnings Chart)
TTF,Thai Fund Inc (Google Yahoo Earnings Chart)
USAP,Universal Stain & Alloy (Google Yahoo Earnings Chart)
USNA,Usana Health Science Inc (Google Yahoo Earnings Chart)
VIMC,Vimicro International Inc (Google Yahoo Earnings Chart)
VRNM,Verenium Corp (Google Yahoo Earnings Chart)
WFR,Memc Electronic Material (Google Yahoo Earnings Chart)
WNR,Western Refining Inc (Google Yahoo Earnings Chart)
WON,Westwood One Inc (Google Yahoo Earnings Chart)
XING,Qiao Xing Univ Telephone (Google Yahoo Earnings Chart)



So that is what Mr Market had to offer for today. That should keep you satiated till tomorrow.

12 comments:

Barry said...

As always excellent analysis. If it is not too much of a trouble can you post the scan results intra day, that way one can enter before close.
Thanks again. You blog is the best trading blog.

intelqubed said...

On the Earnings table the Stock METH has 0.33 current vs. 0.12 a year ago EPS. I was just looking in the IBD and it was vs. 0.22 a year ago EPS. Good, but not as much of a beat as vs. 0.12. The EPS change arrow was also down.

Pradeep Bonde said...

http://online.wsj.com/mdc/public/page/2_3024-digest_archive_3.html
Earnings data from WSJ and IBD use different adjustments sometime. This case METH info is from WSJ.

mrstrader said...

intelqubed, I got the same info for METH from the Marketwatch feed that is streamed at the bottom of the IBD site each day. They show earnings in black and everything else in blue so it is easy to spot. Just passing this on in case you do not get WSJ.

Susan said...

The reaction of METH after earning does not seems to be too positive. it jump on the day of earning, but fall hard 2 day straight after.

S said...

Could you please give the scanning criteria for Bullish Double Trouble.
Thanks.

christmasfern said...

YAHOO is a short opportunity. This company is a mess with an astonishingly high valuation for a company with negative growth. Relative strength is horrible, 40% rally on the QQQQ's and YHOO is flat, very sad. There is a massive assumption that they will somehow miracle themselves out of their hole with "project panama". I doubt they will succeed. I think we could be near a tipping point on YHOO stock where it dives to $15. Only the QQQQ's going up another 40% from here can save it.

Pradeep Bonde said...

Criteria
1 current price>= 2 times lowest close in last 260 trading days
2 current price is within 25% of highest price during the 1 st condition
3 Breakout condition price percent change>4% Volume>100000 and volume today>volume yesterday

Pradeep Bonde said...

Susan
METH was not ideal earnings candidate anyway due to float, neglect, sudden acceleration condition not meeting. Also its sells growth was due to recent acquisition.

Pradeep Bonde said...

YAHOO may or may not be best short. The better shorts are stocks currently breaking down near their highs, where expectations is sky high.

In YHOO case they might have talked down the earnings to lower expectations and then exceed next time. Typical technique used by new management.

S said...

Pradeep,
Thanks for the criteria.

christmasfern said...

I think YHOO will be a good short in a bear market or some kind of more significant correction. Its on my short watchlist but im not taking action on the short side, i dont really like shorting to be honest. Im not doing any trades right now infact, this market is very challenging right now, i wouldnt mind a 5%-10% pullback