11/08/2006

Breakouts to watch

The market will be volatile for next few weeks. Market still is in correction mode. Good earnings and season trends should put ceiling on any serious pullback or reversal. Many stocks continue to act well and here are some breakouts from yesterday worth watching.

CCRN,Cross Country Healthcare
CUTR,Cutera Inc
FTEK,Fuel Tech Inc
INPC,Inphonic
IOMI,Iomai Corp
MEK,Metretek Technology Inc
OMRI,Omrix Biopharmaceuticals Inc
PRGX,Prg-schultz Intl Inc
RCCC,Rural Cellular Corp
SWS,Sws Group Inc

2 comments:

market operator said...

What are your thoughts on managing risk for high multiple, low float positions? I notice some of these names end up on IBD and slight misses generate a lot of volatility.

Pradeep Bonde said...

By proper risk management. By risking less than 1% on such positions. You also have lower risk, if you identify them before IBD identifies them.
For that you need to go behind how IBD calculates its EPS and RPS ranking.
See the stockbe group for detailed discussion on this.
http://groups.google.com/group/stockbee