Here are ten stocks I find worth considering based on Friday action. Most of them, I already have positions in. This is a new daily feature based on reader feedback asking for narrow set of focused ideas everyday. It is also an answer to those newsletter writers and TV pundits challenging me to specific recommendations and track record after my post about those complaining about November, and those not beating S&P and those selling high priced newsletters. Lets see if the 50-100 ideas over the next 3-6 month beat the markets or not.
Some days there will be ten ideas, some days less than ten depending on market conditions. Some days there will be short ideas. All the ideas are generated using some of the methodologies I have talked about earlier. The selection process is combination of computer generation followed by human filtering to reduce them to ten.Each idea has potential to make 20% plus for holding period of six month to 1 year. As always the key to trading them is to keep losses small. I will soon be adding more such features and watch list of potential ideas, plus tracking for all ideas.
If you profit from the ideas, a small donation out of the profit will help keep the trading gods happy. The donation button is on right hand side. Alternatively, you can donate through Amazon gift certificate. If you would like to send cheque please email for address.
BIOV,Bioveris Corp
CMOS,Credence Systems Corp
GENT,Gentium SpA
MHGC,Morgans Hotel Group Co
NRPH,New River Pharmaceuticals Inc
NVEC,Nve Corp
RIGL,Rigel Pharmaceuticals Inc
TAM,TAM S.A. ADR
TZOO,Travelzoo Inc
VIR,Virco Manufacturing Cp
15 comments:
MSFT? big vol spike at end of day on friday...
No idea, I think might be either option related, or they might declare tender offer for some parts of shares.
NTRI down more from Friday... we'll see if it sticks...
Here's your volume on NTRI
found this for NTRI:
Nutrisystem Inc. (NASDAQ:NTRI - News) Dec 70.0. NTRI's PowerRating is 4.
Most Under Priced Puts: These are the most under priced puts of all stocks in our database. While the Equities Explosion List finds groups of puts for individual equities that are under priced, this list finds the most under priced individual puts. Thus, the options listed here will tend to be more severely under priced.
Just curios, do you post or have you ever posted your portfolio returns?
CMOS is a dog of dogs. The management team is in chaos, too many product lines producing too little revenue, too much concentration in a few customers and managers bailing from the ship recently. You might want to check your "human filter" or publish why this is a good pick according to it. Else, this casts into doubt your picking ability.
Steve Ledford
Your hypothesis is that those things drive price. You are entitled to your opinion.
My picking ability will be apparent either way over 100 trades, for those who track it.
There are 2 forms of alpha: stock picking and rules writing.
I hope you took advantage of my call from last night, "I ran some statistical analyses this weekend. It looks like there is going to be some sector rotation into the Nasdaq this week. I would be looking to go long on dips in semiconductors, QQQQ, and Nasdaq stocks with news. The next big move in the Nasdaq will be bullish. Short term, intraday trades only. "
I flipped QQQQ calls from 0.30 to 0.55.
Yes I flipped NQ!! Plus I saw the blogger sentiment poll today morning which is always good short term indicator.
Nice job. Did you get off any trades on NUVO or MDCO? Nice NASDAQ setups today.
For the past few months instead of buying weakness, I have been buying uncertainty as the bears have yet to gain control with conviction. I often go to many popular blogs to look for uncertainty in their analyses--this consensus has been a good qualitative reversal indicator. Just an odds game imo.
NTRI nice trade. High probability of making 25% plus with yesterday's entry.
NTRI had typical 2B top setup written about in Trader Vic books. I'm not usually a swing trader though. Good trade.
NTRI is Walter's trade. He is good at picking shorts.
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