Stock Pick of the Week - W.E. 05 Aug. 2011

[rovo]

Rules:
1. Selection must be made prior to the opening bell on the first trading day of the week.
2. Selection may be changed up to the opening bell.
3. Starting price is the opening price on first trading day of week.
4. Ending price is closing price on last trading day of week.
5. No options or complex trading vehicles. Only stocks and ETFs.

To enter the game:
List your stock's symbol, Long or Short, Company name, what the company does and why you like the selection.


Congratulations to last week's winner -- Yclept

[Trongersoll]

I'm going to go long on Fiat. symbol: FIATY

[mtntigger]

FAZ long.
<<crossing fingers that I will actually lose.>>

[ModE98]

See no reason to switch, so will go TPI (long) again this week. Glad to see SBS back in this race. Competition is good!
The China experiment moves on. Maybe some credibility will return.

[uncle23]

....

SOXL......long

[rovo]

I going to stick with AAPL Long. I'm assuming Congress does something on the debt ceiling.

I hope everyone remembers you can change your pick at any time prior to the opening bell.

[tyfighter3]

I'm going with HP long.

[2kids10horses]

TQQQ Long. All in.

[yclept]

SRTY - long

I expect a huge gap down on Monday morning that makes my play kind of risky since a significant part of the move will have happened prior to my "opening price". In real-life I'm already in SRTY with two position sizes at 19.0064 (so losing a bit since it closed today at 18.51).

I think small cap stocks will be hit harder than large caps where the majority of bag-holders have their "hold forever" positions. The big caps will be losing too, but not as great a percentage as the small caps. I think a lot of the big money is already gone -- they're not the type to keep their arms stuck down a burrow of nesting rattlesnakes.

I also think there's a chance that Monday will offer some "buy-the-dip" foolishness as inevitable prevarications out of Washington talk about a pending "significant deal" from the Senate (might even happen this weekend). This could put this contest position down by Monday's close (though my real-money position should be nicely up). Late in the week as something gets signed by Obama, the deal will be seen to have been insignificant, and the decline into September lows will pick up steam again. Today's miserable economic data ought to assure further declines as attention shifts from artificial political foolishness to real economic status.

Folks trying to drag their toboggans up the hill are going to get creamed by those riding their toboggans down unless they can stay well off to the side of the trail, going nowhere in the deep snow and the trees.

There was kind of a funny story on TV tonight (I think it was BBC, but it might have been DW) about how the Swiss tourist industry is hurting badly. The artificial run up in the Franc as a safe haven currency has kept foreign tourists away and a significant number of Swiss are vacationing elsewhere where everything is cheaper. One scene showed about fifty tables on a patio at a resort by a lake (Geneva?) with only one of those tables being occupied by two people! Hah, there's some unintended consequences completely beyond their control! The pestilence spreads!

[bimetalaupt]

BACK TO FAZ... SHORT.. IT HAS THE POWER TO WORK IF ALL GOES AS WE NEED TO DO..( YES WE ARE SHORTING A SHORT)

OK NOW.. MR PRESIDENT.. GET YOU SENATE IN ORDER

JUST A THOUGHT,
BI Metal Au Pt

[Value Buy]

Everyone thinks we will see a strong market this week?
What happens if no resolution to the debt crisis?
Okay, someone will blink, and everything will work out for D.C. BUT,

I think I still want to short something this week, but have not figured out what it will be......

[2kids10horses]

I don't think anyone has a clue as to what will happen this week.

Flip a coin.

The only sure thing is that SBS will be taunting the bottom of the list!

[mtntigger]

Hey! I will taunt the top of the list too!

[clarkrl2]

GE short (General Electric - Conglomerate)

I have no idea what Congress or the President will do this week so I'm not going to waste a lot of time researching a stock. This was at the top of my shorting screen based on price<5<15<50 sma when sorted by the greatest ave 3 month volume.
Whatever is decided on or not decided on is likely to leave a large percentage of the population upset.

[rovo]

Frank, One pick per customer. You decide or I'll just take the first one listed.

I'm assuming a long position for FTI.

[architecto25]

QCOR (Questcor Pharmaceuticals, Inc.) (long)
closed Friday at $31.05.
My "early morning" pick; a little more inform. after 8:30am, if I stay with this one..

[jarhead1976]

Late entry CF Industries , SHORT

[clarkrl2]

cancel post 14 short GE
new pick long HGG (hhgregg Inc. - Electronics Stores)

It looks like congress will probably come up with some sort of comprise on the debt limit which I think will benefit most stocks for the short term. I have a real life long position in HGG.

Without getting too political I think if the compromise fails to pass the major indexes will go much lower. If it does pass I don't think it will have much intermediate to long term effect.

[mtntigger]

Without getting too political I think if the compromise fails to pass the major indexes will go much lower. If it does pass I don't think it will have much intermediate to long term effect.

Yup, that's why I'm sticking with my choice and counting on the gap upward for all you positive people (yeah, I'm talking about you Bruce!).

[Bluerobin]

BGS, long. B&G foods. I am sticking with this horse for another week. Let's hope the magic oats I stole from SBS work.

[burger]

I have a few minutes before the bell. I'll go DXD long. We'll see how long this rally from the debt crisis lasts.

[mtntigger]

Let's hope the magic oats I stole from SBS work.

*hehehehe* Yup, let's hope.

[rovo]

Here are the selections and opening prices for this week's game. Please check your entry for accuracy.

Player

L or S

Symbol

$ Open

$ Close

% Close

[/b][/tr]
[tr][td] yclept [/td][td] L [/td][td] SRTY [/td][td] $17.81 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] clarkrl2 [/td][td] L [/td][td] HGG [/td][td] $12.51 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] rovo [/td][td] L [/td][td] AAPL [/td][td] $397.78 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] BenchMark [/td][td] L [/td][td] QQQ [/td][td] $58.67 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] ModE [/td][td] L [/td][td] TPI [/td][td] $1.61 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] D.I. [/td][td] L [/td][td] TVIX [/td][td] $18.90 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] tyfighter3 [/td][td] L [/td][td] HP [/td][td] $70.42 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] 2kids10horses [/td][td] L [/td][td] TQQQ [/td][td] $88.98 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] architecto25 [/td][td] L [/td][td] QCOR [/td][td] $31.59 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] Bluerobin [/td][td] L [/td][td] BGS [/td][td] $19.24 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] bimetalaupt [/td][td] S [/td][td] FAZ [/td][td] $46.13 [/td][td] $0.00 [/td][td] 100.00% [/td][/tr]
[tr][td] uncle.23 [/td][td] L [/td][td] SOXL [/td][td] $39.41 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] Trongersoll [/td][td] L [/td][td] FIATY [/td][td] $9.99 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] SlowbutSure [/td][td] L [/td][td] FAZ [/td][td] $46.13 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] Frank "The" Impaler [/td][td] L [/td][td] HITK [/td][td] $28.96 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] jarhead1976 [/td][td] S [/td][td] CF [/td][td] $158.17 [/td][td] $0.00 [/td][td] 100.00% [/td][/tr]
[tr][td] Burger [/td][td] L [/td][td] DXD [/td][td] $17.33 [/td][td] $0.00 [/td][td] -100.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr][/table]

[architecto25]

rovo, I fully agree with all your $open numbers. Great contest. Commendable.!!! Thanks again.

[rovo]

architecto25, Thanks for performing the double check of my numbers. I try to be accurate but sometimes a mistake slips by me.

[jarhead1976]

One horse going in 2 directions. Should be interesting.

[rovo]

And both horses going in different directions could tie for a win.

[ModE98]

:(Drat! Saddled the wrong horse!
Stupid thing jumped a penny and then immediately faded into the pack... probably end up chasing the whole group. Ah, destiny!

[rovo]

It was a very messy track today but SBS cut through the mire and is leading by half a length.

Player

L or S

Symbol

$ Open

$ Close

% Close

[/b][/tr]
[tr][td] SlowbutSure [/td][td] L [/td][td] FAZ [/td][td] $46.13 [/td][td] $48.94 [/td][td] 6.09% [/td][/tr]
[tr][td] yclept [/td][td] L [/td][td] SRTY [/td][td] $17.81 [/td][td] $18.80 [/td][td] 5.56% [/td][/tr]
[tr][td] Burger [/td][td] L [/td][td] DXD [/td][td] $17.33 [/td][td] $17.80 [/td][td] 2.71% [/td][/tr]
[tr][td] D.I. [/td][td] L [/td][td] TVIX [/td][td] $18.90 [/td][td] $19.38 [/td][td] 2.54% [/td][/tr]
[tr][td] jarhead1976 [/td][td] S [/td][td] CF [/td][td] $158.17 [/td][td] $157.25 [/td][td] 0.58% [/td][/tr]
[tr][td] rovo [/td][td] L [/td][td] AAPL [/td][td] $397.78 [/td][td] $396.75 [/td][td] -0.26% [/td][/tr]
[tr][td] architecto25 [/td][td] L [/td][td] QCOR [/td][td] $31.59 [/td][td] $31.20 [/td][td] -1.23% [/td][/tr]
[tr][td] BenchMark [/td][td] L [/td][td] QQQ [/td][td] $58.67 [/td][td] $57.73 [/td][td] -1.60% [/td][/tr]
[tr][td] clarkrl2 [/td][td] L [/td][td] HGG [/td][td] $12.51 [/td][td] $12.22 [/td][td] -2.32% [/td][/tr]
[tr][td] Frank "The" Impaler [/td][td] L [/td][td] HITK [/td][td] $28.96 [/td][td] $28.13 [/td][td] -2.87% [/td][/tr]
[tr][td] tyfighter3 [/td][td] L [/td][td] HP [/td][td] $70.42 [/td][td] $68.38 [/td][td] -2.90% [/td][/tr]
[tr][td] uncle.23 [/td][td] L [/td][td] SOXL [/td][td] $39.41 [/td][td] $37.74 [/td][td] -4.24% [/td][/tr]
[tr][td] Trongersoll [/td][td] L [/td][td] FIATY [/td][td] $9.99 [/td][td] $9.52 [/td][td] -4.70% [/td][/tr]
[tr][td] 2kids10horses [/td][td] L [/td][td] TQQQ [/td][td] $88.98 [/td][td] $84.71 [/td][td] -4.80% [/td][/tr]
[tr][td] Bluerobin [/td][td] L [/td][td] BGS [/td][td] $19.24 [/td][td] $18.22 [/td][td] -5.30% [/td][/tr]
[tr][td] ModE [/td][td] L [/td][td] TPI [/td][td] $1.61 [/td][td] $1.52 [/td][td] -5.59% [/td][/tr]
[tr][td] bimetalaupt [/td][td] S [/td][td] FAZ [/td][td] $46.13 [/td][td] $48.94 [/td][td] -6.09% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr]
[tr][td] 0 [/td][td] 0 [/td][td] 0 [/td][td] $0.00 [/td][td] $0.00 [/td][td] 0.00% [/td][/tr][/table]

[ModE98]

SBS ... What are you doing up there? WOW! And with yclept on your tail too! Better not back off, may have to use the whip. You go, girl!