Stock Pick of the Week: W. E. 7 Feb 2014

[clarkrl2]

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.
6. Opening prices will be those found at MSN Money. Any disputed opening price will be resolved using the price listed at Yahoo Finance historical quotes

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 "kadee66".

Moderators please pin the thread.

Have a happy Groundhog Day!!!

[ModE98]

Going to stick with TPI (long) again this week.  Tianyin Phamaceuticals (China-based).

Quarterly report due later this month.

[Ombud]

Sticking with Lifelock another week:)

[uncle23]

......


going with MU .....long

Micron Technology, Inc., together with its subsidiaries, manufactures and markets semiconductor solutions worldwide.

[Value Buy]

Uncle, Good pick with MU

This week I am hungry, so I am picking from YUM, HAIN, and GMRC.

Yum reports Monday and may surprise.

GMRC also reports this week, but I cannot fathom a large bump in price from where it is now. Too many traders want to short it if it reports less than stellar earnings.

HAIN has shown something like a steady 61% year increase, and I do not see the momentum letting up just yet. 

I am taking HAIN and riding this puppy upward.

HAIN, Long.

[clarkrl2]

Long WRLD (World Acceptance Corp. - Consumer Finance)

From the earnings beat MRQ with recent upward estimate revisions screen. I bought some on Friday.

[ModE98]

Let's have a good week

[2kids10horses]

I'm shorting the market this week.

Long SQQQ. The SHORT 3x Nasdaq 100 Index.

[kadee79]

Swapping back again since SODA is nearly at it's 52 wk. low....it's time for a change.

I hope the commercial that Scarlet girl did for them that got pulled doesn't mess up the stock!

SODA, long

[architecto25]

   SNMX    (Long)     Senomyx Inc.

This stock closed Friday at $7.94

52 wk. high/low    $8.06(Fri.)/$1.73

engages in discovering and developing flavor

ingredients for the food, beverage, and ingredient

supply industries.

Founded 9/16/1998

Hdq. in San Diego, CA.

111 employees

[ModE98]

2&10...excellent pick so far, off to a great start!

[2kids10horses]

Mod, even a monkey at a typewriter will eventually spell a word.

My word appeared this morning.

I've been long TQQQ since sometime mid April. This is my first trade in months! (I was actually hoping I could stay with TQQQ for a couple more months to get Long Term Capital gains, but no luck.

In my Roth IRA, I trade the URTY/SRTY pair, and I sold the URTY and bought SRTY. It's doing even better.

[clarkrl2]

2kids10horses takes the lead on day one saying the bull has seen its shadow. Ombud is second and clarkrl2 is third. Five of eight are beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
2kids10horses	L	SQQQ	$60.40	$64.24	6.36%
Ombud	L	LOCK	$20.38	$20.32	-0.29%
clarkrl2	L	WRLD	$95.17	$94.67	-0.53%
uncle.23	L	MU	$22.97	$22.81	-0.70%
Mod E	L	TPI	$0.97	$0.95	-2.06%
BenchMark	L	QQQ	$86.11	$84.29	-2.11%
Value Buy	L	HAIN	$91.93	$89.47	-2.68%
kadee66	L	SODA	$36.60	$35.34	-3.44%
architecto25	L	SNMX	$7.93	$7.59	-4.29%

[kadee79]

All I can say is............. IT'S A SALE!!!!!!!!!!!

[2kids10horses]

kadee,

You're right. My trading indicator says to close my short position, and go long. So, that's what I will do in my real life portfolio.  Of course, I can't change my position in this game.

When we get drastic moves like this, especially on "changes of trends", the markets can swing wildly back and forth as it tries to determine what the next trend (up, down, sideways) will be.

So, I'm predicting a "dead cat bounce" mini rally tomorrow.  No predictions beyond that.

It's very possible that I will be long one day, short the next for the next 5 or 6 trading days.  If you catch it just right, it can be EXTREMELY profitable.  (Catch it just wrong, and it eats you alive!)

This long one day, short the next can be done in a margin account.  Cash accounts, it's more difficult because the SEC wants your trades to "settle" before placing another trade.  I don't know why they make it difficult, but they do.  So, in my IRA account, I trade half my account.  That is, if I had $50,000 in the account, I'd keep $25,000 in cash, and use $25,000 to go short (or long.)  Then, when the next signal comes along, I'd sell whichever position I had, and use the cash to go the other way.  If the market really gyrates and starts swinging back and forth daily, I can't play along.  I can sell my second position, but I have to wait until the first position settles before I can get back in.  In calmer markets where the swings take a couple days to move one way or another, the half cash method works great.

Margin account, no problem.

I'm doing this with ETF's and not Mutual Funds.  ETFs are much better for this kind of trading.

Anyway, today this trade (selling my TQQQ and buying SQQQ) actually made me about $12,000.  Really, it was worth twice that.  Because if I had just held the TQQQ, I would have had a $12,000 loss for the day.  Instead, I have a $12,000 gain, so the trade was "worth" $24,000.

I'm boring you all with this because I have been long TQQQ since about April 20 of last year.  You have undoubtedly noticed that all I've played in the game has been TQQQ.  (Sometimes URTY, which is the Russell 2000 equivalent.)  Very unusual to have a TQQQ/SQQQ trade last that long.

[clarkrl2]

2kids10horses retains the lead. Ombud is second and architecto25 is third. Seven of eight are beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
2kids10horses	L	SQQQ	$60.40	$62.64	3.71%
Ombud	L	LOCK	$20.38	$20.59	1.03%
architecto25	L	SNMX	$7.93	$7.98	0.63%
uncle.23	L	MU	$22.97	$23.00	0.13%
Mod E	L	TPI	$0.97	$0.97	0.00%
kadee66	L	SODA	$36.60	$36.25	-0.96%
Value Buy	L	HAIN	$91.93	$90.99	-1.02%
BenchMark	L	QQQ	$86.11	$84.91	-1.39%
clarkrl2	L	WRLD	$95.17	$92.89	-2.40%

[2kids10horses]

If anyone is interested, my real life trade is working pretty well.

I sold SQQQ at the open this morning, and bought TQQQ. SQQQ gapped down, and TQQQ gapped up at the open. So I wasn't quite as profitable as it looked Monday night. But, the action for the day was up for TQQQ, so that helped.

So far, my portfolio added about $10,000 of value.  When I first went short I sold 2800 shares of TQQQ.  Bought the SQQQ, and subsequently sold that.  And bought TQQQ back again.  3100 shares.  Net effect is I now have 300 more shares of TQQQ than last week.

So, now, let the bull market resume!

(I don't really expect that to happen... I expect more volatility.  Whatever.)

[clarkrl2]

2kids10horses maintains his lead as we move past the halfway mark. uncle23 is second and Ombud is third. Of eight players those three are the only ones with gains and the only ones beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
2kids10horses	L	SQQQ	$60.40	$63.31	4.82%
uncle.23	L	MU	$22.97	$23.31	1.48%
Ombud	L	LOCK	$20.38	$20.66	1.37%
BenchMark	L	QQQ	$86.11	$84.69	-1.65%
kadee66	L	SODA	$36.60	$35.79	-2.21%
clarkrl2	L	WRLD	$95.17	$92.55	-2.75%
architecto25	L	SNMX	$7.93	$7.66	-3.40%
Mod E	L	TPI	$0.97	$0.91	-6.19%
Value Buy	L	HAIN	$91.93	$85.44	-7.06%

[Value Buy]

Well, I backed the wrong nag this week.

I did not think Green Mountain would beat as well as they did, then today they announced a big deal pushing Coca Cola products.

Up 30% on the day, on top of yesterdays move up.

Einhorn of Greenlight, is sucking wind today on this winner. He was a known short and was killed the last two days, so I guess I am not in bad of shape as he is today.

[clarkrl2]

uncle23 has taken over the lead but you can throw a blanket over the top three. kadee66 is now second and Ombud third less than a half point behind the leader. Six of eight are beating the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
uncle.23	L	MU	$22.97	$24.11	4.96%
kadee66	L	SODA	$36.60	$38.35	4.78%
Ombud	L	LOCK	$20.38	$21.31	4.56%
2kids10horses	L	SQQQ	$60.40	$60.84	0.73%
clarkrl2	L	WRLD	$95.17	$95.63	0.48%
Mod E	L	TPI	$0.97	$0.97	0.00%
BenchMark	L	QQQ	$86.11	$85.77	-0.39%
architecto25	L	SNMX	$7.93	$7.75	-2.27%
Value Buy	L	HAIN	$91.93	$86.69	-5.70%

[2kids10horses]

For those following my "Real Life" trade, TQQQ was up today. But at the end of the day, my trading system signaled a change of trend. So, tonight, I've gone back short. I placed orders to sell the TQQQ and buy SQQQ at the open tomorrow (Friday.)

So far, this has been a very profitable week.

Now, back to the horse race...

[clarkrl2]

Ombud locked up this week's win with a nice final day rally. uncle23 was a close second and kadee66 comes home in third. After a wild week four of eight finished ahead of the benchmark.

Player	L or S	Symbol	$ Open	$ Close	% Close
Ombud	L	LOCK	$20.38	$21.83	7.11%
uncle.23	L	MU	$22.97	$24.51	6.70%
kadee66	L	SODA	$36.60	$37.57	2.65%
architecto25	L	SNMX	$7.93	$8.05	1.51%
BenchMark	L	QQQ	$86.11	$87.30	1.38%
Mod E	L	TPI	$0.97	$0.97	0.00%
clarkrl2	L	WRLD	$95.17	$94.45	-0.76%
2kids10horses	L	SQQQ	$60.40	$57.59	-4.65%
Value Buy	L	HAIN	$91.93	$86.35	-6.07%

[ModE98]

Great win, Ombud, congratulations on the fast close!  you win the roses.

And kudus to uncle and kadee for Place and Show!  Good race!

Will this slight uptrend carry over to next week and provide some market smiles, or will the Grinch show up again?

[clarkrl2]

Name	Games	Win	Place	Show	>Bench	Return
Mod E	6	1	1	2	4	5.21
uncle.23	6	1	2	0	4	2.84
kadee66	6	1	0	2	4	1.99
Value Buy	4	0	0	1	2	0.82
D. I.	4	0	0	1	2	0.73
clarkrl2	6	1	1	0	3	-0.01
BenchMark	6	0	1	0	0	-0.07
Ombud	5	1	0	0	4	-0.86
2kids10horses	3	0	1	0	1	-1.68
architecto25	6	1	0	0	3	-3.41

Stat update

[ModE98]

Thanks to Clarkrl for his outstanding work on the weekly races.  Great job, well done!!

[uncle23]

Yes indeed .....thanks to Clark ....

Been watching the game on my I-phone ......I'm on vacation in Telluride Co .

[kadee79]

Uncle, why would you vacation in the COLD? Hope you have fun!

Congrats Ombud & Uncle!

THANK YOU CLARK, for all your hard work on the game!

[Ombud]

Thank you Clark for keeping us updated! Congrats uncle & kadee for making it a hard contested race!!