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.
TNA long ETF that is 3X long the Russell. Obviously I'm betting everyone on the East Coast comes back from their holiday shoveling snow invigorated (or angry) and wants to take revenge on the market. I'm guessing the week surges upwards, and I'm using the ETF that gave the highest return since the last 5-15-50 cross up on 9/17. It's gained 74% over those roughly 3 months (more detail on my 5/15/50 thread). No real life position in this at present, but that might change if my guess begins to pan out Monday morning.
Since I still have some shares of CWS (China Wind Systems-makes forged wind turbine rings, etc.) and it appears oversold, will pick it (Long) for the week. Just so it starts low and does not jump fast at the start
Modified Jan 2 rovo please disregaurd and use post 6 long TER
long KR (The Kroger Co. - Grocery Stores) I use a screen for S&P 500 stocks where I weight the long term growth by using a formula (long term growth * long term growth/15) and enterprise value. This company has much more debt than I usually like but it is pretty typical of a grocery store. Most of the stocks I looked at seemed to be in a correction phase or were too overbought. This best fit the technical criteria that I use for the pick of the week. Looking at the results of last years contest I was very pleased with my average .8%/week return. Thanks to rovo for hosting the contest and SBS for tracking the results.
Short CSTR Coinstar, Inc. (Coinstar) is a provider of automated retail solutions. Its business segments include Coin services, DVD services, Money Transfer services and E-payment services. The Company’s core offerings in automated retail include its Coin and DVD businesses. Its Coin services consist of self-service coin counting kiosks, where consumers can convert their coin to cash, a gift card or an e-certificate, among other options. Its DVD services consist of self-service digital versatile disc (DVD) kiosks, where consumers can rent or purchase movies. As of December 31, 2008, its products and services were found at more than 95,000 points of presence, including supermarkets, drug stores, mass merchants, financial institutions and convenience stores. On May 25, 2010, the Company sold its e-payment services business to InComm. On September 8, 2009, the Company sold its subsidiaries comprising its Entertainment Business to National Entertainment Network, Inc.
my guess is netflix streaming video is hurting Red Box sales, i am too lazy to rent and return anything to red box since streaming video came out..... of course i could be very wrong..... but i'm hoping for an island reversal...... i'm holding two short positions on this puppy and i have a tight buy stop to protect my profit......
Long TER (Teradyne - Semiconductor Equipment and Materials)
I decided I didn't want a company with a DE as high as KR so I revised my screen to put a preference on companies with lower DE. That eliminates KR from the screen. I'll stick with an old standby which I've used on several occassions and am currently long. The screens top 3 are now BRCM, TER, and F. I mention that because I know F is a holding of rovo and others on this board. I am thinking of adding a postion in F. I already own some TER.
I usually wait till the last minute to finalize my pick but I figure if I change my mind I'll just change my pick. F (Ford) Long See my journal for rationale. I'm going to try to do a little better in the weekly game this year. Last year I made a lot of half-hearted selections and my results were poor.
Can I count on SBS to be the "keeper of the records" for another year?
I'm going to pull a Mod and try a Chinese stock again... TPI long. Tianyin Pharmaceutical Co., Inc. is a pharmaceutical company. LOL rovo! The more time you spend on this contest, the less time you're spending on earning money. <<SBS wonders if this will fool rovo.>>
Post by architecto25 on Jan 3, 2011 0:12:57 GMT -5
TWER Towerstream Corp. Long Company provides fixed broadband services to commercial customers based on a monthly recurring revenue model. It provides service to approx. 1,900 customers in NY city,Boston,Chicago,LA,San Francisco,Seattle,Miami, Dallas-Ft.Worth, Philly,Providence,& Newport. ........but the book value is only $.65. Remember I'm a chartist. Company located in Middletown, R.I., 125 employees Stock closed Friday at $4.06 (52 wk. high/low = $4.25/ $1.36) How good the chart is; I'll tell you after Friday's close.........
1,900 customers in NY city,Boston,Chicago,LA,San Francisco,Seattle,Miami, Dallas-Ft.Worth, Philly,Providence,& Newport.
Company located in Middletown, R.I., 125 employees
There has to be something amiss with those numbers. 1900 customers divided by 125 employees is one employee for every 15 customers! To provide internet service? If they're paying even a measly $2000/mo per employee, they have to be collecting $131.50/mo from each customer -- that's a mighty expensive ISP!
Post by architecto25 on Jan 3, 2011 9:31:47 GMT -5
yclept, ref: your post 12. Now you see, why I've been more of a chartist for many many years. Unless someone knows "ALL" fundamentals, you're not getting all the pieces. LOL. I've been a BigCharts fan for years, so I just clicked on "profile", and that kicks you into "MarketWatch", and I just read/copied some items to not violate rovo's request to give why ? on a stock pick. LOL. I could just say, "I like the chart, etc.", which I normally have a tendency to do. Perhaps I copied some numbers incorrectly....this week, I'll check if I did. Now: "Good Luck to everyone on the contest...may we all win...!!! "
I checked the table sent to me by SBS but since it was coded as you stated, I didn't use her table. I used my own after making a couple of corrections. Now I'm trying to make the loadable table smaller on the spreadsheet.
I haven't checked any entries, but have no doubt SBS is up top because she gave Rovo a table that when opened searches for her entry and adds a few percent to the day's price!
Well, duh! It's just a good thing that I didn't pick ASTM - that's up 4.7% today. I don't want you guys to lose heart so early in the year. rovo, I think you have a few extra [td]s and [tr]s on your table. Does your table go significantly farther than row 25?
The American Society for Testing and Materials is public? I always suspected they were charging too much for those books! I'll bet they don't even publish "books" anymore. I guess it's just another item (like my K&E slide rule) that's about to become a curiosity or an antique. But be careful, you young whippersnappers, us old guys built a lot of big stuff using slide rules and conforming it to ASTM and AWS standards and specifications.
Nope, but that is how I found the biotechnology stock when I was doing some research last week.
Ah yes, serendipity. A long time ago I once bought some Intertell (INTL), mistaking it for Intel (INTC) which I intended to buy. It worked out profitably as I recall, but I was certainly confuserated for awhile. Since then, I've noticed that INTL almost always moves up on good news about INTC. Just a little more dumb money, a day late , a dollar short, and buying the wrong stock just as I once did!