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 -- majeasy
U.S. securities exchanges will be closed on Monday, January 17 for Martin Luther King, Jr. Day
Will try again, long, with CWS (China Wind Systems). Just believe it is undervalued below $4 p/s. Those forged turbine rings, and components manufactured for solar, textile, and other industries may start getting more orders soon, and show up in earnings as 2011 moves on.
short KBR this trade might work for the 4 day trading week ahead... longer term trend (month from now) suggests a higher price for KBR... what's odd though, is that each of the last 3 times the stock broke out to new highs as it did on friday, buyers suffered exhaustion during the next week or two and the stock's price fell back to support.... will this happen a fourth time? maybe... this trade is called a mean reversion trade.... i'm not short this stock with real money and my trading software has not given a signal to short KBR.... in fact, it entered a long position on friday but the trading software failed and was stopped out on 3 of the last break outs.... let's hope it's wrong again... www.wikinvest.com/stock/KBR_(KBR) stockcharts.com/h-sc/ui?s=KBR&p=W&yr=3&mn=0&dy=0&id=p32218300474
It is a little early for me to make my pick but it looks like another week with FAS long. FAS +300% financials and even though it went up by 10+% last week, I believe there is a lot more room to run to the upside. I will probably establish a real life position in FAS on Tuesday morning.
long BRCM (Broadcom Corp. - Semiconductors Integrated Circuits)
Same pick as last week although I think BRCM is getting into the overbought territory. Just about everything else I like is overbought or experiencing a selloff. I own a bull Feb 11 call spread on BRCM with strikes at 37(bought) and 42(sold)
MNTX -- long no, see below for my change in pick. I owned this earlier for four days back in November and made about 7% on it. Obviously I should have held on longer. It's on the verge of breaking over $5 (or alternatively failing to break over $5), where institutions that refuse to own stocks priced under $5 might pick it up and push it higher (or might not!). The biggest problem with it fundamentally is the high debt/equity ratio. The biggest technical problem is that it has already more than doubled since July, and quintupled since the previous July. I reckon there could be a bunch of folks sitting on very nice percentage gains who will be loathe to give them up and thus quick to exit on any significant downturn.
I have no current position in this stock.
Last Edit: Jan 17, 2011 20:37:27 GMT -5 by yclept - Back to Top
Post by lovetobike on Jan 16, 2011 17:04:35 GMT -5
I'm going L with DE (Deere). It has momentum going up and crop prices keep rising. I talked with my dad over the weekend. He told me that when farmer's make money, they like to spend it so they don't have to pay income taxes. Equipment is a nice way to offset the income.
It's P/E is 20 which is higher than what most are comfortable buying a stock at and DE has seen nice increases in the past 6 months. I'm currently in DE and considering adding more for a short-term play. S&P and The Street have target prices of $100/share before all is said and done.
AAPL short Jobs is sick again and taking a medical leave. The open tomorrow may be a bad time to put this on because I expect a monstrous open gap down. But for the contest, I'll give it a try. In real life I'm going to try to get up early enough to put the short on before market.
Post by architecto25 on Jan 17, 2011 23:44:08 GMT -5
SRZ Sunrise Assisted Living (long)
I almost passed for this 4 day week, but this proves that I didn't.. This company has senior living services in U.S., Canada, U.K., & Germany. Company founded in 1981. As of 12/31/2009, they operate 384 communities. Located in McLean, Virginia. I did look at some technicals on it, such as charts. And if you click back on this board after 3pm. Friday, you'll see how good those charts are...... LOL.
DI ... the worst thing? Below are the top five companies in the General Merchandise Stores industry as measured by the price to cash flow ratio. Often companies with the lowest ratio present the greatest value to investors.
Duckwall-ALCO Stores (NASDAQ:DUCK) has a price to free cash flow ratio of 5.7x based on a current price of $13.87 and a free cash flow per share of $2.42.
Big Lots (NYSE:BIG) has a price to free cash flow ratio of 8.3x based on a current price of $32 and a free cash flow per share of $3.84.
Target (NYSE:TGT) has a price to free cash flow ratio of 10x based on a current price of $55.07 and a free cash flow per share of $5.52.
Tuesday Morning (NASDAQ:TUES) has a price to free cash flow ratio of 12.2x based on a current price of $4.27 and a free cash flow per share of $0.35.
Fred's (NASDAQ:FRED) has a price to free cash flow ratio of 13x based on a current price of $13.52 and a free cash flow per share of $1.04.
Rovo - when I enter DE in a stock chart it says it increased 1.21% today. Is your formula correct?
I don't know. I'll check. It opened at 89.69 and closed at 90.60 for 1.01%. The open was a gap-up and the 1.19% represents the gain from Friday's close, not today's open. The spreadsheet matches what I just typed so, yup, my numbers are correct.