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.
Will go with YONG (Long) this week. Taking a chance the upcoming 4Qtr/Annual report will be positive. Current market price seems cheap, so maybe this is a wash for the week. Chinese fertilizer additive just coming into season, so perhaps this is premature. Perhaps sticking with RRD one more week would work out better, but I am a little loose when picking stocks (at least, quite a bit)
SBS long I'll ride this mount again. I think the horse has potential and am just going to let her run to keep other horses behind her blinders. Some horses you have to rein, others will take the bit between their teeth and you can just give them their head -- I'll try the latter this week:
But this new Jehu spurs the hot-mounted horse, Instructs the beast to know his native force, To take the bit between his teeth and fly To the next headlong steep of anarchy.
Again a strictly technical pick based on the same setup as last weeks pick. AA just broke below trendline support on Thusday and on Friday met the Price<5sma<15sma<50sma. The forward PE and the PS look ok but they have a high DE, PE, and PEG.
Edit: I wanted to add there were 221 stocks that met the Price<5sma<15sma<50sma cross on Friday that were trading a price>2. The total stocks that meet the Price<5sma<15sma<50sma that traded above $2 was at 1091.
Post by 2kids10horses on Mar 14, 2011 6:54:44 GMT -5
I'll enter URTY into the race. It's the 3x Russel 2000 ETF. I've been riding this horse since November, and been quite a ride. She's been bucking the last couple of weeks, tho. Still, I think she might have a little left in her.
I'm not certain about market direction this week so I'm going with a stock that has a redesigned product just entering the market. Initial sales of Ipad 2 are very strong and AAPL is under valued in my opinion.
I'm getting to the point of hating horses who think they are Man 'O War and leap out from the gate at the gun and then promptly fall way back in the pack 20 yards out. If YONG does not make up a lot of ground this week, it is off to the glue factory.
Busy morning, but I wanted to mention I sold SBS @52.4501, so I no longer have a real position riding on this horse. Sold about 1/3 of portfolio so far this morning -- got some more to go, then need to pick up some more leveraged short ETFs and I hope to be sitting pretty!
Post by architecto25 on Mar 15, 2011 9:20:42 GMT -5
Just pull up a point and figure chart of the Dow Industrials...to see how bearish this market is. I hope Rovo has enough red ink in his printer when he updates the contest all week. But all this "correction stuff" has happened many times before.
Not "little", closer to "none". But then, this morning, SBS dropped off the screen that picked it, so selling it demonstrated a degree of faith in the process. This was one of the few positions I sold this morning that actually had some profit left.
And hey, I mentioned on Rovo's thread that I did buy a uranium ETF and a double-long Japan ETF -- how much more faith need one demonstrate?
burger, looks like the YONG shorts do not wish to be caught too short. It would be a pleasure indeed if the price closed over 7. The CC soothed some long nerves. Still believe we will see 9+ before end of September this year. YONG entering the two top quarters for fertizer additive sales. I may be wrong, but believe this is an easy call, so if it fails to exceed 9 by Fall, it will prove I really do not have a brain, just empty space between the ears. Damn those shorty torpedoes, full speed ahead!
Majeasy moves into the lead with a +3X bond play. Yclept is holding firm in second place but directly behind him are two more short plays. I think we can expect a lot more action for the remainder of the week.