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.
Edit: DEER long P/E 12.34 PEG 0.85 Price/Revenue 0.51 Price/Cash Flow 6.86 Price/Book (MRQ) 2.25 ROA 6.62% ROE 18.94% Current Ratio (MRQ) 1.71 Total Debt/Equity (MRQ) 1.02 NOTE: MRQ - Most Recent Quarter
Longer term, I wouldn't like the D/E (though the current ratio indicates it's manageable) -- still, interest rates are rising and high debt levels are going to be more and more difficult for over-leveraged companies to handle. For me this is intended to be a quick kill. I bought some of it on Friday (only about $4k) @ 6.64. It picked up 3.77% for me, that day. I think it can run further this coming week, but will be watching it closely. I kind of doubt I'll be holding the real-money position by the end of the week as I think it will turn into one of those stocks that runs too far too fast for me to be comfortable holding. If I can pick up 10 or 15% on it sometime during this week, I'll almost certainly take the money and run.
As to my former pick, well, the trigger event I was counting on didn't happen. It turns out the leaders of congress were probably lying -- not that I find that a surprise. True, they had a dueling pistol pointed at their collective head, but what they failed to tell us was that the hammer was at half cock, there was no powder or ball in the barrel, and there was no cap on the nipple. So they knew it was more than safe to pull the trigger or not. Without the triggering event, right now I wouldn't play the triple short originally picked below. It all comes down to the fall of a sparrow. I don't think the time is now, but I do think the outrage that influenced my earlier choice has only been postponed. I do think it's probably time to get back into TBT -- might put in a limit buy about the middle of last week's range to see if I can sneak some of it back into the portfolio.
SRTY long This is actually a 3x negative ETF on the Russell. I think our goose is cooked and the market will start to realize it next week. We have almost 2 more years of this until we can vote out every Republican that slithers in the House or Senate. The Democrats aren't much better, but at least their goal isn't to transfer every last cent of wealth to the already richest 2% of the population. I think this next crash is going to be a real big one and should effectively move the last money now held by the middle class into the hands of the rich.
Last Edit: Apr 10, 2011 13:03:31 GMT -5 by yclept - Back to Top
Will go Long this week with CNIT (China Information Technology). Believe it has bottomed or about to do so. Now, if only the Trolls will leave it alone for awhile. China Information Technology, Inc. (CNIT), formerly China Information Security Technology, Inc., specializes in geographic information systems (GIS), digital public security and hospital information systems. CNIT manages its operations in the development areas of China including the South, the North, the East, the Central, the Southwest, the Northwest China, as well as the Northeast. The Company has established its presence in approximately 30 provinces and provincial cities in China, including Beijing, Shanghai, Guangzhou, Chongqing, Zhejiang, Jiangsu, Jiangxi, Fujian, Hainan, Hubei, Hunan, Guangxi, Inner Mongolia, Xinjiang, Shanxi, Shanxi, Shandong, Henan and Hebei. CNIT owns subsidiaries, which provide solutions on public security, digital healthcare, digital multimedia, education, Internet technology and digital image display.
Post by 2kids10horses on Apr 9, 2011 23:35:18 GMT -5
oh, you're now riding my steed from two weeks ago! I've still got saddle sores from the bucking I got from that one!
Just on a wild hair, I'm going short AAPL. Why? The QQQ redistribution. I'm thinking that AAPL will have to get sold by a bunch of ETFs. Now maybe that doesn't actually happen until the last day, I dunno. But, I'll play it: Short AAPL.
The NASDAQ 100 has figured out a way to change its dependence upon and its dominance by Apple Inc. (NASDAQ: AAPL). A good old-fashioned reweighting is that plan. The NASDAQ confirmed this morning that it will be rebalancing the NASDAQ 100 Index. This will not have exact price changes in the PowerShares QQQ (NASDAQ: QQQ). While there are many changes in the weightings (about 80 lower), there are a few key standout winners at the expense of Apple and a few others.
Apple Inc. (NASDAQ: AAPL) is one of the losers. Its previous weighting was about 20% but its new weighting will drop to about 12% of the total index. As far as the shares per index security, the chart shows that the current shares of 2,413,718,358 will drop to 921,278,012. That is 20.49% now down to 12.33% ahead.
And as to the effective date:
The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announced today the NASDAQ-100 Index® (NASDAQ:NDX), will undergo a Special Rebalance effective prior to market open on Monday, May 2, 2011. The Special Rebalance will not change the methodology used to calculate the NASDAQ-100 Index nor the Index Securities.
Post by architecto25 on Apr 10, 2011 19:01:45 GMT -5
SYMX (Synthesis Energy Systems Inc.) [ Long ] It closed Friday at $3.25 52 week high/low is $3.33/$.8022 It made a 52 wk. high on Friday. Company builds, owns, & operates coal gasification plants. Main business activities are currently focused in China.
Since I can't even run in the front of the pack, I got the old dart board out. The darn dart didn't even cooperate. It landed on the line between BAC and AMD. So, I am going alphabetically this week, with AMD, Advanced Micro Devices. Hopefully, I won't have to eat too much dust.
I have a feeling my horse is going to have "Mod syndrome". Ridiculously fast start, followed by progressively fading. Open was up 15%, but finished only 2.87% up for the day. According to our contest rules, that will probably put me in last.
Oh boy oh boy, I am so glad that I realized the horses I was looking at were all nags. Although I don't appreciate y'all letting rovo get so far ahead. Now, he's gonna figure out that I've tripped his horses in all the other races.
For what it's worth, I sold DEER today @ 7.58 If we allowed switching horses mid race, I think I'd be clambering aboard TSTC -- looks to me like Rovo and I are about to get well on this stock that had begun to look like it's coat-of-arms had a bend sinister.
Last Edit: Apr 12, 2011 15:26:12 GMT -5 by yclept - Back to Top
Reckon I could have been more wrong about getting off of DEER and climbing aboard TSTC. But not much more wrong -- it had the "wrong-o-meter's" needle pegged all the way over; to be any more wrong the meter would've had to start smoking.