Hey!
I've been watching KCI and ESRX carefully and I am confident that both will continue up. CTV - not so sure. I have tightened my stop on CTV although it hasn't dropped by more than 5% since I bought so it is still within the realms of a good recovery.
I mus continue to be confident in my mechanical system!
We'll see what tomorrow brings!
TV
I was surprised that CTV didn't continue to rise today but there is always tomorrow. Its drop isn't concerning more consolidation than anything else me thinks!
My main filter turned up nothing today. Another filter I use that looks for Bollinger Band Squeeze threw out ESRX. I won't be buying it but it is probably worth a look as the filter looks for stocks that are experiencing very close BB action - the tightest for six months.
Till tomorrow...
TV
I recommended CTV and USM earlier this week. Both dropped yesterday but are picking up somewhat today. I am confident that they will reach my limit stop tomorrow. I'll enter it into my stock ratings for a closer look.
I was also keeping an eye on WNR but it has tanked more. It is never good when the management of the compnay is getting out of their own stock!
My filter thew out BTJ and WNR today. Neither of which I would buy due to both being regular visitors to my filter and neither of them perfomring particularly well. I am considering taking them both off my master list from which I search for stocks. I find that if the same stock continually shows as being oversold then it is not a good sign. Having said that I did make a swift 3%off BTJ last week.
More tomorrow!
TV
I think you would have to be pretty dumb not to be able to make money this week thanks to the interest rate drop. Also, it's a great week for us Canadians as the Canadian dollar equals the US dollar!
Here are some of my results and then I will finish with some 'advisements' for the future!
WNR -3.25
CADA +8.99
KCI -1.84 (this did make my 3% threshold though)
CRNT +9.21
BTJ -0.83 (This also made 3% earlier than this loss)
HDNG +9.86
I have recently been experimenting with selling out at 3%. This tends to give me more short term profits.
I think that the following stocks will hit 3 - 5% within a week:
USM and CTV.
Have a great weekend!
TV
TRMB sold out nicely for a profit of 5%. It hit my limit sell at about lunch time.
The HDNG I bought dropped today but I am confident it will recover on Monday or Tuesday.
I always have a strong sell principle - 8%. I find that if these stocks drop by this much they tend not to recover. It is a manual stop so that they have room to move in the day.
The only stock I like the look of for Monday is CRDN
Later
TV
I was pleased with performance of DK. It made a quick 5% by the end of the day and hit my limit stop. I love it when a plan comes together. One of the things I learnt very early on was to be satisfied with a predetermined gain and then walk away. I could have kept it until today and made another 2% but I wasn't greedy!
TRMB is up today (it went down slightly yesterday) and I am confident it will hit 5% tomorrow.
I bought some HDNG today. This is an excellent stock that has amazing fundamentals. it is very cheap right imo. It made a nice 2% today and I am expecting it to press through the 5% tomorrow.
TV
I just put a small order in for DK and TRMB. Both these stocks are oversold and have a great fundamentals. IBD shows that TRMB has better fundamentals than DK but both have promising charts for a pop.
Filter also threw up NVDA, MICC, BTJ and MTW. I was put off NVDA and MTW because they are stock splits. Although evidence would suggest that stock splits do well, I am a bit wary.
We'll see!
TV
ACTU is a buy - see my stock ratings if you are interested in tracking...
Actuate accentuates reporting.
The company provides enterprise reporting and analytics software that corporations use to analyze business data and design, publish, and distribute report content through company networks and the Internet. Actuate's customers, including Bank of America, Dell, Johnson & Johnson, and Lockheed Martin, use the software to publish financial statements, performance metrics, manufacturing and distribution reports, and customer account information. Actuate's service offerings include training and support, as well as professional consulting.
Key numbers for fiscal year ending December, 2006:
Sale: $128.6M
One year growth: 20.8%
Net income: $13.8M
Income growth: 19.1%
GMCR
LKQX
These two stocks have excellent fundamentals. On IBD stock check they show a B+ and an A respectively. This makes them very attractive when they hit an oversold filter like mine due to the high probability that they are going to continue to climb after their little respite.
I have added them to my stock tracker on Nesteggr. Feel free to see the progress of some other recent picks.
I generally sell after a 5 - 10 % increase.
Enjoy your weekend
TV
CYNO hit my oversold filter today. This company is an excellent, fundamentally strong company that is in a general up trend but has been going through a correction.
I am not in a position to buy it at the moment but I think that it is well worth a watch. Ordinarily I would buy it at market open tomorrow (Friday) and sell after it reaches a 5% increase.
Let's see what happens!
T V
