Two New Speculative CANSLIM Swing Longs, One New Speculative Swing Long, And Three Speculative Stocks I Am Adding To My Existing Positions

April 24, 2007

new speculative CANSLIM swing longs: TRT SPEC

TRT is bouncing off the 50 dma on very strong volume and appears ready to start another leg up of the powerful uptrend that started in September. The fundamentals are incredible, with EPS growth between 267% and 999% the past four quarters and sales growth between 10% and 89% the past five quarters. Fund ownership has increased from 5 to 10 during the past four quarters. This is a risky long for newbie investors as it offers 10% risk for a great reward. Make sure you do a limit and a market order. Cut your loss with a close below the 50 dma if the stock does not move higher immediately.

SPEC is bouncing off support of this short flat base pattern, on extremely strong volume. SPEC looks ready to take on new highs and resume an uptrend it has been a part of since Jan 2006. The fundamentals are fantastic, with EPS growing between 17% and 700% the past four quarters and sales growing between 17% and 38% the past eight quarters. Fund ownership has increased from 19 to 21 funds the past four quarters. This is another risky long for newbies due to the low avg. daily volume and 10% risk involved with the potential gains. Cut your final loss with a close below the 12.59 level, if the stock does not follow-through immediately.

new speculative swing longs: MDM

MDM is breaking out of a short flat base on very strong volume. This chart is not that great but the move in early April followed by a flat base after hitting eight year highs makes it look good on the short term. This is more of a play on the hot momentum in the low-priced metal stocks as the fundamentals do not even exist with this company. Newbies should completely avoid this one. Cut your loss with a close below the 4.20 level, if the stock does not move higher immediately.

adding to speculative swing longs: HH CCC PARD

HH is bouncing off recent support on very strong volume. This stock has been in a very choppy uptrend, since the March lows. Since then, the stock, has rallied on some good accumulation and pulled back on light volume, with BOP spending all of its time above the red zone and spending most of that time in the green territory. After the stock topped out in September on some strong volume with BOP in solid green territory, the stock pulled back into a nice tight roundish base. There were a few dips below the 200 dma but the stock rallied back intraday every time it violated that key support line. The stock started to move higher again in February (where I originally went long), breaking out of a saucer like pattern on strong volume and with BOP being green. After a nice low volume pullack that has seen BOP remain near the max green area, the stock has now bounced and is near breaking out past all the intraday highs produced in March. This move today, along with all the green on this stock, makes this a pretty chart. The fundamentals are bad with EPS and sales growth just not there at all. Red, red, red is all you will see when you look at those numbers. But since I have already told you this information, you donâ€™t need to look anyway. In fact, it is best for newbies, if you do go long this stock, to keep your long very small. Cut your loss with a close below the 50 day moving average if the stock does not follow-through on this breakout immediately.

CCC is bouncing off support near the 50 dma, on very strong volume. This stock has only recently become a nice looking chart, after putting in the Aug - October lows. Since then the stock has trended up, with it starting to pick up steam in October. That is when the stock started to make some very heavy gains in clear accumulation, with BOP going max green and no selling on the pullbacks. The stock rallied in March on strong volume with BOP shooting up near the max green area. After a pullback that was very flat with clear support intraday and BOP staying near the top, the stock has started another basing period. Todayâ€™s bounce, on a surge in volume, with the previous action since October, has made this a very pretty chart on the short term. The fundamentals are not that good, with EPS just straight-up ugly and sales showing no real growth. Funds also donâ€™t appear too interested as since March 2006 there has been a decrease in funds owning this stock. This stock is a risky long for newbies because of it being a low priced stock and having poor fundamentals. Cut your loss with a close below the 50 dma, if the stock does not move higher immediately.

PARD is bouncing off the 50 day moving average, on very strong volume. This stock managed to find a strong bottom in September/October after a reverse stock split and with BOP starting to turn positive. After that bottom, the stock really started moving in November on HUGE volume and with BOP going max green. After that powerful initial move, the stock started a downtrend on very low volume. Around January the stock started to move up again on green BOP and with a slight uptick in volume. That led to the most recent base building area where volume dried up and BOP went green. Near the end of March, the stock started to move up right off the 200 dma and over the 50 dma on very strong volume and with BOP going max green. Todayâ€™s move off the 50 day moving average with BOP still at max green, along with all the green in this chart since October, makes this a pretty chart. Too bad that is all this stock is. There are no fundamentals and fund ownership has decreased from 14 to 10. This is a risky stock for newbie emotional traders to go long. Cut your loss with a close under the 50 day moving average if the stock does not follow-through on this bounce/breakout immediately.