Two New CANSLIM Long Positions, One New Speculative CANSLIM Long Position, And Two New Speculative Long Positions

September 20, 2007 | Leave a Comment

new CANSLIM long positions: SF GLNG

SF is bouncing off the 50 day moving average, on very strong volume. This has been a great stock since 1990 as it has been in a steady uptrend the entire way full of a lot of accumulation. However, all we need to focus on is this year. SF’s powerful breakout in January on extremely large volume with BOP going green leading it to max green started the most recent we want to analyze. Since then, this stock has moved higher on clear heavy accumulation with low volume pullbacks. Along the way, BOP managed to stay green to max green most of the way, showing the constant systematic buying of the stock. After a huge show of support at the beginning of August, the stock pulled back on very quiet volume. The bounce the last two days has come with BOP moving back to the green area, helping make this a nice chart. The fundamentals are strong and getting stronger, with EPS growing from 9% to 118% the past five quarters, sales growing from 15% to 106% the past eight quarters, a ROE of 20%, a cash flow of $4.54 a share, 32% debt, a 45% EPS growth rate, an SMR rating of A, and EPS rating of 96, and YOY earnings estimates for 2007 and 2008 for gains of 50% and 14% respectively. Fund ownership has grown from 37 to 45 funds the past four quarters, showing that more institutional investors are gaining interest in this company’s story. Cut your first loss with a close below the 50 day moving average and your final loss with a close below the 200 day moving average.

Posted by Joshua Hayes | Filed Under Free Archives Longs

Free Commentary

September 19, 2007 | Leave a Comment

Posted by Joshua Hayes | Filed Under Free Commentary

Bronze Commentary

September 19, 2007 | Leave a Comment

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Posted by Joshua Hayes | Filed Under Bronze Commentary

Current Email Picks

September 19, 2007 | Leave a Comment

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Posted by Joshua Hayes | Filed Under Current Picks

Powerful Rally Proves Once Again That Following The Trend Of The General Market Is The Best Way To Make Big Money In The Stock Market

September 19, 2007 | Leave a Comment

Today was, by far, one of the best day I have personally seen in the stock market in around four years. The best thing about it, once again, was that I and many who follow the CANSLIM style were well positioned for this rally. Therefore, today was one of the best days I have had, despite my account not being fully invested. I am still holding some cash waiting for the new leaders to show up, if this market continues to rally.

Posted by Joshua Hayes | Filed Under Free Commentary

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

September 19, 2007 | Leave a Comment

The market is in full rally mode and we are well positioned. However, if this rally is real, now is the time to start finding the perfect charts. One near-perfect chart did show up today and I am adding more to it in the morning. BLL was first mentioned back in 9/5 and you can see there that I was very bullish on this stock. I am even more bullish on it now and definitely love this pattern. However, I wish it was up only 3-4% instead of the 5% gain and if this chart had more green to max green BOP I would definitely be all about this stock. However, it is a great one but I am waiting for better to show up if this rally is real. The rest of the longs in here are solid and are safer here now that we have had a REAL accumulation day. 2.5% plus up days are nothing to sneeze at. I don’t want to see ANY top calling any time soon.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Wednesday

September 19, 2007 | Leave a Comment

There were, obviously, no stocks that appeared in my short scan that would make good shorts in this strong market. The trend is your friend and that trend is up and has been up since August 16. Until today, we did not know for sure if the rally could hold. If today did not convince you to cover your shorts, I am not sure what will. There are a lot of good and great looking chart patterns out there. Normally, this many nice charts signal higher prices for a prolonged period of time. I wouldn’t fight the trend. Don’t try to be a hero; It is still not time to short the market on full margin. That is why I only had two semi-large short positions. Both have now failed. And both of those large positions were small compared to what I will carry when the actual bear market does come.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Stocks Drift Lower On Lower Volume As Wall Street Awaits The Moment I Could Care Less About

September 18, 2007 | Leave a Comment

All eyes are focused on one thing right now and I don’t believe I have to tell you what that is as I am sure we have all had this news event crammed down our throats 24/7 the past few market sessions. However, it is what it is and the Fed meeting tomorrow is “the one” (aren’t they all?) everyone has been waiting for. This decision is supposed to somehow be market moving and important. But the contrarian in me seems to think that no matter what they say, seriously, the market will not give a crap.

Posted by Joshua Hayes | Filed Under Free Commentary

One New Short Position And One Stock I Am Adding To My Existing Short Position

September 17, 2007 | Leave a Comment

None of these shorts deserve a huge position. My short in BNI is large enough that I am not adding a whole lot here. I am just adding back what I recently covered. I hope the whipsaw nature of this stock is over and hope BNI is ready to move lower. But, most of you know how I feel about hope and stocks.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New CANSLIM Long Position And One Stock I Am Adding To My Existing Position

September 17, 2007 | Leave a Comment

new CANSLIM long position: BKR

BKR is bouncing off support of this possible flat base (or a two or three week tight base), on strong volume. This stock has done nothing but move higher since its IPO in 1984 and it appears it isn’t ready to stop yet. While the stock has made a lot of gains already the past year, this stock appears ready to get more. The massive accumulation from April to the beginning of September has led to the stock creating what could be a flat base. In this flat base, volume has come down, while at the same time BOP has moved to the max green area. The bounce today, off the bottom of support, with the stock closing near the high of the day and with BOP staying max green makes this a very strong chart pattern despite the large gains already. The fundamentals are strong, with EPS growing between 75% and 638% the past three quarters, sales growing between 1% and 25% the past six quarters, a ROE of 7%, a cash flow of $1.38, 12% debt, an EPS growth rate of 15%, a SMR rating of D, an EPS rating of 89, and YOY earnings estimates for 2007 and 2008 for gains of 196% and 11% respectively. Fund ownership has been rocky but has grown from 19 funds to 28 funds the past quarter, showing that institutions are regaining interest in this stock and its story. Cut your first loss with a close below the 47.52 level and your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

Posted by Joshua Hayes | Filed Under Free Archives Longs

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