One New Speculative CANSLIM Long Position, One New Speculative Long Position, And One Stock I Am Adding To My Existing Speculative CANSLIM Long Position For Monday’s Stock Market Session

February 29, 2008 | Leave a Comment

The low volume mini-rally that has been part of this stock market since the 1/22 and 1/23 move off the lows has been very weak and I have made constant references to the volume being below average and thus probably leaving us with only a bear market rally. Well, as I patiently waited for, the market finally delivered what was expected and that was a nasty swoon to the downside with volume picking up well above average. That kind of action, coming from a prior downtrend is not good for longs and therefore I must continue to pound the table with you newbies and remind you that being 75% to 100% cash is king right now. For those that are experienced, you should obviously know by now, the only stocks that are safe enough to go long are the oils, foods, gold/silver, metals, steel, agriculture, and chemicals. Besides these commodity stocks, nothing is safe, in this market. Be very careful out there and if any experienced investor decides to go long any of these stocks on Monday, please make sure you use limit orders only as all three of these stocks are very thin; the two new stocks are EXTREMELY thin.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New Speculative CANSLIM Long Position And One New Speculative Long Position For Friday’s Stock Market Session

February 28, 2008 | Leave a Comment

Both of these longs are very speculative and trade very few shares a day. Therefore, if you are an experienced active investor you must keep the longs small and use limit orders only. If you are a newbie you must stay away from these as they are both too speculative with the very low average daily volume and stock price under $20. Be careful out there in this choppy market. I will be back later on to complete the longs analysis.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New CANSLIM Long Position And One New Speculative Long Position For Thursday’s Stock Market Session

February 27, 2008 | 2 Comments

WARNING: CEDC has earnings tomorrow, I believe in the AM. Therefore, newbies, go ahead and stay completely away from this as it is too extended. Instead, wait for a low volume pullback to the 50 DMA before going long. However, besides the earnings it is a very strong chart and the earnings are fantastic. I don’t expect the earnings to come in poor, but in this market anything is possible with the price. Even if CEDC beats and kills, it could still fall. But I play the charts, NOT the news. So I don’t care about the earnings coming up. What I will do is keep it much smaller due to the earnings. Therefore, I will buy half of what I normally would. STSI is in the Tobacco group which has risen from #121 to #36 in IBD’s 197 industry groups. This industry group FLYING up the industry group ratings is not bullish for the overall market as tobacco stocks ONLY lead during bad market. When you see the current leaders, along with this group starting to move higher, you know things could possibly turn very ugly. Therefore, keep these longs small and do not forget that cash is king, in this market!

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New CANSLIM Long Position, Three New Speculative Long Positions, And Three Stocks I Am Adding To My Existing Long Positions For Wednesday’s Stock Market Session

February 26, 2008 | Leave a Comment

I am not as impressed with the brand new CANSLIM long as much as I am the two CANSLIM longs that I am already long and am looking to add to. But TKC does have some amazing fundamentals and when you see that kind of growth it is hard to pass up a stock bouncing off the 50 day moving average. So I guess I wont pass it up. If TKC did not have a 97 EPS rating I would not be interested in it. URBN and VIVO are both putting in excellent breakouts from very bullish chart patterns, are both in industry group that are climbing the list of top industry groups based on six-month price performance, both have excellent fundamentals, and each show steady growth in mutual fund ownership. After the fundamentally sound stocks, CN and CREE are my favorites as they both have very green and beautiful chart patterns. The other two stock are very speculative but one is priced over $20 and in the very bullish biotech sector that is climbing the industry group list and the other stock is sub-$4 but in the metalores-gold/silver group. At the rate of speed the gold/silver stocks are moving, this cheap and speculative stock will probably do very well. Newbies, be very careful out there and, when in doubt, remember, cash is king in this crazy market.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New CANSLIM Long Position, Two New Speculative CANSLIM Long Positions, Three New Speculative Long Positions, And One Stock I Am Adding To My Existing Long Position For Tuesday’s Stock Market Session

February 25, 2008 | Leave a Comment

There are a lot of nice longs out here tonight, and as long as you LISTEN TO ME!!!! and cut your losses with closes below where I tell you to, you will not have any problems. GEOI is the most speculative out there tonight but even that one is relatively safe with the stock bouncing right off the key 50 day moving average. But the other speculative priced stock–XIDE–has had some amazing EPS and sales growth recently. Along with that, estimates for next year are huge and the fund ownership has gone from 11 to 28 funds holding the stock in the past four quarters. So obviously this is a real! “stock under $12.”

Posted by Joshua Hayes | Filed Under Free Archives Longs

Two New Speculative Long Positions For Monday’s Stock Market Session

February 22, 2008 | 3 Comments

Both of the new longs for Monday are extremely speculative but they both have something in common going for them: they are both in sectors that are leaping up the list based on price performance. There is no doubt which stock chart I like better, and that is NCOC, but the weekly chart reminds me how much work this stock has to put in before it can clear enough resistance to be a possible great long. However, the chart is hot since the end of November and gold as an industry overall has been one of the most bullish sectors in the market. That definitely makes this stock worth a big poke but not a huge investment. KMR is part of a hot sector and its chart is very beautiful from the August lows/reversal. But this is another stock that has poor fundamentals thus making this long another poke and not a hopeful big win. Still this chart and sector is strong enough that we should be getting some solid gains from this one. However, in this market, cash is king for newbies and the experienced should continue to keep longs and shorts small. We must continue to be careful and protect capital in this market.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New CANSLIM Long Position, One New Speculative CANSLIM Long Position, And One New Speculative Long Position For Friday’s Stock Market Session

February 21, 2008 | Leave a Comment

All three of these longs are good longs. Nothing more, nothing less. NEOG is too risky for most newibes. BABY is schizo so it works half the time and the other half of the time fails making it a difficult CANSLIM long. However, the risk is not that bad considering the potential gains from this fundamentally strong stock. DROOY is risky with the lack of earnings but the chart is well crafted with lots of accumulation and green BOP making it a very pretty stock in the very strong and bullish metal ore-gold/silver group. I do not recommend loading up on any of these, as the market continues to do its dance of up, down, up, down, up, and down.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New CANSLIM Long Position, Two New Speculative CANSLIM Long Positions, And One New Speculative Long Position For Thursday’s Stock Market Session

February 20, 2008 | 2 Comments

There are three great CANSLIM long candidates for tonight and a great speculative long candidate for tomorrow’s opening bell. However, none of them are perfect as there is something wrong with all of them and therefore there is no need to load up on anything. CALM is a nice gift showing up the very next day after profiling it on Realmoney.com. The breakout is not the best and the most green but the industry group and the strong earnings along with the breakout are worth something. AUY is one stock that I have wanted to get long for over a month now, with the AMAZING EPS and sales growth, but the stock just doesn’t act perfectly. Hopefully, this move, will start to launch a powerful rally as the volume has been showing up on the accumulation side quite heavily the past six of seven weeks. AXYS is HOT HOT HOT and near-perfect when it comes to both fundamentals and chart quality. But the stock is very thin and the breakout has gone a little too far too fast to make it a safe large long. GTU is a gold closed end fund with one of the best looking charts I have seen for a closed end fund in a long time. Passing on this would be foolish, with gold stocks, gold futures, and gold bullion just exploding to the upside. This is a bullish market for certain stocks right now. But don’t get these four longs confused with the overall market. These stocks are just the best of the best. In a real bull market, the stocks look MUCH BETTER and there are more high quality candidates. For now, however, I will take whatever I can get and some of these are nice enough to be worth a good portion of the account. But still there is no reason to load up the portfolios in any one stock. Be careful out there.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New Speculative Long Position And One New Very Speculative Long Position For Wednesday’s Stock Market Session

February 19, 2008 | Leave a Comment

Not only were my short scans dry but my long scans were full of very sloppy chart patterns in the stocks that I am not already long that are moving up. So many stocks are so choppy and V-shaped that it is just hard to go long anything, even with fantastic fundamentals and it being in a strong industry. The fact remains that before the longs are going to be safer and produce bigger gains, we probably have a lot more of this action since the leading stocks (GOOG RIMM AAPL BIDU) continue to trend lower and the leaders come through either old commodity stocks, defensive stocks, or extremely thin small-cap insurance/bank stocks. However, tonight there were two OK charts but both are very thin and are dangerous for newbies to trade. If you experienced though, I don’t see what a 100 shares here or there would hurt with commissions being so low nowadays and these chart patterns possibly having a great chance of working. CASH IS KING, in this market! Be careful out there.

Posted by Joshua Hayes | Filed Under Free Archives Longs

One New Very Speculative CANSLIM Long Position For Tuesday’s Stock Market Session

February 15, 2008 | Leave a Comment

My scans were void of anything of real quality in the chart department, but in the IPO scan that I keep of recent IPO’s that do not have a 200 DMA (they don’t show up on my screens, since the don’t have a 200 DMA at first) there was one stock. That stock happens to be in the HOT Energy-Other sector, is over $10 a share, has strong fundamentals that have slowed in EPS but are expected to pick back up this year and next, and is the only stock worth going long tonight based off chart patterns. Newbies should probably keep their powder dry on this one since it is so speculative and has not traded long enough to have a solid and safe history behind it.

Posted by Joshua Hayes | Filed Under Free Archives Longs