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eminitrader
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Posted on 04-25-09 3:58
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Here are some of the stocks that showed up on my buy scan. We may have seen the low but it is possible that we see one more sell-off to wash the weak hands. Currently I am doing intraday trades from the long side only. If S&P closes below 800, I'll stay on the sidelines.
If the market goes up from here these stocks should easily double. The holding period is at least 1 year (if profitable). Put these stocks on your watch list and when you see a pattern as described on the follwing link, you can buy. ALWAYS use stop losses. Stops should be somewhere between the low of the cup and low of the handle. This pattern is described in detail in William O Neil's book, "How to make money in stocks". You can probably get it from your local library or buy one...it is worth the money. If you are patient and wait for the right time you should do pretty good at the end.
If you find other stocks that have a similar pattern, please post it here.
http://www.chartpattern.com/cup_handle.html
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_cont
I won't have time to post everyday but will try to answer any questions on weekends.
Thanks for all the emails.
Happy Investing.
Scroll down for the list. Not sure why there is such a huge blank space.
Rank |
Symbol |
Company Name |
Last Price |
1 |
GHM |
Graham Corp |
12.98 |
2 |
AAPL |
Apple Inc |
123.9 |
3 |
ANR |
Alpha Natural Resources Inc |
19.7 |
4 |
GOOG |
Google Inc |
389.49 |
5 |
HXM |
Desarrollaxdora Homex DR |
21.86 |
6 |
HP |
Helmerich & Payne Inc |
32.76 |
7 |
NOV |
National Oilwell Varco Inc |
31.5 |
8 |
PCLN |
Priceline.Com Inc |
96.16 |
9 |
HANS |
Hansen Natural Corp |
39.89 |
10 |
NBL |
Noble Energy Inc |
60.69 |
11 |
CMI |
Cummins Inc |
33.38 |
12 |
DRQ |
Dril-Quip Inc |
34.1 |
13 |
BWLD |
Buffalo Wild Wings Inc |
41.84 |
14 |
SPAR |
Spartan Motors Inc |
6.93 |
15 |
HITT |
Hittite Microwave Corp |
37.07 |
16 |
VSEA |
Varian Semiconductor Equipment Associates Inc |
23.91 |
17 |
AMX |
America Movil ADR Rep 20 Series L Ord Shs |
33 |
18 |
ENG |
ENGlobal Corp |
6.19 |
19 |
MT |
ArcelorMittal ADR |
27.23 |
20 |
AMTD |
TD Ameritrade Holding Corp |
16 |
21 |
DNR |
Denbury Resources Inc |
16.48 |
22 |
OII |
Oceaneering International Inc |
43.94 |
23 |
DLB |
Dolby Laboratories Inc |
36.81 |
24 |
TNB |
Thomas & Betts Corp |
28.01 |
25 |
SNDA |
Shanda Interactive Entertainment Ltd |
48.03 |
26 |
SOHU |
Sohu.com Inc |
52.43 |
27 |
WAB |
Wabtec Corp |
38.12 |
28 |
GCO |
Genesco Inc |
21.76 |
29 |
FTI |
FMC Technologies Inc |
36.13 |
30 |
VMI |
Valmont Industries Inc |
62.2 |
31 |
NTES |
Netease.com Inc |
30.91 |
32 |
AIT |
Applied Industrial Technologies Inc |
22.09 |
33 |
WBD |
Wimm-Bill-Dann OAO |
44.31 |
34 |
WDC |
Western Digital Corp |
21.16 |
35 |
MCRS |
Micros Systems Inc |
20.61 |
36 |
CERN |
Cerner Corp |
47.42 |
37 |
GYMB |
Gymboree Corp |
33.43 |
38 |
RSTI |
Rofin-Sinar Technologies Inc |
19.29 |
39 |
BRY |
Berry Petroleum Co |
16.92 |
40 |
CNQ |
Canadian Natural Resources Ltd |
48.94 |
41 |
WIT |
Wipro Ltd |
9.12 |
42 |
CHRW |
CH Robinson Worldwide Inc |
53.35 |
43 |
BMI |
Badger Meter Inc |
37.69 |
44 |
CEO |
CNOOC ADR representing 100 Class H Shares |
115.55 |
45 |
BKE |
Buckle Inc |
35.2 |
46 |
LNN |
Lindsay Corp |
38.32 |
47 |
DAR |
Darling International Inc |
6.08 |
48 |
CTRN |
Citi Trends Inc |
23.77 |
49 |
MCHP |
Microchip Technology Inc |
22.25 |
50 |
SNX |
SYNNEX Corp |
19.39 |
51 |
ARO |
Aeropostale Inc |
32.89 |
52 |
TRAD |
TradeStation Group Inc |
7.79 |
53 |
SCHW |
Charles Schwab Corp |
17.84 |
54 |
NKE |
NIKE Inc |
54.73 |
Last edited: 25-Apr-09 04:01 PM
Last edited: 25-Apr-09 04:06 PM
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fortunefaded
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Posted on 05-01-09 1:46
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eminitrader, two questions: First, I am trying to learn about the cup and handle pattern you are referring to. What time frame are you looking at it? Hourly, Daily, weekly etc. Second, I would like to request you have a look at FEED. I have been looking at this stock for some time and I know it is under $5 but it looks quite promising. I have attached a chart below. You can see that the stock has rallied every time it bumped into the 100-day MA. It looks like it's going to hit it again tomorrow. A bounce from that might give it some upward momentum on the short run. What do you say? regards, FF
Last edited: 01-May-09 01:48 AM
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eminitrader
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Posted on 05-01-09 7:55
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Bisal, I don't know what to say except Good Luck. They are cheap for a reason. Where the stock was in the past is not important, we should be concerned about where it will be in the future. FF, I usually look at daily charts for the pattern but use the weekly to determine the trigger. Once the handle is formed, I look at the previous week's high and buy it when the price gets to 1% of the high. If the price is above 5% of the high I let it go. The attached chart is for PCX which I had recommended on Sunday. The stock rallies to pt. A and sells off, then again it rallies to pt. B and we see another pullback. The pullback is less than the previous pullback from pt. A, so this makes the formation of a cup and a handle. I noticed this on Sunday and the last week's high was $5.24. So my trigger in this case was 5.24 X 1.01 = 5.29 and the maximum buy price was 5.24 X 1.05 = 5.50. This meant that I'll buy once price gets to 5.29 and the most I was going to pay for the stock was 5.50. Once you are in it put your stop and enjoy the ride. Hope this helps!!!
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eminitrader
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Posted on 05-01-09 8:30
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Another stock that I recommended was DRYS and it hit the trigger price yesterday. I was thinking about buying it but changed my mind at the last moment. If someone wants to buy it, put a buy-limit at 7.38 and see if you can get the price, otherwise let it go since it is above our max buy price.
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eminitrader
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Posted on 05-01-09 10:04
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Selling 1/2 of PCX at 7.70...if price gets there. Will keep the other 1/2 for the time being. 45% in a week is not bad....
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cutenepali
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Posted on 05-01-09 2:23
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Hey Emini, I checked all the stocks that u have suggested , wow except for one u nailed it..Hope to get some more suggesstion next week as well.. My ACAS & ALD going nuts today ..Have a good weekend ppl..One of the best week for me in a while..
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eminitrader
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Posted on 05-01-09 2:51
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Cutenepali...... The four stocks that got to the trigger prices were PCX, STV, DRYS and LCAV. LCAV was a recommendation from a friend, it did not have that C&H pattern, so I closed it with a small profit. Rest of the stocks never hit the trigger price. It is very important that you buy once the trigger price is hit.....not before that. STV is up 30% today. Since it is so strong I'm going change the "target 2" to "target 1", so I'll take half the money at 16 and ride the other half. Did someone give my first post a 1 star??????
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cincinnati_boy
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Posted on 05-01-09 3:27
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emini... PCX was a huge ROI for me.. Also, I was able to dig in close to 45% in last four months wait frame on SYMC, which I would take it anyday anytime. What are your picks in coming week. I am nervously looking forward for the stress result from Treasury in coming week. This was a great sell of friday for me, better than many more in past. I have a good understanding of trading but not even close in making career off of bull market like you guys.... Sajha has been relatively good resource for me or maybe-- just right capital investment during wash off times? Like everyone says,"It's a random walk in wall street". Missed out big time on STV though....bummer.... Again, look forward for some picks for coming days. Happy Friday!!!
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inpeace
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Posted on 05-01-09 3:39
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Emini Great 30% today stv..missed the rally....I am giving u 5 star...
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dc_mitra
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Posted on 05-01-09 8:56
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eminitrader
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Posted on 05-02-09 8:21
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Here are the picks for next week. Try to figure out the trigger price and stop. My only concern is that since we had a good week last week, people might take excessive risk. We can always be wrong so just be careful regarding how many shares you buy. 200-300 shares of 3 stocks should be enough. I will post the trigger prices later. CX GLNG GTI HTZ BAS MT AGYS MTL NKTR
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mi171a
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Posted on 05-02-09 1:53
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Eminitrader: What should be buying and selling price for NKTR and how long we should hold it in your opinion? Your suggestion will be appreciated in advance.
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inpeace
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Posted on 05-02-09 2:07
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Emini
Looks like the rally is over now...I think we will see 5500 soon...what do u think.....
Last edited: 02-May-09 02:09 PM
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eminitrader
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Posted on 05-02-09 8:05
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One of the things that many new people struggle is regarding how many shares to buy. Let's assume that you have $5,000 in your account. You do not want to risk more than 5-10% on any trade. The larger your account is, the less you should risk as a % of your capital. Let's assume that the trigger price is $5 and the stop is at $3, that is a risk of $2 per share. Since you are risking $250 - $500 per trade, you should buy 125 - 250 shares only. Once you get 30-40%, you should take half off.
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purush
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Posted on 05-03-09 11:59
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Please now post at what prices these shares should be purchased and how long they should be held (or the price limit)? You are doing great service to Nepali communities who are wanna be investor. Thanks in advance.
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eminitrader
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Posted on 05-03-09 1:19
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Here is the final list. I changed the trigger price to 2.5% instead of 1%. DO NOT BUY before it touches the trigger price. | Trigger Price | Max Buy Price | Stop | CX | $8.00 | $8.19 | $5.60 | GLNG | $5.84 | $5.99 | $4.09 | GTI | $9.69 | $9.92 | $6.78 | BAS | $11.43 | $11.71 | $8.00 | MT | $27.07 | $27.73 | $18.95 | AGYS | $7.53 | $7.72 | $5.27 | MTL | $6.51 | $6.67 | $4.56 |
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eminitrader
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Posted on 05-03-09 3:46
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FF, I looked at FEED and it seems ready to move higher. Looks like you are buying the bounce of the 100 dma on hourly.....I usually don't like to do that but if it is working for you go for it. Trigger will be $4.15 and stop at 2.50.
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A1B2
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Posted on 05-04-09 1:24
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Eminitrader, what would be the target price for those stocks? How to determine target price. Please explain. You are doing a great job. I am still interested in buying STV, do you suggest that? How do you rate infrastructure stocks? MIC?
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fortunefaded
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Posted on 05-04-09 9:19
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Eminitrader, thanks.........I already bought some FEED at 3.60 with the bounce from the 100 dma. And some CX at 8.10. The stock looks like it's on the move. Too bad I missed AGYS....that puppy is already up 14%. :( And reiterating everyone's words again, we owe a lot for your suggestion and tips. Regards, FF
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cutenepali
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Posted on 05-04-09 9:36
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I bought BAS, CX & MTL Missed out on AGYS....
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eminitrader
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Posted on 05-04-09 10:04
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Just wanted to let you guys know that I did not buy anything today....but it seems that my picks are doing good. I usually do not trade stocks but focus on futures because there is more bang for the buck. I still own PCX and STV though. These were my first buys in more than a year and not a bad way to start. PCX and STV are over extended so DO NOT buy here.
You guys need to start doing some research. Since I do not trade stocks frequently I hate to spend 4-5 hrs. every weekend looking at charts. You guys need to start doing that and post it here and I'll give my opinion. You can't just sit there and expect me to do all work and post the picks. This will benefit you too because sooner or later I'll stop posting. I am trying to teach you how to fish and not give you a fish.......Hope this makes sense.
Last edited: 04-May-09 10:21 AM
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