Monday's Shopping List!

Here are some stocks for potential longs or swings listed in alphabetical order:

AGU
AKS
AME
ARD
CAM
CE
CLR
CME
CRNT
CRZO
CSX
DRQ
EAC
EXM
EXPO
FDRY
FSLR
FTI
GEOY
GGB
KEX
KO
MEA
MTL
MT
NBL
NXY
NE
NOV
OFIX
PNSN
PCLN
PXD
PVA
RAI
SDA
SID
SM
SPLS
TTES
VMI
WAB
WIT

See anything you like?

Good luck everyone! And as always, be sure to do your due diligence before buying or selling any stock.

~Happy Mother's Day!~

Thank you, Mom. I will never forget your encouragement, wisdom, unasked for advice (lol!), and that you were always there when I needed you.

I won't quit.

I love you.

Guitar Hero Sends ATVI Racing

Activision (ATVI) reported astounding results last week. I won't be exaggerating when I say it basically smashed, crushed, squished, and totally stomped over on the consensus estimates; apparently everyone on Earth is now playing Guitar Hero.

Non-GAAP EPS in the quarter was 17 cents a share, more than triple the consensus of five cents.

And it gets better. The company has also raised its 2008 and 2009 forecast ahead of consensus.

Here was the previous post on ATVI.

VIT - VanceInfo Technologies

I hope everyone has enjoyed their weekend. I am profiling a stock I am currently long, it was a starter position @ $8.09. I'd figure I'd get this out of the way first and get to the good stuff fast...I am looking to add to my position.

I screen for stocks with extremely high Earnings and Sales growth! Here is how VIT shapes up:



96% Sales growth QoQ growth along with a 113.76% Earnings QoQ growth make VIT stand above the rest. John Boik profiled Monster Stocks and his research has found that many stocks show extremely high earnings and sales growth prior and during the run up.

Next thing that I love to see in a stock is its 52 week high is double that of its 52 week low. Why? I want a stock to prove itself prior to me being long the stock. As you can see here VIT meats this criteria.



Last but not least, lets go to the charts. Here is a weekly and daily chart of VIT:





I am looking for VIT to form a flat base here, I would like the base to be no deeper than 20% and it must form over a 5 week period. If I can get VIT to cooperate I will go long on the breakout with volume.

A special thanks to TeleChart 2007 for the Charts and Reuters for the Fundamental data.

Market Speculator

Commodity Stock ETFs

GDX - Gold Stocks

SLX - Steel Stocks
MOO - Ag Stocks

KOL - Coal Stocks

OIH - Driller Stocks

XLE - Energy Stocks

A couple of weeks of wax on - wax off. Into commodity stocks - out of commodity stocks. I did a good job of picking the pullbacks/ breakouts for Ags, Coal and Steel. I seem to have no clue with any of the oil area right now. I am very concerned the oil market is going to go insane and then crash. I have hard time believing the move in Oil is nothing more than mass speculation where we will have blow off top and fall back like the Grains and Gold.

The Denarii Trader

Sector Review

XLF - Financials

XHB - Home Builders

SMH - Semis

RTH - Retail

The four horsemen of market death continue to repair themselves. The Financials, Retail, and Home Builders all pulled back with the market, beginning to give good entries to start positions with. The Semis held strong, mainly going sideways thru the week.

The market over all looks to need a pullback. We started that process this week. We have had great rallies off the bottom and now I am having friends call me to become more aggressive after being out of the market. This is not a good sign. Barron's has become too bullish for me too.

I would love to see another couple of weeks of pullback and that should set up a good buy. If we continue up, the next correction may be very messy. The easy money has been made for this go around.


The Denarii Trader

My Deepest Sympathies to the Alfandre Family

Perhaps they are not the stars,
but rather openings in Heaven
where the love of our lost ones
pours through and shines down upon us
to let us know they are happy.

James Paul Alfandre, a.k.a. Jethro on the Trading Goddess stock blog, passed away Thursday morning.

He was an incredible "Chartist" and Teacher to so many others in the stock market. He freely gave his time, energy, and experience every day so that they could become more knowledgeable and profitable on Wall Street.

Here is Jethro's blog:
http://thejethrostockwatchclub.blogspot.com/.

He was a firm believer in CANSLIM stocks and had been with IBD for about 20 years.

He was a day trader as well as a "long". He spent over a year without compensation teaching us "charts" on a daily basis, and his energy and patience was enviable. And he was in a great deal of pain for the majority of that time. He simply was a "giver".

I will miss his laugh, his complaints about CNBS, his rant about the "Erin Burnett Kill the Market Hour", his distaste for penny stocks and "garbage" stocks, and so many other things.

Jim is survived by his wife, Trudi, a homemaker.

Remembrances, donations, and flowers may be made in Jim's memory to his brother, Mike, at:

Mason's Grill
c/o James Alfandre
13556 Jefferson Hwy
Baton Rouge, LA 70817
225-756-8815

I am so happy to have known him and call him my friend.

May he rest in peace and without pain.