Get Trade Alerts

Signup for super-trades.com Free Email List!

Enter your Email


Preview | Powered by FeedBlitz
To subscribe to the Super Stocks Blog by RSS feeder click on :

Subscribe to: Posts (Atom)


Sunday, August 24, 2008

Small Cap Momentum Update

Small Cap Momentum is harder to come by in this market but there has been some. The right news will still work but I have to be very selective. Naturally short selling strategies have been working better than momentum longs in this market. Plays like PDO do not happen every month but they do happen several times per year.

China stocks have been dead on arrival (with few exceptions). The Chinese market has been down and there has been talk of slower growth. I have been shying away from most of them until I see some solid momentum.

Bought VIFL at $2.10 and it hit $3.10 or 48% one day move. It has now settled 2.40-2.50 and was a good trade on the FDA decision.

Catalyst to watch for going forward on VIFL that would put it in play would be a contract on the lettuce and the spinach. The company is small but is profitable. It was a nice momentum mover (48% - one day).

OGXI made a nice move on Friday after it received FDA fast track approval on one of the Company's drugs. The reason this is one to have on watch list is that it only has approximately 2m shares outstanding (may go up after this milestone) and a float of 1.8m shares per Bloomberg. Float Information

IDSA made a move from $14 to $18 and UFPT from $9 to $11 since posting on their earnings.

TAYD reported earnings with a nice comment on international orders. This Company needs to keep the street updated on progress more than once per quarter. It is a solid business and will keep watch for demand picking up. I originally bought this in the $5's it hit high $7's then went back to low $5's. I still believed in it after the initial pop and time will tell the story here.

NTIC has bounced off the bottom in the low $9's and went back to the $11 area. Again, like TAYD this Company needs to keep the street informed on their green initiatives. I would like to see an update on the Waste Plastic to Oil Technology. I originally bought this in the $10 area and it doubled to $20 before settling all the way back to my original buy. I believed in it after the initial pop but like TAYD, I want to see some news.

The market environment was very different when I first bought TAYD and NTIC than it is now. These plays can still be big movers with the right news.

I have been doing well trading the ETF - SKF which is double short the Dow Financial Index. This is a very volatile stock that can have daily $5-$10 swings and moves very fast. It goes higher when financial sector news is bad. It is difficult to post trades because it moves so fast. I did buy some core shares at the $113 level on the last big dip. Will try to post more frequent thoughts on this ETF.

No comments:

DISCLAIMER

super-trades.com is simply a blog that has information on stocks that the author Superman, likes or may trade. The author may, and usually does have positions in some of the stocks discussed on the site or in email alerts and is under no obligation to disclose the size of the position or the time that it was acquired. The author also reserves the right to buy or sell at ANY time before during or after it is mentioned on this site or an email alert, with no notice or warnings. The posts are not at all intended to be recommendations for anyone else to buy, sell, or hold. Investors should not rely on the information given by this site to make investment decisions.


No contributor of the his site is a registered investment advisor or a broker / dealer. We DO NOT recommend whether to buy, sell, or hold securities . Although we believe the information on this site to be accurate, we DO NOT GUARANTEE the accurateness and completeness of statements made regarding stocks discussed on the site or in email alerts.

The performance section provides information to the public on selected stocks profiled by this site. Past performance should not be used as an indicator of future performances. We try the make the past performance section as accurate as possible but DO NOT GUARANTEE that the information is accurate.

This web site and all email alerts sent by this site contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates," believes," or statements indicating certain actions "may," "could," or "might" occur.

If any part of this disclaimer is not clear, please take the time to consult an attorney or investment specialist. Please take caution in all investment endeavors and good luck to all.

Again, My messages are not investment advice, investment solicitation or the like. Do not take action based on my messages. I do not guarantee or make claims to the accuracy of anything I post. I may buy or sell any securities I mention at anytime, even prior to posting. It is my opinion, that individuals should perform their own due diligence before investing in any stock at anytime and not base decisions on messages posted by other individuals. Individuals should assume 100% responsibility for their own investing. My messages are for my own entertainment only. LOW FLOAT stocks in particular can be volatile and are not for new traders in my opinion. I am not a registered investment advisor in any shape or form, please do not ask me for ANY investment advice.

Welcome to super-trades.com, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.