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ONeil Trader
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I am looking for investment and trading ideas, mostly growth stocks. Stocks of my interest must show substantial earnings and sales growth. After those fundamental screens, I look for technical patterns to make trades and long term investments. My interest in the stock market started with my... More
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  • Internet Stocks Consolidating

    Internet stocks are consolidating after their massive run-ups in recent months. This strikes me as needed and healthy, as they moved up almost without pause. The consolidation will enable the stocks to set new buy points as they try to emerge from a consolidation. There are a few pockets of strength in the group, like Google (GOOG) and Yahoo! (YHOO) and Bitauto (BITA) (my latest article here) as they made new all-time highs recently. There are some stocks in the group that are delivering strong revenue and earnings growth, and that I believe will outperform once again in the next couple of months, as they finish their consolidation periods.

    Google and Yahoo! have broken out recently, and are not far from their buy points.

    These are the stocks that are basing and that I find the most interesting in the group: Bitauto, YY (YY), Qihoo 360 (QIHU) (my latest article here) Sina (SINA) (my latest article here), Baidu (BIDU), Facebook (FB), Yandex (YNDX), Phoenix New Media (FENG), Soufun (SFUN), Youku (YOKU) and a recent IPO (WUBA).

    You can see my technical view on some of these stocks below.

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    Disclosure: I am long QIHU.

    Additional disclosure: I may go long any of the mentioned stocks at any time.

    Nov 26 11:15 AM | Link | Comment!
  • Superperformance Stocks Update - Dropping Tesla And Santarus

    In early April, I wrote three articles about 'Superperformance' stocks. First article is about the fundamental characteristics of past superperformers. The second article is about the fundamental and price characteristics of a former superperformer. The third and final part of the series is about potential new superperformance stocks.

    This is an update on performance of four stocks that were selected as potential new superperformers.

    As you can see from the table, we have a first true superperformer, Tesla (TSLA), which rose more than 200% in less than two years. The other three stocks also performed very well. Another reason for dropping Tesla is the stock's technical weakness, since the stock dropped below its 50 day moving average line on above average volume. The company is also valued for its third generation production, which is yet to be materialized.

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    Source: Stockcharts

    Since Tesla achieved superperformance, the stock will be dropped from my superperformance stocks list. Santarus (SNTS) is also out, because the company was bought by Salix Pharmaceuticals (SLXP). Santarus did not achieve superperformance, but I believe it would if it was not acquired.

    3D Systems (DDD) and Proto Labs (PRLB) remain on the list, and will try to do a new write up soon, and put new stocks on the potential superperformance stocks list.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Nov 09 6:16 AM | Link | Comment!
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