Seeking Alpha

Jim Van Meerten's  Instablog

Jim Van Meerten
Send Message
Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and attended... More
My company:
Marketocracy Capital Management
My blog:
Barchart Portfolio Blogs
  • 6 Speculative positions I just had to close 1 comment
    Aug 6, 2011 10:47 AM | about stocks: ARIA, CRR, CHS, ASNA, TSCO, ORCL
    You can't stay in a tanking market even when your gut says things will get brighter.  I'm listing 6 stocks that I just had to deleted from the Barchart Van Meerten Speculative portfolio.  The negative price momentum was just too much.  I'll cut my losses and return when the market is trending better.  I think you'll see a common theme here.  All the charts and data are provided by Barchart.

    Araid Pharmaceuticals (ARIA)

     
     
    • 60% Barchart short term technical sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 36.37% off its recent high
    • Relative Strength Index 24.85% and falling
    Carbo Ceramics (CRR)
     
     
     
    • 60% Barchart short term sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 26.34% from its recent high
    • Relative Strength Index 27.45% and falling
    Chico's (CHS)
     
     
     
    • 60% Barchart short term technical sell signal;
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 20.18% from its recent high
    • Relative Strength Index 31.74% and falling
    Ascena Retail (ASNA)
     
     
     
    • 100% Barchart short term technical sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 18.75% from its recent high
    • Relative Strength Index 24.82% and falling
    Tractor Supply (TSCO)
     
     
     
    • 60% Barchart short term technical sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 18.46% from its recent high
    • Relative Strength Index 30.70% and falling
    Oracle (ORCL)
     
     
    • 100% Barchart short term techncal sell signal
    • Trend Spotter sell signal
    • Below its 20, 50 and 100 day moving averages
    • Down 22.20% from its recent high
    • Relative strength Index 28.56% and falling

     
    I'm selling the losers and will buy again when the Value Line Index($VLA) begins trending above its 20 day moving averages.
     
     
     
    Jim Van Meerten is a Marketocracy Master

     

    Themes: long ideas Stocks: ARIA, CRR, CHS, ASNA, TSCO, ORCL
Back To Jim Van Meerten's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • LooseChange
    , contributor
    Comments (79) | Send Message
     
    CARBO-Ceramics is currently between a rock and a hard place (little play on words there) for a drilling supplier that manufactures high-grade ceramic fracking materials. You've heard of fracking, right? OK, good. A major part of the current dip in PPS of CRR was caused by logistics problems of having the right fracking materials shipped to the right places in the USA when (get this) the Carbo material had worked so well with natural gas production that the price of gas had fallen to ridiculously low levels. Let me rephrase that; CRR got caught off guard (my opinion) and didn't forsee the shift from gaseous product drilling to "wet" product. But as far as I can tell, CRR is poised to reshift as needed by the drilling industry. They have a good product, definitely superior to the common beach sand that is still used for fracking, but with inferior results.

     

    Disclosure? I'm a retired ceramic engineer who is invested in CRR and right now I'm enjoying the benefits of low PPS.
    18 Jun 2012, 12:26 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.