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
  • Beat the market -- 3 new picks 0 comments
    Sep 23, 2009 11:00 AM | about stocks: SANM, SWIR, TRGT
    On the Top Stock Blog we're having a little contest to show how our stock recommendations perform not only against the market but a little friendly competition against each other. We'll enter our picks on Wall Street Survivor and they will keep the score.

    My picks will use the same methodology I use on the New High Fund I've had on Marketocracy for quite some time. I use BarChart's new high list of stocks trading over 100.000 shares a day, sort for frequency, hopefully weed out ETFs and closed end funds, choose only stocks selling above $5. I then take the top 10 or 15 and only consider stocks that have made at least 10 new highs in the last 20 trading sessions. If I can't find any that have hit new highs at least 50% of the days I make no additions that day. The stocks then are reviewed to see if the short term technical analysis indicators are at least 80% BUY. Last I review the chart to look for any inconsistencies. Here are my picks for the day.

    Samina-Sci Corp (SANM) -- an electronic manufacturing services company. The stock is an 80% short term BUY with 12 of 13 TA indicators showing BUY and 1 HOLD. 15 new highs in the last 20 trading sessions and 5 for 5 recently. Price appreciation in the last 65 trading sessions was 226%. Recommendation: BUY around 9 with a stop loss at 7.

    Sierra Wireless (SWIR) -- A leading provider of wireless data communications products. The stock is an 80% short term BUY with 12 of 13 TA indicators BUY and 1 HOLD. 14 new highs in the last 20 trading sessions and 5 for 5 recently. Price appreciation in the last 65 days was 110%. Recommendation: BUY around 10.75 with a stop loss at 8.

    Targacet Inc (TRGT) -- A clinical-stage biophramaceutical firm that discovers and develops drugs used in treating central nervous system disorders. The stock is a 100% short term BUY with 13 of 13 TA indicators saying BUY. 14 new highs in the last 20 sessions and 5 for 5 recently. Price appreciation in the last 65 session was 890%.

    Jim Van Meerten is a full time investor and blogs on Financial Tides among other sites. Please offer comments below or email to FinancialTides@gmail.com

    Disclosure: I hold no physical positions in any of the stocks I blog about. All recommendations are held in one of my 6 Marketocracy portfolios or my Wall Street Survivor portfolio for accountability.
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 (0)
Track new comments
Be the first to comment
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.