Seeking Alpha

Adrian Sciberras'  Instablog

Adrian Sciberras
Send Message
Accountant by profession, and Part-time Trader. Personal blog: www.scibbytrading.blogspot.com
My company:
Scibby Trading (Blog)
  • Hot Picks on making 2011 a very profitable year 0 comments
    Apr 17, 2011 5:08 PM | about stocks: APKT, CMG, DECK, IPGP, LULU, MCP, NFLX, OPEN, OLED, QLIK
     I am looking into momentum trading, the following are some stock ideas most of which have the following similar characteristics which I believe offer highest upside potential at the time of writing.
     
    * Daily trading volume over 500,000 per day and signs of institutional sponsorship.
    * Shares in issue is less than 100m and preferably below 50m floated.
    * Average trading volume has been increasing in the past year.
    * Many characteristics of a typical Canslim type of stock (visit investors.com)
    * Stocks trading within 5% of their 52 week or all-time high.
    * In most cases, the price of company is over $50.
    * Growing earnings, positive expectations, industry in favour.
    * New company with some new hot product / business.
     
    Here are the ideas (ticker, current price and suggested entry price):
     
    OPEN - $105.00 - (enter immediately below $110)
    CMG - $285.13 (enter immediately below $290)
    MCP - $74.22 (enter immediately below $75)
    SOHU - $95.38 (enter immediately below $100)
    APKT - $72.50 (wait and enter above $75)
    DECK - $94.27 (enter immediately below $95)
    LULU - $93.28 (enter immediately below $95)
     
    Riskier picks:
     
    QLIK - $27.03 (enter if it stays above $27)
    PANL - $52.84 (buy below $48, but make a stop $45).
    IPGP - $56.76 (buy and stop at $53, and buy more over $60).
     
     
    My initial recommendation date 04/17/2011 - target is buy and hold (until the S&P goes to 1525 later this year).
     
    Disclaimer: Make a stop loss of $3 from your initial purchase (entry) price. I am not responsible for your losses. At the time of writing I own shares (long position) in NFLX, MCP, CMG and planning to enter some (but not necessarily all) mentioned stock positions in the other recommendations in the next 72 hours.
Back To Adrian Sciberras' 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

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.