Seeking Alpha

ZignalsApps'  Instablog

ZignalsApps
Send Message
ZignalsApps integrates the most advanced capabilities of Zignals trading tools with Seeking Alpha's depth of content to offer convenience and research horse power, all on a single page. ZignalsApps delivers in two forms: [1] Powerful investing applications suited to your individual needs [2] A... More
My company:
Zignals
My blog:
Zignals: The Market For Trading Strategies
  • Long Short Update from January 26th 0 comments
    Feb 2, 2011 12:39 PM | about stocks: HLF, CTL, IDCC, CLB, NAT, OII
    Last week's picks of Jim Cramer saw five bullish picks: Herbalife (HLF), CenturyLink (CTL), Ancestry.com (ACOM), InterDigital (IDCC), Core Labs (CLB), and two bearish picks: Nordic American Tanker (NAT) and Oceaneering International (OII). 

    The five-day outlook was mostly bullish, with CTL, IDCC, CLB and NAT all showing a greater than 60% chance of a higher close by end of business Tuesday. Two stocks, CTL and IDCC, had a bearish outlook for the first day. But, by in large, the outlook was bullish.

    So what happened?

    In reality, bulls wiped the board. The only stock to break the mold was Nordic American Tanker (NAT). It managed to finish down 1-, 2- and 5-days post Pattern completion, despite a 75% and 72% probability of closing higher 2 days and 5 days respectively after the Pattern completed.

    In the end it was a toss up, with four misses for PatternDNA (the other two were the bearish probabilities in CTL and IDCC) and three hits - all coming on the fifth day.

    The Percentage Return data played reasonably well to expectation. Herbalife (HLF) finished up 2.2% (vs 3.0%), Core Labs (CLB) returned 7.8% (vs 7.7%),  InterDigital closed 5.2% higher (vs 6.5%). One of Jim's bearish picks, Oceaneering International (OII), was the biggest gainer on the week - it finished up 10.3% (vs 6.1% projection). On the miss front was CenturyLink (CTL) up only 1.5% (vs 6.2%) and Nordic American Tanker (NAT) down -0.3% (vs 8.5% projection).

    In summary

    What was lost on Win Percentage Outlook was made up for in Percentage Return. The bullish outlook did play out in the end, with Nordic American Tanker (NAT) the only real disappointment in this regard. 

    Stocks: HLF, CTL, IDCC, CLB, NAT, OII
Back To ZignalsApps' 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


Most Commented
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.