December 30, 2013

Some Quick Charts: Metals etc.

Last week the high beta stuff was back in play. The rare earth elements and metals. Oh, and don't forget the shippers. If I've been right about anything lately it was that the shippers had bottomed. DRYS is very correlated with the index. It's a good one. One of the stocks I've had my eyes on lately is former net-net Infosonics IFON. The stock is usually very thin but a few days ago I noticed it was in-play as the volatility and volume suddenly appeared. So it's no longer in net current asset territory, however, it's moving lately. They got a notice of failure to maintain the Nasdaq'a minimum price per share above $1. Other than that I don't know of any significant news around the time the surge began.

Another flag is starting as it consolidates from that huge run the other day.

ENG is consolidating and this looks like a long flag here. The stock is up so much over the last 6 months that it seems like buying would be chasing. This is just such a perfect flag here that any break above it could get some good follow though I would imagine. We'll see though. ENG has a nice balance sheet.

Tasman Metals TAS is a junior resource company engaged in the acquisition and exploration of rare earth elements and tungsten in Scandinavia. TAS has a great chart going. It's in a nice slow uptrend and just tested trend support and held on volume. This is going higher. Over 1.10 soon.

December 11, 2013

What I Use for Stock Screens and a Trading Watchlist

Everyday after the market has closed I try to run though atleast 80 to 100 charts with my custom scans on Stockfetcher.com. I just use pure technical and statistical screens. I don't screen any fundamentals on Stockfetcher. For fundamentals these days I just us Graham Investor and look at NCAV stocks.

A perfect scenario when I'm scanning is to find a good looking chart first on Stockfetcher that also is a net current asset stock or deep value around net tangible assets. There continues to be a lot of stocks moving in the alternative energy industry. I've had Plug Power PLUG keep popping up in scans but I missed the last big run. I'm still watching it though. Fuel Cell FCEL has a good chart going too. If I were going to be daytrading tomorrow I would have ETRM on watch with a long bias. This is a very clean flag right here.

For possible position trades

I really like Vapor Corp VPCO. They sell electronic cigarettes. Electronic cigs are a winning industry of the future. It looks poised to breakout here again.

Delcath Systems DCTH is hovering right around net current asset value. On the balance sheet there was about $25 million in net current assets. The market cap is right around there here at $.24 a share. It's in breakdown mode so more lows look like they are coming.

Star Scientific STSI has had some bad news lately. I see it as a contrarian play in the low $1 a share area. This stock in the 10 years I pulled up price history in yahoo has always bottomed around $1 a share.