Portfolio of the Week

[billyjoe]

Lye,
NGAS short

billyjoe

[Gatorman]

I'll take AAPL long.

[New-born baby]

Wmt

I want to short WMT from $46.56.

[sowersnc]

Unh

I want UNH long

[spikefader]

I want to short WMT from $46.56.

Lye, I'll track this limit order if you like. I see there's a late print up there since NB's post that I don't think qualifies as an entry. And actually, by doing market orders at the time of post would avoid any question of whether a late print is in fact a fill. Anyway NB, do you see what I mean about that late print?

[Lyehopper]

I'm moving out of cash.... into ECOL (long)

Lye, I'll track this limit order if you like. I see there's a late print up there since NB's post that I don't think qualifies as an entry. And actually, by doing market orders at the time of post would avoid any question of whether a late print is in fact a fill. Anyway NB, do you see what I mean about that late print?

That's cool Spike..... Being a test week, we'll see how it works out dude. Good to see NB-Baby playin too ain't it?

OK I'll use this post to enter my pick.... ECOL (long).... it just hit my retracement target.

[jiesen]

That's cool Spike..... Being a test week, we'll see how it works out dude. Good to see NB-Baby playin too ain't it?

OK I'll use this post to enter my pick.... ECOL (long).... it just hit my retracement target.

Since the contest is back on, I'd like to (re)pick AMLN long.

[Lyehopper]

What an entry!!!!

.... my pick.... ECOL (long).... it just hit my retracement target.

Look at ECOL's intraday chart would ya?! My POTW entry was 14.06....hehehe

[spikefader]

Nice!

Kicking myself for not sticking with MDR. I'd be on your heels. That thing gonna be Creme of the Crop Superstar for SURE!

I have to seriously consider this NTY short. In some profit, but I'm gonna set breakeven stop.

[jiesen]

Look at ECOL's intraday chart would ya?! My POTW entry was 14.06....hehehe

holy cow, Lye! nice pick. why didn't you tell us that THIS would be the time your pick jumps 10% in 3 hours?

http://finance.yahoo.com/q/bc?s=ECOL&t=1d

[Lyehopper]

I want to short WMT from $46.56.

Spike.... I show NBB's limit filled @ 10:55 AM So I've got him short WMT @ 46.56. Look right to you dude?

[spikefader]

Spike.... I show NBB's limit filled @ 10:55 AM So I've got him short WMT @ 46.56. Look right to you dude?

The backfilla data does show it traded there don't it! Not a problem. I think I may be wrongly presuming that it was a late print. Sorry Newborn!

[Lyehopper]

Tuesday's score....

Now that's MORE LIKE IT fellas!!!! Looks like a rally to me. Let's make some $$$$!!!!

Pete H. has grabbed first with a "scientific" short pick this week.lol Good pick Pete.

I'm in second with ECOL.... and Gator's got 3rd....

[Karel]

I noticed several under $10 stocks on the list and checked their daily dollar volume. My method was (I used finance.yahoo.com):

1. Check the three month average daily volume
2. Check the lowest price over the last three months
3. Use these two numbers to compute a "daily dollar volume"

A possible objection could be that the price in the last three months has appreciated noticeably, but this rather proves the point than undermines it. For the sub-$10 stocks on the list, this means:

Ticker - avg vol 3m - lowest price 3m - $$$ volume

DDD - 137K - 3.77 - $516K
LINKE - 99K - 2.10 - $208K (E: Delinquent in required filings with the SEC)
NOVA - 43K - 6.00 - $252K
RGEN - 322K - 2.87 - $924K
RWC - 590K - 4.75 - $2803K
SKIL - 240K - 3.87 - $929K

It is my personal opinion that these stocks are more in the nature of happy-go-lucky stocks than that they are serious picks. I could be mistaken. But I think that stocks like these need a good fundamental story to be acceptable, if you want to give them a chance at all.

BTW: someone countered an argument against very volatile stocks by stating that the risk of loosing big was also present, so for the competition things would cancel out. But again, this was precisely the point of the objection: we want to win by picking stocks smartly, not by just raising the stakes. I might add that with very volatile stocks the "random walk" effect just kicks in stronger, so it might seem that some stock picker is really very good, while in reality that person has just scored a lucky break.

I wish everyone a lucky break, but I don't think that this is what Lye intended with this competition.

Regards,

Karel

[Karel]

Different tune: last week CMCO opened way up over the previous close, causing me a loss in the POTW and a gain in my own portfolio. Now it opened way down, so I am looking at a loss in my real money portfolio and am in the green in the POTW. So things just cancel out

And the POTW didn't do very well, really: up .6% on a day the markets really roared... I mean: was there an index that scored less than 1%?

Regards,

Karel