John: Thanks for you comments, but I'm not really impressed with AFCX at this point. The "handle" is pretty high up in the chart, volume is so thin, MM are toying with it. Acc/Dis is wobbly, and RS is volatile. Pulled back to a perfect price and got me in, but should have taken off already. I limited out at 27 1/2 on Friday. In order to take me out, the MM screwed some poor guy boosting the ask up to 28, and handed him my shares, then let some bigger guys dump it on the close.
I like your SUNW better (EFII almost meets requirements, I think and looks tempting at 47 1/2), and MIND is pulling back to the breakout. Very difficult for me to play the Pitbull with any measure of discipline in a market like this. When the bull is raging, I tend to use it more as an additional screening tool to find "high growth, value" stocks that are starting to get attention. Like GEHL, MIND, ORBKF, etc. Remarkably low PE's for high growth stocks. When the market gets tougher, I'll focus more squarely on the PB. That's when I find it most helpful.
In the meantime, there are some pure CANSLIM plays that are just begging for attention. Look at QTEL, ECILF, USCS, for example.
Regards |
