Observations on a down day: ... Although I have had my
oil sector options sink like the underwater rigs and
pipes that define them... EARNINGS PLAYS are another
way to bypass the vagaries of this market..
** It is a stock pickers market... Certain rules must
be set and adhered to, target prices for entry and
exit positions, stop losses set at 1-1 1/2% below buy price.
** I buy only stocks with EXTREMELY high EPS growth will
make it. I now search for stocks whose EPS rose 75-1,000%
from last year..
** I try to avoid the large cap technology sector completely
in earnings season. Avoid companies that have more than
doubled in 52 weeks... reaching the 52 week high is best...
**I Diversify with top sectors (i.e. Cement/
Building Construction/Biotechnology/Medical Supplies
/Telecom Equipment/Air transport/Retail (special lines)
Today's prices of earnings plays for October 15-16
SYMBOL OPEN HIGH/ASK LOW/BID LAST CHG VOLUME ----------------------------------------------------------------------
RB 45.000 45.750 42.625 43.750 -0.88 468,300
DIGI 30.750 31.625 30.437 30.625 +1.00 4,649,300
AFCI 38.625 40.000 36.000 36.500 -1.50 598,000
PMTC 45.500 48.250 45.500 47.875 +2.25 2,193,100
DMIC 47.250 49.750 47.000 49.000 +3.87 1,131,100
FFD 42.000 42.062 40.750 41.125 -0.88 118,200
DPSI 25.750 27.250 25.000 25.125 -1.00 41,900
DURA 49.750 51.000 49.750 50.562 +0.62 353,700
CNTO 52.250 52.625 50.500 52.250 +0.18 1,028,600
KELL 20.750 21.500 20.625 20.812 +0.56 198,000
MRS 24.500 26.375 24.375 26.000 +1.62 52,800
KSU 33.562 34.625 33.562 34.062 +0.50 737,700
POP 19.937 20.062 19.750 19.750 +0.00 10,100
PBYP* 22.625 23.250 22.625 23.375 +0.62
GAC* 29.187 29.250 28.750 28.875 -0.44
TCNOF* 36.375 37.000 36.000 36.000 -0.38
GND* 13.750 13.812 12.937 13.375 -0.38 260,900 13.062 13.437
*These have not reported on scheduled date.
UDS
Conclusions: If market rebounds, I will continue to scan for earnings plays that will have the best chances to increase in prices:
UDS,CNTO,SPYN,HPRK,GAC,TKLC,WNU,MDRX,DSTM,MRVC,ITEQ,MCK,SFSK,ITWO,CYBE,LBOR are some examples. By the end of the week the list for week of 20-24 will be ready together with earnings dates. |
