Thought I'd post a few thoughts.....potential gains for 2011:
Stock charts that are in down trends that look like the they have a serious chance of rebounding or have already started to rebound (in no particular order):
MVIS, SCIF, IDRA, STEM, CLDX, SGMO
Please note that I have at least a small position in all of these, so that MAY be creating a bias. With the exception of STEM, I also like the basic "concept" behind each of these companies (obviously SCIF is and ETF, but the premise still applies).
A chart that has started to turn around (and I own) but that I'm somewhat negative on the company is AMAT. I see it was upgraded today...giggle. I don't think I would upgrade them here, except as a short term trader, the chart is looking positive.
A stock that looks good both as a rebounding chart and that has substantial fundamentals underneath it is CME. It has had a huge run, so buyers beware!
I think HDB has a great long term potential but it has had a nice run over the past few years. The short term drop seems overdone but if India finds itself out of favor, HDB and SCIF will not be ones to hold. A reasonable stop should be put under all these, IMO, if you consider buying them in the near future.
Long term holdings that have been purchased at excellent levels are: ALTR, CREE, ENTR, MIPS, and OCLR. All are up over 150% since I purchased them, fwiw.....
Last but not least, my favorite small cap trader has been ACLS. Keep in mind that it would have been much better to just buy and hold the 20 to 100 thousand shares I have been trading. Note that I have been doing this since the stock was trading around 20 cents/share. A 50K purchase back then would be worth over 800K at this point in time. I have been buying after it has had a huge drop, and that has been very rewarding but I doubt that I have been able to achieve the 1600% return that holding would have created at this stage (not to mention the difference between short and long term tax consequences).
jmo
Happy Holidays!!
A small postscript note: I totalled up my 2 trading ports today and was happy to see that I achieved an 80% return in 2010 (1 was up 119% and the other 35%). Roughly 66% of these gains where made over the past 4 months (sept-dec). I have taken a completely different approach (not ready to share just yet) but it has been a remarkable period for me (waiting to see if it's luck during an up market stretch). If I can continue to perform well in the next downtrend/sell off, I will try my best to collaborate effectively!!! |
