I hold earnings plays and stocks I feel are low risk like ACTN, TXCC, SDTI, AMCC, CREE, USWB, etc. When a position is a little risky (VRTS, SUNW) I go with an option position. I like the financial sector obviously lately. I've been both long and short COF and long PVN 3 times. I had BDK, HDI for a while as earnings plays because I felt these were already beaten down and reward was greater than risk.. It was. Both BDK and HDI were up very nicely in the last few days.
CLX, CCE, NEM were others I was not afraid to hold for a few days. I would not hold an internet stock like AMZN, YHOO or AOL although I would hold MSPG, ELNK... Even JKHY a favorite of mine was up 12 points this week but then was down 5 points on Friday. I never got into that one. You never can know what will happen. If you have any doubt then sell.
While some threads focus on the entire market outlook, others focus on strategies and methods, I focus on the stock itself... They miss the trees by looking at the entire forest. There are so many good candidates out there. Just see what posters on this thread found today... Extremely profitable trades like NTEG, JDAS, RON, VTS etc.
I will focus more on stocks that I feel will report good earnings in the next few weeks. If they are 'beaten down' not necessarily severely, they have a good chance to rebound strongly. (i.e. AVI, BD, HRZ, HDI, BDK,) |
