Inets: From the fire? - As many of you may know, one of my favorite strategies is to play the unfolding story stock (i.e. NAVR, IMON, KLOC, etc).
the one recently, will also beat down those same issues, leaving them forgotten ...... temporarily.
Another one of my strategies that I am very fond of is just for occassions like today...or more accurately, the last two weeks.
We all know that hype and rumor move the issues that we watch, in fact, we count on it. But just as the hype and rumor can send the value of a microcap to that of a small cap or larger, a sell off like
Many of these issues will come back strong when the sidelined money again comes into the market. Some of these issues are set for amazing gains while offering very little downside on a relative risk/reward basis.
Let me mention just a few of the issues from the past few weeks that I would not be surprised to see yield 100% or more in a very short period of time should the right conditions present itself. Most of these names you should recognize and I encourage you to give them a fair look:
BKS - Still in the doldrums from its recent earnings cut and downgrade. Very safe bet IMO.
SATH - A very aggressive PR company, that is on the warpath, it won't take much to move them back to 20s and above.
IMON - They still have a following and like SATH, the right PR release will send them spiking to 10 in a heartbeat.
JBOH - You can count on another Inet Brokerage run, and the cheapest issues will make for the best quick trades.
NAVR - News is out, people are tired of waiting, and the stock price is suffering because of it. I still feel that this is money of the table for the patient investor, but it may take an iron stomach to realize its full potential. There is little holding this stock above $12. I don't feel it has enough investor support here....until they firm up the NetRadio IPO. For the patient trader however, you should find yourself looking back at 13 as a true bargain. But beware of the boredom factor, people are tired of waiting.
Now I am not saying to run out and purchase these issues as all but one, BKS, have wickedly bad fundamentals, earnings and prospects ..... but take a look at most relative big winners of late and notice that most, have a second day in the sun.
I feel it may be getting very close to the time where we should be getting out the tanning oil.
Trade well.
Tj |
