This week with StockPunk 4-14-08
Things don't look too promising right now. GE is still affecting the world and we could see further downside if more companies chime in missing their estimates.
I'm not taking any new trades today. I plan on holding on to what I have and let the market and my stops give me some direction this week.
Be careful out there!
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8 comments:
I stopped out on GHM down 6%. Still in KEX. Also did not take any new trades. Looked closely at AEHR but don't want to own small caps now and Zacks rank was 3.
On this weeks Zwieg + Navellier only GDI looked good to me. Well it was off .68% today. NGS saved me; up another 13.6%. I don't subscribe to Zacks so I use only "A" rated Navellier picks instead. Seems to do about the same thing.
Scott: have you considered using O'Shaughnessy or Graham screens as they have done rather well over the last 9 years as well? I need more that four or five stocks to keep risk low and still stay invested. It seems that it may be better to add some other proven screens to Zweig+RSI, Zwieg+MACD, Zwieg+Rule#1.....
What are your thoughts?
Frederick,
I'd be curious why you are still holding NGS? It isn't in the ZWEIG screen this week and if I recall it wasn't in last week as well. It is still a #1 with ZACKS, however. What is your version of following this screen? Mechanically, following the ZWEIG screen NGS was a sell before this week.
Don't get me wrong, I wish I was still holding it myself. Just wondering what you are doing with the screen.
Thanks!
Frederick,
I've looked at both screens, but I find when I spread myself too thin, I make a lot of mistakes. I am looking into other trading strategies that give me a better expectancy than the systems I'm using now. I'll keep you informed about how that is going.
matt, I thought the same thing about NGS. From what I can tell NGS fell out of AAII's last upadate Zweig based on PE<1.5*Median PE.
That means the price is rising and so if you are up more than 10% on a name, I think you should continue to hold it and move a trailing stop up to say within 8% of last price. I am still learning and would appreciate any insight you guys have.
Hey SC,
I appreciate that information. It helps a lot to know your thoughts on why a stock is off the screen and yet a good stock to hold. Moving up the stops and keeping the stock sounds like a good play....wish I'd done so! :-)
Rick,
How do you track the components of the Zweig screen?
What are the fundamentals that help you screen the EPS up 5% screen? (If you'd be so kind.) Do you look at trends or ratios?
Thanks!
Rick - Thank you!
(And again, thanks Carl for this blog.)
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