Monday, May 5, 2008

Stocks for May 5, 2008

Here are the weekly stocks the passed three or more of my five filters. RIMM alone has passed all five.


SymbolTop RankedZacks PEG SuppDem VLIBD Stock checkup
RIMM11111A
RIG111 1A+
ACI 1111A
KEX112 1A
AXYS 11 1A+
BIDU112 A+
BUCY1 2 1A+
CSX1 1 1A+
FLS 11 1A+
FTI111 A+
GFA111 A+
JOYG 11 1A+
LNN 11 1A+
MA112 A+
MANT 11 1A+
MON 11 1A+
MOS1 1 1A+
PCLN 111A+
POT1 1 1A+
PRGO 11 1A+
AAPL1 21 A
DE1 1 1A
ESRX 11 1A
GLW 12 1A
IVGN 12 1A
DVN 11 1A-


This week, I welcome the following two stocks to the core list:

  • KEX
  • AXYS
Kirby Corporation (KEX) provides marine transportation and diesel engine services. Axsys Technologies (AXYS)designs and manufactures precision optical solutions for defense, aerospace, homeland security, and commercial applications.

FLIR and MUR are off the core list.

Core list (with n of 10 weeks passing):

SymbolPassing weeks Earnings
RIG10Earn 7-May
RIMM10Earn 25-Jun
BUCY9Split 27-May
PCLN9Earn 8-May
ESRX8
GLW8
ISRG6
FLS6Earn 28-Apr
MANT6
MON6
PRGO6Earn 6-May
LIFC5
KWK5Earn 7-May
MATK5
NFLX5
POT5
AXYS5
KEX5Earn 23-Jul

moving down this week
moving up this week
new this week

They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Ludwig von Mises, describing Socialism. (He could just as easily be describing politicians today.)

I had lunch with Henry last week. It is wonderful to catch up with old friends.

I have been reviewing all of my trading from last year, now that the necessary evil of taxes is behind me. I haven't come to a lot of conclusions, but here are some observations.

  • I made more on individual plays (directional bets) than I did in following the advice of newsletters.
  • I made a lot of steady income from selling naked puts, having the stock put to me, and selling covered calls.
  • My biggest losses came from following newsletter recommendations while not imposing my own rules on top of them. The greatest damage came from:
    • Not taking a pre-defined loss (say 8% or 2 times the Average Trading Range (ATR)).
    • Not entering at a lower Bollinger Band.
    • Not waiting for the Moving Average Convergence Divergence (MACD) to bottom out and start ticking back up
I am not placing a the blame at the feet of newsletters, but uttering a mea culpa. I take responsibilty for my trades, but in addition, I take responsibility for applying my rules.

Have fun trading this week.

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