Saturday, October 31, 2009

Stocks to Watch - November '09

Watch List for November '09


These stocks should outperform the market provided the latest sell off is a temporary correction.

Wednesday, October 28, 2009

UNH - A Health Care Play

Trying to figure out the future of health care in the U.S. is beyond me. I am not keen to the idea of politicians trying to fix anything, regardless of party affiliation. Hopefully, something good will come out of the proposals now on the table.

Meanwhile, many of the insurers, pharmas and health care facilities have been beaten down for the past two years. There is a chance that in the future their recovery will materialize.

Unitedhealth Group (UNH) is showing signs of life. UNH provides health care services in the United States.

Positives are:

•Fair chart pattern.
•Support at the 23.50 level.
•Average daily volume of over 12.5 million shares.
•Healthy fund ownership.
•Forward P/E ratio is at about 8.

Trading this morning at 26.11, I expect UNH to bounce up and cross the 50 dma (now at 27) in the next few weeks, if so, the next resistance level would be at 30.

Watch List Will be Published Monthly

Due to the amount of time necessary to research and publish the "Weekly Watch List" and the short term view, I have revised the schedule so it can be included in this blog on a monthly basis thus showing a more realistic and accurate result.

Recap for the week of 10/16/09:

on 10/16------------------on 10/23

AKAM 21.80-------------21.50 (down 1.40%)
ATW 39.29---------------38.81 (down 1.24%)
EZPW 14.07---------------14.06 (down .01%)

New list will appear around the beginning of each month.

Tuesday, October 27, 2009

Time to Move Out of KBR

Written up on October 7, 2008 and again on January 29, 2009 with prices at 15.28 and 15.43 respectively, KBR Inc. had a tremendous run and after yesterday's drop of 1.41 (down 5.87%) we may have heard a wake up call to take profits.

This retreat clearly marked a break down below the 50 day moving average with a weak support at 21.50.

After gaining approximately 47.25% over a period of less than one year and selling for 22.61,i can happily call it a day and search for other opportunities.

Friday, October 23, 2009

Going Nowhere at GE

Although Genereal Electric Co. (GE) has made a considerable move up from the March lows, I cannot see great prospects for its future.
Mentioned in this blog on 7/25/08 at 28.58, we are backing out of this position and taking a 47% loss selling it at the price of 15.20, we lick our wounds and move on.

Monday, October 19, 2009

Let's Take Profits on ATW

Too high, too fast is my view on the recent price move for Atwood Oceanics, Inc.

On 5/26/09 the stock appeared as an attractive buy candidate then trading at 23.53;
today, after a fine run, it is my feeling that taking profits may be a prudent move.

With a price of 40.06 we have gained 70% in almost 5 months. I'd say that is a very nice return.

Saturday, October 17, 2009

Watch List for the Week of 10/19/09 - Last Week's Recap

Stocks to watch for the week of 10/19/09:

ATW------39.29 (Going strong)
EZPW-----14.07 (May resume uptrend)

Recap for the week of 10/12/09:

on 10/12------------------on 10/16

ATW 37.70---------------39.29 (up 4.22%) A winner as of late.
EZPW 14.34---------------14.07 (down 1.88%) Slight pullback.

Saturday, October 10, 2009

Watch List for the Week of 10/12/09 - Last Week's Recap

Stocks to watch for the week of 10/12/09:

ATW------37.70 (Still a favorite)
EZPW-----14.34 (Ditto)

Recap for the week of 10/5/09:

on 10/6------------------on 10/9

ATW 34.55---------------37.70 (up 9.12%) Jackpot!
EZPW 13.57---------------14.34 (up 5.67%) Nice return.

Tuesday, October 06, 2009

Watch List for the Week of 10/5/09 - Last Week's Recap

Stocks to watch for the week of 10/5/09 (as of 10/6/09):


Recap for the week of 9/28/09:

on 9/28----------------on 10/5

DOX 26.40---------------25.89 (down 1.93%) Not so good.