My shopping list
I had mentioned that I continually update my shopping list, especially as the market makes large directional moves. My shopping list includes companies that I:
1) Invest in;
2) Trade around; or
3) Monitor closely, as a new opportunity.
If the specific opportunity fails to inspire interest as an investment, then I rarely, if ever, buy it as a trade. I seek an alignment of:
a) My needs;
b) The specific opportunity's placement within its continuum;
c) The near term direction of the market (an important distinction re time and the market that, if reminded, I will discuss in a future post)
When considering any opportunity, please recall the four critical criteria, as I deem them: price, volume, pattern, and trend.
THE LIST (with annotations)...
Abercrombie & Fitch/ANF -- see archives
American Eagle Outfitters/AEOS -- see archives
Apple/AAPL -- see archives
Bebe/BEBE -- breaking out as I type, albeit with insufficient volume
Cameco/CCJ -- leader in the uranium group, nice i/t base
Cheescake Factory/CAKE -- see archives
Coach/COH -- see archives
Domino's/DPZ -- potential short term base
Google/GOOG -- did you think it would somehow not make this list?
Johnson & Johnson/JNJ -- very near its either-way inflection point; I believe that break will be up
Joseph Bank/JOSB -- see archives; potential short term base
Men's Wearhouse/MW -- see archives
PF Changs/PFCB -- see archives
Starbucks/SBUX -- Patience...
Station Casinos/STN -- potential intermediate term base
Syneron Medical/ELOS -- a reluctant inclusion
Timberland/TBL -- see archives
Urban Outfitters/URBN -- arguably the leader for stock performance among the specialty retailers
Whole Foods Markets/WFMI -- Price is immediately beneath its all time high; potential short term base.
(I might lose interest in any one of these opportunities -- or add new ones.)
And for those who like to hedge their longs with a few shorts, I would monitor the homebuilders, which might have put in their high trade, and now build a top -- or a base. Only the passage of time, and the subtle clues of course, will tell the tale.
Please share your questions, comments, and recommendations. (The last, with rationale included.)
1) Invest in;
2) Trade around; or
3) Monitor closely, as a new opportunity.
If the specific opportunity fails to inspire interest as an investment, then I rarely, if ever, buy it as a trade. I seek an alignment of:
a) My needs;
b) The specific opportunity's placement within its continuum;
c) The near term direction of the market (an important distinction re time and the market that, if reminded, I will discuss in a future post)
When considering any opportunity, please recall the four critical criteria, as I deem them: price, volume, pattern, and trend.
THE LIST (with annotations)...
Abercrombie & Fitch/ANF -- see archives
American Eagle Outfitters/AEOS -- see archives
Apple/AAPL -- see archives
Bebe/BEBE -- breaking out as I type, albeit with insufficient volume
Cameco/CCJ -- leader in the uranium group, nice i/t base
Cheescake Factory/CAKE -- see archives
Coach/COH -- see archives
Domino's/DPZ -- potential short term base
Google/GOOG -- did you think it would somehow not make this list?
Johnson & Johnson/JNJ -- very near its either-way inflection point; I believe that break will be up
Joseph Bank/JOSB -- see archives; potential short term base
Men's Wearhouse/MW -- see archives
PF Changs/PFCB -- see archives
Starbucks/SBUX -- Patience...
Station Casinos/STN -- potential intermediate term base
Syneron Medical/ELOS -- a reluctant inclusion
Timberland/TBL -- see archives
Urban Outfitters/URBN -- arguably the leader for stock performance among the specialty retailers
Whole Foods Markets/WFMI -- Price is immediately beneath its all time high; potential short term base.
(I might lose interest in any one of these opportunities -- or add new ones.)
And for those who like to hedge their longs with a few shorts, I would monitor the homebuilders, which might have put in their high trade, and now build a top -- or a base. Only the passage of time, and the subtle clues of course, will tell the tale.
Please share your questions, comments, and recommendations. (The last, with rationale included.)
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