AKS, ANGI, GLUU, ZNGA – Best of breed. These ideas I really like but have climbed too far way from an oversold condition for me to buy here, so we’ll keep them on the master watch list for now.
CWCO – Story stock. Starting to come in for us, let’s watch and see how it handles this $11 support and consider a starter entry.
LQMT – Story stock. Started off hot +15% but dipped after another dull earnings report. Earnings has never been a driver for Liquidmetal so it’s to be expected. I plan to add more shares in the coming weeks, hopefully around $.10 if it comes in some, though I’m fine adding more at $.13 if it doesn’t.
SD – Best of breed. Continues to trade weak as the company has fallen on hard times. This is the core strategy behind best of breed, scooping it up at a discount until the company recovers. So for now, despite the mixed earnings and subsequent antitrust news, I still plan to ride this trade for the long term. If shares base above $1.40 I’ll probably stick to the plan and pick up 5,000 more shares soon.
Here’s this week’s ideas.
SONS – Best of breed. Added Sonus Networks to the master watch list. Coming out of oversold, lots of cash and no debt so they should be able to turn these hard times around. A move back into the gap could deliver a nice 30 – 50% return.
AUY – Best of breed. Added Yamana Gold to the master watch list. Gold appears to have found a bottom and AUY is trading significantly lower than its book of $7.68. With a multiple bottom around $3.60 I’m interested in starting in soon.