USHS - this is from my just listed analysis and as one reader suggested (George?) I may have tried to catch a falling knife. It ended up down 13%. I'd have rather bought it cheaper, but I still like the company. I have a year, just am starting in a hole.
Even with the blistering of USHS, my portfolio was down a liveable 0.28%. Largely due to two stocks:
True Religion and
Value Line
TRLG was up a snappy 10% as they were upgraded, which surely toasted some shorts. While I don't get excited about upgrades or downgrades (I'd rather let the #s speak for themselves) I did like what the analyst said:
"Our faith has been renewed in this global growth story as we believe management is executing on key priorities," Lakner wrote.
Lakner said True Religion's new design team is helping the company expand outside its namesake denim business.
"The non-denim product, which we felt was lacking before, now looks much improved for spring 2008 and we think that this part of the business can begin to expand significantly beginning with spring 2008 orders," Lakner wrote in a client note.
I wonder if he used the word "faith" intentionally?
Then VALU shot up 9%. At one time it was up over 13%. It is a lightly traded stock, about 6,000 shares per day. Today though, lots of buys with over 46,000 shares being traded. No clue as to why it was up, but this stock was around $41 a share just 3 weeks ago and is now almost $50. But it has traded as high as $58 in past 52 weeks.
Why the swings? As JG asks (and I paraphase) is Value Line worth less than it was 6 months ago? Is it worth more than it was 3 weeks ago? Or does the market just go nuts from time to time? I think the same can be said of USHS from the 1st paragraph. The market just goes nuts at times.
Finally a plug for my stock picking contest:
Last week to enter. Contest begins next Monday and late entrants will not be permitted. We have over 30 entries so far. Contest is to pick 15 MFI stocks at roughly $10,000 per stock. Have to buy and hold for a year. Instructions at the VSE to drop me a line if you enter and I'll add you to email list so we can trade ideas and harass one another. There will be a prize for the winner and I will ask winner to share how he/she selected the stocks.
MG
Use the information and directions below to join the game.
Game ID: MFI_Contest
Game Password: greenblatt
- Open this link and read the competition summary:
http://vse.marketwatch.com/Game/StartViewGame.aspx?id=MFI_Contest - Click on the 'Join Game' link.
- If you are an existing Virtual Stock Exchange member, enter your Email address and Password in the login panel and get set to trade. If you are a new user, follow the link to register - it's easy!
- Follow the instructions and start trading!
Join now, and see if you can win my MFI Stock Contest competition! The more participants the higher the level of competition. Can you master the market?
BTW, people are allowed to pick stocks that have been on MFI lists in June (will anyone pick VSE because contest is on Virtual Stock Exchange?). here is a list of many eligible stocks (though not exhaustive):
| ABC |
| ACN |
| AEO |
| ALOY |
| AMAT |
| AMED |
| AMEN |
| AMSG |
| ARDNA |
| ASPV |
| ATRM |
| AVCA |
| AVCI |
| AVR |
| AXCA |
| BBSI |
| BBY |
| BEBE |
| BJS |
| BPT |
| BVF |
| CAW |
| CHCG |
| CHKE |
| CLHI |
| CMTL |
| CONN |
| CRAI |
| CRWS |
| CRYP |
| CUTR |
| CVCO |
| CXR |
| DBRN |
| DGX |
| DLX |
| DPZ |
| EFX |
| EGLT |
| EGY |
| EPIQ |
| FCGI |
| FDG |
| FMXL |
| FRX |
| FTD |
| FTO |
| GCI |
| GIB |
| GLBL |
| GNI |
| GW |
| HAS |
| HBMFF |
| HDIX |
| HLF |
| HLYS |
| HOC |
| HOG |
| HRSH |
| HSII |
| HURC |
| HW |
| IBIN |
| ICFI |
| IPSU |
| ISNS |
| IVAC |
| JAKK |
| JRC |
| KFY |
| KG |
| KSW |
| KSWS |
| KYCN |
| LNCR |
| LRCX |
| LRW |
| LXK |
| MDP |
| MEOH |
| MM |
| MOCO |
| MRO |
| MSTR |
| MTEX |
| NATH |
| NOOF |
| NPLA |
| NUE |
| NXG |
| OFI |
| OPMR |
| OVTI |
| PACR |
| PALM |
| PBH |
| PCU |
| PDII |
| PDS |
| PMD |
| PMTI |
| PNCL |
| PPD |
| PRZ |
| PTEN |
| PWEI |
| RAIL |
| RHI |
| RNO |
| ROK |
| SCSS |
| SHOO |
| STEC |
| SUPX |
| TBL |
| TBV |
| TCK |
| TGB |
| TGIS |
| THE |
| TRLG |
| TSO |
| TZOO |
| UCLP |
| UEPS |
| UG |
| UNTD |
| USHS |
| USMO |
| USNA |
| USPH |
| UTMD |
| VALU |
| VGR |
| VPHM |
| VRGY |
| VSE |
| VSNT |
| WDC |
| WIRE |
| WMCO |
| WNR |
| WON |
| WPCS |
| WSTG |
| XJT |
| XOM |
| XRTX |
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