One New Speculative Featured Swing Long, Six New Very Speculative Swing Longs, And One Stock I Am Adding To My Existing Position

new speculative Featured swing long: EDGW

EDGW is breaking out from a cup with high handle pattern, on very strong volume. This stock has been in a nice solid uptrend for years, with plenty of accumulation, low volume pullbacks, and max green BOP along the way. In April of 2006, the stock started a pullback on lower volume. Around July activity got really wild but the stock still managed to find a bottom around then. After climbing up off the bottom, the stock started to advance more rapidly in January with volume really picking up into February with BOP staying well above the zero line and in the green zone most of the way. This month, the stock started to form a base on very quiet trade that led up to today. Today’s breakout on a surge in volume and BOP, along with the overall pattern, makes this a pretty chart. The fundamentals are very strong, with EPS growth between 60% and 600% the past eight quarters and sales growth between 30% and 135%. The only problem is that it appears funds are not interested in this stock as the fund ownership has not increased in a year. This stock would be good for newbies, besides the low volume. However, because of the lower volume, this is not the best stock for those who can not stand pullbacks. Cut your loss w/ a close below 7.67, if the stock does not move up immediately from this breakout.

new very speculative swing longs: MCZ LMRA INS BJCT JOB CIMT

MCZ is bouncing right off the 50 dma, on strong volume. This stock has been in a nice steady uptrend since the July lows. The November breakout came on a huge surge in volume with BOP racing to the max green area and staying there for almost a month. After another light volume pullback, the stock jumped again in February on another surge in volume and BOP. Then after this most recent pullback, you now have this bounce right off the 50 day moving average. Today’s bounce on a surge in volume and BOP back to the green area, along with the action in the stock since July, makes this a very nice chart. EPS has grown 150% and 600% the past two quarters, but sales growth is horrible and volatile. There is no interest in this stock by mutual funds and there should be little interest by all newbies in this stock. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on this bounce immediately.

LMRA is bouncing off the 200 dma and breaking out above the 50 dma, on average volume. This stock started a massive move in October on HUGE volume and with BOP going max green. After a month of rallying on big volume and max BOP, the stock started pulling back. It has been doing that the entire way, on very low volume, except in Feb and early March where it had big surges in volume at support. The move in February appeared to be the start of the next leg up. It was not. This pop appears to now be the one that will lead to a rally. If the chart fails here, you can probably write this stock off for good. The best part about this stock is the BOP. BOP has been green everyday, except five days in January, since middle November. Today’s bounce off the 200 dma and through the 50 dma, along with all this green BOP, makes this a very pretty chart. However, the fundamentals still are very ugly. EPS is still red, red, and more red. But the sales is growing between 51% and 383% the past seven months. Still the sales are so low that it is easy to have huge jump in sales with just a little bit of growth. This stock is not good for newbie emotional traders because it has a recent history of failing its other bounces, the stock is extremely risky, and the EPS is horrible. Cut your final loss w/ a close below the 200 dma, if the stock does not follow-through immediately on this bounce.

INS is bouncing off the 50 dma, on very strong volume. This stock has been in a nice long rally since the July/August lows that has seen the uptrend littered with accumulation and low volume pullbacks. BOP has been max green almost the entire way, besides two red periods where price barely declined, showing steady systematic accumulation to go along with the big block buys. The pullback that started in January started on low volume but by March TONS of volume started to come into this stock right at the 50 dma. We know it was accumulation because there are bullish intraday price reversals every single day during the high volume bounces off the 50 dma. BOP even moved back to max green while that was happening. Today’s breakout on a surge in volume, along with all the green BOP and accumulation, makes this a pretty chart. However, that is all we have here, as the fundamentals are atrocious. This stock is very green but still is not recommended for newbies, due to its low average daily volume and horrible fundamentals. Cut your loss with a close below the 50 day moving average, if the stock does not follow-through on this 50 dma bounce.

BJCT is bouncing off the 50 dma, on strong volume. This chart is pretty ugly until you get to the month of October. So we won’t focus on anything before October, for this analysis. In October, this stock, bounced on HUGE volume with BOP going green. The stock then leveled off and came back down in December. Then the stock started another uptrend with volume coming in and BOP going max green in January. After another quiet consolidation, the stock started back up in early March with BOP going green again. After this quiet consolidation, the stock is now bouncing on a surge in volume with BOP getting closer to the max green level again. This bounce, along with all the green BOP and accumulation, makes this a very pretty chart since January. The fundamentals are nasty, with EPS nothing but red for as far back as the eye can see and sales simply going nowhere. This is strictly a play on the chart and therefore is not a good long for new emotional traders. The low average daily volume and the horrible fundamentals are good enough reasons for the inexperienced to stay away. Cut your final loss w/ a close below the 50 dma, if the stock does not follow-through immediately on this bounce.

JOB is bouncing off the 50 dma, on very strong volume. This stock has been in a steady uptrend since July with heavy accumulation and low volume pullbacks. The stock has been on a bit of a roller coaster ride but in late January this stock broke out on such huge volume and max green BOP that it became obvious someone is now buying this stock. After that gap up, the stock has pulled back on very quiet volume, with it really drying up here at the end. The BOP was pretty nasty but the low volume and the fact that the stock held up amongst the systematic selling is bullish. Today’s bounce on a surge in volume with BOP bouncing back into the green makes this an OK chart. The fundamentals are mixed, with EPS putting up 60% to 200% growth the past three quarters but sales are not going anywhere for the past eight quarters. Funds also don’t appear too interested as the past year there has been no increase. Maybe next quarter but until the numbers come out we will not know. This stock is definitely not for anyone. This is the worst stock out of the group tonight and will be a very very tiny position. We are talking only a few hundred dollars. Cut your loss w/ a close below the 50 dma, if the stock does not follow-through on the bounce off the 50 dma.

CIMT is breaking out of a short flat base, on huge volume. This stock exploded on HUGE volume this March, with BOP going max green. Since then it formed a very flat base with volume drying up as the base moved on. BOP continued back to the max green area, during the base, adding to the beauty of the chart. Back in May to July, when the stock barely traded, BOP went through two max green periods that help make this chart a lot nicer than what it would be without that on the chart. The powerful breakout today, along with all the green on this chart, makes this a very nice chart in the short term. EPS grew 132% this quarter and sales grew 11%. The strong quarter was a pickup from the previous quarters. This stock is in no way shape or form a long for newbie emotional traders. The poor history of the fundamentals, the extremely risky nature of the daily range in this stock, and the low average daily volume makes this a horrible stock to trade for newbies. Cut your final loss w/ a close below the 2.38 level, if the stock does not follow-through on its breakout immediately. Oh yeah, once again, this is only going to be a few hundred dollars. Only trying to pay the rent or lose 1/4 of it on this one.

adding to my existing speculative position: APFC

APFC is bouncing off of support near the 50 dma and the pivot point area of the early March breakout, on very strong volume. This bounce/breakout comes after a very low volume base was just formed with BOP staying green during the consolidation. The uptrend that started in January with all the accumulation and green BOP makes this a very pretty chart. The fundamentals are showing growth in EPS and sales but it is still a bit choppy. The EPS gained 182% the most recent quarter and sales have been growing between 63% and 241% the past four quarters. So even though this chart is very green and pretty, the poor EPS and low average daily volume, still makes this a riskier pick for newbies. However, this chart is nicer than most of the new longs. Cut your loss with a close below the 50 day moving average, if the stock does not continue to breakout/bounce immediately.