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Art
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ART'S PICKS - OVERSOLD STOCKS THAT COULD MOVE UP SOON

May have to hold for more than a week to get benefit. Listed at interest price for buy consideration. Low interest price means the price is above recent support and may well drop to that support point. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

2/9

DRCT 31.9
DTAS 9.7
ERJ 28.4
GRB 7.45
LENS 6
LVLT 5.1
MRBA 5.5
PRGX 4.14
SCLD 3
SMSI 2.2
USFC 33
VITR 6.95
VWKS 3.96


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azircon
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I have found 206 oversold stocks for Monday! You guys trade oversold stock, so just curious if you have similar results. Looks like this is due to recent pullback of the general market. Any thoughts on this, may be lots of these are false signal, may be lots will be very good buying opportunity. I think we are at an interesting pivot point of the market.
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grjohnso
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WOW, lots of good ones this time.

The safest ones are:

LVLT
VWKS
SMSI
MRBA
These may take even a month to see best returns. Buy and hold for at least a month.

also:

Watch PRGX to break its downtrend. If it does you can expect 50% returns if you get in early.


Thanks Art,
Greg


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Art
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Thanks Greg for your valuable input.


Let's all make some money - sex change operations are expensive!


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TraderTom
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Here's my 5 cents worth of comments:

DRCT: I'm worried about the brief rally (short squeeze) to 32.6 on Friday - price returned right back to where it was before the rally. Reduce the likelihood of a breakout, IMHO.

DTAS: I like it

ERJ: Looks like it switched to downtrend for a while. Reward seems limited by resistance at EMA20 & EMA50 at 30.7. I would consider shorting at that level.

GRB: I like it also. Intraday chart looks like it may break through 7.5 any time.

LENS: I like it a lot, although it's a falling knife entry. Somehow, it just seems ready for a bounce, esp. if the market is up on Monday. There must be plenty of stops just above 6.10. I'll consider an entry on Monday.

LVLT: May continue to rise, but I'm less convinced than for LENS.

MRBA: Looks like it found support at the current level (right where the prior rally took off). I'd say it may take another day or two to take off.

PRGX: Very risky entry right now - it's drawing a descending triangle on the intraday chart with support at 4.15. A breakout to the top is possible, though, especially if the overall market is strong, and probably would cause a lot of short covering.

SCLD: This one has a pretty good chance of falling a little more, IMHO. It crashed through the MA200 & 50% fib all at once, and the next solid support is at 2.7-2.8 (62% fib). Also, Friday low was lower than Thurdsday low, and volume hasn't risen that much yet.

SMSI: Came up one of my screens also. It seems well positioned to bounce off the lower BB. I'm confused by Thursday's candle though, since it extends so far up - perhaps the MMs took out stops, in which case SMSI may drop further.

USFC: finished a 3ple bottom on the intraday chart, and looks ready for a good bounce. May buy on Monday.

VITR: Another great fine, Art. If it stays above 7.0 on Monday, it managed to break out from its downtrend. Strong support at 6.7 .. may also buy on Monday.

VWKS: Didn't manage to break through 4.0 last Friday despite the buying pressure. I'd watch it.

Thanks again for posting all your screens, Art, I learn tremendously from them!

Tom


Posts: 323 | From: Honolulu | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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