May have to hold for more than a week to get benefit. Listed at interest prices (estimated short term support level). Need to watch to determine best buy price. Actual buy price will depend on stock behavior and market conditions at the time of buying. Check news, etc. before buying.

Tuesday's picks:

3/2

GTCB 3.1

PLUG 7.2

PTIE 6.99

SYNC 3.25

TSAI 18.41

quote:

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Originally posted by DENSKIJR:
Art,

What do you think of SCON afterhour trades and your oppion on there earnings to me it seems oversold to the extent that even if you wanted to go long on this for this year would be a good investement at these prices what do you think? I think it will trade back in the 4 dollar range soon but it may take a month or so. hmmm decisions decisions

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Earnings too low. Taking it off of my pick list.

May be good to buy in a few weeks.

Yeah I've changed my stratagy in tring to catch falling knifes. I think its better to start to see a rebound first before entry. Well at least that is my plan=-) thanks for your imput and all who post there opinions =-)

Three past picks of yours that are still oversold, but seem to be close to reversing:

INVX - is now trading at the 62% fib of the large move since Oct. 02 - seems to find support.

WEDX - you recommended it as a LT play a few weeks ago; trades even lower now.

BFT - Shows some signs of improvement, but it still seems weak

BTW, I had the idea that the number of picks on your list might be a good general market indicator: the higher the number, the more oversold the market is, and vice versa ... what do you think?

quote:

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Originally posted by TraderTom:
BTW, I had the idea that the number of picks on your list might be a good general market indicator: the higher the number, the more oversold the market is, and vice versa ... what do you think?

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Absolutely. Market has bounced back Monday and there are less oversold stocks Tuesday.

Thanks for recommending a hold on SCON currently tanking to 2.25 I think a watch and see what happens over the next few weeks is a good idea.

Have a great day