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I have 26 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #1
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,911

    Default Billyjoes Top 10 Cheap Stocks

    Webs and Jiesen have convinced me there's money to be made in lower priced stocks if you pick wisely and set your stops. I've been running screens for a few hours and tabulated the results manually to come up with a top 10. I even took a peek at the charts. In some cases it came down to my evaluation such as what is better a ROE of 30 or a increase of sales by 100% last quarter. I tried to screen for the top 32 in each screen (the number of lines on my paper) but sometimes the numbers went bad after 10 or 15. Some of the screens : EPS , sales increase , ROE , Relative strength , Pre-tax Margin , Accumulation.

    Stocks were rated as to how many screens they rated 1st or 2nd in the group. Some familiar names showed up along with a few I've never heard of. After narrowing it down to 10 , I checked Yahoo's top 10 which they get from a source that will remain unnamed. We have 2 picks in common. Their #1 and #2 are my #7 and #8. Checking Mr.Markets Veterans Day dump , I'm happy to find 4 of my 10 : AOB LPSN CBIZ and IFO . Spikes list of awesome bullish charts has MIG which is also on my list. I'll try to update this weekly. Please feel free to make comments or question any of the picks especially if you disagree. This is an experiment. Presently I don't own any of these.

    Week Starting Nov. 14th 2005 Top 10 Low Priced Stocks

    1. AOB 7.34 chinese herbal medicine health food supplements

    2. LPSN 5.12 online software sales customer support

    3. COGO 6.40 chinese manufacturer LED camera mobile handsets

    4. HOM 5.76 home restoration after floods wind damage

    5. IFO 9.59 wireless handsets U.S. and Mexico

    6. GROW 7.39 investment advice record keeping mail distribution

    7. ERS 9.74 semi finished aluminum products for auto and home appliances

    8. ENG 6.19 engineering consulting elecrtrical power systems

    9. CBIZ 6.17 accounting tax advice

    10. MIG 6.04 property and casualty insurance


    Spike, New-born , Runner feel free to technically analyze these.

    billyjoe
    Last edited by billyjoe; 11-12-2005 at 08:12 PM.

  2. #2
    Join Date
    Sep 2003
    Posts
    4,778

    Thumbs up

    Excellent work, Billyjoe!

  3. #3
    Runner Guest

    Default

    Interesting looking stocks Billyjoe!

  4. #4
    Join Date
    Apr 2004
    Posts
    7,173

    Default

    Good stuff. Another cool thread I'll be interested to see how it goes. What will be your entry exit rules?

    At first glance, my favs are MIG HOM LPSN AOB in no particular order. As I posted before somewhere ERS weekly looks good short, as does GROW (upper weekly profit-taking tag last week) and IFO is a bubble waiting to top out and drop for a 4 correction, and maybe a 5th up to new highs or truncated that will fail and gap fill!

    Good luck.

  5. #5
    Join Date
    Jan 2004
    Location
    Blue Ridge Mts....
    Posts
    3,662

    Default

    Are any of these gonna be your contest pick?
    BEEF!... it's whats for dinner!

  6. #6
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,911

    Default

    Spike,
    Entry/ exit rules will be kept simple. All will be purchased at opening Monday with 7% stop loss . If they drop out during the week a replacement will be chosen based on next screens run on Saturday. Some will return the next week , many will fade away forever. Trailing stops have not been determined yet. A stock that reaches $15 will be sold and enter the "cheap stock" hall of fame . I hope some make it. Will try to start each week with 10 stocks.

    billyjoe

  7. #7
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,911

    Default

    Allright IIC has 3 of my picks : AOB IFO and ERS on his MOMO list. This gives me some added validation that these are mostly not just pulled out of left field.
    Well , maybe a couple are.

    billyjoe

  8. #8
    Join Date
    Sep 2003
    Location
    TONAWANDA N.Y.
    Posts
    1,215

    Thumbs up

    Billy look what you started now SUPER I don't think I'll have time to shovel snow this year following you Lye and Spike.
    Ray Long

  9. #9
    Join Date
    Oct 2003
    Location
    Syracuse
    Posts
    389

    Default I'm always looking for new ideas.

    Thanks for this list.
    I have owned AOB since july 21 ( 1.98 ) and HOM since aug 16 (2.63) . I have successfully traded both several times .So I looked into the other 8 , my favorites are ENG and MIG . I may buy one /both this week,. Im trying to figure why ENG has dropped from 9 to current level in 2 mos. I welcome any thoughts or arguments against these choices.

    Thanks again for a good thread.

  10. #10
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,911

    Default

    Grebnet,
    Two possible reasons for ENG's drop. On Oct.3rd when share price was around 8.25 they sold 2 million shares at 7.00 to an investment group to raise funds for future accuisitions and to eliminate interest payment on old debt. At the same time the CEO , Chairman , and other top officials also sold 960,000 shares privately for 7.00 .They agreed not to sell any more shares for atleast 90 days. These sales amounted to over 11% of their total market cap. Also , a week earlier some of their office facilities were severely damaged in Texas by Hurricane Rita or was it Katrina. They did have a good earnings report since , but shares have yet to recover. How did you happen to spot both HOM and AOB so early ?

    billyjoe

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