PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Thu: Buys SMH PSFT EMRG ALAN ABX WYE UNP KKD Sells OEX EBAY

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Top Stock Picks
View previous topic :: View next topic  
Author Message
arthur
Guest





PostPosted: Wed Aug 18, 2004 2:54 pm    Post subject: Thu: Buys SMH PSFT EMRG ALAN ABX WYE UNP KKD Sells OEX EBAY Reply with quote

Thu: Buys SMH PSFT EMRG ALAN ABX WYE UNP KKD AEM RMBS MYL SYMC Sells OEX EBAY DIA QQQ

SMH is still relatively undervalued. So, I may buy SMH Jan 30 or 32.5 calls on dips, in case the market continues to rally. PSFT has the potential to rally huge on a court ruling in late Aug or early Sep. EMRG and ALAN are small volatile stocks that often move independently of the market and are currently at low levels. ABX is a relatively undervalued gold stock. WYE is fundamentally undervalued, because of its strong drug pipeline (when the outcome of the election becomes more clear, large cap drug stocks may rally). UNP is an undervalued railroad stock. KKD may be more risky, since it can move big either way. OEX Aug Max Pain is 530. Perhaps, Sep puts are a buy. EBAY recent resistance is around 80 and if the market continues the downtrend, it may fall to 70, a major support level. DIA and QQQ may be excellent to hedge SMH. Added AEM RMBS MYL and SYMC. AEM is another undervalued gold stock. RMBS and MYL will receive court rulings later this year, which may move the stocks big (to the upside, since they're already beaten down). and SYMC is a competitive retail franchise creating a bullish flag (at least so far).
Back to top
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Top Stock Picks All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002