Glennbo's Stock Picks Thread

[Glennbo]

If you have any stock market picks, here is the place for them!

I haven't been posting much lately because for the last three months I've been obsessed with learning about stocks, mutual funds, ETFs, and so on. I've read over twenty books on the subject, and am self-educating myself about something that four months ago I was totally ignorant about. I didn't even know the difference between stocks and bonds.

I've spent four to six hours every single night after work (except my day off for ASL) screening stocks, learning about the market, about options trading, fundamental analysis, technical analysis, candlestick chart reading, theories of Warren Buffet, Peter lynch, John Neff, John Templeton, and on and on.

I've enrolled in the 401(k) at work, and chosen seven mutual funds to invest in, including my personal favorite star performer, Oakmark International. I've opened an online brokerage account with Zecco, and made my first purchases.

I now feel like I can share some of what I've learned, and because I love you guys so much I'll let you ride along on the Glennbo wave to riches by offering my best picks for stocks.

I believe we're in for an extended bull market, and that the European "crisis" is overblown.

Just a quick aside. I'm kind of poor right now. So I have only been screening stocks that are inexpensive ($2-$8 a share). However I have also glommed onto some good picks that I hope to buy soon that are more pricey.

Here are my first two stock purchases, and my analysis of each:

Osiris Theraputics (OSIR)
Purchase price on 02/21/11 was 4.97 (unfortunately bought at five day high, ugh!)
Type: Small cap growth.
Sector: Healthcare
Industry: Biotechnology
Stem Cell research and bone regeneration.
Company is coming around and finally getting good numbers. Technical analysis indicates a rise of $1-$2 a share in the next 1 1/2 to 2 months. After that a retracement of $1 per share. So sell at peak. Fundamental analysis is fair to good. Uptrend began about two weeks ago.

Alcatel-Lucent (ALU)
Purchase price on 02/21/11 was $2.58 a share.
Type: Mid-cap value.
Sector: Technology
Industry: Communication Equipment
This baby is at the bottom of a bad run. But the company is in the begining stages of a real turnaround, and share price will rise $3-$5 a share in the next nine to twelve months. Uptrend has already started a month ago. Technical analysis indicates a gradual price rise with few retracements. Fundamental analysis is somewhat poor right now, but getting better all the time.

The following stocks are on my "watch list", and I'll be buying some with my tax return. They are all at relative lows and good bargins. Fundamental analysis is good on all, and technical analysis indicates a price rise soon (some have already begun to uptrend):

Diana Shipping (DSX) $9.22 per share. Shipping of iron ore and steel.

Nevsun Resources (NSU) $4.27 a share. Gold and copper mining.

Crawford & Company A (CRD.A) $3.60 a share. Insurance.

Portugal Telecom (PT) $5.38 a share. Largest wireless provider in Portugal.

Daqo New Energy (DQ) $3.31 a share. Chinese silicon chip manufacturer. I'm wary of the fundamental analysis numbers because they are just too good to be true, and Chinese stocks have been known to fudge numbers. Still might be worth a chance.

Sutron Corporation (STRN) $5.40 a share. Hydrological testing instruments. Weird little, stable company.

And now for my "want to own but can't afford" picks:

United Theraputics (UTHR)

Applied Materials (AMAT) At $12.83 per share just out of my reach.

I only buy 100 share blocks because I'm particular that way. I intend to begin Options Trading sometime in the summer (it's a little scary!).

What are your thoughts about the market or stock/mutual fund picks?

[Glennbo]

A word about the type of investor I intend to be.

I will be screening stocks using fundamental analysis, but relying heavily on technical analysis to trade in and out of the same stock within relatively short time spans (one to three months, maybe even within a week).

I am not presently a "buy and hold" investor.

The "Ultimate Goal" is buying then owning Hasbro, taking complete control of ASL, and having it taught in public schools everywhere. But one step at a time. The "Bottom Up" approach is not working. So the "Starting at the Top" version is now the default choice.

[Glennbo]

Yet again one more thing.

I have also (and first and foremost!) collected and saved one month's living expenses in silver coins as a last ditch reserve. And two month's living expenses in cash for emergencies. And of course several quality firearms with plenty of ammo (I won't even get started on the water and food storage).

These are an important "base" to go from when risking money in the market.

Now let's get rich!

[trevpr1]

Gambling now Glenn?

[Glennbo]

Gambling now Glenn?

You can cut risk by placing Stop Loss orders with your broker. You sell immediately when a pre-determined low threshold is reached.

As long as the commission is low you can party down on the stocks BABY!

And to quote the great late Harry Nillson, "Life is just a gamble... gamble if you want to win." End of story.

[Morbii]

Glenn, isn't your time better spent practicing for the zombie apocalypse?!

[Glennbo]

Glenn, isn't your time better spent practicing for the zombie apocalypse?!

I'm sorry, but the stock market is only what matters now.

Zombies are all very well, but I'm talking about something real that can make a big difference RIGHT NOW in your pathetic little lives.

[62nd Army]

Glenbo

When is ESG going "public", that IPO should be huge!! I want in on the ground floor with that one. Just think in a short while Glenbo will be on stage (like the late Steve Jobs) in full Glenbo attire, an ASL T-shirt and hopefully pants.

Glenbo, where can I find the ESG annual company report on-liine?

Warmest Regards
Bernie Madoff

[MajorDomo]

I like the one month silver reserve idea.

Used to do the same thing you are doing, but due to age and fixed income, needed to become more conservative.

Didn't find much value in technical analysis as a reliable predictor, fundamentals and market position seemed better for me, YMMV.

Rich

[RobZagnut]

My father and sister only buy and sell Microsoft. It bounces up and down like a rubber ball. For instance, they buy $10,000 at $25 and then when it hits $26.50 they'll sell. They wait for it to go down to $25 then do it again.

My parents are in Hawaii for two weeks on the money my dad makes from Microsoft. He's been doing it for years. My sister has been doing it for a couple of years after she watched what he's been doing. I might try it, but I spend too much time here to get serious about keeping up with the market.