Been getting some questions on Twitter about some of the longs I’m following and considering to buy. I am in search of leadership folks, so none of these stocks have the attributes of a relief-rally play (you won’t see a DRYS or an ARTC), they are simply just good looking stocks. I rarely recommend any longs, and when I do, then usually it’s no more than 5 out of a select basket of 20 stocks I follow. For now, the list is small, but I hope to build it a little more. I think most of last year I only recommended one long with zeal and passion… AFAM. And I will continue to use the pattern in AFAM as something to guide you through finding leadership stocks.
As you can see, I haven’t got up to 20 stocks yet, but I did find more long candidates faster than I thought (starting from this post: http://ibankcoin.com/gioblog/?p=2628). Must be due to all these false open-bar tails in the market (every dip since November bottom is being quickly bought. Remember, this happened since Vix dropped below 60, and the market became “different” as no bad news could knock it down).
China Sky One Medica (CSKI)- I’m liking the accumulation on this stock, but would wait for a signficant pullback before entering. Today we hit a new 52-high! In fact we almost hit $20!
California Water Service (CWT)- received the pullback we expected. It got downgraded today, so let’s buy this dip soon.
Eldorado Gold Corp (EGO) – right now I’m short this stock on a pullback, but it’s the only gold stock I want to own when I get the chance. Waiting for sub 7 to get in.
NCI Inc (NCIT) – expecting this to trade similar to CSKI. Going with this with a “All dips should be bought” mentality.
And that’s it! I only have 4 stocks so far on the long side, versus about 30 stocks setting up to short. As long as that shows up on my scans, I cannot get long aggressively, and am now net-short.If you enjoy the content at iBankCoin, please follow us on Twitter