As you may have noticed that I have been unable to update this blog regularly due to other commitments. I was expecting 880 to hold and am still neutral until we close below 880 on a weekly chart. The break of 880 should bring in many sellers that could take us down to 800 (best case) and 600 (worst case).
It is almost impossible to figure out what the market will do on a day-to-day basis. Personally I feel that we have seen the bottom but I have been wrong many times. Here are few stocks that showed up on my scans. These stocks are selling at a significant discount while their revenue and ROE are still good. I consider these to be value stocks that should rebound very nicely if the market shows some strength, in addition to that these stocks are selling at less than their book value which provides a margin-of-safety.
FVE: $1.90
PRGN: $3.39
ATPG: $5.38
MTXX: $5.64
TBSI: $6.77
SUNH: $9.22
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2 comments:
After many of days of no UPDATE, it feels nice to get a new post from you.
Yes, the market has been too difficult to figure which way it is moving.
I like your picks from today again.
due to last few days of sell off, the h&s pattern on spx just got confirmed and i think we will see 820 on s&p for short term.
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