I try to make sure I review all my stocks at least once a week. I also try my hardest to be disciplined and not fall in love with any stock or needlessly hope for a rebound. My trigger points of concern are a Trend Spotter sell signal, a drop below 10% of its most recent high and/or continued trading below its 50 day moving averages. Any one signal can cause a concern and I might sell but if all 3 are there then its almost a no brainer; that the stock is a loser. My last step is to review the chart before I make my final decision.
On the other hand, this isn't a perfect world and sometimes I miss noticing my trigger points. Even worse I put in a Market Good Till Cancel and almost immediately after its executed the stock rebounds. At other times, the stock is so thinly traded at all my order can't be immediately executed and the stock tanks while my executions come dribbling in. Such is life in the big city.
On Saturday I placed Market Good Till Cancel orders on these stocks in the
Barchart Van Meerten Speculative portfolio and my executes are dribbling in:
Cell Therapeutics (CTIC),
Glowpoint (GLOW),
Anooraq Resources (ATL),
America Realty Investors (ARL),
Gravity Co (GRVY),
Hill International (HIL),
North American Energy Partners (NOA),
Energy Recovery (ERII),
Sypris Solutions (SYPR),
Inventure Foods (SNAK):
NOTE: Some of these stocks moved yesterday and this morning before I could get this article published
Cell Therapeutics (CTIC)
Barchart technical indicators:
- 56% Barchart technical sell signal
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 35.53% off its recent high
- Relative Strength Index 46.39%
Barchart technical indicators:
- 88% Barchart technical sell signal
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 32.02% off its recent high
- Relative Strength Index 42.82%
Barchart technical indicators:
- 96% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 42.62% off its recent high
- Relative Strength Index 21.16%
Barchart technical indicators:
- 67% Barchart technical sell signals
- Trend Spotter buy signal
- Below its 20, 50 and 100 day moving averages
- 40.58% off its recent high
- Relative Strength Index 42.90%
Barchart technical indicators:
- 80% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 37.98% off its recent high
- Relative Strength Index 39.23%
Barchart technical indicators:
- 64% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 25.76% off its recent high
- Relative Strength Index 38.11%
Barchart technical indicators:
- 40% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 12.59% off its recent high
- Relative Strength Index 33.76%
Barchart technical indicators:
- 80% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 25.89% off its recent high
- Relative Strength Index 39.36%
Barchart technical indicators:
- Barchart technical hold signals
- Trend Spotter hold signal
- Below its 20 day moving average
- 19.23% off its recent high
- Relative Strength Index 50.94%
Barchart technical indicators:
- 48% Barchart technical sell signals
- Trend Spotter sell signal
- Below its 20, 50 and 100 day moving averages
- 21.72% off its recent high
- Relative Strength Index 45.87%
I may not be right in all cases but I hope you can see that these stock were not adding any value to my portfolio.
