Shrewd Investing

[Shrewd Dude]

Our Top 50 Watch Stocks – August 06, 2004 – updated daily

While oil prices have continued to hit new highs, for the moment U.S. stock futures are indicating a flat but positive opening to today’s trading. While from this level a technical bounce could be expected much will depend on the unemployment data for June that will be released prior to the bell. Also bear in mind that and any recovery may not be sustainable as we move into the weekend and with the Olympics (security concerns) just a week away.

Our investment tip would be to select your own manageable level of watch stocks, get to know how they perform and then watch them carefully to ensure that you catch the eventually rebound.

Today’s Additions: VISG
Watch Stocks: CORI; LSCP; PACR; RDWR; EFII; CYTK.
Possible Trend Reversals: EVCI; SWW; HELX; AMCC; SANM; SWKS; CREE; AGRa; PETS; IVAC; LSI; CMGI; SGTL.
Failures: PTIX; MVL; OVTI; UTSI; TKO; ALVR; STKL; EBKR; DSPG; ARTX; DRIV; ARRS; HILL; MOSY; RETK; ROG; IDEV; SONSE; WGAT; ANDW; MSPD; IDWK; CGNX; PLXT; BKHM; SSTI; MAMA; WEBX; CNXT; JCOM; IWOV.
Deletions: VDWB (small caps increasingly out of favor)

Useful Links
1. AM Market Call from CNN: http://www.shrewdinvesting.com/links2.asp?LinkId=292
2. Pre-market activity: http://www.shrewdinvesting.com/links2.asp?LinkId=806
2. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755

Trade to Win

The Shrewd Dude

Notes
1. Watch Stocks are not stock tips but stocks that we have selected to monitor for a trend reversal. While selected stocks will therefore show considerable volatility they should provide many trading opportunities.
2. Possible Trend Reversals are previous Watch Stocks that we believe have significant potential and could be at the initial stage of an upward trend.
3. Failures are stocks that we continue to like but the trend reversal may be erratic or have broken down.
4. As a rule of thumb a movement of 2% (can be over one or more days) is required for a stock to move between the above categories.
4. Deletions are stocks that are being removed from our Top 50 Watch Stocks to make way for new additions and their deletion does not mean that we feel they lack further potential.

IMPORTANT: Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before placing an order. Please remember the old saying that amateurs trade the open while pros trade the close and that as a rule you should not chase after a stock nor should you fall in love with it. Also while all stock picks are subject to our disclaimer, Penny Stocks, particularly where trading volumes are low, can and will have greater price volatility. Remember, if trading was easy, everyone would be doing it and everyone would be rich.

Disclosure LONG: n/a