Shrewd Investing

[Shrewd Dude]

Our Top 50 Watch Stocks – August 09, 2004 – updated daily

World markets are down heavily today playing catch-up with the U.S. which saw stocks fall quite dramatically Friday on much worse than expected payroll figures.

For the moment U.S. stock futures are indicating a flat opening to today’s trading but in view of increased fears for the World economy, unless we get a technical bounce assisted by short covering/bargain hunting we see little incentive at the moment for buyers to return to the market.

Our advice last week to only commit new money to “special” situations therefore remains relevant.

For those who are interested in obtaining a free weekly investor’s commentary that focuses on the fundamentals and technicals of the current stock market, please click on the following link to “Market Thoughts”: http://www.shrewdinvesting.com/links2.asp?LinkId=1069

While we continue to add more stocks to our Watch Stocks we have for the moment decided not to have any further deletions.

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

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