Shrewd Investing

[Shrewd Dude]

Our Top 50 Watch Stocks – August 11, 2004 – updated daily

It’s too early to tell but yesterday could possibly have been a suckers rally based on a bullish economic outlook from the Federal Reserve. What might however influence markets today is a realization that the FOMC left the door open for further early interest rate hikes against a background of two consecutive months of disappointing employment growth. Also while oil may have dropped out of the spotlight many analysts now believe that in the short term there could be further significant increases and that is based on the fundamentals and does not take into account any disruption to supplies

For the moment U.S. stock futures are currently indicating that markets could open significantly lower today

If you have any views or comments on any of our Watch Stocks please post them in the Forums section of our web site which can be accessed via the following link:
http://www.shrewdinvesting.com/forums.asp

Today’s Additions: ADRX; ECLG; DCEL.
Watch Stocks: CYTK.
Possible Trend Reversals: CKFR; EYE; APOL; AVNX; CORI; PACR; RDWR; EFII; MOSY; SWW; HELX; AMCC; SANM; SWKS; IVAC; CMGI; SGTL; UTSI; TKO; ALVR; EBKR; ARTX; ARRS; HILL; RETK; ROG; IDEV; WGAT; MSPD; IDWK; CGNX; MAMA; IWOV; VISG; LSCP; CREE; PTIX; ANDW; SONSE.
Failures: LOUD; EVCI; LSI; MVL; OVTI; STKL; DSPG; DRIV; PLXT; BKHM; SSTI; WEBX; CNXT; JCOM.
Deletions: AGRa (has shown significant strength over recent days); ARTX (up 13% yesterday/poor results); PETS (has shown significant strength over recent days).

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
3. Companies reporting today: http://www.shrewdinvesting.com/links2.asp?LinkId=755
4. Comment from “Market Thoughts” on the fundamentals and technicals of the current stock market: http://www.shrewdinvesting.com/links.asp?keywords=market+thoughts&do_search=1


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