Shrewd Investing

[Shrewd Dude]

Our Top 50 Watch Stocks – August 12, 2004 – updated daily

A further weakness in technology stocks caused in particular by cautious comments from Cisco plus continuing worries about the Russian oil giant YUKOS impacted on sentiment and resulted yesterday in markets once again closing in negative territory. Our own Watch Stocks were all over the place with the volatility providing numerous trading opportunities. Also although we do not provide stock picks as such it was pleasing to note that all our new additions once again closed up.

For today U.S. stock futures are once again 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: EFJI; RFMD. (Please note that while in our opinion there are a lot of undervalued techs out there such as FDRY, MCRL etc. we are for the moment trying to limit our choices to those stocks where we see some short term driver for the price.)
Watch Stocks: ECLG.
Possible Trend Reversals: ADRX; DCEL; CYTK; LOUD; MVL; DSPG; SSTI; CKFR; EYE; APOL; PACR; MOSY; SWW; SWKS; IVAC; SGTL; TKO; EBKR; HILL; RETK; IDEV; WGAT; IDWK; IWOV; LSCP; CREE;.
Failures: AVNX; CORI; RDWR; EFII; HELX; AMCC; SANM; CMGI; UTSI; ALVR; ARTX; ARRS; ROG; MSPD; CGNX; MAMA; VISG; PTIX; ANDW; SONSE; EVCI; LSI; OVTI; STKL; DRIV; PLXT; BKHM; WEBX; CNXT; JCOM.
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
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