Shrewd Investing

[Shrewd Dude]

Our Top 50 Watch Stocks – August 16, 2004 – updated daily

Friday once again proved to be a disappointing day with the markets closing near their lows for 2004.

For today while U.S. stock futures are currently indicating a flat opening, oil prices have hit a new record of near $47 and from a technical perspective could quite easing move on and test the $50 level. Watch for news from Venezuela and Iraq.

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: DHB; CMGI; GLW; HPQ.
Watch Stocks: EMA; MTRX; EFJI; RFMD; ECLG.
Possible Trend Reversals: DCEL; EBKR; CORI; MSPD; PTIX; AMCC; EVCI; ADRX; MVL; CKFR; EYE; APOL; MOSY; HILL; IDWK; IWOV; LSCP.
Failures: PACR; IDEV; LSCP; CYTK; LOUD; DSPG; SSTI; SWKS; IVAC; SGTL; TKO; RETK; AVNX; RDWR; EFII; HELX; SANM; CMGI; UTSI; ALVR; ARTX; ARRS; ROG; CGNX; MAMA; VISG; ANDW; LSI; OVTI; STKL; DRIV; PLXT; WEBX; CNXT; JCOM.
Deletions: BKHM (taking too long; CREE; SWW; WGAT.

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. Market Commentaries: http://www.shrewdinvesting.com/links.asp?CatId=329


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 particularly if you get to know the stocks and chart their daily trading pattern.
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% is required for a stock to move between the above categories.
5. 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: No specific buy or sell advice is given and our Watch Stocks should be just one tool in your arsenal of many. Until any downward trend has been reversed, buying highlighted stocks will carry additional risks. We recommend waiting for 10-15 minutes after open before initiating a trade. 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