Chop Chop Chop | Bulls on Wall Street

Chop Chop Chop

Well we got blown with all sorts of data…none of it conclusive on anything.  Along with that our local tax collectors were flooding some rumors of trader tax.  In the end all the data and all the rumors led us right where we started a low volume day with no movement.  Really without a big dump in the dollar or some unexpected news I doubt we push to new highs. 
 
I usually love this week and Christmas time.  I used to refer to it as Penny Pumper week as the only action is usually in low volume stocks where the message board crowd gangs up together and runs up no name stocks.  But since I missed the spectacular “crack” run in $seed and got stuck with her fat friend with great personality $feed I no longer feel the love.  I wasnt really feeling the action so I spent most of the day making new watchlists. Longs, shorts, momo, swings.  As SG keeps telling me “you dont got to f*cking trade everyday, pick your spots” ( i added the F*cking hehe)
 
The one thing that is obvious is the market is no longer in fullblown meltup.  Ive learned the lesson the hardway the last 2 weeks as Im not every ten minutes earning the right to say “booooooooooooom”  they are coming harder and tactics have to be adjusted. The market is going higher that im pretty sure of but stockpicking is coming back into play. I know personally Ive been a little lets say cavalier in taking on risk but my  50/50 results of the last 2 weeks have shown me I need to make adjustments. But rest assured I have a plan in place that will be perfect heck Ive been lighting my neighbors cat on fire for years in celebration of my eggregious victories and I will be back at it in within the week.
 
Im going to be adding alot more partime trader type swings as many readers have asked how they can trade with big gains and not have to be at the computer all day.  To be honest I make similiar returns in my swingtrades as I do momotrading smallcaps.
 
Here are a couple I like for breakoutpullback plays that actually based on their earnings could run for couple weeks strong
 
A nice low volume pullback close to the bottom of the breakout bar should give you a great low risk entry.  Stop a little under 36.  1st target old high, 2nd…who knows
 
 
 
For a spec retailer play I like $hott  it looks like its been crushed due a declining of same store sales and estimates going to be lower than previously thought. This is all true and not very good.  But it looks like it has bottomed and after its beatdown company is pretty cheap. Company has over 700m in revenue with 0 debt and 80m cash on a 200+m market cap and oh yeah it makes money!.  Looks like it wants to fill that gap.
 
Income Statement
Revenue (ttm): 760.46M
Revenue Per Share (ttm): 17.275
Qtrly Revenue Growth (yoy): -3.90%
Gross Profit (ttm): 273.31M
EBITDA (ttm): 67.01M
Net Income Avl to Common (ttm): 18.06M
Diluted EPS (ttm): 0.41
Qtrly Earnings Growth (yoy):
 
Balance Sheet
Total Cash (mrq): 91.42M
Total Cash Per Share (mrq): 2.064
Total Debt (mrq): 0
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 3.24
Book Value Per Share (mrq): 6.052
Cash Flow Statement
Operating Cash Flow (ttm): 51.10M
Levered Free Cash Flow (ttm): 27.86M
 
 
 
i like this one too!!! if you can tell me why I will give you a surprise

Leave a Comment