I made very few individual stock picks this past year but here were two:
On Jan 13th 2009 I told the blogging community that CVS might run a little during the year. On that date the price was $26.75. Since then the price ran up 42%, just over $38 before it's recent crash back down to $31. All in all, not a bad trade.
On December 22nd, 2008, I has a warm and fuzzy feeling for LUV. At the time it was trading just under $8. Ok, it did go down to $5 but now currently resides at $11.24. It took a while but the 40% gain was worth the wait.
What's up for 2010?
The monkey is not shy, proud, or tired so the dart gets thrown at...drum roll please...
CVS (once again) currently trading at $31.18 and just coming off a big correction. Even a baboon can see that the gap will get filled.
LVS (Las Vegas Sands, Corp) currently trading at $15.29. The year to date chart looks like a technical analyst's dream. Could this be going to $30? I'm betting on it.
That's it for the 2010 predictions for now. While I'm here though, I have been working on a new stock screen the uses short-term relative strength and buy/sell volumes to predict swing points.
I have no idea if it will work but if the following stocks make a solid 5% move this week I may explore this a little more deeply. I'll track these during the week and post the results.
Symbol
Last
UCBI
3.25
JBLU
5.47
ERIC
9.05
MTZ
12.58
AHT
4.76
EGLE
5.01
Merry Monday Market Movement
2 hours ago