Monday, February 8, 2010

None of Last Week's Stop Loss Longs Look Particulary Attractive Yet

We entered last week with 4 major long positions, having been stopped out of some 15-20 others in the previous few weeks.  Since these were the last to go, I am keeping a close eye on them to push back in to at least give us some long exposure.  While other names might jump more on an any further oversold bounce, they are generally in completely awful technical conditions, whereas these 4 would have the best chance of "fixing" their situation efficiently.

Thus far, a couple have regained their 50 day moving average but to be safe I'd want to see a jump over the 20 day as well.  In these cases we'd be buying back at higher prices than we stopped out, but that's the price of being conservative and preserving capital.  In all other stocks the past month the price we stopped out will be higher - in many cases much - than what we would be able to garner today on the open market.

Almost there with Atheros Communications (ATHR); but over $32.50 would be better.

Same with DragonWave (DRWI)... close...

A little behind the other two, but on the same track with EnerNOC (ENOC)

Meanwhile, Assured Guaranty (AGO) is having a hard time recovering.

Long all names mentioned in fund; no personal position

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