Though the market is still dry heaving at the porcelain throne, CROX finished up 1.5% and closed at $51.96. Nintendo ADRs (NTDOY.PK) followed its Tokyo Stock Exchange upswing and closed up 3.5% to $58.85. But I just have this feeling that I'll be able to scoop up more Nintendo under $55 in the near future.
I still believe the market will heave and ho until Q3 earnings near. My watch list of A, A- and B+ stocks was coated in red paint today. The only exception was Salesforce.com (CRM), which bumped up 2.8% to $44.90 ahead of tomorrow's earnings report.
With such an uncertain state of affairs in and around the market, does it even make sense to consider entry points for favorite stocks? Maybe not. But I have a little free time, so here goes.
AAPL 124Clearly one of the stocks that big houses have sold off to collect profits and make up for hedge-fund, mortgage-related debacles. Now 16% off its high of 148 and trading well below its 13- and 50-day EMA and SMA. I love Apple and this is a good price, but as with all my A grade picks, there's no telling how low the market will go to make up for the mortgage mess. Pupule says: Buy small.
AMZN 73
For the past four sessions, the stock has traded within its 13- and 50-day EMA and SMA, currently at its lowest level since the big POP after Q2 earnings. Sure, this looks like a buy, but with meager volume and a lot of waffling by buyers until the market finds its footing, there could be a better entry point later. Pupule says: Buy small.
CROX 51
Stock is off its mid-day low of $47 (Friday), but the lack of volume yesterday and today make this a weak move up. Fundamentals and growth of the Co are strong. Stock is within its 13- and 50-day EMA and SMA. Pupule says: Buy small.
GRMN 92
For better or worse, the timing of the Co's Q2 report has helped the stock to stay above its 13- and 50-day EMA and SMA until this week. Love the Co, love the stock, but I can see more consolidation through this crappy market. Pupule says: Wait.
RIMM 206
Still trading above its 13- and 50-day EMA and SMA ... amazing but true. Pupule says: Wait.
BIDU 189Trading just below its 13-day EMA and SMA, above it's 50-day averages. Though it may feel like BIDU has consolidated for a long enough time, it has gained almost 200% in the past year. Pupule says: Buy small.
CEO 108
Before last week, 108 would have been a total steal. Now? I think there's room on the downside, so patience will be rewarded. Still a great Co in the fastest growing economy in Asia. The stock is trading below its 13- and 50-day EMA and SMA. Pupule says: Buy small.
CMG 96
Stock dropped under its 13-day EMA and SMA today. Terrific Co, worth waiting for, but the price is decent. Pupule says: Buy small.
FLS 68
This is a stronger, better Co than it was before Q2 results, and yet the stock is cheapre now than it was two months ago. Stock is trading well below its 13- and 50- EMA and SMA. Pupule says: Buy small.
GOOG 508
Strangely enough, despite missing estimates for Q2, all the stock has done is consolidate in a range between 498 and 526. Trading below its 13- and 50-day EMA and SMA. Pupule says: Buy small.
NILE 82
After the huge move up following the big Q2 earnings, the stock is finally trading below its 13-day EMA and SMA. Love the growth of the Co. Might wait though. Pupule says: Buy small.
NTDOY.PK 58
As usual, Nintendo's ADRs march to the beat of a different drummer. At this level, the stock is above its 13-, 50- and 200-day averages. Pupule says: Wait.
UA 61
Even the 50% short interest couldn't push the stock higher in this market. Stock is touching its 13-day EMA and SMA. Pupule says: Wait.
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