Lost some money last week by not following the rules. It happens. The important thing is to carry on. Over the weekend I have been working on some new strategies and fine-tuning existing ones. I have some exciting ideas to share when the time is right.
Here are some stocks I’m looking at this week:
Goodyear Tire & Rubber Co. $GT
Goodyear Tire is a 117 year old company that trades at just 3x earnings and 8x forward earnings. The stock is ultra cheap but has been trending higher recently and was selected by the Extreme Discount model. I spoke out about Goodyear in this Seeking Alpha article, David Tepper Likes Goodyear And So Do I.
Prospect Capital Corp. $PSEC
Prospect Capital Corp. is an asset management firm that pays a whopping 11% dividend. I like the look of the chart (daily) which is trending higher and offers a low risk entry. I am looking for a move up to the top of the channel at least.
Imation Corp. $IMN
Imation Corp. is a small cap data storage provider with a market cap of 176m. The stock is up 8% year-to-date and slowly trending higher. Last week saw some bullish volume and saw the stock close near it’s highs.
Smith Micro Software Inc. $SMSI
Smith Micro Software is a micro cap stock with a market cap of just 59m. The stock broke out on high volume in January but has since closed the gap and moved back to a support line. That gives us a possible low-risk entry with stops placed just below $1.18.