GainSeeker

Recent Moves

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Bought Conagra, Hershey, Gymboree, Sold PCAR today, Reviewed my stock list last night, and PCAR just didn't seem to have anything left in it worth staying in for. This was a stock that had been reviewed as a 'safe harbor' by some analysts, and despite the negatives on the trends, I thought it could make a good return over the short term since it had dropped from a $97 range to the eighties. All I can say is 'Oops', this one got me too in my real portfolio.

So, back to the buys today. In a disorderly market, what do you go with? How about some traditional companies that have been beaten down as of late?

Conagra, well that seems to fit the mark. They've taken their hits, had to pull Peter Pan Peanut Butter from the shelves, after a salmonella problem. How does a company deal with this, simple, a 100% satisfaction guarantee for the new Peter Pan going onto the shelves. The product has name recognition and most parents won't remember why it wasn't available to begin with, but will start picking up the new and improved since they know the name. Besides, look at the charts, they've just crossed over on the MACD, Stochastics are showing bullish but overbought, but they're only running around 80% and have hit the 100% multiple times over the last year. Besides, the RSI is showing not overbought. Overall, I like this stock.

Hershey, who doesn't like chocolate? But they started the year around $52 and today they're at $48? They upped their quarterly dividend on the 7th, so some good news there. Now if we're in for a consumer correction or whatever the bears believe, who would you rather own, Hershey's or Godiva? I'm staying with tried and true. Besides, look at the chart. Parabolic SAR went to the upside, MACD is negative, but just crossed over the 9 dma (Crossovers are good), Stochastics are showing K over D but overbought, while RSI is not showing overbought, and has trended upwards. Enough said, I'm in.

Gymboree is the next one, and this is the one that I'm going in for without the same confidence. They gyrate a little too much for my comfort, and the signals cross all the time. However, I've got little children, and so do a whole lot of other people - apparently there is a baby boom going on that hasn't gotten much attention but we're seeing more schools switch to year round to accomodate the additional children / classrooms needed which aren't there. Well, Gymboree is now in the preschool market, and I think that is going to grow - significantly.
The stock has gone from $45 to $35 up and down like a teeter totter this year. And if you look at the charts, PSAR is bullish, MACD is Bullish, and neither RSI or Stochastics are showing overbought - Stoch's are showing bearish though, so a cause for my discomfort. But, I'm in as of today.