Van Meerten's picks

Too many investors spend time looking at the S&P500, Small and MicroCap stocks and totally overlook the Mid-Cap 400 . Here is a long and short pick from that universe.

This week it was really hard to find a positive stock in the Mid-Cap universe but WGL Washington Gas Light Co got the green light. The company in a public utility that sells and delivers natural gas product in the Washington DC metro area. Very solid revenue, operating income, net earnings and a steady dividend make this company attractive on fundamentals. The fact that in this market it still has had 10 new highs in the last 65 trading sessions if great. Place a stop loss @31 to protect your position.

The short pick of the week (and there could have been many) goes to HNT Health Net Inc. a managed care organization that manages health care services. We have a bear market in the health care sector and this stock has made 27 new lows in the last 65 trading sessions. Place a stop buy to cover at 17.

Jim Van Meerten
The Amateur Msn.com Strategy Lab

Contributor on:
MSN.com Money Central
Marketocracy.com
SeekingAlpha.com
InvestorPlace.com
MoneyShow.com

Comments: View Comments |  Saturday November 22, 2008